Trump-Backed Project Amasses $2.3B in ETH; "Bitcoin Jesus" Faces Extradition

Former President Donald Trump has made headlines in the cryptocurrency world, with his private declarations and endorsements having significant impacts on the market. In a recent development, World Liberty Financial, a project backed by Trump, has amassed a substantial amount of Ethereum (ETH), totaling over 75,000 ETH worth approximately $2.3 billion. This accumulation, which includes 55,872 ETH and 19,406 STETH, represents a significant 61.73% of the project's total assets, valued at around $3.7574 billion. This strategic move highlights the growing intersection of traditional influence and the evolving cryptocurrency marketplace, demonstrating how substantial capital can flow into crypto-backed initiatives.

Meanwhile, Roger Ver, often referred to as "Bitcoin Jesus," has found himself in a legal predicament. Facing extradition to the United States from Spain, Ver could potentially face a life sentence of up to 109 years for alleged tax evasion. Ver has appealed to Trump, his "last hope," to intervene and stop the extradition. He claims that the charges are politically motivated and stem from his advocacy for Bitcoin rather than tax evasion. Ver's legal troubles have drawn comparisons to Ross Ulbricht, the Silk Road founder who received clemency during Trump's presidency.

In the realm of Bitcoin exchange-traded funds (ETFs), inflows into spot Bitcoin ETFs in the United States have slowed down over the past week, despite the optimism that followed Trump's inauguration. According to data from SoSoValue, the 12 spot Bitcoin ETFs attracted approximately $1.76 billion from investors, a decrease of around 10.5% from the $1.96 billion recorded the previous week. This slowdown in inflows contrasts with the expectations of the crypto community, which anticipated a surge in investment following Trump's inauguration.

The decline in weekly inflows to Bitcoin ETFs coincided with a shift in Bitcoin's price momentum following President Donald Trump's signing of an executive order on Jan. 23. The order aimed to establish a working group focused on digital assets but fell short of expectations within the crypto community. Although the executive order outlined plans to advise the White House on digital asset policy and assess the potential for creating a government-held stockpile of seized cryptocurrencies, it stopped short of proposing