{"id":275,"date":"2025-08-13T15:44:13","date_gmt":"2025-08-13T15:44:13","guid":{"rendered":"https:\/\/bondsandfonds.com\/index.php\/2025\/08\/13\/crypto-market-update-trump-backed-world-liberty-announces-us1-5b-crypto-treasury\/"},"modified":"2025-08-13T15:44:13","modified_gmt":"2025-08-13T15:44:13","slug":"crypto-market-update-trump-backed-world-liberty-announces-us1-5b-crypto-treasury","status":"publish","type":"post","link":"https:\/\/bondsandfonds.com\/index.php\/2025\/08\/13\/crypto-market-update-trump-backed-world-liberty-announces-us1-5b-crypto-treasury\/","title":{"rendered":"Crypto Market Update: Trump-Backed World Liberty Announces US$1.5B Crypto Treasury"},"content":{"rendered":"<\/p>\n

Here’s a quick recap of the crypto landscape for Wednesday (August 13) as of 9:00 a.m. UTC.<\/strong><\/p>\n

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.<\/p>\n<\/p>\n

\n

Bitcoin and Ethereum price update <\/h3>\n

Bitcoin (BTC) <\/strong>was priced at US$120,352, up by 1.5 percent over the last 24 hours. Its lowest valuation on Wednesday was $118,319, and its highest price was US$120,417.<\/p>\n<\/div>\n

<\/small><\/p>\n

Bitcoin price performance, August 13, 2025.<\/em><\/p>\n

<\/small><\/p>\n

Chart via TradingView<\/p>\n

Meanwhile, Ethereum continues to surge as it continues its weekend rally, up by over 9 percent at US$4,692.35. Its lowest valuation on Wednesday was US$4,265.81, and its highest was US$4,699.76.<\/p>\n<\/div>\n

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Altcoin price update <\/h3>\n
    \n
  • Solana (SOL)<\/strong> was priced at US$201.23, up by 15.2 percent over 24 hours. Its lowest valuation for the day was US$174.20, and its highest price was US$201.58.<\/li>\n<\/ul>\n
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    • XRP<\/strong> was trading for US$3.29, up 5.2 percent in the past 24 hours and at its highest valuation of the day. Its lowest was US$3.12. <\/li>\n<\/ul>\n
        \n
      • Sui (SUI)<\/strong> was trading at US$4.04, up by 11.7 percent over the past 24 hours. Its lowest valuation of the day was US$3.62 and its highest level was US$4.05. <\/li>\n<\/ul>\n
          \n
        • <\/span>Cardano (ADA)<\/strong> was trading at US$0.8755, up by 13.5 percent over 24 hours. Its lowest valuation on Wednesday was US$0.7682 and its highest was US$0.8828. <\/li>\n<\/ul>\n<\/div>\n
          \n

          Today’s crypto news to know <\/h3>\n

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          World Liberty Financial sets up US$1.5B crypto treasury<\/h4>\n

          World Liberty Financial, a digital asset venture backed by Donald Trump and his sons, has announced plans to establish a US$1.5 billion \u201ccrypto treasury\u201d in partnership with Nasdaq-listed blockchain firm ALT5 Sigma. <\/p>\n

          Under the deal, ALT5 will sell US$1.5 billion worth of shares, half of which will be paid for in World Liberty Financial\u2019s in-house token, $WLFI. The remaining funds will go toward purchasing $WLFI on the market, settling litigation, paying down debt, and other corporate uses. <\/p>\n

          The company says unnamed institutional investors and venture capital firms have participated in the share sale. Crypto treasury models have grown in popularity this year amid a friendlier US regulatory stance under Trump\u2019s administration. <\/p>\n

          The project\u2019s leadership is heavily tied to the Trump family, with Donald Trump listed as \u201cco-founder emeritus\u201d and Eric, Donald Jr., and Barron Trump holding co-founder titles. <\/p>\n

          As part of the arrangement, Eric Trump will join ALT5\u2019s board and Zach Witkoff will serve as its chair.<\/p>\n

          Ethereum approaches all-time high on institutional buying surge <\/h4>\n

          Ethereum (ETH) continues its weekend run, currently trading within the US$4,300\u2013US$4,400 range and closing in on its November 2021 record high of US$4,878. <\/p>\n

          Analysts attribute the rally to strong technical momentum, reduced exchange supply, and a surge in institutional investment. <\/p>\n

          On August 8, ETH exchange-traded funds saw US$460 million in inflows, surpassing Bitcoin\u2019s US$400 million on the same day. ETF and treasury-owned ETH holdings have risen from YS$24 billion in July to US$33 billion, driving available supply on exchanges to its lowest since 2016. <\/p>\n

          Investment firm BlackRock reportedly purchased over $12 billion worth of ETH on August 12, while Bitmine Immersion is seeking US$20 billion to acquire more, according to SEC filings. <\/p>\n

          While some analysts expect ETH to test its all-time high imminently, others caution that a pullback in September is likely. <\/p>\n

          Bullish raises US$1.1B in oversubscribed IPO<\/h4>\n

          Crypto exchange operator Bullish has completed a US$1.1 billion initial public offering, pricing its 30 million shares at US$37 each and above the marketed range. <\/p>\n

          The higher pricing gives the firm a market capitalization of roughly US$5.4 billion, based on SEC filings. The IPO, which was more than 20 times oversubscribed, drew interest from major investors including BlackRock and ARK Investment, which together considered buying up to US$200 million in shares. <\/p>\n

          Bullish had previously abandoned a 2021 SPAC merger that would have valued it at US$9 billion, but has since positioned itself as an institutional-grade platform offering spot, margin, and derivatives trading. <\/p>\n

          The exchange\u2019s largest shareholders after the offering will be co-founder and Block.one CEO Brendan Blumer with 30.1 percent, and board member Kokuei Yuan with 26.7 percent. <\/p>\n

          The IPO was led by JPMorgan, Jefferies, and Citigroup, with the company set to debut on the NYSE under the ticker BLSH. <\/p>\n<\/div>\n

          Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n

          Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/p>\n<\/p>\n

          This post appeared first on investingnews.com<\/div>\n

          <\/p>\n","protected":false},"excerpt":{"rendered":"

          Here’s a quick recap of the crypto landscape for Wednesday (August 13) as of 9:00 a.m. UTC. Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin and Ethereum price update Bitcoin (BTC) was priced at US$120,352, up by 1.5 percent over the last 24 hours.…<\/p>\n","protected":false},"author":1,"featured_media":276,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/posts\/275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/comments?post=275"}],"version-history":[{"count":0,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/posts\/275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/media\/276"}],"wp:attachment":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/media?parent=275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/categories?post=275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/tags?post=275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}