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Trump Family Partners Respond to Allegations of Binance Partnership with Cryptocurrency Project

WLFI, a cryptocurrency project with ties to the Trump family, has responded to recent reports from The Wall Street Journal and Bloomberg, calling them “unfounded” and “politically motivated.” The project released a statement criticizing what it described as “agenda-driven journalism” aimed at harming the cryptocurrency industry. The discussion follows a Bloomberg report claiming that WLFI, referred to as World Liberty Financial, was in talks with Binance over a potential collaboration. The talks reportedly include the possibility of developing a stablecoin backed by the US dollar. However, the extent of these negotiations and whether any formal agreements have been reached remain unclear. WLFI has positioned itself as a decentralized finance (DeFi) startup with a mission to democratize the financial system. “To get the facts straight: WLF is a DeFi project with a monumental mission to build and democratize a new financial system for the benefit of millions. It’s that simple,” the statement said. Related News: Anticipated Altcoin Token Unlocking Hits Huge Token Unlock, Tokens Go Into Circulation - Here`s the Initial Price Reaction The project also emphasized collaborations within the blockchain industry: “We are proud to partner with many of the leading protocols and organizations that are advancing the blockchain industry. For anyone interested in the facts, we encourage you to ignore the clickbait and look beyond the sensational headlines. Instead, expect to hear directly from us for important updates on what we are building.” Regarding the issue, it was reported that Binance’s former CEO Changpeng Zhao (CZ) met with Steve Witkoff, one of the founders of World Liberty and known for his closeness to Trump, three months after leaving the rehabilitation center. The meeting allegedly took place at the Bitcoin MENA 2024 conference in Abu Dhabi. CZ denied this information in his statement. *This is not investment advice. Continue Reading: Trump Family Partners Respond to Allegations of Binance Partnership with Cryptocurrency Project CoinOtag

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Bitcoin Price Targets $90,000 as BTC Whales Go on Accumulation Spree

Bitcoin’s price recovered from a massive drop to a four-month low earlier this week and sits about seven grand higher now. Analysts believe that it could continue climbing and reach $90,000 as long as it remains above the $84,000 support level, which is being tested now. Whales Buying, BTC Rising Large BTC wallets, typically referred to as whales or sharks, are crucial to the asset’s price movements due to their ability to purchase or offload massive portions in a rather short timeframe that could impact the entire market. After months of accumulating before and during the run toward $110,000, they changed their stance in early February following Trump’s tariffs against several countries. Inevitably, BTC’s price tumbled, and its most recent bottom came earlier this week with a drop below $77,000 – a four-month low. During this correction, though, whales and sharks reversed their strategy once again and began accumulating more of the asset. The last few days of the business week saw another buying spree, with more than 20,000 BTC going into their wallets, according to Ali Martinez, who cited data from Santiment. In terms of USD value, this stash is worth close to $1.7 billion. Whales have bought over 20,000 #Bitcoin $BTC in the last 48 hours! pic.twitter.com/5e6eLvYEiN — Ali (@ali_charts) March 14, 2025 The popular analyst told his 130,000 followers on X that bitcoin could surge to $90,000 as long as the $84,000 support, which is being tested as of press time, holds. Leveraged Run? Although whales purchasing substantial portions of BTC within a few days could indeed impact bitcoin’s price, as well as the entire market, which has jumped since Thursday, CryptoQuant’s Maartunn outlined another possible reason behind the relief rally. He noted that the Bitcoin Open Interest had increased by about 13% from the recent lows and is close to $28 billion now. Consequently, he warned that this surge could be driven by a large number of leveraged positions, which is a double-edged sword. In case of a rapid BTC price crash, those leveraged longs could result in a massive liquidation cascade , as we have witnessed on a few occasions since the February correction. Leverage Driven Pump! Bitcoin Open Interest rises to $27.9 billion, marking a $3.3 billion (+13%) increase from its recent low. pic.twitter.com/e2nAisQ132 — Maartunn (@JA_Maartun) March 14, 2025 The post Bitcoin Price Targets $90,000 as BTC Whales Go on Accumulation Spree appeared first on CryptoPotato . CoinOtag