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Jakarta, Pintu News—World Liberty Financial, led by former US President Donald Trump, has restarted buying activities in the crypto market. According to data from on-chain platform Spot On Chain, the fund has moved a total of $25 million USDC into a newly created multi-signature wallet.
These purchases include Bitcoin (BTC) and Ethereum (ETH), indicating renewed interest by institutional investors in major cryptocurrencies and altcoins.
Check out the full news below!
The Trump-led fund has bought Bitcoin (BTC) and Ethereum (ETH) and acquired Movement Network (MOVE) tokens.
This purchase, which totaled $21.5 million, included 4,468 Ethereum (ETH) for $10 million, 110.6 Wrapped Bitcoin (WBTC) for $10 million, and 3.42 million Movement (MOVE) tokens for $1.5 million.
This purchase demonstrates World Liberty Financial’s aggressive crypto asset diversification strategy.
The crypto market has shown a strong recovery after experiencing a sharp decline earlier in the week. In particular, Bitcoin (BTC) and Ethereum (ETH) have seen significant gains.
Crypto analyst Rekt Capital noted that weak hands have exited the market, while large investors seize the opportunity to buy at low points.
Although Bitcoin (BTC) has shown a promising rebound, there is still caution that the cryptocurrency is not completely safe from volatility.
Read also: Mike Collins Accepts Crypto Donations for Campaign, New Strategy in Politics?
Attention now turns to the first-ever Crypto Summit at the White House, which will be attended by US President Donald Trump and other industry leaders and CEOs.
Renowned experts, including Michael Saylor and Matt Huang, are scheduled to participate in this summit to encourage the development of progressive digital asset policies.
The summit is expected to be an important turning point in integrating crypto with national economic policies.
With the major steps taken by World Liberty Financial and Donald Trump’s presence at the Crypto Summit, the future of crypto seems to be increasingly integrated with economic and political policies. These investments show confidence in crypto as an asset of the future and a strategic tool in an ever-evolving global economy.
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