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World Liberty Financial (WLFI) has invested $2.5 million USDC in Ethereum through Cow Protocol, reinforcing its commitment to the DeFi sector. This investment is part of a broader strategy that includes a $45 million portfolio across various assets and the introduction of a tailored Aave v3 protocol, enhancing liquidity and user rewards. Notable figures like Justin Sun have also backed WLFI, which has raised over $72 million towards its $300 million goal.
The cryptocurrency market is experiencing significant declines, with Bitcoin dropping 11.25% and BNB, SUI, and TRX reflecting this bearish trend. BNB has launched the Osprey BNB Chain Trust to enhance U.S. accessibility, while SUI shows bullish momentum, trading at $4.12 after a 500% increase. TRX, despite a recent 8.43% decline, has gained 24.02% over the past month, bolstered by a $10 million acquisition by Bitget to improve blockchain access.
BVNK has raised $50 million in a Series B funding round to expand its stablecoin operations into the US, targeting San Francisco and New York City. Meanwhile, Coinbase faces a $1 billion lawsuit from BiT Global over its delisting of Wrapped Bitcoin, which BiT alleges is an anticompetitive move. Additionally, Deutsche Bank is developing a layer-2 blockchain on Ethereum to enhance compliance in regulated finance, while Tether's USDT continues to be traded across European exchanges despite Coinbase's delisting.
Coinbase has withdrawn support for Wrapped Bitcoin (wBTC) as Bitcoin's price drops below $100,000, citing that wBTC no longer meets its listing standards. The decision follows concerns over Justin Sun's involvement with wBTC, which Coinbase deemed an "unacceptable risk." Users can still access and withdraw their wBTC funds, but trading services have been disabled.
World Liberty Financial (WLFI), a new venture by Donald Trump, has made waves in the cryptocurrency sector by acquiring 722 ETH for approximately $2.5 million, boosting its total Ethereum holdings to about 15,598 tokens valued at $53 million. The project aims to democratize crypto loans, challenging traditional financial institutions, while also diversifying into other cryptocurrencies like Aave and Chainlink. With significant backing from TRON founder Justin Sun, WLFI is under scrutiny as it navigates a competitive DeFi landscape amid concerns over potential conflicts of interest.
Tron has achieved a significant milestone, recording the highest monthly transactions for three consecutive months, with volumes of 182 million, 167 million, and 135 million, despite a decline in TRX prices. The network's dominance in USDT transactions, accounting for 92% of all stablecoin remittances, highlights its appeal for fast and cost-effective payments. However, investor caution is evident as large withdrawals from the TRX ecosystem increase, raising concerns about future price stability amid ongoing bearish market sentiment.
Bitget has partnered with TRON, acquiring $10 million in TRX to enhance blockchain innovation and ecosystem growth. This collaboration aims to expand TRON's global reach, fostering advancements in decentralized finance (DeFi) and on-chain payment solutions. Bitget's CEO emphasized the partnership's alignment with their goal of engaging influential ecosystems, while TRON's Justin Sun expressed enthusiasm for empowering developers and broadening TRON's audience.
Donald Trump’s crypto initiative, World Liberty Financial, executed a $10 million swap of wrapped Bitcoin for tokens linked to adviser Justin Sun, founder of the TRON blockchain. Despite being marketed as a decentralized finance platform, it remains in early development stages, with sales falling significantly short of projections. The project has faced scrutiny following a controversial partnership involving Sun, leading to a lawsuit against Coinbase after the exchange sought to delist wrapped Bitcoin due to concerns over Sun's influence.
World Liberty Financial (WLFI), linked to Donald Trump, has swapped 102.9 cbBTC for 103.15 WBTC, reflecting strategic support from Justin Sun amid Coinbase's delisting of WBTC. This move, valued at $10.4 million, underscores WLFI's trust in WBTC's infrastructure and aligns with Sun's criticism of cbBTC's governance. With partnerships enhancing its operations, WLFI is poised for growth in the decentralized finance sector.
A federal judge in California has denied BiT Global's request to halt Coinbase's delisting of wrapped Bitcoin (wBTC), citing insufficient evidence of imminent harm. The ruling allows Coinbase to proceed with the delisting, which it justified due to concerns over ties to Justin Sun, who faces fraud charges from the SEC. Coinbase now has 30 days to respond to broader claims in BiT Global's lawsuit, which includes allegations of attempted monopolization.
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