Trump-backed World Liberty Financial Processes Over $889 Million On ‘Safe Protocol’ Institutional Account

Safe smart account infrastructure has executed 84 Safe Multi-sig transactions processing over $889M in volume through their institutional wallet. This growing pattern of major institutions choosing Safe for treasury operations reinforces its position as the leading secure infrastructure layer for digital assets. This comes with the recent news this week that The Ethereum Foundation has begun migrating its treasury operations to Safe Protocols RWA Smart Account, implementing a new 3-of-5 multisig wallet for managing 50,000 ETH (Approximately $160M) for DeFi support purposes. 

This implementation enables the Ethereum Foundation to actively participate in DeFi via Safe Protocol while maintaining institutional-grade security standards, marking another step toward Safe’s vision of moving the worlds GDP Onchain

The Future of Safe

Safe’s momentum continues to build with over $100B in assets and currently secures 6.8% of all USDC. This growth is accelerating across both traditional web3 assets and the rapidly expanding sectors of stablecoins and Real World Assets (RWAs), where transaction volumes and TVL have seen remarkable growth in 2024.

In the RWA space, Safe recently introduced Safenet, a transaction processing network offering significant revenue-sharing opportunities. This network integrates specialized co-processors to handle both on- and off-chain inputs from AI, RWA, DeFi, PayFi, DEXs, and beyond.

 Safe’s Milestones:

  • Ethereum Foundation begins adding treasury for DeFi onto Safe Protocol
  • World Liberty Financial processes over $889 Million in transaction volume on Safe institutional wallet
  • Over $100B in total assets stored
  • 53M transactions executed
  • 20M accounts deployed
  • 200+ ecosystem projects built on the Safe smart account standard

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US government’s DOGE website launches with Dogecoin logo

  • Department of Government Efficiency website launches with logo of Dogecoin.
  • DOGE price reacts higher to hit $0.40.

The price of Dogecoin rose sharply on Tuesday before paring some of the gains. This came as the US government officially launched the website for the Department of Government Efficiency (DOGE).

Notably, the Doge.gov site currently only showcases the Dogecoin token logo.

Elon Musk will lead the department, and the website’s featuring of the Dogecoin meme dog avatar quickly catalysed a significant surge in DOGE price. Per CoinGecko, dogecoin’s price reached highs of $0.40, having traded near $0.33 earlier in the day.

Trump unveiled DOGE

US president Donald Trump officially unveiled the Musk-led DOGE during his first speech following the inauguration on Jan. 20.

“To restore competence and effectiveness to our federal government, my administration will establish the brand-new Department of Government Efficiency,” Trump said.

Dogecoin and other cryptocurrencies had dipped post Trump’s recent speech, with the market reacting lower amid the lack of any crypto related remarks in the speech. Bitcoin fell to lows of $100k, while Trump’s meme coin TRUMP and the one by First Lady Melania Trump MELANIA dumping hard.

DOGE, the original meme coin cryptocurrency that features the iconic shiba inu dog, also crashed. The latest news has however seen bulls curtail the downward action with a spike above $0.37 to reclaim highs seen ahead of the inauguration.

What next for DOGE price?

If bulls manage to hold above $0.37, they could target the resistance at $0.41 seen last week and likely attempt to push past Dec. 2024 highs around $0.46.On the flipside, a decline could see bears eye $0.30.

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