The crypto market experienced significant developments as futures bets worth $370 million were liquidated amid an unexpected rise in Bitcoin prices. Long-term Bitcoin holders began taking profits, while a notable $3,500 milestone for gold was reached. World Liberty Financial (WLFI), a Trump-affiliated DeFi project, proposed a buyback-and-burn program to instill confidence and shift its token narrative from oversupply to scarcity. Despite WLFI's market cap of $6.39 billion, its recent performance has declined by 24%. Meanwhile, trading activity in Bitcoin futures increased by over 1%, signaling fresh capital inflows, although overall market liquidity remains low. Concerns about downside pressures are evident through movements in options trading for Bitcoin and Ether. The DAO governance proposal to manage WLFI governance also faced scrutiny due to prior security issues. Overall, the market displays signs of volatility and skepticism among investors, as security hurdles and price instability test the viability of emerging projects like WLFI.

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