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Crypto wallets connected to the Trump family-supported World Liberty Financial project purchased millions of dollars worth of various major tokens early Thursday, causing their prices to rocket. World Liberty Financial is a unified platform where users can borrow and lend cryptocurrencies, create liquidity pools and transact with stablecoins. WLFI serves as a governance token for the platform. President-elect Donald Trump is "chief crypto advocate" of the project. Two of his sons, Eric and Donald Trump Jr., are "web3 ambassadors," while Barron holds the title of "DeFi visionary." Data shows the project purchased $10 million in ether (ETH), and $1 million each in aave (AAVE) and Chainlink’s LINK tokens early Thursday. ETH prices surged 7% in Asian morning hours after the purchases, while AAVE and LINK prices surged 30% on the bullish sentiment. The wallet has additionally spent $30 million to buy 8,105 ETH at an average price of $3,700 in the past 12 days, per Spot on Chain . Well-followed crypto trader @TheFlowHorse speculated that the tokens were likely part of bigger plans in the coming months: “Trump’s account is buying the crypto pairs that are set to benefit heavily from his plans.” World Liberty Financial uses data provider Chainlink`s services for better integrating with the wider crypto ecosystem. Chainlink supports the platform by providing crucial pricing data and cross-chain interoperability infrastructure, per a November report. Last week, the platform’s DAO proposed deploying a World Liberty Financial Aave v3 instance. This instance will be managed through external risk managers, built on the existing Aave v3 infrastructure, and released on Ethereum. An instance refers to a specific deployment or version of a protocol, application, or service on a blockchain network. The vote has already met quorum ahead of its end date on Dec. 13, governance data shows , and key objectives include attracting first-time users to the platform as well as sharing a piece of revenues with those who provide liquidity.
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HTX’s Flexible Crypto Loans Goes Viral and May Spark a New Lending Trend in the Bull Market
Recently, with the sharp fluctuations in BTC and various altcoins, the crypto market’s bull run has accelerated. In a bull market, common strategies include holding long-term potential cryptos or taking advantage of high volatility for short-term trading profits. This often leads to a surge in DeFi activities, increased liquidity staking, and a more active lending market. Crypto users aim to maximize their funds and profits. Against this backdrop, HTX’s newly launched Flexible Crypto Loans has gained popularity and is poised to spark a lending trend in the bull market. Crypto Loans: A Powerful Tool to Unlock Asset Liquidity HTX’s Crypto Loans is a flexible financial loan product that lets users pledge digital assets to borrow other cryptos such as USDT, BTC, and ETH, for various funding needs. For example, a user anticipating a token’s price can pledge BTC to borrow USDT for investment without selling their holdings. If the token’s price rises as expected, they can sell, and repay the loan and their BTC. HTX launched its highly-anticipated Flexible Crypto Loans, adding to its suite of fixed-term products. This new offering allows fee-free, flexible borrowing and repayment, making it an ideal tool for efficient fund utilization. Impressive Data: Growth in Both Scale and User Base With ultra-low interest rates, flexible terms, and a great user experience, HTX’s Flexible Crypto Loans has seen significant growth in both user base and lending volume. In less than 10 days, the lending volume exceeded 30 million USDT. Compared to before the launch, HTX’s overall lending volume has quintupled, and the number of borrowers has tripled. This achievement demonstrates users’ trust in HTX’s products and indicates growing market acceptance of the Crypto Loans model. Prize Pool Doubles and Ultra-Low Interest Rates Continue for an Upgraded User Experience HTX has launched the second phase of the “Borrow & Earn” event. From December 12 02:00 (UTC) to December 18 15:59 (UTC), users who borrow USDT via Flexible Crypto Loans can share a 5.4 billion $HTX prize pool. The first phase offered a 2.7billion $HTX prize pool, and this phase doubles that. HTX’s Flexible Crypto Loans remains committed to low interest rates, helping users to maximize returns with affordable borrowing. This highlights the popularity of Crypto Loans and HTX’s commitment to offering Flexible Crypto Loans. HTX plans to introduce more promotions and innovative features to enhance user experience. If the lending volume for Flexible Crypto Loans reaches 50 million USDT by the end of the second phase, the next phase’s prize pool will double to 10.8 billion $HTX. About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services. Our growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, underpins our commitment to providing quality services and values to virtual asset enthusiasts worldwide. Contact Details Ruder Finn Asia htx@ruderfinn.com Company Website https://www.htx.com The post HTX’s Flexible Crypto Loans Goes Viral and May Spark a New Lending Trend in the Bull Market first appeared on HTX Square . CoinDesk
