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Japan’s Metaplanet has appointed Eric Trump to its Strategic Board of Advisors as it seeks to increase its bitcoin reserves from 3,200 BTC to 10,000 BTC by the end of 2025. CEO Simon Gerovich announced the appointment on March 21, and Metaplanet's stock rose 1.3% to US$27.80 following the news. Eric Trump, also an ambassador for World Liberty Financial, is expected to assist in expanding the company's cryptocurrency holdings.
World Liberty Financial, a decentralized finance project backed by the Trump family, has successfully completed its second public token sale, raising $250 million. Launched on September 16, 2024, the initiative aims to promote DeFi and stablecoins pegged to the US dollar, garnering a total of $550 million by selling 25% of its crypto assets.
World Liberty Financial, a decentralized finance project backed by the Trump family, has successfully completed its second public token sale, raising $250 million. Launched on September 16, 2024, the initiative aims to promote DeFi and stablecoins pegged to the US dollar, garnering a total of $550 million by selling 25% of its crypto assets.
Trump expressed optimism about the future of cryptocurrency, emphasizing the need for the U.S. to lead in this sector to counter global competitors like China. He highlighted the importance of producing abundant electricity to support the growing demand for Bitcoin mining, which incentivizes renewable energy development. His administration's appointments for key financial positions signal strong support for the blockchain industry.
Donald Trump’s DeFi project, World Liberty Financial, has spent nearly $45 million on crypto in December, including significant purchases of Ether and Coinbase Wrapped BTC. Despite struggling to sell its $300 million WLFI token, the project gained traction when Tron founder Justin Sun invested $30 million. Recently, AaveDAO approved World Liberty’s proposal to deploy its own version of the Aave protocol, allowing for borrowing and lending of various cryptocurrencies.
Donald Trump's DeFi project, World Liberty Financial, has spent nearly $45 million on crypto in December, including significant purchases of Ether and Coinbase Wrapped BTC. Despite struggling to sell its $300 million WLFI token, the project gained traction when Justin Sun invested $30 million and joined as an adviser. Recently, AaveDAO approved World Liberty's proposal to deploy its own version of the Aave protocol for borrowing and lending various cryptocurrencies.
A Donald Trump-linked crypto wallet has made headlines by investing $10 million in Chainlink (LINK), Ethereum (ETH), and Aave, signaling a potential shift in market dynamics. The wallet, associated with the Trump family's World Liberty Financial project, executed significant purchases, including 2,631 ETH and 41,335 LINK, raising speculation about future investments. While Trump's pro-crypto stance is evident, the extent of his personal involvement remains unclear, with insights suggesting influence from his sons, Barron and Eric.
MAGA supporters highlight a troubling trend of "debanking," where individuals and groups, including Barron Trump, certain Islamic charities in Britain, and the legal cannabis industry in America, have faced denial or loss of access to commercial banking services. This phenomenon raises concerns about financial inclusion and discrimination in lending practices.
Barron Trump
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Metaplanet appoints Eric Trump to strategic advisory board for bitcoin expansion
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