Trump-Linked Crypto, Ether Shorts Squeezed, Ukraine's Crypto Bill

Crypto Market Highlights: Trump, Ether, and Ukraine

Here's a look at some of the key developments in the crypto space:

World Liberty Financial Eyes $1.5B Nasdaq Listing

World Liberty Financial (WLFI), a crypto venture associated with the Trump family, is considering a significant move: a $1.5 billion Nasdaq listing. The treasury company would hold WLFI tokens.

• The firm is reportedly in discussions with major tech and crypto investors.
• This move aligns with the trend of digital-asset treasury companies accumulating crypto reserves. According to reports, such companies raised an estimated $79 billion in 2025 for Bitcoin alone.
• World Liberty Financial, which lists Donald Trump as “co-founder emeritus,” launched last year with plans for a crypto-lending app and a USD1 stablecoin.

Ether Shorts Liquidated; Eric Trump Comments

Ether (ETH) saw a massive short squeeze as its price exceeded $4,000. This led to significant liquidations and commentary from Eric Trump.

• Approximately $105 million in Ether short positions were liquidated on Friday.
• Eric Trump took to X, posting a message directed at bearish traders: "Stop betting against BTC and ETH – you will be run over.”
• The $4,000 price point is a milestone, as it’s the first time Ether has reached this level since December 2024.

Ukraine Moving Forward with Crypto Regulation

Ukraine's parliament is planning to hold the first reading of a bill aimed at regulating the crypto market by late August.

• The proposed legislation seeks to establish a legal framework for digital assets that aligns with European standards.
• Danylo Hetmantsev, head of the parliamentary committee on finance, tax and customs policy, stated that the draft law on taxation of virtual asset transactions is in its final stages.
• A key provision includes a legalization pathway for previously acquired digital assets, with a proposed 5% personal income tax and a 5% military duty.