TL;DR World Liberty Financial (WLFI), the crypto initiative backed by the Trump family, has invested $775,000 in SEI tokens, further expanding its growing altcoin portfolio. Despite current losses across its crypto holdings, WLFI remains focused on diversification. This move comes amid a shifting political and financial climate that is becoming increasingly supportive of digital assets.

They scooped up $775,000 worth of SEI tokens on April 12. That's 4.89 million SEI added to the altcoin-heavy portfolio from WLFI, according to Arkham Intelligence.

World Liberty Financial has triggered a short-lived surge in SEI price after purchasing $775K worth of the token, briefly lifting it 20% before momentum stalled at key resistance.

World Liberty Financial (WLFI), the Trump family-backed crypto project, expanded its altcoin portfolio with a $775,000 purchase of SEI tokens.

On April 12, World Liberty Financial (WLFI), an initiative in the cryptocurrency sector supported by the Trump family, made a new strategic investment, adding 4.89 million SEI tokens to its portfolio. The value of the operation is around 775,000 dollars, according to on-chain data from Arkham Intelligence . The purchase was made through one of the project's trading wallets, funded with USDC transferred from WLFI's main wallet. This same wallet is known to have been used in the past to accumulate a variety of altcoin, consolidating the initiative's diversification strategy.

Trump's World Liberty Financial bought $775K of SEI tokens, expanding its crypto portfolio despite experiencing $145.8M in paper losses across all holdings.

Trump-backed World Liberty Financial (WLF) bought $775K worth of SEI tokens as part of its crypto accumulation strategy.

WLFI, a cryptocurrency initiative backed by the Trump family, has added 4.89 million SEI tokens to its holdings, valued at approximately $775,000. The post Trump-Linked Crypto Project WLFI Adds $775K in SEI Tokens to Its Portfolio appeared first on Cryptonews.

The Trump family-backed crypto project World Liberty Financial (WLFI) has added 4.89 million SEI tokens valued at $775,000 to its portfolio, according to onchain data. Data from blockchain analytics firm Arkham Intelligence shows the purchase was made on April 12 by one of WLFI's trading wallets using USDC transferred from the project's main wallet.

World Liberty Financial, the crypto venture backed by U.S. President Donald Trump's family, purchased $775,000 worth of SEI tokens as its altcoin accumulation strategy keeps going.

Sei price remains under pressure in the past few months and is hovering near its lowest point since November 2023 even as its ecosystem continue doing well. The token was trading at $0.1750, down by over 75% from its highest level in December last year.

Sei (SEI), a fast-growing Layer 1 blockchain focused on optimizing crypto trading and DeFi development, has received significant support from Donald Trump-backed World Liberty Finance (WLFI). After concluding one of the most heavily subscribed token sales in recent history, World Liberty Finance has been engaged in strategic token purchases.

World Liberty Fi, a project linked to US President family, has purchased SEI tokens, worth at least $775,000. The investment has triggered excitement among SEI enthusiasts. Notably, the SEI market has recorded an impressive surge of 7.8% in the last 24 hours. In the last one hour alone, the market has climbed by nearly 3.4%.

Sei Giga introduces the Autobahn consensus mechanism, boosting blockchain throughput by 50x through a multi-proposer model, enhancing scalability and maintaining Byzantine Fault Tolerance.

Magic Eden is setting its sights on becoming a comprehensive platform. The platform aims to support all types of digital assets.

Magic Eden, already a key player in the NFT universe, has announced the acquisition of Slingshot Finance, a well-known mobile trading application specializing in cross-chain exchanges. This step highlights Magic Eden's new ambitions in the world of fungible tokens and meme coin, positioning itself as a decentralized alternative to traditional crypto exchanges.

Explore the differences between Kava USDT and USDT0 on Sei Mainnet, including interoperability, token backing, and best practices for integration.

TL;DR Expanding Capabilities: Magic Eden acquires Slingshot to add seamless, fully on-chain trading to its NFT marketplace, moving beyond just NFTs. Simplified Cross-Chain Swaps: The integration aggregates liquidity from multiple DEXs, enabling quick and optimal token swaps across networks like Ethereum, Polygon, and more.

Magic Eden has announced its acquisition of Slingshot, an app designed to facilitate trading across multiple blockchains using a single, universal account balance. This acquisition aims to simplify the onchain trading experience, which currently requires users to navigate multiple wallets, manage gas fees, and find trusted bridges before purchasing tokens.

Magic Eden buys Slingshot trading app to expand beyond NFTs and challenge centralized exchanges with seamless cross-chain trading.

Magic Eden, the leading NFT marketplace, made a big shot on Wednesday by acquiring the decentralised trading app, Slingshot. The acquisition is aimed at moving Magic Eden beyond just NFTs and establish it as a major player in cross-chain trading too.

Magic Eden wants to broaden its offering beyond NFTs and streamline crypto trading across multiple blockchains.

Solana non-fungible token (NFT) marketplace Magic Eden has acquired crypto trading app Slingshot as part of a strategy to expand beyond NFTs as other marketplaces fold amid a prolonged market downturn.The move expands Magic Eden's support to more than 8 million tokens across almost every major blockchain, the firm said in an April 9 X post. “No bridges.

Magic Eden has acquired Slingshot, a cross-chain crypto trading app that allows users to swap any token on any chain using a single USDC balance. According to an Apr.

Magic Eden is acquiring crypto trading app Slingshot to expand beyond NFTs and challenge centralized exchanges (CEX) with a fully on-chain trading experience, according to an April 9 press release. The acquisition marks a shift for Magic Eden, which built its name as a leading digital asset and NFT marketplace.

Binance plans to launch the reward-bearing margin asset LDUSDT for its futures platform and the former Ethereum developer Virgil Griffith gets out of prison on parole.

The Slingshot acquisition will enable Magic Eden to move away from being an NFT and digital asset platform and become an "all-encompassing trading platform," it says. The post Magic Eden Acquires Slingshot, Steps Away From NFT Focus appeared first on Cryptonews.

NFT marketplace Magic Eden is acquiring trading app Slingshot.

Major NFT marketplace Magic Eden is acquiring mobile trading app Slingshot Finance in an embrace of fungible token trading.

The move signals Magic Eden's push beyond NFTs and into broader token trading — aiming to compete directly with centralized exchanges.

The cryptocurrency market endured significant declines as liquidations rattled the digital assets landscape. Meanwhile, SEI led the downside, losing 19% in the past 24 hours to explore price levels not witnessed since October 2023. Adverse ecosystem developments following the Filament Finance hack intensified Sei's crash.

Filament, a decentralized exchange built on the Sei blockchain, has been hit by a major self-liquidation exploit. According to the platform's post-hack statement shared on X, attackers took advantage of the platform's order book system to steal around $572,000.

Sei token continued its downward trend and is nearing its all-time low even as its ecosystem growth accelerated. Sei (SEI), a fast-growing layer-1 network, has extended its downward trend, nearing its all-time low even as ecosystem activity accelerates.

Sei Foundation, the organization supporting the Layer-1 blockchain Sei, has revealed a new US non-profit, Sei Development Foundation, establishing its headquarters in New York. The post Sei Establishes US Non-Profit Foundation, Opens New York Office appeared first on Cryptonews.

The New York-based Sei Development Foundation will support the growth of the Sei protocol and advance crypto innovation in the U.S.

Sei Foundation revealed its plans to acquire 23andMe on a mission to protect the genetic data of millions of US users. 23andMe raised concerns across the US after announcing its bankruptcy.

Sei Blockchain, the layer-1 chain in a significant bet towards the developing concept of decentralised science, has announced the acquisition of 23andMe after the latter filed for the Chapter-11 Bankruptcy. The California-based genetic testing and biotech company, 23andMe, has been offering DNA testing via saliva samples for millions of Americans since 2007.

TL;DR Sei Foundation is considering acquiring 23andMe after its bankruptcy filing, aiming to protect the genetic data of millions of users using blockchain technology. The proposal empowers individuals by giving them full control over how their genetic information is stored, shared, and monetized.

The Sei Foundation, the nonprofit behind the Sei (SEI) layer-1 blockchain, is considering acquiring bankrupt personal genomics giant 23andMe. The goal? To bring the genetic data of 15 million users onto blockchain rails, ensuring privacy, ownership, and control in what its calling its boldest DeSci bet yet.

The Sei Foundation is exploring the acquisition of 23andMe, a bankrupt genetic testing company, with plans to bring its data infrastructure onto the Sei blockchain. In a statement released on March 27, the Foundation revealed that the acquisition would mark a significant step toward protecting genetic data through on-chain solutions.

Sei Foundation revealed plans to acquire genetic testing firm 23andMe, which filed for bankruptcy early this week. The potential deal aims to revolutionise genetic data security and privacy using blockchain, guaranteeing user authority over sensitive details. The company said: We believe user data sovereignty is a matter of national security.

After 23andMe declared bankruptcy in the United States on March 23, 2024, the Sei Foundation, linked to the Sei blockchain network, announced its intention to consider acquiring the genetic testing company. The goal would be to protect the privacy of the genetic data of about 15 million users, offering them ownership and direct control of the information through secure and encrypted blockchain tools. The project, announced in a post published on March 27 on the official X account of the Sei network, aims to address an issue of growing importance: the security of bio-genetic data in the digital age, especially in contexts of financial instability like the current one of the American biotech company.

Sei Foundation considers acquiring bankrupt genomics firm 23andMe, saying it wants to protect the genetic privacy of 15m Americans by securing their data on blockchain. The post Sei Foundation Eyes 23andMe Buyout to Secure Genetic Data On Blockchain appeared first on Cryptonews.

The foundation behind the layer-1 blockchain, Sei, announced it was exploring the acquisition of the genetic testing company 23andMe after the firm filed for bankruptcy.In a March 27 X post, the Sei network said its foundation was considering purchasing 23andMe “to defend the genetic privacy of 15 million Americans” by putting the company's data on the blockchain. According to the foundation, if it acquires the biotechnology company, it plans to deploy all the genetic information on the blockchain and “return data ownership to users through encrypted, confidential transfers.

23andMe, the genetic testing company that went public in 2021, announced on March 23 that it was filing for Chapter 11 bankruptcy.

If the acquisition proceeds, the foundation plans to integrate 23andMe's data onto its blockchain and give users ownership of their genetic data.

Magic Eden has unveiled a new quest enabling participants to qualify for the upcoming $PAWS airdrop.

Magic Eden saw an explosive but short-lived surge in Ordinals trading, with daily volume averaging nearly $50 million driven by the Idiots NFT mint.