Lookonchain APP

App Store
Feeds Articles

World Liberty Secures Conditional Trust Bank License from U.S. OCC, USD1 Stablecoin Issuance Rights to Be Transferred

1 hours ago

This Friday, the U.S. Office of the Comptroller of the Currency (OCC) announced it has granted a "preliminary conditional approval" for a federal trust bank charter to Trump-linked crypto project World Liberty Trust Co., paving the way for it to take over the issuance of World Liberty Financial’s stablecoin USD1. Per OCC documents, World Liberty Trust Co. is authorized to operate as a national trust bank, conducting fiduciary management and related trust business. Final approval remains subject to additional conditions, including pre-opening requirements. World Liberty Trust Co. said it will be responsible for issuing fiat-backed stablecoin USD1 to institutional clients, replacing BitGo Bank & Trust, the current exclusive issuer and custodian of USD1. The firm also plans to offer digital asset custody services for USD1 users and other institutional clients. World Liberty applied for the bank charter in January this year, a move that drew criticism from Democratic lawmakers due to its ties to the Trump family. U.S. Senator Elizabeth Warren had previously called on the OCC to halt the approval process, criticizing some crypto firms for trying to circumvent traditional banking regulatory requirements. In its approval document, the OCC stated that the application was reviewed by professional regulators in accordance with relevant laws and regulations, and had no connection with political factors. Following the announcement, Democratic lawmakers including Warren said they will push forward the "Ending Presidential Banking Corruption Act", which aims to restrict senior U.S. government officials from owning or controlling banking institutions. Currently, the advancement of the U.S. Digital Asset Market Structure (CLARITY) Act has also been impacted by the related ethical controversies.

Source
Add to Favorites Download image Share x Copy link
Relevant content

Pumpfun unlocks 4.85B $PUMP ($13.6M) to 124 wallets today

Pumpfu(@Pumpfun) unlocked another 4.85B $PUMP($13.6M) to 124 today.

7 minutes ago

From $5,000 to $5.6 Million, Then Wiped Out? LAB Public Offering Investors Go From 'Paper Wealth Windfall' to 99.94% Loss

According to monitoring by crypto analytics account Ai Yi, an investor encountered an extreme "paper wealth" scenario after participating in the LAB token public offering. Crypto community user Skylinee joined LAB’s public offering in October 2025, investing $5,000. The token’s value once surged to approximately $5.6 million, marking a 1,120x increase within nine months. However, due to the project team unilaterally delaying the token unlock schedule, the investor only received the tokens recently. Data shows that the current value of his held LAB tokens is just around $3,219, a roughly 99.94% plunge from its previous peak.

7 minutes ago

Analysis: The growth rate of AI data has outpaced projections for computing power, making storage a new bottleneck for AI infrastructure.

Western Digital’s latest analysis notes that as AI applications scale rapidly, AI data center construction is shifting from a pure GPU computing power race to a competition in data storage capacity, with storage planning becoming a core component of AI infrastructure. Citing IDC forecasts, global annual new data volume will reach 718 ZB by 2030. Data generated by AI systems does not disappear once computing tasks end; training data, model checkpoints, embedding vectors, inference logs, prompts, output results, and evaluation data will all accumulate continuously. Western Digital points out that many current AI infrastructure plans overemphasize GPU utilization while neglecting data accumulation throughout the AI lifecycle. Data generated during training and inference will become critical assets for model iteration, quality assessment, and compliance audits, with storage costs directly impacting the long-term operational efficiency of AI systems. As data scales to PB and even EB levels, a single storage architecture can no longer meet demands. Enterprises need to adopt a tiered storage strategy: using high-performance flash memory for training and real-time inference, and high-capacity HDDs and object storage for long-term data archiving, historical records, and low-frequency access scenarios. The analysis concludes that the key metrics for future AI infrastructure competition will not only be the number of GPUs, but also per-PB data storage cost, energy consumption, recovery efficiency, and data lifecycle management capabilities. If enterprises still treat storage as an afterthought to computing, they may face issues such as out-of-control data costs and reduced model iteration efficiency.

7 minutes ago

Donald Trump stated he would "never apologize" for taking military action against Iran, and plans to declare the Strait of Hormuz as U.S. territory after the war.

U.S. President Trump said Friday he would "never apologize for military action against Iran," calling the operation a "correct decision." He stated that even if the conflict leads to higher oil prices for American consumers, it is worth continuing to advance the goal of preventing Iran from obtaining nuclear weapons. Trump said: "When you have to pay more, remember that." He also noted that after "defeating Iran," he plans to declare the Strait of Hormuz as "U.S. territory." Analysts point out that incorporating the Strait of Hormuz into U.S. territory could mean the U.S. needs to maintain a long-term military deployment there. Earlier, Trump had said he hoped the conflict would end quickly. Currently, shipping through the Strait of Hormuz remains affected by the conflict, global oil inventories continue to decline, and regional shipping security is under pressure. Iran has stated that it will not fully reopen the strait until the U.S. meets relevant conditions. Additionally, a new personnel safety incident has been reported involving the U.S. Navy's USS Abraham Lincoln carrier strike group. According to U.S. officials, a second sailor fell overboard from the carrier group last spring. Meanwhile, the U.S. is deploying the USS George Washington carrier strike group to the Middle East to replace the Lincoln for its mission. The White House emphasized that the Trump administration is focused on both lowering energy prices and preventing Iran from acquiring nuclear weapons. Vice President Vance previously said the U.S.'s top priority is ensuring "cheap" oil and natural gas, followed by preventing Iran from becoming a nuclear-armed state.

7 minutes ago

Ethena transferred $81.97 million in USDC to FalconX, suspected of an over-the-counter sale.

According to monitoring by Onchain Lens, Ethena transferred $81.97 million worth of USDC from its Coinbase Prime custodial wallet to FalconX. Per on-chain transaction records, the fund transfer is likely related to an over-the-counter (OTC) sale. It remains unclear whether Ethena has completed the sale.

7 minutes ago

A new crypto address withdrew 33,800 HYPE tokens from Coinbase, valued at approximately $1.88 million.

According to monitoring by Onchain Lens, a newly created wallet address has recently withdrawn a total of 33,810 HYPE tokens from Coinbase, valued at approximately $1.88 million.

7 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.

2026.01.31 18:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

2024.12.03 23:09:08

 More

Hot Articles

Follow us

X

Follow

Telegram

Join

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano