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Trump-linked WLFI’s Zak Folkman teases forex platform at Consensus Hong Kong

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Trump-linked WLFI's Zak Folkman teases forex platform at Consensus Hong Kong

, the Trump-family-linked crypto project, will soon launch a foreign exchange platform called World Swap, its co-founder, Zak Folkman, said on stage at Consensus Hong Kong.

The forex teaser adds to a growing list of products orbiting the project’s USD1 stablecoin as the project positions itself as a full-stack financial ecosystem, with further announcements expected at a Mar-a-Lago event later this month.

Speaking on stage, Folkman said the company’s goal is to abstract away much of the complexity associated with crypto wallets and cross-border transfers, allowing users to send and receive digital dollars in a manner similar to popular payment apps.

He framed the planned foreign exchange service as a direct challenge to traditional remittance providers that often charge fees ranging from 2% to 10% per transaction.

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The company’s broader strategy centers on USD1, a dollar-pegged stablecoin that Folkman said is backed by cash and cash equivalents.

Folkman also highlighted the launch of World Liberty Markets, a lending platform that has attracted hundreds of millions of dollars in deposits within weeks of going live, and partnerships with decentralized finance protocols to increase the token’s utility.

In late January, Crypto Twitter users had spotted AMG Software Solutions LLC, a Puerto Rico-based company that owns WLFI’s intellectual property, had registered trademarks related to World Swap.

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Crypto World

Paradigm Targets Pro Traders and Market Makers in Latest Prediction Markets Push

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Venture capital firm Paradigm is reportedly developing a prediction markets trading terminal aimed at professional traders and market makers, according to Fortune.

Paradigm partner Arjun Balaji is spearheading the effort, which sources say has been underway since the late 2025.

The venture capital firm has been one of the most active backers of Kalshi, a leading prediction market platform. The firm participated in three successive funding rounds for Kalshi in 2025. 

The prediction market platform recently raised more than $1 billion in a new round, pushing its valuation to $22 billion.

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“Matt Huang, the venture firm’s cofounder and managing partner, is on the startup’s board of directors. Paradigm’s development of a prediction markets trading terminal isn’t competitive with Kalshi’s platform, said a source,” the report read.

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Beyond the terminal, sources suggest that Paradigm has considered establishing an internal market-making desk. A separate source said the firm has also engaged researchers to explore the feasibility of creating prediction market indexes.

Meanwhile, Paradigm has started to collect prediction market data into a public dashboard. 

A Sector Gaining Institutional and Retail Momentum

Paradigm’s infrastructure push arrives at a time of rapid growth. Prediction market transactions surpassed a record high of 207 million in March, according to Dune data

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Monthly notional volume reached roughly $25.7 billion, up from $1.2 billion in early 2025. Meanwhile, major exchanges are also moving into the space. Binance is beta-testing an in-app prediction market feature inside its Wallet app.

Coinbase unveiled its prediction market offering through a partnership with Kalshi in January. Moreover, Crypto.com launched a standalone platform called OG.

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The post Paradigm Targets Pro Traders and Market Makers in Latest Prediction Markets Push appeared first on BeInCrypto.

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Trump Threatens to Hit Iran Extremely Hard in the Coming Weeks

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Trump Threatens to Hit Iran Extremely Hard in the Coming Weeks

Crude oil rose to over $100 a barrel while Bitcoin fell 2% after a national address by US President Donald Trump on the conflict in Iran, where he vowed to hit Iran “extremely hard” over the next few weeks. 

Speaking at the White House on Wednesday during an address to the nation, Trump said the US military is “very close” to finishing “Operation Epic Fury,” claiming to have wiped out Iran’s nuclear and naval capabilities while also significantly hampering its drones, missiles and weapon factories.

“I can say tonight that we are on track to complete all of America’s military objectives shortly. Very shortly, we are going to hit them extremely hard over the next 2 to 3 weeks.”

Stocks, crude oil, and crypto prices have been impacted by conflict in the Middle East over the last few months. Oil prices eased on Tuesday after Trump said the war would be wrapping up in the next few weeks, though his latest speech has seen it rise again. 

At the time of writing, the price of crude oil has spiked back above $100 per barrel to $103.59. Meanwhile, Bitcoin dipped by around 1% over the course of the speech and has since fallen further to $66,904, down 2% since the start of the speech.

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However, Trump also said discussions are ongoing. Both sides have made key demands for ending the conflict, with the US pushing for Iran to dismantle its nuclear programs, open up commercial shipping channels and stop regional support for proxy groups.

Iran wants a permanent end to the war, compensation for damages and an end to US military presence in the region, among other demands.

“The new group is less radical and much more reasonable. Yet, if during this period of time no deal is made, we have our eyes on key targets.”

Source: The White House

Trump says oil blockade will end soon

Conflict in the Middle East intensified in February after the US and Israel launched strikes against Iran. This ultimately saw Iran respond by leading a blockade of the Strait of Hormuz in a bid to cut oil supply on one of the world’s busiest shipping channels.

Related: Who is Kevin Warsh? Trump’s Fed pick wants ‘regime change’ at central bank

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The president claimed that the stock market will pick back up soon as the conflict begins to wind down, while gas prices will drop as he argued that Iran will remove the blockade “naturally” so that it can start rebuilding the economy.

“And in any event, when this conflict is over, the strait will open up naturally. It’ll just open up naturally. They’re going to want to be able to sell oil because that’s all they have to try and rebuild. It will resume flowing and the gas prices will rapidly come back down. Stock prices will rapidly go back up,” he said.

Magazine: A newbie’s guide to surviving crypto winter