Donald Trump's Family Increases Crypto Activities via World Liberty Financial

user avatar

by Giorgi Kostiuk

2 years ago

A wallet believed to be connected to Donald Trump's family crypto venture, World Liberty Financial, has become active with significant transactions, according to Arkham Intelligence data.

Activation of World Liberty Financial's Crypto Wallet

According to Arkham Intelligence, the wallet exchanged 103.1493 WBTC for 3,075.198 ETH, valued at approximately $9.917 million. Additionally, another 16.6199 WBTC were converted into 1.7 million USDT via the Cow Protocol and subsequently transferred 11,917.635 ETH, worth about $38.396 million, to Coinbase Prime. Trump launched the crypto venture in mid-September as a decentralized finance initiative with the token WLFI, featuring his sons as Web3 ambassadors.

Investor Interest and Partnerships

A partnership with the platform Ethana Labs has allowed users to deposit USDe and earn rewards in both WLFI and staked synthetic dollar (sUSDe). Investor Justin Sun acquired WLFI tokens worth $30 million, making him the largest holder of these tokens. Furthermore, World Liberty Financial acquired ENA tokens, Ether, AAVE, ONDO, Chainlink, and cbBTC for about $30 million.

Impact on the Crypto Industry

The launch of World Liberty Financial is remarked as a sign of the rapid growth of blockchain technology. With Trump's new position as president, there is potential for policy changes supporting the crypto market in the U.S. Critics also express concerns about potential conflicts of interest and regulatory influence.

World Liberty Financial is engaging with various projects and interests within the crypto sector, remaining in the spotlight of the market, and sparking expectations for future reforms under Trump's leadership.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Zcash's Impressive Market Performance and ETF Launch

chest

Zcash has experienced a remarkable price increase, gaining over 2,300% in the past year, aided by the launch of Grayscale's Zcash ETF.

user avatarLucas Weissmann

Zcash Surpasses $1,000 Mark, Achieving New All-Time High

chest

Zcash's price broke above $1,000 for the first time in nearly a decade, marking a significant milestone in its market performance.

user avatarRajesh Kumar

Trezor Implements New Security Measures After Data Breach

chest

Trezor is enhancing security measures, including anonymous delivery options, in response to a data breach affecting 67,000 customers.

user avatarFilippo Romano

Data Breach Affects 67,000 Trezor Customers

chest

A data breach at shipping provider ShipMonk has exposed personal information of 67,000 Trezor customers in the US.

user avatarEmily Carter

BAI Establishes Global Settlement Layer for AI Agents to Enhance Collaboration

chest

BAI is building a global settlement layer to enhance collaboration and efficiency among AI agents across various workflows.

user avatarTomas Novak

BAI Launches Free Access to Premium AI Models, Surpassing 133 Trillion Daily Tokens

chest

BAI has launched free access to its premium AI models, leading to a significant increase in platform activity and user adoption.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.