Trump’s WLFI Buys $12M in Crypto, Sol Strategies Eyes Nasdaq, and More: Dec 13

Bitcoin is currently priced at $100,002 with a -1.10% decrease in the past 24 hours, while Ethereum trades at $3,881, up +1.31% over the same period. The futures market remains balanced, with a 50.1% long and 49.9% short position ratio. The Fear and Greed Index, a key measure of market sentiment, maintained the sentiment from 83 (Extreme Greed) yesterday to 76 (Extreme Greed) today. The crypto market is undergoing a rapid transformation, fueled by major investments and strategic initiatives. In the past few months alone, institutional players and companies have collectively moved billions into cryptocurrencies and blockchain projects, signaling a new phase of adoption. Highlights include a $12 million purchase by Donald Trump-backed WLFI, Sol Strategies’ 2336% stock surge since July, Chainalysis’ expansion to cover 4 million Solana memecoins in Pump.fun, BlackRock’s $50 billion Bitcoin ETF product, and Avalanche’s $250 million token sale for a groundbreaking upgrade. These developments showcase the growing financial and technical significance of the crypto ecosystem.

• Donald Trump-backed WLFI Purchases $12 Million in Ethereum, Chainlink and Aave

• Sol Strategies Plans Nasdaq Listing After 2336% Stock Surge

• Chainalysis Expands Solana Coverage to Pump.fun Memecoins

• Avalanche Raises $250 Million for Avalanche9000 Upgrade

• BlackRock's Bitcoin spot ETF has surpassed its gold ETF in size.

• Meta CEO Mark Zuckerberg donated $1 million to President-elect Trump's inauguration fund.

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Source: Arkham

World Liberty Financial (WLFI) Initiative tied to President-elect Donald Trump made a $12 million crypto acquisition. On December 12, WLFI purchased 2631 ETH for $10 million at $3801 per token. The project also acquired 41335 LINK and 3357 AAVE spending $1 million on each.

According to Arkham Intelligence WLFI's holdings now exceed $74.7 million. The portfolio includes 14,576 ETH worth over $57 million 102.9 cbBTC valued at $10.3 million and additional assets like USDC. WLFI’s substantial crypto purchase appears to have influenced market conditions. According to CryptoSlate’s data, both LINK and AAVE recorded price increases exceeding 25% within 24 hours.

Source: Arkham

WLFI aims to position itself as a leader in decentralized finance by offering lending borrowing and digital asset investment services. The initiative plans to launch a stablecoin and DeFi access tools signaling confidence in decentralized systems under favorable US regulations.

Sol Strategies formerly Cypherpunk Holdings announced plans to list on Nasdaq after a 2336% increase in its stock price since July. The company's ticker HODL on the Canadian Securities Exchange benefited from its pivot to the Solana ecosystem.

As of December 11, Sol Strategies holds 142,000 SOL tokens worth $46 million and operates four Solana validators. The company has staked nearly 1 million SOL tokens valued at over $300 million further integrating into the Solana network.

A Nasdaq listing offers access to a broader investor base, improved liquidity and enhanced brand visibility. The move underscores the company's focus on Solana as the next frontier in blockchain innovation.

Blockchain analytics firm Chainalysis extended its Solana token coverage to include Pump.fun memecoins. The platform now supports compliance tools like Know Your Transaction KYT and Reactor for all Solana Program Library SPL tokens.

Pump.fun has facilitated the creation of over 4 million memecoins generating $93 million in monthly revenue as of November. While the platform is the fastest-growing crypto app ever, 95 % of its tokens reportedly become scams or rugpulls within a day of launch.

Chainalysis aims to mitigate risks by offering complete exposure and tracing for Pump.fun tokens. The expansion enables exchanges to list memecoins with compliance coverage and gives governments tools to investigate fraudulent activities.

Read more: Top Solana Memecoins to Watch

BlackRock managing $11.5 trillion in assets issued its first specific guidance on Bitcoin portfolio allocations. In a report to institutional investors the firm recommended a 1 to 2% allocation for multi-asset portfolios citing Bitcoin's growing importance.

BlackRock compared Bitcoin’s risk profile to mega-cap tech stocks. A 1 to 2% allocation in a 60-40 portfolio offers a balanced risk without excessive exposure. However the firm warned that going beyond 2 % would disproportionately increase portfolio risk.

BlackRock's IBIT product manages $50 billion in assets. The firm's support solidifies Bitcoin's role as a key portfolio asset for institutional investors.

Read More: Ethereum ETFs BlackRock and Fidelity Fuel $500 Million in Two Days

Avalanche raised $250 million in a locked token sale led by Galaxy Digital Dragonfly and ParaFi Capital. The funds will support the Avalanche9000 upgrade set to launch on mainnet December 16.

The upgrade aims to reduce blockchain deployment costs by 99.9 % and transaction costs by 25 times. Over 500 Layer 1 chains across sectors like gaming loyalty payments and real-world asset tokenization are in development on Avalanche.

Avalanche previously raised $230 million in 2021 showing consistent support from leading crypto investors. The Avalanche9000 upgrade promises to revolutionize Layer 1 scalability and cost-efficiency.

The crypto market has entered a new phase of growth driven by billions in investments and strategic developments. WLFI now holds over $74.7 million in assets after its $12 million crypto purchase while Sol Strategies’ stock soared 2336 % and its SOL holdings reached $46 million. Chainalysis’ tools now cover over 4 million Solana memecoins and Pumpfun generated $93 million in revenue last month. BlackRock’s Bitcoin ETF product manages $50 billion and Avalanche’s $250 million token sale will launch a highly scalable upgrade. These numbers and initiatives reflect the accelerating pace of crypto adoption and the sector’s expanding role in global finance.