Ethereum News: WLFI Triples Ethereum Holdings with $10M Purchase Amid Market Decline

In a surprising move, Donald Trump’s DeFi platform, World Liberty Financial (WLFI), has demonstrated its commitment to Ethereum (ETH) by tripling its holdings despite the market drop. Here’s a closer look at this significant development.

Donald Trump’s WLFI Buys $10M Worth Of Ethereum Amid Market Drop

Donald Trump’s DeFi platform, World Liberty Financial (WLFI), has made a massive purchase by tripling its Ethereum (ETH) holdings, even as prices dropped below $2,000. According to on-chain data from Lookonchain, WLFI recently transferred $25 million USDC into a newly created multi-signature wallet, signaling its intent to expand its crypto portfolio. The fund executed a major purchase of 4,468 ETH for $10 million at an average price of $2,238 per ETH, showing confidence in the long-term growth of crypto despite the market crash.

Will This Proposal Block Crypto Laundering On THORChain After Bybit Hack?

In 2024, rug pulls and DeFi exploits dominated headlines. In February 2025, North Korean hackers stole 500,000 ETH worth over $1.4 billion from Bybit. A significant portion of the stolen funds was laundered through decentralized platforms, with THORChain emerging as the hackers’ favorite. This heist is one of the largest in crypto history, raising concerns about the robustness of centralized exchanges.

Ethereum’s Large Purchase Signals Market Rebound

Ethereum’s (ETH) market remains volatile, with major price fluctuations and institutional activities influencing sentiment. The recent purchase of 17,855.3 ETH by “7 Siblings” for $36.68 million has raised speculation about a potential market rebound or a strategic move to manipulate prices. This entity already holds over 1.169 million ETH, valued at $2.53 billion, signaling substantial institutional involvement.

’Eve Frontier’ Recruits Central Bank Economist to Develop Ethereum Game’s Virtual Economy

Eve Online creator CCP Games has appointed Stefán Þórarinsson, a former economist at the Central Bank of Iceland, as its new Head of Economy. In this role, Þórarinsson will conduct experiments to develop the virtual economy of Eve Frontier, a blockchain-based survival game. He believes there are no significant differences between working with real-world economies and virtual ones, but lacks research and data on virtual and blockchain-backed economies. His first experiment will focus on recording and observing how the world of Eve Frontier’s economy functions.