DeFI News by Thebittimes.Com

The Trump family has quietly decreased its stake in the crypto platform World Liberty Financial (WLF) amid growing scrutiny of the Trumps’ crypto involvement. According to the June 19 report by Forbes, DT Marks DeFi LLC, an umbrella company that is controlled by the Trumps, held a 75% stake in WLF as of December 2024.  But WLF’s website said the company owned “approximately 60%” as of January. Then, the stake was reduced to 40% at some point after June 8, the report said.  It’s unclear whether the move was profitable for the Trump family. An Analysis by Forbes suggested the proceeds from this sale could amount to millions of dollars. World Liberty Financial Starts Issuing Stablecoin As GENIUS Act Progresses The Trump family is active in numerous crypto ventures. Most recently, their WLF company started issuing its USD1 stablecoin, a crypto pegged 1:1 to the US Dollar. This is as the landmark GENIUS Act progresses through the legislative p...

The crypto project backed by US President Donald Trump has acquired another multi-million-dollar batch of digital assets, on-chain data shows. According to blockchain tracking firm Lookonchain, World Liberty Financial (WLFI) bought about $2 million worth of Avalanche (AVAX) and Mantle (MNT). Avalanche is a layer-1 Ethereum (ETH) rival, while Mantle is a prominent Ethereum layer-2 scaling solution. However, Lookonchain notes that WLFI’s portfolio, which includes more than 11 crypto assets, is losing on every single token, down nearly $120 million in total. “Trump’s World Liberty [Financial] bought 103,911 AVAX ($2 million) and 2.45 million MNT ($2 million)… In total, World Liberty has spent $343 million on 11 different tokens – but every single one is in the red, with a total loss of $118 million!” Source: Lookonchain/X At time of writing, AVAX is trading at $18.35 while MNT is priced at $0.826. Besides privately accumulating digi...

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...

Ethereum (ETH) appears to have found a powerful ally in World Liberty Financial (WLFI), a decentralized finance (DeFi) platform reportedly linked to U.S. President Donald Trump. In a buying spree just hours before Trump’s inauguration ceremony, WLFI acquired $48 million worth of ETH, drawing renewed attention to the cryptocurrency. The acquisition comes at a critical time when Ethereum is striving to overcome a period of underperformance, potentially marking a significant turning point in its trajectory. Picks for you Jellyverse unveils jAssets Protocol for synthetic assets on Sei 21 mins ago Google searches for ‘ChatGPT’ are 20x higher than rival AI tools 2 hours ago ...