Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, World Liberty Financial’s token slipped about 7% following what it called a failed “coordinated attack on its stablecoin. Standard Chartered slashed its forecast for US Treasury demand from stablecoins $800 billion-$1 trillion by 2028, but maintained its $2 trillion stablecoin market call, and Bitcoin fell 4% in two hours, wiping out all its weekend gains.
World Liberty Financial, the crypto company backed by US President Donald Trump and his sons, reported being targeted by hackers, “paid influencers,” and short sellers in an effort to “manufacture chaos” against the USD1 stablecoin.
In a Monday X post, World Liberty said the attack, which happened earlier this morning, failed after hackers targeted “several WLFI cofounder accounts,” opened “massive shorts” against the company’s WLFI token, and “paid influencers to spread FUD [fear, uncertainty, and doubt].”
