The past week witnessed significant events in the realm of digital assets, including Donald Trump's crypto profit disclosure and initiatives aimed at enhancing the stability of Cardano's DeFi ecosystem.
Trump Discloses Crypto Profits
World Liberty Financial reported that Donald Trump earned $57.4 million from cryptocurrencies last year. Additionally, his personal crypto holdings are estimated to range from $1 million to $5 million, not including his gold investments valued at $250,000 to $500,000.
New DeFi Initiatives from Cardano
Charles Hoskinson, the founder of Cardano, proposed to invest $100 million in ADA tokens from the Cardano Foundation's treasury to boost the DeFi sector. The informal plan involves purchasing assets including Bitcoin and Cardano-native stablecoins like USDM and USDA.
Investment Strategies and Partnerships
SharpLink Gaming acquired 176,270.69 Ethereum for approximately $463 million, making the company the second-largest institutional holder of Ethereum after the Ethereum Foundation. Furthermore, Tether acquired a 31.9% stake in a Canadian precious metals company. Additionally, Ant Group plans to apply for stablecoin issuer licenses in Hong Kong and Singapore.
This week in the world of digital assets was characterized by significant financial investments and new initiatives that highlight the growing interest in cryptocurrencies and the potential opportunities they offer.
