World Liberty Financial Applies for National Trust Bank Charter
World Liberty Financial has applied for a national trust bank charter to bring its stablecoin operations in-house, signaling a push for institutional adoption. Meanwhile, Upexi has outlined a new yield strategy for its massive corporate treasury, and Polymarket has secured a data partnership with Dow Jones. As regulatory efforts advance in Florida, the broader market faces headwinds with spot ETFs recording net outflows. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.WORLD LIBERTY FINANCIAL FILES FOR NATIONAL TRUST BANK CHARTER:, the Trump family-backed crypto project World Liberty Financial, issuer of the token of the same name (WLFI-USD), has submitted an application for a national trust bank charter with the Office of the Comptroller of the Currency. The charter would allow the firm to issue, custody, and convert its USD1stablecoin in-house, replacing its reliance on third-party providers. World Liberty CEO Zach Witkoff stated that the move is intended to create a "highly regulated," full-stack offering for institutional clients using the stablecoin for settlement and treasury operations.UPEXI IMPLEMENTS NEW YIELD STRATEGY FOR SOLANA TREASURY:, digital brand owner Upexiannounced plans to execute a new "high-return" yield strategy for its holdings of solana. The company disclosed that its treasury now holds over 2.17M tokens, an increase of 3.2% since October. Upexi CEO Allan Marshall noted that the transition aims to "materially increase total yield while maintaining a prudent risk profile" as the company continues its stock buyback program.DOW JONES PARTNERS WITH POLYMARKET FOR PREDICTION DATA:According to a press release,, a subsidiary of News Corp. The deal will integrate real-time prediction market data into Dow Jones' publications, including The Wall Street Journal, Barron's, and MarketWatch, providing investors with decentralized sentiment indicators alongside traditional financial news.RIPPLE PRESIDENT CONFIRMS NO IPO PLANS AMID GROWTH:, Ripple Labs President Monica Long confirmed that the payments company has no current plans for an initial public offering. Long emphasized that Ripple Labs, closely associated with XRP, is in a "really healthy position" financially following a recent $500M fundraise and does not need to access public markets to fund its growth. The executive noted that the company remains focused on scaling its business in the current regulatory environment.FLORIDA SENATE ADVANCES STRATEGIC BITCOIN RESERVE BILL:, Florida lawmakers are reviewing Senate Bill 1038, which proposes the creation of a "Florida Strategic Cryptocurrency Reserve." The legislation would authorize the state's CFO to allocate state funds into digital assets, specifically limiting eligible purchases to cryptocurrencies with a market capitalization exceeding $500B, a threshold currently met only by bitcoin.SPOT BITCOIN AND XRP ETFS SEE NET OUTFLOWS:shows that U.S. spot crypto ETFs experienced a shift in sentiment on Wednesday. Bitcoin funds recorded substantial net outflows of nearly $486M, while spot XRPETFs saw their first-ever net outflows of $40.8M, snapping a record 36-day streak of inflows. Analysts attribute the reversal to profit-taking following early-year rallies and a broader rebalancing of risk assets.PRICE ACTION:As of the time of writing, the price of bitcoinwas trading at approximately $90,449.99, while etherwas changing hands near $3,095.68,.
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Dow Inc. Q4 2025 Earnings Call Insights
- Operating EBITDA Performance: Dow Inc. reported an operating EBITDA of $741 million for Q4 2025, reflecting a sequential decline primarily due to lower seasonal demand and margin compression across multiple markets, demonstrating the company's resilience amid macroeconomic challenges.
- Transformation Program Launch: The company initiated the 'Transform to Outperform' program, aiming for at least $2 billion in near-term EBITDA improvement, with two-thirds expected from productivity gains and one-third from business growth, enhancing its competitive position in the market.
- Sales and Cost Control: The Packaging & Specialty Plastics segment achieved $4.7 billion in net sales with an operating EBIT of $215 million in Q4, highlighting the positive impact of global demand growth, while significant cost-saving measures implemented in the second half of the year improved profitability across all businesses.
- Future Outlook and Challenges: The company anticipates over $500 million in cost savings for 2026, despite facing short-term pressures from $75 million in lower equity earnings due to a Kuwait JV turnaround and $125 million from planned maintenance in Louisiana, with management maintaining cautious optimism regarding future cash flow and EBITDA.
US Stock Market Volatility Driven by Earnings Reports
- Tech Earnings Impact: The S&P 500 index fell 0.41% amid mixed earnings results from tech giants, with Microsoft sinking over 10% due to disappointing cloud growth, highlighting market sensitivity to tech performance.
- Oil Price Surge: WTI crude oil prices rose more than 4% to a 4.25-month high as President Trump called for negotiations with Iran on a nuclear deal, boosting energy producers' stock prices and reflecting geopolitical impacts on the energy market.
- Unemployment Claims Data: US weekly initial unemployment claims fell by 1,000 to 209,000, indicating a slightly weaker labor market, while continuing claims dropped to a six-month low of 1.827 million, suggesting relative strength in the labor market that may influence future economic policies.
- Widening Trade Deficit: The US trade deficit for November widened to $56.8 billion, exceeding expectations of $44 billion and marking the largest deficit in four months, potentially raising concerns about slowing economic growth.
