Sui, a layer-1 Blockchain, developed by San Francisco-based Mysten Labs, announced on March 6, 2025 that it has partnered with World Liberty Financial (WLFI). Sui’s native token, SUI will be included in WLFI’s “Macro Strategy” strategic token reserve, and both entities will explore product development opportunities together as part of the deal.
WLFI, which is a decentralised finance (DeFi) protocol, has fallen into controversy due to its ties with the family of US President Donald Trump. WLFI, however, insists that none of Trump’s family members hold any position.
WLFI relies on Aave v3 for lending and borrowing functions, despite marketing itself as a DeFi innovator. This has also led to questions about its originality and independence, reports Cointelegraph.com.
The inclusion of Sui’s in WLFI’s reserve is not totally unexpected, as Eric Trump, the president’s son, has publicly extended support for the cryptocurrency.
According to Messari, the network is coming off a successful 2024 campaign, with its market capitalisation surging over 153 per cent in the last quarter. DeFi activity on Sui has also been on the rise, with its average decentralised exchange (DEX) volume skyrocketing 1,591 per cent year-over-year (y-o-y). According to data from DefiLlama, it currently ranks among the top 20 cryptocurrencies and is a top-10 Blockchain in DeFi by total value locked (TVL), standing at $1.283 billion.
This partnership has voiced the concerns of legitimacy of WLFI, but Sui community and its development team has celebrated the partnership.
Massachusetts Senator Requests Disclosures From Trump’s Crypto Czar
Elizabeth Warren, the senator of Massachusetts and a ranking member of the Senate Banking Committee, is asking for White House AI and Crypto Czar David Sacks to back up his claims that he no longer holds any digital assets.
In a letter to Sacks on March 6, 2025, Warren suggested that US President Donald Trump and “other private individuals” would directly benefit from the executive branch’s digital asset policies.
Concerned about any conflicts of interest, she asked Sacks to disclose any financial information to the public and to offer details regarding his alleged role as a “special government employee”. Since the Trump administration’s appointment of Sacks as a crypto czar in December 2024, Warren has cited Sacks’ involvement and has expressed concerns over conflict of interest.
Trump had signed an executive order in January 2025 to form a working group exploring digital asset regulation – chaired by Sacks – including a US crypto stockpile. Trump had said during the signing of the executive order that Sacks would personally profit from the government policies he was supervising, and would “make a lot of money”. On March 2, 2025, Trump declared that in addition to Bitcoin and Ether, which Sacks possessed, but claimed to have sold before January 20, he had instructed the working group to add XRP, Solana, and Cardano to the crypto reserve.
NFT Trading Volume Down 63% Since December
With the crypto market on a downturn, the trading volumes of non-fungible tokens (NFTs) were down by more than 60 per cent last month from December 2024, despite building momentum.
According to DappRadar analyst Sara Gherghelas, the total trading volumes for NFTs fell 26 per cent in January 2025 from $1.36 billion in December 2024. This trend followed in February 2025 and fell by 50 per cent.
“While NFTs had been showing signs of a comeback in recent months, their momentum has slowed since the start of the year,” she said.
Gherghelas attributed the downturn in NFT valuations to its correlation with crypto prices.
