• Specs News
  • Posts
  • 9/17/24: Farokh Interviews Trump 🎙️🗽🤡

9/17/24: Farokh Interviews Trump 🎙️🗽🤡

Top News

  1. Trump discusses crypto and NFTs with Farokh on Twitter Spaces

  2. World Liberty Financial reveals platform details and $WLFI tokenomics

  3. Crypto KOL awards in Singapore feature people nobody’s heard of

Specs’ Insights

1. Trump discusses crypto and NFTs with Farokh on Twitter Spaces

⌐◪-◪ → Last night, fellow CryptoPunk and web3 influencer Farokh interviewed former President Donald Trump on Twitter Spaces. Before we dive in, join me in congratulating Farokh on the biggest interview of his life.

This interview was LONG (2.5hrs), so I’m breaking today’s insights into two parts: first, the opening segment with Trump, then the following segment with his sons + the World Liberty Financial team.

My biggest takeaways from the interview are as follows:

  • The mere fact this happened is a big deal. We have a former/future President talking about crypto/NFTs at length with crypto natives — a milestone for the space.

  • Trump credits both his kids and his successful NFT trading card sales for his evolving stance on crypto, signaling a shift from his previous views.

  • While Trump doesn’t come across as having a deep understanding of crypto, it’s clear he’s genuinely interested and committed — relying on strong advisors will be crucial moving forward.

My favorite quote of the night was probably when Trump said, “Barron knows so much about this… he’s got four wallets or something.”

One notable point was how removed Trump seemed from World Liberty Financial. While some might view this as a missed opportunity for deeper engagement, it also reflects a focus on his core priorities.

Meanwhile, here’s how the market reacted to both the interview and the second assassination attempt:

  • Trump memecoins fall

  • Trump polymarket odds unchanged

  • Trump.eth ENS domain sells for 48.4 ETH or $110,789

Hopefully, we see Kamala Harris do an interview with crypto natives soon. She has a real opportunity to demonstrate an understanding of why crypto matters and share how she plans to support the space.

2. World Liberty Financial reveals platform details and $WLFI tokenomics

⌐◪-◪ → The second portion of last night’s Twitter Spaces featured Farokh, Trump’s sons, and the World Liberty Financial team.

Before diving into details on World Liberty Financial, they had a casual chat about crypto, why it’s important, and the challenges the industry is facing today.

While I didn’t hear much new information here (mostly familiar talking points), I got the impression that Donald Junior and Eric Trump genuinely understand and care about the space. Now, do they understand and care about it the way we do? Probably not. But are they pushing other politicians to pay attention? Definitely.

As for what World Liberty Financial actually is, that’s still not entirely clear, but here’s what we learned from Trump’s sons and their team:

  • They’re not looking to reinvent the wheel; instead, they aim to take the best of DeFi and consolidate it into one platform.

  • Their focus is on practical goals, like delivering real yield to everyday users, with a strong emphasis on simple, intuitive UI/UX.

  • The overarching goal is to onboard as many people as possible and drive global dominance for the dollar through stablecoins.

  • There will be a non-transferable governance token ($WFLI) with a public sale to accredited investors only (see token allocation).

There’s still a lot we don’t know, and much of the project remains a mystery. While there are reasons to be cautious, there are also potential reasons for optimism. At the end of the day, talk is cheap, and actions speak louder than words. World Liberty’s success or failure will be recorded on-chain for everyone to see — forever.

3. Crypto KOL awards in Singapore feature people nobody’s heard of

⌐◪-◪ → While Farokh was interviewing Donald Trump, a group of KOLs — that nobody has ever heard of — won KOL awards in Singapore.

No, Farokh did not receive one.

It’s obvious these accounts bought their followers/likes; anyone with two brain cells could figure that out. But that didn’t stop the event organizers from giving them awards — super cringe.

Want to have a laugh? Check out this exchange — @0xmidjet DM’d one of them with a simple “hey” on Telegram, and this was the response.

If you ever wanted to know what Specs is NOT about, this is it. These characters and their behavior represent the anti-vision for this community.

Genuinely curious, does anyone recognize a single one of these KOLs?

Everything Else

⛓️ Crypto & DeFi

  • WalletConnect to airdrop 185M WCT with native token launch

  • Lens network to use Avail data availability solution for scalability

  • dYdX to launch perceptual futures on prediction markets

  • Bitcoin Magazine releases Financial Anarchist Manifesto

  • Ledger partners with Exodus on new crypto swap feature

  • Ether-Bitcoin ratio drops to lowest since April 2021

  • Ethereum network’s validator count at new all-time high

  • Helius launches new AI-based Solana blockchain explorer

  • EIGEN Season 2 airdrop is now open to claim

🏦 Wallstreet & VC

  • Michael Saylor MicroStrategy plans to raise $700M to buy more Bitcoin

  • 40 firms join Bank of International Settlements tokenization exploration

  • DeFi Technologies prepares for NASDAQ listing following BTC treasury play

  • Arthur Hayes family office awards grant to BTC core dev Rkrux

  • Bitcoin mining profitability remains at all-time low says JPMorgan

  • BitGo custody firm unveils token management service for foundations

  • Fermah raises $5.2M to create marketplace for ZK-proof generation

  • Pipe Network raises $10M for decentralized content hosting/delivery network

🏛️ Legal & Regulatory

  • Crypto Super PAC pours $7.8M into Senate races ahead of US election

  • Flyfish Club settles with SEC over NFTs, agrees to pay $750k

  • Former Celsius CEO seeks testimony from 6 witnesses as he faces 115 years

  • CZ to be released from prison on September 29th

  • Florida man hit with 47-year sentence over violent Bitcoin home invasions

🌎 Rest Of The World

  • Singapore DBS bank to launch BTC and crypto options for institutions

  • Bhutan reveals they own $780M BTC from mining operations

  • Norway shuts down Bitcoin mining facility, electricity bills surge 20%

🖼️ NFTs & Metaverse

  • Zynga relinquishes control of Sugartown, spins it out into new crypto studio

  • Flappy Bird returns as Telegram crypto game, original creator disavows

  • Memecoins struggle with only 4 coins in the last 2 weeks hitting $200k

  • Trump.eth ENS handle sells for 48.4 ETH ($110,789)

Join Specs Chat!

Designed to make you a better crypto investor, builder, and operator.

💬 Chat with Valko and other experts
📚 Access additional hand-curated resources
😊 Make friends, share memes, have fun