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Why is WLFI’s price up today? USD1 buzz, Binance transfer & more…

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Why is WLFI's price up today? USD1 buzz, Binance transfer & more…


After falling to a low of $0.054, World Liberty Financial [WLFI] bounced and reached a local high of $0.062 before retracing.

At press time, WLFI traded at $0.059, up 8.3% over the past 24 hours. During the same period, trading volume surged 207% to $88 million, reflecting renewed market participation.

Why is WLFI rising today?

World Liberty Financial’s rebound appeared to stem from two key developments.

First, AI Financial Corp, a major corporate investor in WLFI, said its outlook on the investment had improved.

The company stated that most of the challenges it previously warned investors about had been substantially mitigated. In May, AI Financial Corp warned that it might not continue operating over the following 12 months.

Even so, the firm disclosed a $348 million loss on its crypto assets during Q1 2026. It also reported operational losses alongside unrealized losses on its balance sheet. That shift aligned with growing speculation around the USD1 ecosystem.

Speculation hit the market, driven by the USDI campaign extension.

World Liberty Financial also transferred 170 million World Liberty Financial [WLFI], worth roughly $9.3 million, to Binance.

The move fueled speculation that Binance could extend its USD1 yield campaign. Traders also speculated that Phase 6 of the USD1 event could continue.

On top of that, Gate announced a USD1 campaign offering up to 20% APR without lockups. That added to bullish expectations across the market.

World Liberty Financial open interest
Source: CoinGlass

As speculation intensified, traders rushed to establish positions. Derivative Volume jumped 152.8% to $253 million, while Open Interest rose 11% to $200 million.

The rise in both metrics suggested new money entered the market as traders opened fresh positions. Historically, such activity has supported short-term price rallies.

Can WLFI hold its recovery?

Despite the rebound, WLFI’s broader market structure remained weak. For starters, the Relative Strength Index (RSI) stayed below the neutral level at 45.

The RSI has remained in this range for more than 30 days, suggesting bearish momentum continued to dominate. That left sellers with the upper hand.

WLFI RSIWLFI RSI
Source: TradingView

At the same time, WLFI traded below both short and long-term Moving Averages, reinforcing the prevailing downtrend.

Taken together, these indicators suggested bears still controlled the market. If weakness persists, WLFI could revisit $0.052.

However, if speculation continues to drive demand, WLFI may hold above $0.06. A sustained move higher could open the door to $0.065, with $0.07 acting as the next major resistance level.

Final Summary 

  • Binance campaign speculation appeared to be the main catalyst behind WLFI’s latest rebound.
  • Fresh derivatives activity suggested traders expected further upside despite the broader downtrend.



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Michael Saylor says Mnav is just one metric as Strategy dilution debate continues

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Michael Saylor says Mnav is just one metric as Strategy dilution debate continues

The debate over Strategy’s (MSTR) recent dilutive transaction resurfaced, this time featuring Strategy Executive Chairman Michael Saylor and Strike and Twenty One Capital (XXI) CEO Jack Mallers, on Wednesday at BTC Prague, as the two weighed in on how investors should assess the company’s increasingly complex capital structure.

Mallers asked Saylor how he defines multiple-to-net asset value (mNAV), noting that some investors include out-of-the-money securities in their calculations and asking whether he agrees with that approach. (Strategy currently has $6.7 billion of convertible debt that is out of the money, meaning the securities are not expected to convert into equity at the current $115 share price).

Mallers also challenged Saylor’s view on dilution, asking for an example of a dilutive transaction if issuing equity for cash is not considered dilutive.

Saylor responded that mNAV can be calculated by including the notional value of convertible debt, common equity and preferred equity. However, he argued that mNAV is only one valuation framework. Investors can also evaluate gross assets per share and net assets per share, which may exclude preferred equity or convertible debt from the calculation. According to Saylor, the distinction matters less when debt and preferred equity represent only a small portion of the company’s overall asset base.

On dilution, Saylor argued that issuing equity for cash is not inherently dilutive because shareholders receive a tangible asset in return, whether cash or bitcoin. He said raising capital strengthens the balance sheet, expands the capital base and improves creditworthiness. As an example, Saylor pointed to Strategy’s recent addition of approximately $100 million to its U.S. dollar reserves, bringing the total to roughly $1 billion.



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Baxter International (BAX) Faces Tough Road Ahead, Says Citi in Downgrade

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Baxter International (BAX) Faces Tough Road Ahead, Says Citi in Downgrade


With a TTM operating cash flow of $1.25 billion, Baxter International Inc. (NYSE:BAX) is included among the 12 Cash-Rich Stocks to Buy Right Now.

Baxter International (BAX) Faces Tough Road Ahead, Says Citi in Downgrade

On May 28, Citi analyst Joanne Wuensch downgraded Baxter International Inc. (NYSE:BAX) to Sell from Neutral. She lowered the price target on the stock to $17 from $19. In a research note, the analyst said the company faces a year that is weighted toward the second half and is still searching for a CFO. Citi also noted that valuations across the broader medical technology sector are “dipping into value territory,” which it believes offers investors more attractive opportunities than Baxter.

On May 4, Barclays raised its price recommendation on Baxter to $27 from $25. It reiterated an Overweight rating on the shares. The analyst said the company exceeded expectations at a time when many investors had anticipated a guidance cut. In a research note, Barclays described the results as a “respectable beat and reiterated outlook.”

Baxter International Inc. (NYSE:BAX) is a global medical technology company. Its operations are organized into three segments: Medical Products and Therapies, Healthcare Systems and Technologies, and Pharmaceuticals.

While we acknowledge the potential of BAX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Most Profitable Dividend Stocks to Invest In Now and 10 Best Dividend Stocks to Buy According to D. E. Shaw

Disclosure: None. Follow Insider Monkey on Google News.



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Yankees Make Trade Decision After Aaron Judge Injury Setback

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Yankees Make Trade Decision After Aaron Judge Injury Setback


The New York Yankees remain firmly in the American League playoff picture despite losing superstar Aaron Judge to the injured list.

The team recently took a series from the American League Central leading Cleveland Guardians, immediately after a brutal setback in Judge’s injury status indicated the franchise slugger would be sidelined with a fractured rib for a significant stretch.

“I’m very disappointed,” Judge said of the diagnosis, per MLB.com’s Bryan Hoch. “That’s why we went through every measure we could, to get every expert to take a look and see what was going on in there. It’s definitely not what you want to hear, a fracture or anything like that.”

ForbesCardinals’ 4-Year Veteran Cuts Ties With Division Rival After Short StintBy Peter Chawaga

New York Yankees Urged To Consider Aaron Judge Replacement Trade After Injury

Following that development, the Yankees indicated that Judge will be out for a month at the least, but it seems he could be recovering for even longer than that. And, as a result, the team has been urged to evaluate potential replacement options before the upcoming trade deadline.

“There’s really no good time to lose Aaron Judge, but for the Yankees, this is probably the time it hurts the least to endure an extended absence from the game’s most devastating offensive force,” ESPN’s Bradford Doolittle wrote. “If they do (make a trade), then it’s still about October, and for that part of the calendar, they might look at adding another righty bat, perhaps a third baseman and, certainly, some bullpen help.”

But even though it seems like a replacement on offense might be top-of-mind for the Yankees’ front office after losing Judge, the general manager has shared a different outlook.

ForbesDodgers Skipper Sends Michael Conforto Cut Message Amid Cubs TurnaroundBy Peter Chawaga

New York Yankees’ Brian Cashman Offers Trade Deadline Response After Aaron Judge Injury

Though Judge’s absence is significant, given both his production and his importance in the clubhouse, the team appears optimistic that he will return in the earlier part of his recovery timeline and that seems to have shaped a trade deadline decision.

“I don’t think (Judge’s injury will impact the trade deadline),” Yankees general manager Brian Cashman said, according to CBS Sports’ Julian McWilliams. “If we expect him back, which we do, then I don’t see why that would impact something for the deadline. So, we just have to be able to hold the fort and hold that spot nice and warm until he returns.”

Those comments suggest the Yankees still view Judge’s injury as a temporary obstacle rather than a truly season-altering event. The organization appears confident enough in both Judge’s eventual return and the current roster to continue operating under the same deadline blueprint that existed before the injury diagnosis.

For now, that confidence is well placed. But if the team endures a significant slide between now and the August trade deadline, Cashman could decide to pivot on his decision to stand pat in the slugger replacement market.



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‘No current users affected’ – Raydium responds after $1.34mln exploit

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‘No current users affected’ – Raydium responds after $1.34mln exploit


Another day, another exploit.

On the 10th of June, Solana-based decentralized exchange [DEX] Raydium discovered a coding flaw in its legacy AMM V3 program. The vulnerability allowed an attacker to drain funds from several deprecated liquidity pools.

For background, the AMM V3 was a program that Raydium ceased to use in 2021 and was no longer available via the SDK, user interface, or current dApp. By taking advantage of a flaw, an attacker took out roughly $1.34 million in cryptocurrency from five pools.

Pools and tokens compromised  

According to preliminary estimates, the attacker drained approximately 150,177 Raydium [RAY], 5,603 Solana [SOL], and nearly 893,700 USDC from the impacted pools.

This included RAY-SOL, USDC-RAY, and SRM-RAY, Sollet USDT-RAY, and Sollet ETH-RAY pairs. PeckShield also tracked down seven Ethereum [ETH] that were deposited to FixedFloat and 810 ETH to Tornado Cash. 

Deposited 810 ETH to TornadoCash
Source: PeckShieldAlert/X

Still, assuring the community, Raydium took to X and noted, 

No current users of Raydium are affected by this exploit or would have been able to interact with these pools through the UI since their deprecation.

What was the main cause behind this attack? 

Raydium claims that the flaw was caused by the legacy program’s inadequate validation of LP (liquidity provider) token mints.

That said, the attacker was able to produce a phony LP token because the contract did not sufficiently validate LP token mints. As a result, the exploiter withdrew money from the impacted pools and got around proportional ownership checks.

The problem, Raydium stressed, was limited to the deprecated AMM V3 codebase and was not caused by a compromised admin authority, private key, or protocol-wide security breach.

The current mainnet programs for the protocol now use a different architecture that protects them from this kind of attack by using virtual supply mechanisms and verifying LP mints.

Therefore, neither current liquidity pools nor active Raydium users were affected. The protocol also said that all losses resulting from the exploit will be fully reimbursed through Raydium’s treasury.

Along with that, a more thorough security review of all mainnet programs is also being conducted. 

Impact on price and more

Interestingly, despite the exploit, RAY’s price action was at $0.5815 following a 2.08% increase over the previous day. The 8% weekly drop and the 30% monthly drop, however, continue to raise concerns. 

This coincided with another exploit in which the attacker gained control of administrative bridge permissions, depleting 141 million H tokens on Ethereum.

Additionally, security researchers discovered that another exploiter withdrew approximately $1.5 million in WETH from an Ethereum balancer liquidity pool through a governance takeover attack.

Altogether, the total amount of money stolen in 2026 has risen to $795.3 million, with April seeing the most breaches.

Total value hacked in 2026Total value hacked in 2026
Source: DeFiLlama

Final Summary 

  • The wrongdoer drained approximately 150,177 RAY, 5,603 SOL, and nearly 893,700 USDC from the impacted pools.
  • RAY’s price still remained unaffected, spiking by over 2% in the past 24 hours. 



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BlackRock’s income-paying bitcoin ETF nears launch at a fee that undercuts rivals

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BlackRock's income-paying bitcoin ETF nears launch at a fee that undercuts rivals

BlackRock is close to launching a bitcoin fund that pays an income.

The world’s largest asset manager filed its fourth amendment for the iShares Bitcoin Premium Income ETF on Tuesday, according to its SEC filing. The fund will trade on Nasdaq under the ticker BITA.

The income comes from options. The fund holds bitcoin and shares of IBIT, BlackRock’s $47 billion spot bitcoin ETF. Each month it sells call options on those IBIT shares.

A call option gives the buyer the right to purchase the shares at a set price. The fund collects a fee, called a premium, for selling that right. That premium is the income it hands to investors.

As such, selling calls caps how much the fund gains if bitcoin rallies hard. Investors take steady income in exchange for giving up part of a big move. The fund plans to write calls on 25% to 35% of its value at a time.

The fee is the edge, however. BlackRock set the sponsor’s fee at 0.65%, which sits below the two largest covered-call bitcoin funds, YBTC and BTCI, which charge 0.95% and 0.99%, Bloomberg analyst Eric Balchunas said in a post on X.

Balchunas added he expects the fund to launch very soon, noting BlackRock is under pressure to beat Goldman Sachs to market, with Goldman’s own bitcoin fund due to go live around July 1.

BlackRock already has the strongest distribution base in the spot bitcoin ETF market. Its iShares Bitcoin Trust, IBIT, has become the flagship product of the sector, regularly drawing the largest inflows and often absorbing capital even when rival funds see redemptions.

IBIT and Fidelity’s FBTC have increasingly turned the U.S. spot bitcoin ETF market into a two-firm race, with smaller issuers often contributing little to daily flows.

The launch would be another step in turning bitcoin into an income product for mainstream investors. The filing shows the fund is already seeded and has started buying bitcoin and IBIT shares – a sign it is close to being ready.





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IAMGOLD (IAG) Increases Côté Gold Mine Mineral Resource Estimate by 12%

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IAMGOLD (IAG) Increases Côté Gold Mine Mineral Resource Estimate by 12%


IAMGOLD Corporation (NYSE:IAG) is one of the most profitable growth stocks to buy. On June 1, IAMGOLD announced an updated consolidated Mineral Resource estimate for the Côté Gold Mine in Ontario, Canada, reporting 20.3 million ounces of Measured and Indicated gold, a 12% increase from the end of 2025. This update integrates the Côté and Gosselin zones into a single geological framework, bolstered by recent drilling that successfully expanded resources in the connecting “saddle” area. The estimate utilizes updated economic assumptions, including a $2,500 per ounce gold price and a lower cut-off grade of 0.25 g/t Au, to better reflect current market conditions. Consequently, Inferred Mineral Resources also saw significant growth, rising 61% to 3.5 million ounces, further strengthening the project’s long-term geological profile.

IAMGOLD (IAG) Increases Côté Gold Mine Mineral Resource Estimate by 12%

Pixabay/Public Domain This consolidated model serves as a key milestone for the joint venture, which is currently preparing for a plant expansion and larger-scale mining scenario. The updated data will be foundational to the upcoming Côté Gold Technical Report and comprehensive mine plan, both of which remain on track for release in Q4 2026. IAMGOLD Corporation (NYSE:IAG) is a mining company engaged in the exploration, development, and production of gold. Its operations include producing assets such as the Essakane mine in Burkina Faso and the Westwood mine in Canada, alongside development projects like the Côté Gold project in Ontario. While we acknowledge the potential of IAG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.  Disclosure: None. Follow Insider Monkey on Google News.



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