Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space.
Trump’s World Liberty Financial token debuts as the 26th largest cryptocurrency, while South Korea joins global crypto information sharing. WLFI delivers massive gains to early investors despite volatility and regulatory scrutiny from lawmakers.
Trump’s WLFI Token Debuts as 26th Largest Cryptocurrency
WLFI is live trading now, instantly becoming the 26th largest cryptocurrency after listing. WLFI trades around $0.23, delivering 1,400% gains to early investors who bought at $0.015. With a circulating supply of 24.66 billion tokens, the market cap reached $5.78 billion with a $23.44 billion fully diluted valuation.
The Trump family currently holds 22.5 billion tokens worth approximately $5.16 billion. Over $12.36 million in leveraged positions were liquidated within four hours of trading launch. Major exchanges, including Binance, Bybit, and Gate, listed the token immediately.
Tron founder Justin Sun emerged as the most prominent early investor with significant allocations. The project raised $550 million through two sales rounds before becoming tradable. World Liberty proposed using protocol fees for token buybacks and permanent burns to reduce supply.
Korea Joins Global Crypto Information Sharing Framework
According to Kukmin Ilbo, South Korea will implement the OECD’s Crypto-Asset Reporting Framework next year. Domestic exchanges like Upbit and Bithumb must share foreign investors’ transaction data. The Ministry signed the multilateral agreement with 48 countries last November.
Data sharing begins in 2027 and covers transactions from 2026. Currently, Koreans report overseas crypto holdings exceeding 500 million won monthly. The framework captures all overseas transactions regardless of amount, operating separately from Korea’s suspended crypto taxation until 2027.
BeInCrypto’s Asian Coverage
Korean investors abandon Tesla with $657 million exodus while pouring $12 billion into US crypto companies.
CZ predicts DeFi will overtake centralized exchanges while Japan Post Bank unveils $1.3 trillion digital currency plan.
Japan Post Bank plans to launch DCJPY tokenized deposit currency for digital securities settlements by 2026.
Metaplanet tops 20,000 BTC holdings, becoming sixth largest corporate Bitcoin treasury globally.
Gumi game developer invests $17 million in XRP aligned with SBI Holdings’ blockchain strategy.
Chinese state company issues $700 million RWA digital bond on Ethereum with A- rating.
Bank of China shares surge 6.7% amid speculation about Hong Kong stablecoin license application.
Japan leads Asia’s stablecoin shift with JPYC and major banks preparing regulated yen tokens.
Coinbase and OKX target Australia’s $2.8 trillion pension pool with dedicated SMSF crypto products.
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Oihyun Kim
https://beincrypto.com/trumps-wlfi-token-soars-korea-joins-carf-and-more/
2025-09-02 04:29:00
