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.
Elon Musk's artificial intelligence company xAI has filed a federal lawsuit challenging Minnesota's landmark law banning AI-powered "nudification" technology, arguing…
Bitcoin climbed toward $65,000 as an unusual shift in traditional financial markets created one of the rarest conditions…
Hyperscale Data has sold 100 Bitcoin to accelerate development of its planned artificial intelligence campus in Michigan, sending shares…
A newly launched memecoin called PIPEDOG ($PIPEDOG) became the latest breakout token on Robinhood Chain, surging more than 140x within…
BNY, the world's largest custodian bank, is bringing one of its core financial businesses onto…
A bipartisan group of U.S. senators has reportedly reached a new compromise on the ethics provisions of…