The blockchain platform linked to the American president Donald Trump has slowed the cryptography market as an investment opportunity, tripling his ether assets in a week before the first crypto summit of the White House on March 7.
Meanwhile, Solana was affected by almost half a billion dollars outings in February while cryptocurrency investors asked for safer investments following a wave of scams and carpet tapesters.
Trump’s WLFI tripled ether assets in a week in the middle of the market slowdown
The decentralized financial platform (DEFI) linked to the American president Donald Trump considerably increased his assets during last week while the price of the cryptocurrency briefly fell below $ 2,000.
Trump’s World Liberty Financial (WLFI) platform has tripled its ether (ETH) assets in the last seven days while the ETH has dropped below the $ 2,000 psychological brand, according to Cointelegraph Markets Pro data.
ETH / USD, table 1 month. Source: Cointelegraph
The data provided by Arkham Intelligence shows that WLFI now contains about $ 10 million more in ether than a week earlier. Its latest acquisitions also include an additional $ 10 million in Bitcoin tokens (WBTC) wrapped up and $ 1.5 million in Movement Network tokens (MOVE).
The WLFI token balances history. Source: Arkham Intelligence
Trump’s DEFI platform is currently sitting on an unrealized total loss of more than $ 89 million on the nine tokens in which it has invested, according to Lookonchain data.
Source: Lookonchain
The purchase of DIP occurred during an increased volatility period on the market and investor concerns, drawn both by macroeconomic concerns and crypto-specific events, including the hacking of $ 1 billion on February 21, the greatest feat in cryptographic history.
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Solana sees $ 485 million in outings in February while Crypto Capital fled to “security”
Solana saw almost half a billion dollars out of outings last month when investors moved to what was perceived as safer digital assets, reflecting growing uncertainty in the cryptocurrency market.
Solana (soil) has been affected by more than $ 485 million outings in the last 30 days, investor capital is mainly moving to Ethereum, Arbitrum and the BNB channel.
The exodus of the capital occurred in the middle of a wider flight to “security” among the cryptography market players, according to a research report in binance shared with Cointelegraph.
Solana will be released. Source: Debridge, research in binance
“Overall, there is a wider flight to the safety in cryptographic markets, the domination of the bitcoin increasing by 1% during the month to 59.6%,” said the report.
“Part of the capital took place in the BNB Memecoins channel, partly driven by CZ tweets on his dog, brocolli,” he added.
Beyond Solana, the total market capitalization of cryptocurrencies dropped by 20% in February, drawn by an increasing negative feeling, noted research in binance.
In addition to macroeconomic concerns, the drop in the feeling of cryptographic investors was mainly due to the hacking of the $ 1.4 billion survey on February 21, the greatest feat in the history of cryptography.
The disappointment in the same launches, based in Solana, also slowed down the appetite of investors, especially after the launch of the balance token, which was approved by Argentinian president Javier Milei.
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Trump to accommodate the first summit of White House cryptography on March 7
US President Donald Trump will host the first summit in White House cryptography on March 7, bringing together industry leaders to discuss regulatory policies, supervision of stablescoin and the potential role of bitcoin in the American financial system.
Participants will include “founders, CEOs and investors of the cryptographic industry”, as well as members of the president’s working group on digital assets, according to an announcement shared by the White House “the AI and the Cryptographic Tsar”, David Sacks, in a post of March 1.
The summit will be chaired by bags and administered by Bo Hines, the executive director of the working group.
Source: David Sacks
Sacks was named Crypto of the White House and Tsar of the AI on December 6, 2024 to “work on a legal framework so that the crypto industry has the clarity he asked for and can prosper in the United States,” Trump wrote in the announcement.
Part of the role of Sacks will be to “save” online speech and “get away from the prejudices and censorship of great technology,” added Trump.
Source: Donald Trump
Trump previously pointed out that he intended to make cryptographic policy a national priority and to make the United States a world center for blockchain innovation. The next summit could set the tone for cryptographic regulations over the next four years.
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Crypto VC Offers is $ 1.1 billion in February while DEFI SURTENS INTERVIEW – Equality
The funding of venture capital in blockchain and cryptocurrency startups accelerated in February, with decentralized financing projects (DEFI) attracting significant investment flows, indicating that the demand for blockchain manufacturers has remained strong in the midst of the conditions of the volatile market.
According to the tie data, 137 cryptographic companies collected combined funding of $ 1.11 billion in February.
DEFI obtained nearly $ 176 million in total funding on 20 projects. Meanwhile, eight commercial service providers have raised a total of $ 230.7 million. Startups specializing in security services, payments and artificial intelligence have also aroused significant interests.
Commercial service providers and DEFI projects attracted the most important investments in February. Source: the tie
The greatest venture capital investors have targeted “several sectors, including key stories such as AI, developer, defect, backdrop, funds and payments,” said the link.
The data is consistent with the recent Cointelegraph reports, which have shown a sharp increase in decentralized transactions of the physical infrastructure network (backdrop).
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Bybit Hacker Launders 100% of the stolen crypto of $ 1.4 billion in 10 days
The operator Bybit has laundered 100% of stolen funds after staging the biggest hacking in the history of cryptography, but part of the loot can still be recoverable by blockchain safety experts.
On February 21, the parbit was hacked for more than $ 1.4 billion in liquid ether (STETH), Mantle ETH (METH) and other ERC-20 tokens, resulting by the largest cryptographic flight in history.
The pirate has since moved the 500,000 stolen ether (ETH), mainly through the Decentralized Thorchain crosschain protocol, reported the Lookonchain blockchain security company in a post on March 4 on X:
“The hacker #BIBIT has laundered all $ 499,395 ETH ($ 1.04B currently), mainly via #Thorchain.”
Source: Lookonchain
The Lazarus group of North Korea converted the stolen product despite its identity as the main culprit behind the attack by several blockchain analysis companies, notably Arkham Intelligence.
The news comes more than two months after the South Korean authorities sanctioned 15 North Koreans for having allegedly generated funds for the North Korea’s nuclear weapons development program through cryptocurrency and Cyber Vol robberies.
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DEFI market overview
According to Cointelegraph Markets Pro and TradingView data, most of the 100 largest cryptocurrencies by market capitalization ended the week in green.
On the top 100, the Cardano token (ADA) increased by more than 46% as a larger winner in the Top 100, led by the inclusion of the token in the next stock of digital assets of Trump. Bitcoin Cash (BCH) increased by more than 40% as the second largest winner in last week.
Total value locked in DEFI. Source: Defillama
Thank you for reading our summary of the most impactful DEFI developments this week. Join us next Friday for more stories, information and education concerning this dynamically advanced space.
