institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

Trump-Backed World Liberty Likely Scooped Up $3.5 Million In Ethereum — Here's What On-Chain Data Shows

  • The Trump-backed World Liberty Financial reportedly purchased $3.5 million worth of Ethereum following a sharp increase in Ethereum's price on Thursday, May 8, 2025.
  • This acquisition followed the Ethereum rally and was unrelated to the concurrent surge of the Official Trump Coin, which also spiked on the same day amid a market-wide recovery.
  • World Liberty Financial, closely linked to the Trump family with Eric Trump on its board, manages decentralized finance projects and oversees substantial crypto trading volume through affiliated firms.
  • Specifically, the wallet bought 1,587 aEthWETH tokens equivalent to ETH used on the Aave platform, illustrating involvement in decentralized lending and borrowing, with Ethereum priced at $2,334.63 after a 20.63% rise in the last 24 hours.
  • This purchase highlights increased accumulation of Ethereum by Trump-affiliated entities amid broader crypto market gains and ongoing scrutiny over potential conflicts of interest involving the Trump family.
Insights by Ground AI
Does this summary seem wrong?

21 Articles

All
Left
2
Center
1
Right
2
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 40% of the sources lean Left, 40% of the sources lean Right
40% Right
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

crypto.news broke the news in on Thursday, May 8, 2025.
Sources are mostly out of (0)