World Liberty Financial, the cryptocy project backed by Donald Trump, purchased over $10 million worth of ETH and other Ethereum tokens. The purchase was carried out by World Liberty Multisig wallet on December 12. Onchain data shared by Lookonchain shows that the multisig spent a total of 12 million USDC stablecoin to buy 2,631 ETH, 41,335 LINK and 3,357 AAVE.
Donald Trump and his family are contentiously boosting the project. It was launched in September as a money market that would allow users to borrow, lend, and earn interest on cryptocurrencies. With this purchase, the project’s total ETH holdings shot up to around 14,571 – worth over $56 million at the current market price. The World Liberty Financial team did not immediately give their clarification on these purchases.
The crypto market is entering the end of an era as CME Group officially launches 24/7 Bitcoin and…
Asset management giant VanEck has officially launched the first-ever U.S. spot ETF tied directly to BNB, the native…
Layer-1 blockchain Sui experienced another major network outage on May 28 after block production and transaction processing…
The Depository Trust & Clearing Corporation (DTCC) has announced plans to connect its tokenization infrastructure to the Stellar blockchain,…
Robinhood is officially entering the “agentic AI” era after unveiling a new beta feature that…
Bitcoin financial services company Fold has officially begun rolling out its long-awaited Bitcoin rewards credit card, allowing…