{"id":28719,"date":"2024-12-16T08:30:18","date_gmt":"2024-12-16T08:30:18","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=28719"},"modified":"2024-12-16T08:30:18","modified_gmt":"2024-12-16T08:30:18","slug":"trumps-world-liberty-financial-on-45m-crypto-buying-spree-adds-250k-in-ondo","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=28719","title":{"rendered":"Trump\u2019s World Liberty Financial On $45M Crypto Buying Spree, Adds $250K In ONDO"},"content":{"rendered":"

Donald Trump\u2019s crypto venture, World Liberty Financial, has brought its total crypto investments to nearly $45 million with a December buying spree. <\/span><\/p>\n

In the latest purchase, made on 15 December 2024, the firm acquired $250,000 worth of Ondo (ONDO).<\/span><\/p>\n

According to <\/span>data from Arkham Intelligence<\/span><\/a> and blockchain monitoring platform Lookonchain, World Liberty Financial\u2019s wallet has acquired <\/span>$30 million in Ether (ETH). <\/span><\/a>It also has $10 million in Coinbase Wrapped Bitcoin (cbBTC), along with a series of smaller purchases, since 30 November 2024.<\/span><\/p>\n

These include $2 million each in Chainlink (LINK) and Aave (AAVE), as well as $500,000 in Ethena (ENA) the day before the ONDO buy. The most recent transaction <\/span>takes its<\/span> total monthly crypto purchases to $44.75 million.<\/span><\/p>\n

EXPLORE:<\/span>\u00a0The 18 Best New Cryptocurrencies to Invest in 2024<\/span><\/a><\/strong><\/p>\n

World Liberty Struggles To Meet Funding Goals<\/span><\/h2>\n

World Liberty Financial, launched in September, promotes itself as a decentralized finance (DeFi) trading platform. Notably, President-elect Trump is listed as its \u201cchief crypto advocate.\u201d Meanwhile Trump\u2019s sons Donald Jr, Eric, and Barron are identified as \u201cambassadors.\u201d <\/span><\/p>\n

A company linked to the Trump family is entitled to 75% of the project\u2019s net revenues.<\/span><\/p>\n

Nicolai S\u00f8ndergaard, a research analyst at Nansen, told Bloomberg that these acquisitions could aim to \u201cgain additional trust or boost the project\u201d by spotlighting specific tokens. The strategy could attract investors and drive growth for World Liberty\u2019s platform.<\/span><\/p>\n

Trump’s World Liberty(@worldlibertyfi<\/a>) spent 250K $USDC<\/a> to buy 134,216 $ONDO<\/a> 2 hours ago.<\/p>\n

Since Nov 30, #WorldLiberty<\/a> has spent:<\/p>\n

30M $USDC<\/a> to buy 8,105 $ETH<\/a> at $3,701;
10M $USDC<\/a> to buy 103 $cbBTC<\/a> at $97,181;
2M $USDC<\/a> to buy 78,387 $LINK<\/a> at $25.5;
2M $USDC<\/a> to buy 6,137 $AAVE<\/a> at\u2026 pic.twitter.com\/0EVPCgMdMW<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) December 16, 2024<\/a><\/p>\n\n

Despite its aggressive buying spree, the project has struggled to meet its funding goals. <\/span><\/p>\n

World Liberty Financial aimed to sell $300 million worth of its native token, World Liberty Financial (WLFI). But, <\/span>so far<\/span> it has sold less than 25% of that amount.<\/span><\/p>\n

The project received a major lift last month when Tron blockchain founder Justin Sun purchased $30 million worth of WLFI tokens, becoming its largest investor. Sun was subsequently named an advisor to the project. <\/span><\/p>\n

On 13 December 2024, World Liberty Financial\u2019s influence expanded when AaveDAO, the decentralized governance body behind the DeFi protocol Aave. It approved the proposal to launch a custom instance of Aave\u2019s protocol. <\/span><\/p>\n

The initiative will allow users to borrow and lend assets such as Ether, Wrapped Bitcoin (WBTC), USD Coin (USDC), and Tether (USDT). The proposal also grants AaveDAO 20% of the fees generated on the platform, along with 7% of the total WLFI token supply, valued at $21 million.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>SEC Sues Crypto Mining Company Touzi Capital For $115 Million Fraud<\/span><\/a><\/strong><\/p>\n

Trump Appoints Crypto-Friendly Individuals To Key Positions<\/span><\/h2>\n

Trump recently proposed actions such as firing SEC Chair Gary Gensler and freeing Silk Road founder Ross Ulbricht.<\/span><\/p>\n

Additionally, Trump has\u00a0<\/span>appointed David Sachs<\/span><\/a>, a podcaster, as the \u201cCrypto Czar\u201d in his cabinet. He also pledged to make America the \u201ccrypto capital of the world\u201d through initiatives like World Liberty\u2019s lending and borrowing platform.<\/span><\/p>\n

Furthermore, he <\/span>selected Paul Atkins<\/span><\/a>, a crypto advocate and former SEC commissioner,\u00a0<\/span>as his\u00a0choice<\/span> to lead the SEC.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>17 Best Crypto to Buy Now in 2024<\/span><\/a><\/strong><\/p>\n

The post Trump\u2019s World Liberty Financial On $45M Crypto Buying Spree, Adds $250K In ONDO<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Donald Trump\u2019s crypto venture, World Liberty Financial, has brought its total crypto investments to nearly $45 million with a December buying spree. In the latest purchase, made on 15 December 2024, the firm acquired $250,000 worth of Ondo (ONDO). According to data from Arkham Intelligence and blockchain monitoring platform Lookonchain, World Liberty Financial\u2019s wallet has […]<\/p>\n","protected":false},"author":0,"featured_media":28720,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-28719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/28719"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28719"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/28719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/28720"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}