ETH Holdings of Trump-Backed DeFi Project World Liberty Finance Soar
World Liberty Finance has more than doubled its ETH holdings in a week, according to Arkham Intelligence data. The analytics platform reports that the project’s ETH holdings have surged 180% over the past couple of days, from around 2,200 ETH on Monday to more than 7,000 by Thursday.
Arkham currently reports that Ethereum is World Liberty’s largest holding, with 7,094 ETH worth around $16.2 million.
TRUMP FAMILY’S CRYPTO PROJECT WORLD LIBERTY FINANCIAL IS STACKING $ETH!!
THEY NEARLY DOUBLED THEIR ETH HOLDINGS LAST WEEK! pic.twitter.com/MazaOdRtjc
— Kyle Chassé / DD (@kyle_chasse) March 5, 2025
World Liberty Holdings in Red
On March 6, Arkham alerted users that World Liberty Financial had just sent $25 million in USDC to a separate contract, which purchased $10 million in ETH, $10M in wrapped Bitcoin (WBTC), and $1.5 million in a token called MOVE.
ARKHAM ALERT: DONALD TRUMP’S PROJECT BUYING $25M OF $WBTC, $ETH and $MOVE
Donald Trump’s project, World Liberty Fi’s wallet just sent $25M USDC to a separate contract which purchased $10M ETH, $10M WBTC and $1.5M MOVE.
The contract then returned the assets to WLF’s main wallet. pic.twitter.com/Q1kDCx6rKv
— Arkham (@arkham) March 5, 2025
MOVE is the native token of the Movement Network, a venture capital-backed blockchain programming language that facilitates EVM (Ethereum Virtual Machine) compatibility. The token skyrocketed 26% over the past few hours as the Trump DeFi platform loaded up.
However, the nine tokens purchased by World Liberty are currently in a total loss of $89 million, reported Lookonchain on March 6. Much of this is due to the impact Trump’s trade tariffs have had on crypto markets.
In addition to ETH, WBTC, and USDT, World Liberty also holds 40 million Tron (TRX) tokens worth $10 million, 10 billion WhiteRock (WHITE) worth $3.4 million, and a handful of more obscure tokens such as ONDO, COLLE, GROK, and HOPPY.
Ethereum remains the industry standard for DeFi, with a 52.6% market share of total value locked, according to DeFiLlama. It has lost some ground to Solana recently, which has seen its DeFi market share increase to 8.4% with a TVL of $9 billion.
However, Solana took a massive hit recently as the meme coin bubble burst because the network was primarily used to mint and trade the tokens.
ETH Price Reaction
ETH has woken up over the past 12 hours, gaining just over 6% to reclaim $2,300 during Asian trading on Thursday.
Nevertheless, the asset fell to a 16-month low of just over $2,000 earlier this week when analysts warned of a huge collapse in ETH prices if the head and shoulders chart pattern breaks down.
Currently, ETH appears to have bounced off support and is edging higher though it remains down 16% over the past fortnight.
The post ETH Holdings of Trump-Backed DeFi Project World Liberty Finance Soar appeared first on CryptoPotato.
Read More
Belarus Plans Crypto Mining Expansion Amid U.S. Strategic Reserve Move
- Belarus is exploring Bitcoin mining, citing excess electricity and global demand for crypto reserves.
- President Lukashenko’s move is inspired by Trump’s proposal for a U.S. national crypto reserve.
- Belarus’ cheap energy and investor interest could make it a new hotspot for Bitcoin mining.
Belarus President Alexander Lukashenko has directed his government to assess the possibility of large-scale cryptocurrency mining using the country’s excess electricity. The Belarusian president’s comments come amid reports that the United States, under President Donald Trump, is considering a strategic national reserve for Bitcoin and other cryptocurrencies.
“If it is profitable for us, let’s do it. We have excess electricity. Let them make this cryptocurrency and so on,” Lukashenko told his newly appointed Energy Minister, Alexei Kushnarenko, according to Belarusian media outlet Belta.
Lukashenko emphasized that the global economy is shifting toward digital assets, citing the U.S. as a major driver. “You see the path the world is going. And especially the largest economy in the world. They announced yesterday that they will keep [crypto] in reserve,” he stated.
This move positions Belarus among many nations leveraging their energy surplus for cryptocurrency mining. El Salvador has already started mining Bitcoin using geothermal energy. Also, Bhutan operates over 100 megawatts (MW) of mining infrastructure, with plans to expand to 500MW
Trump’s Bitcoin Push Inspires Global Adoption
Donald Trump’s pro-Bitcoin stance is fueling global interest. With the White House Crypto Summit set for March 7, speculation is high. Trump’s Commerce Secretary, Howard Lutnick, hinted at a U.S. Bitcoin reserve, saying, “The President definitely thinks that there’s a Bitcoin strategic reserve.” The potential policy shift has drawn attention from crypto leaders and governments worldwide.
Eleanor Terrett of Fox Business confirmed that over 25 industry figures have been invited. Meanwhile, a separate invite-only reception is planned for those excluded from the summit. As Trump’s influence grows, nations like Belarus are now exploring Bitcoin mining.
Analysts believe the U.S. Bitcoin reserve could accelerate adoption. Crypto advocate Anthony Pompliano believes there is a 67% chance that Trump will create a national Bitcoin reserve.
Belarus’ Energy Advantage and Regulatory Considerations
Belarus has the lowest electricity costs in Europe, which makes Bitcoin mining possible and easier. The country ranks among the top three most affordable nations in terms of electricity prices.
The Ministry of Energy has reportedly held discussions with investors exploring mining opportunities in Belarus. Former Deputy Energy Minister Denis Moroz confirmed that several proposals are under review.
Despite the potential benefits, energy cost is a major factor to consider for substantial mining profitability in 2025, including hardware efficiency, market conditions and government policy. The industry’s margins have been squeezed due to Bitcoin’s halving cycles and regulatory pressures.
Environmental concerns also play a role. While some critics argue that Bitcoin mining increases carbon emissions, a recent study found that operations using surplus or renewable energy can reduce the environmental impact of power production. Crypto researcher Daniel Batten highlighted that Bitcoin mining could align with sustainability goals by utilizing wasted energy sources.
Highlighted Crypto for Today
Read More
