DeFI News by Thebittimes.Com

World Liberty Financial, the decentralized finance (DeFi) project co-founded by US President Donald Trump, has started buying crypto again as the market recovers ahead of the first White House Crypto Summit tomorrow. In an X post earlier today, on-chain analytics platform Spot On Chain said that World Liberty Financial spent about $21.5 million buying Ethereum (ETH), Wrapped Bitcoin (WBTC) and Movement (MOVE) in the last 24 hours. World Liberty Financial Moves Millions Of USDC Ahead Of Crypto Buys On-chain data shows that World Liberty Financial bought 4,468 ETH at $2,238 per coin and 100.6 WBTC at $90,420 per coin, each transaction worth about $10 million. It also bought 3.42 million MOVE for about $1.5 million. Prior to the recent purchase, World Liberty Financial moved 25 million USD Coin (USDC) to a new multi-signature wallet. After the recent transactions, this wallet still holds 3.5 million USDC, leading to speculation of more purchases in the pipeline. Market Rebounds As...

Circle, the company behind one of the leading stablecoins, minted $250 million worth of USDC today, on February 7. Issued on Solana, the amount represents a US dollar inflow into the crypto ecosystem, hinting the bull market is back. As detailed by Whale Alert ( @whale_alert , on X), the mint occurred on Solana, costing 0.00031 SOL in fees. The receiver address was the pre-labeled USDC Treasury account, which currently has a $474.41 million balance, as per SolanaFM . USDC Treasury account | 3emsAVdmGKERbHjmGfQ6oZ1e35dkf5iYcS6U4CPKFVaa. Source: Whale Alert Interestingly, over $10 billion of the $55 billion capitalization of USDC was minted in the last 30 days. This represents a significant share of the available tokens, according to usdc.cool , who called the data “INCREDIBLE.” Picks for you Flare launches Flare Fair, a virtual DeFi fa...

Circle’s USDC is the world’s second largest US dollar stablecoin, currently with one-third of Tether’s USDT capitalization and circulating tokens. This scenario could soon shift as Circle announces a key partnership with the world’s largest crypto exchange, Binance. On December 11, Circle’s CEO, Jeremy Allaire, and Binance’s CEO, Richard Teng, announced the partnership at Abu Dhabi Finance Week. As communicated, Binance will adopt USDC for its US dollar corporate treasury and integrate USDC with its products and services. “Circle is without a doubt one of the most trusted and innovative companies in the digital asset ecosystem, and USDC is one of the preeminent products in the world. Through our strategic partnership, our users will have even more opportunities to use USDC on our platform, including more USDC trading pairs, special promotions on USDC across trading, and other products on Binance.” – Richard Teng, Binance CEO ...