By Kapil Rajyaguru
By Kapil RajyaguruTrump-Backed World Liberty Financial Snaps Up $21.5mn in WBTC, ETH, MOVE
World Liberty Financial (WLFI), the decentralized finance (DeFi) venture tied to U.S. President Donald Trump and his family, added over $21.5 million worth of ether (ETH), wrapped bitcoin (WBTC), and MOVE tokens to its treasury on Wednesday, data shows.
WLFI acquired 4,468 ETH at roughly $2,238 each totaling $10 million, 110.6 WBTC at $90,415 and 3.42 million MOVE tokens at $0.438 apiece amounting to $1.5 million.
The WLFI purchases, where Trump and his sons hold ambassadorial roles, come days ahead of a White House Crypto Summit scheduled on Mar. 7, where the President is set to meet with several high-profile crypto founders.
Crypto Custodian Hex Trust Secures Major Payment Institution License in Singapore
Hex Trust, a cryptocurrency custodian and trading platform, has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), the firm said on Thursday.
The license, granted on March 1, allows the firm to provide cross-border money transfers and digital payment token services under Singapore’s regulatory framework.
The approval follows Hex Trust’s in-principle clearance from MAS in July 2024. With the full license, the company can now integrate regulated digital asset custody with trading and settlement services, including fiat on-ramps and off-ramps, according to a press release.
Mt.Gox Moves $1bn Bitcoin to New Wallet
Defunct cryptocurrency exchange Mt. Gox today transferred over 12,000 bitcoin (BTC), worth over $1.2 billion, to a new wallet earlier Thursday.
The activity marks some of the largest transactions from the exchange since its bankruptcy in 2014. Such wallet transfers are usually a consolidation of holdings to new addresses before they are sent to crypto exchanges, where the bitcoin is sold on the open market.
Trustees have put together a repayment plan with a deadline of October 31, 2025, per the latest filings.
Dubai Government-Owned Bank Emirates NBD Offers Crypto Trading Through Liv X App
Emirates NBD, the bank owned by the government of Dubai, is starting to offer crypto trading through its digital banking subsidiary Liv.
Liv is allowing customers to buy and sell cryptocurrencies in its new app Liv X, according to an emailed announcement on Thursday.
Liv is offering its crypto service using infrastructure operated by Aquanow, a digital asset platform licensed by Dubai’s Virtual Assets Regulatory Authority (VARA). Standard Chartered-backed Zodia is providing custody services for Liv’s new offering.
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