Trump’s World Liberty Financial acquired Ethereum (ETH), Aave, and Chainlink (LINK) for millions of dollars, causing a massive surge.
Trump’s World Liberty Financial has taken a dramatic move in the cryptocurrency market by considerably boosting its stakes in Ethereum (ETH), Aave (AAVE), and Chainlink (LINK). As a result, the price of ETH increased by 8%, Aave by 33%, and Chainlink by 30%. This smart purchase comes at a time when the cryptocurrency market is enjoying increased confidence, which might indicate additional bullish momentum for these coins.
World Liberty Financial bet on ETH, LINK and AAVE
Lookonchain stated on December 12th that Trump’s World Liberty Financial has dramatically increased its bitcoin stake. The company’s multisig wallet aggressively acquired Ethereum (ETH), Aave, and Chainlink (LINK), spending a total of $12 million in USDC, according to Etherscan. This move indicates that the firm’s stake on these key blockchain initiatives is expanding as it raises its cryptocurrency investments.
In detail, the wallet paid $10 million in USDC to purchase 2,631 ETH for $3,801. It also invested $1 million apiece to buy 41,335 Chainlink (LINK) at an average price of $24.2 and 3,357 AAVE at $297.8. This investment comes as ETH and other leading cryptos are seeing huge rises.
World Liberty Financial’s purchasing frenzy has sparked speculation about whether other institutional investors may follow suit. As more powerful investors, like the Trump family, adopt digital currencies, the prognosis for ETH and LINK improves. This might lead to more price increases, especially given these cryptocurrencies’ strong market performance.
Ethereum and Chainlink price performance
Ethereum (ETH) price rose by 8% to $3,940. Analysts predicted that Ethereum will rise above $5,000 in the near future, owing to its robust ecosystem and interoperability with a variety of decentralized apps.
Chainlink (LINK) also saw substantial gains, climbing 30% to $29.29. Chainlink pricing, as a major decentralized oracle network, continues to be a crucial foundation for blockchain applications. Analysts estimated that with further acceptance, Chainlink may reach $100 during the bull market cycle.
Similarly, the AAVE price increased by 33% in the previous 24 hours to $356. The price has risen by 150% in the last three months, indicating a rising interest in decentralized financing. As more users interacted with the protocol, novel features like as flash loans and collateral management received increased attention.
Bitget considers new Lithuanian regional hub for MiCA compliance
Bitget is contemplating establishing a new European regional hub to prepare for MiCA compliance. This hub will be located in Lithuania, and the exchange intends to hire professionals for compliance and operations.
Bitget prepares for MiCA
Bitget, a significant cryptocurrency exchange, is pursuing regulatory clearance in 15 countries and has licenses in seven EU countries. Bitget just joined the UK market and is exploring a return to the United States.
“Our vision for Europe goes beyond business expansion. [It] is at the forefront of the crypto revolution, and we are committed to contributing to its growing ecosystem of crypto startups. By establishing a hub in the [EU], we are demonstrating our strong commitment to uphold… standards of security and compliance,” said Hon Ng, Bitget’s Chief Legal Officer.
Markets in Crypto Assets (MiCA), a new EU crypto regulatory framework, will have a huge influence on the sector. Companies like as Revolut X are taking advantage of the chance to substantially expand their European operations, while others, such as Tether, are stepping back in expectation of regulatory issues. If Bitget can flourish under MiCA, the company might gain a competitive advantage.
This success, however, is not assured. For example, in late November, Japanese officials reprimanded the exchange for incorrect registration. Because other firms are significantly invested in this area, a comparable censure might hurt Bitget. A dedicated regional center might help relieve some of these worries.
In any case, Bitget’s BGB token reached a new all-time high today, and there are multiple signals of further upward momentum. The exchange has been generating positive press, and there are no strong indications of a probable fall in the near future.
Although the press statement employed noncommittal wording, a few sentences indicated that Bitget will actively comply with MiCA. For example, it said that “the company is actively preparing for” MiCA and taking “proactive steps” to comply. Whether or whether the Lithuanian regional center is completed, Bitget is taking the task seriously.
XRP news: Ripple transfers $915M in XRP, what’s happening?
XRP News: Ripple transferred 380 million XRP, worth $915 million, to an undisclosed wallet, stoking suspicion amid a price surge and anticipation for the RLUSD debut.
XRP News: Ripple’s latest big XRP transfer has prompted market speculation since the price of its native coin has risen significantly. The blockchain business has transferred 380 million XRP, valued more than $915 million, to a wallet, sparking speculation about the asset’s value. In addition, it comes just after the business got NYDFS clearance for its stablecoin RLUSD.
XRP news: Ripple moves $915M coins sparking speculations
In the latest XRP news, Ripple completed a huge transfer of its native coin, provoking market speculation. Whale Alert said that the blockchain business sent 380 million XRP, valued at $915.17 million, to an unknown wallet “rP4X2….sKxv3”.
Notably, the corporation has previously made similar transactions, fueling conjecture. While some view this movement as a selling move by the blockchain company, others believe it is an inside transfer. According to the XRPScan data, Ripple enabled the address (50).
Meanwhile, some additional significant XRP transactions have been reported recently, fueling market speculation. The same address sent 200 million XRP (about $485.37 million) to an unknown wallet “rJqiM…La8nE”. However, XRPScan revealed that this address is linked to a Ripple (50) account.
In addition, another transfer of 60 million tokens, worth around $145 million, was discovered between two unknown wallets, sparking speculation. It’s worth mentioning that both of these addresses appear on XRPScan’s “Top accounts by XRP balance” list.
Speculators soar amid RLUSD optimism
The transfers have sparked debate in the larger crypto sector, with several market participants seeking for the possible explanation for the move. However, it appears that the majority of the transfers were internal moves, which are unlikely to affect pricing.
Notably, Ripple has already conducted comparable internal transactions. Furthermore, despite recent transfers, market sentiment continued to remain robust, as indicated by the present price chart. As of writing, the XRP price was up more than 5% to 2.43, while the one-day trading volume had dropped 45% to $13 billion.
The cryptocurrency has reached a 24-hour high of $2.48, with monthly gains of 265%. Furthermore, CoinGlass data indicated that XRP Futures Open Interest increased 11%, demonstrating high market confidence in Ripple’s native cryptocurrency. Furthermore, a leading market analyst recently projected a crypto rise to $5 if it remains above a critical support level.
Meanwhile, the rise comes after Ripple Labs received NYDFS certification for its RLUSD stablecoin. The larger crypto community applauded the news, particularly in light of Donald Trump’s election victory and rising hope about pro-crypto policy in the United States.
