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Original source: Animal Observation In August, amidst the pile of Nasdaq announcements, there was a seemingly ordinary financing announcement that exploded like a hidden bomb: ALT 5 Sigma issued up to 200 million common shares (approximately 10 billion RMB) at $7.50 per share, exchanging WLFI tokens for shares, and sent Trump’s youngest son Eric Trump to the board of directors. Overnight, ALT 5, a fintech company with annual revenue of just $20 million, transformed itself into the “Trump family’s publicly traded treasury.” ALT 5 wasn’t just raising funds; it was brazenly pushing the Trump family’s token, WLFI, and its USD 1 stablecoin, both heavily politically stigmatized, into the U.S. securities system. WLFI (World Liberty Financial) is not a simple startup, but a “political mint” created by the Trump family. Founded…# Analysis# crypto# MarketPre
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- Original translation: Saoirse, Foresight News Stablecoin issuer Circle made a lot of headlines earlier this summer. On June 5th, Circle