Longling Capital has transferred 65 million WLFI to Binance, worth approximately $3.79 million
BlockBeats News, August 25th, according to @EmberCN monitoring, 10 minutes ago, Longling Capital transferred 65 million WLFI to Binance, worth approximately $3.79 million at the time.
1. The BUILDon (B) project became a focal point in the on-chain space in May, receiving support from the Trump family's crypto fund WLFI. It was listed on Binance Alpha and its contract went live, with a market capitalization rising to around $400 million and an all-time high (ATH) of $470 million.
2. The United States is advancing cryptocurrency industry legislation through national efforts, including the "Federal and State Bitcoin Strategic Reserve Act," the "Stablecoin Act," and the "Digital Asset Market Structure and Investor Protection Act." These acts will drive financial innovation, enhance capital efficiency, and improve asset composability.
3. WLFI (World Liberty Financial) is a DeFi protocol established by the Trump family, with its core operations including the issuance of the stablecoin USD1 and the establishment of a governance platform. USD1 has reached a market capitalization of $21 billion, making it the world's seventh-largest stablecoin.
4. Binance has maintained a leading position in the cryptocurrency market through Binance Alpha and the BNB Chain. Through a mutually beneficial partnership with WLFI, USD1 has become Binance's official stablecoin and was used to complete a $2 billion investment from MGX to Binance.
5. The B project stands at the strategic intersection of WLFI and Binance, representing the largest trading pair for USD1. WLFI and Binance are jointly driving the global expansion of USD1, with B's market capitalization and influence poised to reach new heights.