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Donald Trump’s World Liberty Financial (WLFI) has made another major investment in the crypto space, purchasing $21.5 million worth of Ethereum (ETH), Wrapped Bitcoin (WBTC), and Movement Network (MOVE) tokens.

According to an on-chain analytics report from Spot On Chain on March 6, these transactions were funded using USD Coin (USDC) from a newly created multi-signature wallet, which still holds $3.5 million in reserves.

Breaking Down the Purchases:

4,468 ETH for $10 million at an average price of $2,238 per coin

110.6 WBTC for $10 million at $90,420 per coin

3.42 million MOVE tokens for $1.5 million at $0.439 per token

WLFI’s Growing Crypto Holdings

Data from Arkham Intelligence shows that WLFI now holds over $78.5 million in digital assets as of March 6. Its most significant holdings include:

7,091 ETH worth $16.16 million

162.69 WBTC valued at $14.87 million

12.88 million Tether (USDT)

4,972 staked ETH worth $11.32 million

40.71 million Tron (TRX) valued at $9.96 million

WLFI also has smaller holdings in USDC, Ondo (ONDO), and WhiteRock, among other assets.

Trump’s Crypto Reserve Plan Sparks Controversy

This latest investment follows Trump’s March 2 directive to the President’s Working Group on Digital Asset Markets to establish a U.S. strategic crypto reserve. Initially, reports suggested the reserve would include Ripple (XRP), Solana (SOL), and Cardano (ADA), but Trump later clarified that Bitcoin (BTC) and Ethereum (ETH) would be the primary assets.

The move has raised eyebrows, with critics arguing that such a reserve could boost the value of cryptocurrencies already owned by Trump and his close associates. Reports indicate that Trump and his allies control over 60% of WLFI, leading to speculation about potential conflicts of interest.

Ethical Concerns and Official Responses

The Trump Organization has denied any wrongdoing, stating that the former president has stepped away from commercial activities. According to their statement, WLFI is currently managed by Trump’s children, an independent ethics attorney, and an external investment firm.

Despite these reassurances, watchdog groups remain skeptical, citing past incidents where Trump’s business dealings and political agenda appeared to overlap.

As the debate continues, the impact of WLFI’s crypto acquisitions and the proposed U.S. strategic crypto reserve remains a key issue in the evolving relationship between cryptocurrency and U.S. policy.$BTC $ETH #Binance

#bitcoin #donaldtrump #etherum

Spot Bitcoin exchange-traded funds in the United States recorded their third consecutive day of net outflows on March 5, led by Valkyrie’s BRRR.
According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $38.3 million in outflows on Wednesday, extending their outflow streak to three days with $74.19 million and $143.43 million in net redemptions on Monday and Tuesday, respectively.
The majority of the outflows came from Valkyrie’s BRRR, with $60.42 million exiting the fund, while Invesco Galaxy’s BTCO and Bitwise’s BITB saw more modest outflows of $9.94 million and $6.87 million, respectively.
BlackRock’s IBIT, the largest Bitcoin ETF in terms of net assets held, managed to offset part of the outflows as it drew in $38.93 million from investors, bringing its total net inflows to $39.66 billion since its launch. The remaining eight Bitcoin ETFs saw zero flows on the day.
The total trading volume recorded by these investment vehicles stood at $3.27 billion on March 5.
Meanwhile, the nine Ethereum ETFs returned to outflows on March 5, with $63.32 million exiting the funds following a day of $14.58 million in net inflows, which had ended their prior eight-day inflow streak. The entire outflow seen on Wednesday came from Grayscale’s ETHE, which has the highest fees among Ethereum ETFs. The remaining Ethereum funds saw no flows on the day.
Notably, the significant outflows from both Bitcoin and Ethereum ETFs appear to be linked to growing uncertainty around former President Donald Trump’s proposal for a U.S. Crypto Strategic Reserve.
While the idea of holding Bitcoin and Ethereum as part of a national reserve aims to strengthen the U.S.’s position in the crypto space, it has sparked debate. Many in the crypto community view it as contradictory to Bitcoin’s decentralized nature, raising concerns about potential government influence over an asset designed to be independent.
Initially, the announcement provided a boost to the digital asset market, but that rally was short-lived as another wave of selling pressure emerged. Despite this, Bitcoin and the broader crypto market have managed to recover some ground, with $BTC climbing back near $92,500 and the total market cap remaining above $3.1 trillion.
Looking ahead, analysts expect more price swings in the near term, particularly amid ongoing geopolitical tensions and trade uncertainties. Historical data from Bitcoin’s volatility index suggests that March could see heightened turbulence before potential stabilization in April, which might ease some selling pressure.
At press time, Bitcoin BTC1.63%Bitcoin was up 6.3% over the past day, exchanging hands at $92,710, while Ethereum ETH2.64%Ethereum was trading 5.9% higher at $2,299 per coin.$BTC $ETH #bitcoin #Etherum

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Volume Profile: Analyze the distribution of traded volume at various price levels to identify areas of support/resistance.

Ichimoku Cloud: A comprehensive indicator that shows trend direction, momentum, and support/resistance.

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Maintain a trading journal to track your trades, analyze your mistakes, and continuously refine your strategies.

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Enable 2FA: Always enable Two-Factor Authentication on Binance to protect your account.

Withdrawals: Set up a whitelist of wallets you trust to avoid phishing scams.

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Binance regularly introduces new products, such as Launchpads, where you can get early access to new tokens, or Liquid Swap, which provides liquidity pools for earning passive income.$BNB $SOL $ETH