![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
Cryptocurrency News Articles
The Sui blockchain project has entered a partnership with World Liberty Financial (WLFI)
Mar 07, 2025 at 01:22 am
As part of the partnership WLFI aims to include Sui-based crypto assets in its Macro Strategy strategic token reserve.
The Sui blockchain project has entered a partnership with World Liberty Financial (WLFI), a decentralized finance project with close ties to the Trump family.
As part of the partnership WLFI aims to include Sui-based crypto assets in its Macro Strategy strategic token reserve.
"We're extremely excited to announce a partnership with @worldlibertyfi, a Donald J. Trump-inspired pioneering DeFi protocol, rooted in a shared vision for a more open and transparent financial world," Sui announced on X.
"As part of this collaboration:
🏛️ WLFI will be including SUI in their strategic token reserve as part of the Macro Strategy.
👨👨👦 The Trump family members are serving as Web3 Ambassadors for WLFI, showcasing their support for the project.
"
World Liberty Financial co-founder Zak Folkman commented on the partnership, citing Sui’s “American-born innovation” as one of the reasons for why WLFI chose to collaborate with the project.
"We chose Sui for its American-born innovation combined with impressive scale and adoption. It is a natural complement to our mission of bringing decentralized finance to more Americans. Given our plans to support foundational DeFi assets in the coming months, collaborating with Sui was an obvious decision."
SUI, the native asset of the Sui blockchain, has seen a major price surge in response to the news, as it's up 19.3% today.
The positive reaction to the news doesn't come as too much of a surprise, since news related to Donald Trump and those closely affiliated with him are currently a key driver of price action in the cryptocurrency market. Over the weekend, Trump highlighted 5 crypto assets via posts on the Truth Social platform, and all 5 of them responded with major price increases.
A partnership between two rising DeFi players
Sui is a smart contract platform designed for high scalability, using the Move programming language for smart contract execution. On Sui, simple transactions can bypass the consensus mechanism, improving the platform to scale to the level required by mainstream use cases.
However, more complex transactions still go through the network's consensus process to ensure security. The Sui protocol can reach consensus and process transactions concurrently across different objects, which further improves efficiency.
Currently, there are $1.2 billion worth of assets on Sui's decentralized finance protocols, making Sui the 9th-largest DeFi chain according to data from DeFi Llama. The largest DeFi app on Sui is Suilend, a decentralized lending protocol.
World Liberty Financial is a decentralized finance project endorsed by U.S. president Donald Trump. Trump family members Eric Trump, Donald Trump Jr. and Barron Trump are also involved with the project in the role of “Web3 Ambassadors” (Donald Trump is listed as the “Chief Crypto Advocate”).
The project, which has been selling a token called WLFI, has a reserve that includes a diverse range of crypto assets. According to data from Arkham Intelligence, World Liberty Financial’s largest holding is ETH, with WBTC at a close second. Here's a quick breakdown of the project's largest publicly known crypto holdings:
*As of March 6, 2025.
Will the partnership help boost Sui to new all-time highs?
Given the partnership announcement between World Liberty Financial and Sui, we can expect SUI (and potentially other crypto assets on the Sui blockchain) entering the project's reserves soon.
The Sui price prediction algorithm on CoinCodex is forecasting a very bullish year ahead for SUI, as it's currently expecting the coin to go on a major rally in Q2 2025 that would reach as high as $14.18. This would be a massive 399% increase from the current price of Sui and over twice as high than the coin's current all-time high.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
-
-
-
- tion: Happy Thursday! Anticipation is building ahead of tomorrow's inaugural White House Crypto Summit, with speculation swirling over exactly which industry heavyweights will be in attendance.
- Mar 07, 2025 at 05:40 am
- llowing article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
-
-
-
-