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.
Stablecoin giant Tether has dramatically escalated its enforcement activity after blacklisting 370 blockchain addresses and freezing approximately $514.64 million worth…
Crypto exchange giant Coinbase experienced a major service outage that disrupted trading, transfers, and exchange operations after…
Cross-chain messaging protocol LayerZero has publicly apologized for its handling of the massive Kelp DAO exploitthat drained approximately $292…
Executives from PayPal and Google Cloud said the future of “agentic commerce” — where AI agents autonomously buy goods,…
Crypto exchange giant Kraken is making a major move deeper into the U.S. financial system after its…
A major national security scandal has erupted in Taiwan after prosecutors indicted a Taiwanese news…