Trump-Backed World Liberty Financial Forges Partnership With Ethena Labs — ENA Token Gains Amid Broader Slump
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2024
0mins
Source: Benzinga
Partnership Announcement: World Liberty Financial, a cryptocurrency project associated with Donald Trump, has partnered with Ethena Labs to explore the use of Ethena Staked USDe as collateral in their upcoming protocol, potentially benefiting users with rewards.
Financial Activity: Following the partnership, World Liberty Financial invested $250,000 in Ethena's ENA tokens and has spent $45 million on various crypto assets since November 30, while also being supported by notable figures like Justin Sun.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
