{"id":633204,"date":"2025-03-06T08:16:50","date_gmt":"2025-03-06T08:16:50","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=633204"},"modified":"2025-03-06T08:28:32","modified_gmt":"2025-03-06T08:28:32","slug":"trump-familys-world-liberty-financial-socks-21-5m-to-buy-wbtc-eth-and-move-ahead-of-white-house-crypto-summit","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/trump-familys-world-liberty-financial-socks-21-5m-to-buy-wbtc-eth-and-move-ahead-of-white-house-crypto-summit","title":{"rendered":"Trump Family\u2019s World Liberty Financial Buys WBTC, ETH, MOVE Worth $21.5M Ahead Of White House Crypto Summit"},"content":{"rendered":"

World Liberty Financial, the decentralized finance (DeFi) project co-founded by US President Donald Trump, is buying the dip ahead of the first White House Crypto Summit tomorrow.<\/span><\/p>\n

In an X <\/span>post<\/span><\/a> 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.<\/span><\/p>\n

\"World<\/p>\n

World Liberty Financial Moves USDC Ahead Of Crypto Buys<\/span><\/h2>\n

On-chain data shows that <\/span>World Liberty Financial<\/span><\/a> 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.<\/span><\/p>\n

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.<\/span><\/p>\n

Market Recovers As Trump Prepares To Welcome Industry Execs To First White House Crypto Summit<\/span><\/h2>\n

World Liberty Financial’s purchases come as the broader crypto market rebounded over 4% in the last 24 hours, <\/span>CoinMarketCap data<\/span><\/a> shows. Bitcoin was able to erase its losses over the past week to reclaim the $90K support to trade at $91,714.33 as of 2:19 a.m. EST.<\/span><\/p>\n

The World Liberty buys also come as <\/span>Trump<\/span><\/a> prepares to welcome leading Web3 executives to the first White House Crypto Summit tomorrow. <\/span><\/p>\n

Industry leaders including Coinbase CEO Brian Armstrong, Chainlink co-founder Sergey Nazarov, Strategy Chairman Michael Saylor and others have already confirmed their attendance at the event.<\/span><\/p>\n

The event is expected to include over 25 participants, including members of the Presidential Working Group on Digital assets.<\/span><\/p>\n

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🚨SCOOP: As of this morning, the official invites for Friday’s White House Crypto Summit have yet to be sent out. <\/p>\n

The guest list, according to two sources close to the proceedings, will be smaller than previously anticipated and feature industry bigwigs like @saylor<\/a>. <\/p>\n

The…<\/p>\n

— Eleanor Terrett (@EleanorTerrett) March 4, 2025<\/a><\/p><\/blockquote>\n