💰Trump's WLFI Accumulates Crypto

Together with

GM Defiers!

World Liberty Financial, the Trump-linked DeFi project, is accumulating ETH, AAVE, and LINK.

Brian Quintenz, the head of policy at a16z crypto, is reportedly the leading candidate to head the SEC for Trump’s second term.

The New York Department of Financial Services has greenlit Ripple’s RLUSD stablecoin.

Also, Avalanche raises $250M, Synthetix acquires TLX, FTX claws back $14.5M in political donations, HYPE soars after airdrop, Travala revenue exceeds $100M, and PEPE ignites frog coin rally.

✍️ In today’s newsletter:

World Liberty Financial swaps stablecoins for crypto
Brian Quintenz could lead CFTC under Trump
New York regulator approves Ripple stablecoin
Avalanche raises $250M ahead of upgrade
Synthetix plots leveraged tokens after TLX acquisition
FTX retrieves millions from political donations
Hyperliquid rallies 385% in two weeks
Travala announces crypto treasury strategy
Memecoin traders converge on frog tokens

PRESENTED BY OKTO: Breaking Down Chain Abstraction

🙏Sponsored

📈 Markets in the last 24 hrs:

THANKING OUR NEWSLETTER SPONSORS

| NEWSLETTER CONTINUES BELOW |

DIA Lasernet is live on testnet: the first Layer-2 rollup designed for oracle infrastructure, built in collaboration with Conduit, OP Stack, Celestia & Hyperlane.

What would you build better? That's what Stellar asks in their new initiative. Share your vision of better futures for finance, creativity, access and more for a chance at a $30K USD prize pool. The top submissions will be used for inputs for the Stellar developer community to build products with real-world impact.

High Gain by Kelp gets you ~20%+ APY on ETH by leveraging blue-chip strategies with rsETH on Aave, Pendle, Usual and Elixir. On depositing, mint hgETH and stay liquid in DeFi while earning rewards!

👀Trump-Linked World Liberty Financial Accumulates ETH, AAVE, and LINK

World Liberty Financial is flipping its stablecoins for crypto, buying $10 million in ETH, $1 million in AAVE, and $1 million in LINK. The project’s largest holdings are $57.2 million worth of ETH, $10.4 million in cbBTC, and $5 million worth of USDT and USDC combined.

🧍A16z Policy Lead Emerges As Contender To Chair CFTC Under Trump

Brian Quintenz, a former CFTC commissioner and the head of policy at a16z crypto, is reportedly a front-runner for CFTC chair under Trump’s second term. The Trump team is expected to announce its pick in the coming days.

🪙Ripple’s RLUSD Stablecoin Gets Approved by NY Regulators

New York regulators have greenlit the launch of Ripple’s RLUSD stablecoin. Brad Garlinghouse, the CEO of Ripple Labs, said the stablecoin will soon enter the market.

SPONSORED POST

Stellar has launched Build Better, a new initiative intended to bridge the gap between Web3's ambitious visions and making an impact in the real world. The campaign invites community members to share their ideas for improving the worlds of finance, creativity, and access, with the best concepts being developed at an upcoming hackathon in Prague.

Over eight weeks, the initiative will collect community input through polls, questions, and video submissions, focusing on the central question: "What would you build better?" These ideas will shape hackathon tracks where developers will then work to bring them to life. Participants can win from a $30K USD prize pool.

🏔️Avalanche Closes $250M Private Token Sale Ahead Of Upgrade

Avalanche closed a $250 million private funding round that distributed locked AVAX to more than 40 investors. The raise comes as the project is readying to deploy its Avalanche9000 mainnet upgrade on Monday.

🆕Synthetix to Offer Leveraged Tokens in 2025 after TLX and Kwenta Acquisitions

Synthetix plans to launch leveraged tokens next year after acquiring TLX. The move follows Synthetix acquiring Kwenta last month.

💵 FTX Debtors Retrieve $14.5M of Political Donations

FTX continues to claw back assets ahead of creditor distributions. The defunct exchange retrieved $14.5 million previously donated to political action committees by Sam Bankman-Fried.

SPONSORED SHOUTOUT

Level-up your Degen Game with actionable insights!

We’ve supercharged DeFi Alpha, our exclusive newsletter and chat community.

Join our subscriber-only weekly newsletter, Telegram group, premium content, expert-driven strategies, and community calls.

Try it FREE for 21 days!

🚀Hyperliquid Soars to $16 Billion Valuation

Hyperliquid is surging despite airdropping more than $1 billion in tokens to early adopters two weeks ago. The price of HYPE is now up 384.5% since the drop.

🌱Travala to Launch Bitcoin Treasury Reserve After $100M Milestone

Travala, a crypto-powered travel platform, unveiled a treasury management strategy revolving around Bitcoin and its native AVA token. The news follows Travala surpassing $100 million in annual revenue, a 70% increase.

🐸Frog-themed Memecoins Rally as Markets Rebound

The success of PEPE has inspired memecoin degens to seek out other frog-themed tokens. The comical segment ranked as the fourth-strongest token category on Dec. 12.

🌍 ELSEWHERE

BlackRock recommends bitcoin allocation of up to 2% in multi-asset portfolios (The Block)
A Single Pudgy Penguins NFT Now Costs More Than a Bitcoin (CoinDesk)
Vancouver Council Embraces Bitcoin Reserve Proposal Amidst Fiat Concerns (BeInCrypto)