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More than two hours into Republican former President Donald Trump‘s “state of crypto” event on X Monday night, the team behind the Trump family’s new crypto project finally unveiled a key detail: Who can buy the forthcoming tokens it plans to release, and how shares of the project will be allotted.

For over a month, the former president and his family have been pumping up a project called World Liberty Financial, promising that it will do many things at once.

Lofty descriptions from those involved Monday night suggest that “World Liberty Financial” will be a sort of crypto banking platform, where the general public would be encouraged to borrow, lend and invest in crypto.

There will also be an accompanying token called WLFI, founders said Monday.

According to founder Zak Folkman, the equity structure for these tokens will be: 20% of the project’s tokens allotted to the founding team, which includes the Trumps, 17% of tokens set aside for user rewards, and the remaining 63% of the coins to be made available for the public to purchase.

There will be no pre-sales or early buy ins, Folkman said.

An earlier leaked draft of an internal project outline had the founders’ share at 70%, sparking concerns that the project would be little more than a get-rich-quick scheme.

The token will be a Reg D token offering, which follows the Securities and Exchange Commission’s Regulation D — a provision that makes it possible for a company to raise capital without first registering their securities with the commission so long as certain conditions are met.

These were themes Trump covered in a conversation early in the more than two hour call, talking about the perceived hostility of the Securities and Exchange Commission towards the digital currency industry.

Several high profile figures in the industry take issue with SEC Chair Gary Gensler, claiming that he is regulating the industry through enforcement actions, rather than with rules.

Over the course of Trump’s 40-minute fireside chat, he talked about how he “wasn’t overly interested” in crypto initially. But that changed, he said, when sales of his Trump trademarked nonfungible token collections were paid for with crypto. “I think my children opened my eyes more than anything else.”

Monday’s event came at an unprecedented moment for Trump’s presidential campaign.

On Sunday afternoon at Trump International Golf Club in West Palm Beach, Florida, Trump and his longtime friend and political donor, Steve Witkoff, were between the fifth and sixth holes on the course when gunshots were fired. The FBI has characterized the incident as an apparent assassination attempt on the former president.

Witkoff is a longtime friend of Trump’s. He’s also part of the small group of World Liberty Financial founders, according to an internal report on the project obtained by CoinDesk.

Witkoff was seated to Trump’s right during Monday night’s spaces, and described how he brought the Trump family together two crypto entrepreneurs.

“My son introduced me to two partners, Chase Herro and Zak Folkman, who are exceptionally bright people …These guys are as smart as any currency traders I’ve ever met. And they began talking to me about decentralized finance, which means frictionless finance, and why it made sense for people and about the forgotten, who can’t get credit out there,” he said.

“As I began to understand that, I said, ‘Who would understand this better than this than the Trump family?’ And we had a meeting initially with Eric, Don Jr, and the president and his counsel. And we said, Let’s go pursue it. We’ve been on it for close to nine months,” said Witkoff.

Along with Trump, Witkoff is one of at least a half dozen members of the project’s “leadership team.”

As Witkoff spoke, the parallels with Trump’s other venture, Trump Media Technology Group, were unavoidable.

In that case, two former cast members on Trump’s NBC hit “The Apprentice” approached Trump in 2021 with an idea for a new, conservative social network. Three years later, TMTG’s stock has boosted Trump’s net worth by billions of dollars, and Truth Social is his platform of choice.

Alongside Trump and Witkoff, founders include Donald Trump Jr., Eric Trump and Barron Trump, as well as Witkoff’s son, Zach Witkoff, according to a person briefed by a member of the group’s founding team.

A copy of an early internal report, known as a white paper and obtained by CoinDesk, listed Barron as “Chief DeFi Visionary,” Eric and Donald Jr. as “Web3 Ambassadors,” and Trump Sr. as “Chief Crypto Advocate.”

But while the Trumps will receive compensation from the project, Bloomberg reports that the platform itself is “not owned, managed, operated or sold” by members of the Trump family.

Witkoff, a real estate investor, and Eric Trump, executive vice president of the Trump Organization, are the two people calling the shots at World Liberty Financial, according to a person familiar with the project. Both are new to the crypto industry.

CNBC reached out to Eric Trump and Witkoff to ask about their leadership roles within World Liberty, and didn’t immediately receive a reply.

Until Monday, much of what the public knew of World Liberty was based on interviews Trump’s sons had given to the press over the past month, as well as the leaked white paper that served as a sort of crypto project manifesto, and conversations with people familiar with the project.

Anyone who wanted material details of the platform, including the white paper, was being asked to sign a non-disclosure agreement, according to a person familiar with the project

Some visible members of the industry newly cozied up to Trump in 2024, lending their cash and endorsement to the Republican presidential nominee, as he adopted increasingly bullish talking points on the campaign trail, which culminated in the GOP pick delivering a keynote address at the biggest bitcoin event of the year in Nashville in July.

Some of those supporters however, say they are concerned that this foray into crypto could jeopardize Trump’s rapport with the sector more broadly if the launch doesn’t go as planned.

A person familiar with the project says that Donald Trump, Sr. isn’t that involved in the platform thus far.

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Los Angeles’ power supply is now officially coal-free

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Los Angeles' power supply is now officially coal-free

Los Angeles has officially cut ties with coal. City officials say the Intermountain Power Project (IPP) in Utah – the last coal-fired power plant supplying the US’s second-largest city – went offline just before Thanksgiving.

IPP’s two massive units had a combined capacity of around 1,800 megawatts (MW) when fully operational, and as recently as 2024, they still supplied around 11% of LA’s electricity. The plant sits in Utah’s Great Basin region and powered Southern California for decades. Now, for the first time, none of LA’s power comes from coal.

There’s a political hiccup with IPP, though: the Republican-controlled Utah Legislature blocked the Intermountain Power Agency from fully retiring the coal units this year, ordering that they can’t be disconnected or decommissioned. But despite that mandate, no buyers have stepped forward to keep the outdated coal units online.

The Los Angeles Department of Water and Power (LADWP) is transitioning to newly built, hydrogen-capable generating units at the same IPP location, part of a modernization effort called IPP Renewed. These new units currently run on natural gas, but they’re designed to burn a blend of natural gas and up to 30% green hydrogen, and eventually 100% green hydrogen. LADWP plans to start adding green hydrogen to the fuel mix in 2026.

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“L.A.’s coal divestment is not just about discontinuing the use of coal to power our city – it’s about building a clean energy economy that benefits every Angeleno. This milestone will further accelerate our transition to 100 percent clean energy by 2035,” said Mayor Karen Bass.

To reach that goal, LA is investing heavily in solar, wind, battery storage, and local programs that expand rooftop solar and energy efficiency.

One of the city’s biggest milestones was reached in August with the completion of the Eland Solar-plus-Storage Center – a massive project that pairs 758 megawatts of solar with 300 MW/1,200 MWh of battery storage. It’s one of the largest solar-plus-storage plants in the country, capable of powering more than 260,000 Los Angeles households. Bringing Eland online helped push LADWP’s power supply past 60% clean energy in 2025.

Read more: In a first, renewables generate more power than coal globally


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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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Kia’s small EV drops its camo, plus a sneak peek at the interior [Video]

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Kia's small EV drops its camo, plus a sneak peek at the interior [Video]

Kia’s most affordable electric SUV will be here in just over a month. Ahead of its debut, the EV2 was spotted with light camo, offering our best look yet.

Kia EV2 looks more like an SUV with less camo

Just days after Kia confirmed the EV2 will debut at the Brussels Motor Show on January 9, 2026, the small electric SUV was spotted in Europe with barely any camo.

The EV2 is a fully electric B-segment SUV set to be Kia’s new entry-level EV. It will sit below the EV3, which is already the UK’s most popular retail electric vehicle and among the top-sellers in Europe.

“With the EV2, we reaffirm our commitment to make electric mobility truly accessible to a broader audience,” Kia Europe president and CEO, Marc Hedrich, said earlier this month.

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Despite its compact size, the EV2 looks and feels much bigger in person. It has a similar high-riding, blocky design as Kia’s latest electric SUVs, such as the EV5 and three-row EV9.

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Kia EV2 teaser (Source: Kia)

In the teaser images Kia posted a few days ago, the EV2 was shown under a drape with a design that looked nearly identical to the EV2 Concept from earlier this year.

Now, we can finally confirm it. The Kia EV2 was recently spotted in Europe in light camo, rocking a tall, SUV-like stance. The latest image from KindelAuto gives us a solid look at its profile, which still resembles a mini EV5 or EV9.

Kia will begin EV2 production alongside the EV4 hatch at its Zilina, Slovakia, plant shortly after its debut at the Brussels Motor Show next month, ramping up output throughout 2026.

Although Kia has yet to reveal specifics, the EV2 is expected to be about 4,000 mm (157″) long, or slightly smaller than the EV3 at 4,300 mm (169.3″). It will be closer in size to the Hyundai Inster EV.

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The Kia Concept EV2 at IAA Mobility 2025 in Munich (Source: Kia)

Prices are expected to start at around €30,000 ($35,000) in Europe, given that the EV3 starts at about €36,000 ($42,000).

A new video from HealerTV offers a glimpse of the interior. Although the EV2 concept included sliding benches, detachable seats, cushions, and other innovative features to unlock more space, the interior looks more like Kia’s latest EVs, such as the EV3, EV4, and EV5.

You can see it has a standard armrest and a separate storage spot, similar to the EV5. The door handles are about the same as those in the EV3 and EV4.

Although it’s just a preview since the windows were covered, the second row looks about the same as the EV3. The reporter mentioned a “family look” similar to Kia’s other electric vehicles.

The compact electric SUV is expected to ride on Hyundai’s E-GMP platform, with similar battery pack options as the EV3. The EV3 is available with 58.3 kWh and 81.4 kWh battery options, delivering a WLTP range of 410 km (255 miles) and 560 km (348 miles), respectively.

The EV2 will debut at the Brussels Motor Show on January 9, 2026. Kia will hold a press conference at 10:40 am CET to introduce the new entry-level EV. Check back for updates leading up to the event.

For those in the US, sadly, the EV2 is not expected to make the trip overseas. However, Kia is offering generous discounts of over $10,000 off its current EV lineup.

Interested in a test drive? We can help you get started. You can use the links below to find Kia’s electric vehicles near you.

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Nissan is shopping for partners to build EVs, with one major caveat

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Nissan is shopping for partners to build EVs, with one major caveat

Nissan is looking for a partner to co-develop new EVs with as it struggles to turn things around, but only on one condition.

Nissan is still looking for EV partners

After its plans with Honda fell through earlier this year, Nissan is still hoping to find a partnership to build next-generation EVs.

As part of its recovery plan, Re:Nissan, the automaker has already announced significant job cuts, factory closures, and other extreme measures to cut costs as it looks to return to profitability.

Nissan has been actively seeking new partnerships, but it won’t settle for “just a transaction.” Speaking to Automotive News at an event earlier this month, Ponz Pandikuthira, chief product and planning officer for Nissan Americas, said that although it was open to partnering, it would have to be a two-way street.

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“We would not engage with a partner just to buy a vehicle, or platform, or piece of tech,” Pandikuthira said, adding, “That’s what makes it a long-term commitment instead of just a transaction.”

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The 2026 Nissan Rogue PHEV (Source: Nissan)

Pandikuthira suggested Nissan is already in talks with several potential partners, including Honda and Mitsubishi. Sources told Automotive News in October that Nissan was in discussions with Ford and Stellantis to supply a new electrified SUV based on the Rogue.

The sources claimed the electrified Rogue would use Nissan’s new e-POWER hybrid system. According to Pandikuthira, Nissan could also use the next-gen Frontier platform, set to underpin the new Pathfinder.

Nissan-EV-partners
The new 2026 Nissan LEAF (Source: Nissan)

So what would the partnership look like? The product and planning boss said it could involve automakers either buying the technology or Nissan building rebadged vehicles, but the partner would still need to use its tech. It would be a two-way commitment, not just a transaction.

Either way, Nissan will need to move quickly. It already cut the Ariya electric SUV from its 2026 lineup in the US, and is reportedly struggling to sell the new LEAF.

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2025 Nissan Ariya Platinum+ e-4ORCE (Source: Nissan)

We know we need economies of scale for an EV, and we would be open to a discussion with another partner to jointly develop an EV,” Pandikuthira stressed. That could involve a family of SUVs, Nissan’s product boss suggested.

Electrek’s Take

Starting at $29,990 with over 300 miles of range, Nissan says the 2026 LEAF has “the lowest starting MSRP for any new EV currently on sale in the US.” If it’s already having a tough time selling the low-cost LEAF EV, it could be a long road ahead for Nissan.

Like Hyundai and General Motors, which announced plans to co-develop five new vehicles, combining resources with a new partnership could help Nissan reduce development costs, leverage new tech, and achieve economies of scale.

What are your thoughts on a Nissan EV partnership? Which company would be the best fit? Let us know your thoughts in the comments.

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