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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
09/01/2025

Crypto Today: WLFI Nears $1B Open Interest, AI Could Drive Capital Into Bitcoin, Newsom Launches "Trump Corruption Coin"

Today's crypto market saw several notable developments — from a derivatives surge tied to Trump's token, to controversial claims about AI and Bitcoin, to fresh moves from U.S. politicians. WLFI Nears $1B Open Interest Ahead of Unlock According to CoinGlass data, open interest in derivatives for World Liberty Financial (WLFI) — the token tied to the Donald Trump family — approached $950 million on Monday morning before pulling back slightly

Crypto Today: WLFI Nears $1B Open Interest, AI Could Drive Capital Into Bitcoin, Newsom Launches "Trump Corruption Coin"

Today's crypto market saw several notable developments — from a derivatives surge tied to Trump's token, to controversial claims about AI and Bitcoin, to fresh moves from U.S. politicians.

WLFI Nears $1B Open Interest Ahead of Token Unlock

According to CoinGlass data, open interest in derivatives for World Liberty Financial (WLFI) — the token tied to the Donald Trump family — approached $950 million on Monday morning before pulling back slightly to $887 million, still up as much as 45% over 24 hours. WLFI derivatives volume also surged 535% to $4.54 billion, making it the fifth most-traded derivatives asset in the market.
WLFI is currently trading around $0.34, down from a high of $0.40 last week. The spike in interest comes just ahead of an unlock of roughly 5% of the token's total supply.

AI Could Make Stocks "Obsolete," Pushing Capital Into Bitcoin

In a conversation with investor Anthony Pompliano, Jordi Visser — investor and market analyst — argued that AI will compress innovation cycles, making it harder for public companies to sustain profits or achieve "escape velocity." He predicted this will erode investor confidence in equities and force them toward Bitcoin as a long-term store of value.

California Governor Plans to Launch "Trump Corruption Coin"

Meanwhile, California Governor Gavin Newsom made waves by revealing plans to launch a new memecoin called "Trump Corruption Coin." The move is designed to mock crypto projects tied to Donald Trump, particularly MAGA-branded memecoins.
According to Newsom, the goal of the token is to "draw attention to the absurdity" of politically motivated crypto projects, while also raising funds for the "Campaign for Democracy" initiative — covering activities around redistricting and voter mobilization.

Conclusion

The crypto market is growing increasingly unpredictable: from the WLFI derivatives explosion, to long-term forecasts about Bitcoin's role as a safe haven, to the "political memecoin" battle between Trump and Newsom. These developments are poised to weigh heavily on investor sentiment in the weeks ahead.