In partnership with

🍊 The Trumps Profited $5B On Launch of New Coin

If you thought the $TRUMP and $MELANIA coins were crazy, you’ll love (or hate) this. The Trump family just profited billions off of a cryptocurrency they own almost 25% of—but it’s not a meme coin; it’s the governance token of World Liberty Financial, Trump’s DeFi protocol.

1. World Liberty Financial is a DeFi company that Trump co-founded and has a 60% stake in

2. $WLFI is World Liberty Financial’s governance token—it had an ICO earlier this year, but first token unlocks happened on Labor Day

3. As soon as the tokens were available for public trading this Monday, the price skyrocketed to $0.40 (25x from ICO price)

4. Since then, the token has plummeted in value by 45.8%

Can we add $WLFI to the list of unprofitable “celebrity meme coins,” or does this one have the potential to perform in the long term?

You can read World Liberty Financial’s “Gold Paper” here (as opposed to “white paper”) if you want.

👬 The Winklevoss Twins Are Taking Gemini Public

Crypto Exchange Gemini is set to have an IPO (initial public offering) this month and begin trading on the New York Stock Exchange. Co-founded by the Winklevoss Twins of Facebook infamy and Bitcoin billionaire riches, Gemini looks to compete with the likes of Coinbase and Bullish as a public company.

Here are the stats on the IPO and how you can get in on it (always DYOR):

• Gemini is aiming for a $317M raise and an initial valuation of $2.3B

• Target IPO stock price of $17-19

• Trading under the ticker GEMI

• Expected IPO date: September 12

• How to get shares: You can request IPO shares in many brokerage apps like Robinhood, WeBull, or SoFi.

Bullish IPO’d last month and gained 83% at launch, but has come down 56% since then. Warning: IPOs are notoriously volatile, and should be approached with the utmost caution. Past performance does not guarantee future results. DYOR.

200+ AI Side Hustles to Start Right Now

From prompt engineering to AI apps, there are countless ways to profit from AI now. Our guide reveals 200+ actionable AI business models, from no-code solutions to advanced applications. Learn how people are earning $500-$10,000 monthly with tools that didn't exist last year. Sign up for The Hustle to get the guide and daily insights.

Get the guide

🤯 Google Layer 1 Chain: “Yesterday’s scam is today’s infrastructure.”

So, a member of the Magnificent 7 is building a layer 1 blockchain and they want to become “an open infrastructure layer for financial institutions”… And everyone isn’t losing their minds?

Google Cloud Universal Ledger (GCUl) is the chain’s name, and competing with Stripe and Circle is its game. Google’s goal is “to build a blockchain that any bank, exchange, or payment provider can use without strengthening a competitor’s ecosystem.” Which is exactly what Stripe and Circle did.

As Twitter user Abhinav said, Google used to call crypto a scam. Now GCUL is here. “Yesterday’s scam is today’s infrastructure.”

Overall, this signals major, and I mean major, belief from Google in blockchain technology. This looks like a strategic move they’re making to steal business from competitors because they think it will earn them real, immediate revenue, not speculative value.

Huge.

💯 Ondo Has Tokenized 100 Stocks On-Chain

Non-US investors can now go invest in NVDA, TSLA, AAPL, and tons of other stocks on-chain through Ondo.

Why are Ondo’s tokenized stocks (or stockenized tokens?) different from Robinhood’s, xStocks, and Securitize’s? Because with those other platforms, you either had to choose between liquidity and accessibility. You couldn’t have both (and sometimes, you couldn’t have either).

And Ondo solved the issue through its unique mix of stablecoin-like liquidity and an “instant minting and burning” mechanism. Check out Ondo CEO Nathan Allman’s breakdown of his platform’s greatness.

🍟 Extra Crispy Crypto Links

• The new film Killing Satoshi will be captained by The Bourne Identity’s director and will star Casey Affleck and Pete Davidson. The thriller covers Bitcoin’s creation—and the mystery behind its creator.

• Creators on Pump.fun are earning 5x more on the platform because of its new fee structure. Some people think Pump.fun will now rival (or defeat) Twitch.

• The creator of the Trollface meme sold IP rights to a Solana token for six figures.

• “Pudgy Party,” the Pudgy Penguins game, just launched on iOS and Android. CEO Luca Netz is aiming for “tens of millions” of downloads for the NFT-IP-based game, according to Decrypt.

📩 Weekly Meme Delivery

⏳ Wrapping Up

That’s all for this week. Markets are wild, and we’re continuing to step forward into uncharted territory: what happens over 1, 2, 3 years when you have a US government that supports crypto, institutions buying coins, and tokenized stock trading?

Let’s find out together, anon.

Until next time,
The Chain Team

🎤 Let us know what you thought

We really appreciate you reading our newsletter, and we’d love to hear your feedback.