World Liberty Financial (WLFI), a decentralized finance platform associated with President Donald Trump's family, has moved 10,000 Ethereum (ETH) worth around $33 million to Lido Finance for staking. This move follows WLFI's recent acquisition of over $110 million in various cryptocurrencies, highlighting its expanding presence in the digital asset space. The transaction aims to earn staking rewards on Lido, the largest Ethereum staking platform. There is speculation about regulatory clarity for staking within Ethereum exchange-traded funds (ETFs), with SEC Commissioner Hester Peirce indicating a potential shift in stance. The inclusion of staking features in ETFs could attract broader investor interest and potentially impact tokens within Ethereum's ecosystem.
Content Editor ( cryptonewsz.com )
- 2025-01-23
Donald Trump's WLFI Shakes the Internet by Staking 10,000 ETH
