World Liberty Financial Grabs More Bitcoin, Ethereum Ahead of White House Crypto Summit

World Liberty Financial has amassed millions of dollars in Wrapped Bitcoin and Ethereum ahead of a White House crypto summit. By Bitcoin.com.

World Liberty Financial, a DeFi (decentralized finance) project that uses Ethereum to provide lending and borrowing services, was one of the cryptocurrency initiatives that Trump and his family backed before he took office.

The transactions were spotted by blockchain data tracker Arkham Intelligence, which shared its findings on X (formerly Twitter) on Wednesday.

One of the wallets being monitored by Arkham paid $10 million for Ethereum (ETH), $10 million for Wrapped Bitcoin (WBTC), and $1.05 million for Movement (MOVE) tokens within a 24-hour period.

Those transactions come ahead of the White House’s first-ever crypto summit on Friday, where some of the biggest names in the industry are expected to attend.

WBTC is a Bitcoin-backed Ethereum-based token that allows traders to use their BTC on DeFi applications.

World Liberty Financial is known for investing heavily in cryptocurrencies. Earlier this week, Sui, a well-known cryptocurrency project started by former Meta engineers, announced it would be collaborating with World Liberty Financial to “explore the innovative opportunities.”

It is the network that powers SUI, the 19th-largest cryptocurrency.

The Trump administration is making a broader push into the rapidly expanding crypto market.

President Trump revealed that the U.S. government would hold several digital currencies and tokens, including Bitcoin, Ethereum, and Solana.

One of the cryptocurrency initiatives that Trump and his family backed before he took office was World Liberty Financial, a DeFi project that uses Ethereum to provide lending and borrowing services.