Justin Sun, the founder of Tron, has deepened his involvement with the Trump-backed World Liberty Financial (WLF) project, adding another $15 million to his previous investments.
This brings Sun’s total contribution to $90 million, showcasing his strong belief in the initiative and the potential of a more crypto-friendly environment under President-elect Donald Trump.
Sun’s growing financial support highlights his confidence in WLF as a pivotal project for the blockchain sector. His latest investment follows an earlier $45 million infusion, building on TRON DAO’s initial $30 million stake, reflecting a long-term commitment to the venture.
The WLFI token, WLF’s native digital asset, has gained significant traction among investors. Nearly 21 billion of the 25 billion tokens allocated for sale have been purchased, leaving a limited supply available. Much of this demand is driven by Trump’s public backing of the project and the 60% equity stake held by Trump’s family and their affiliated entity, DT Marks DEFI LLC. This connection has instilled confidence in the project’s long-term viability.
As Donald Trump’s inauguration nears, discussions about World Liberty Financial and its potential impact on the crypto space are intensifying. WLFI is viewed as a project poised for widespread adoption, thanks to its functionality and the prominent figures supporting it.
United Arab Emirates authorities have formally denied reports linking Toncoin (TON) ownership or staking to long-term visa eligibility, calling the circulating claims inaccurate and misleading.
Changpeng Zhao, the former head of Binance, has hinted at the possibility of a new initiative that would allow BNB token holders to obtain long-term residency in the United Arab Emirates through a token-staking model.
The first week of July brought notable advancements in crypto infrastructure, governance, and trading.
Europe’s reluctance to embrace stablecoins and blockchain technology could erode its monetary sovereignty and marginalize the euro in the next phase of global finance, according to former European Central Bank board member Lorenzo Bini Smaghi.