Stablecoin outflows from exchanges slowed to $2 billion over the previous month, suggesting capital is consolidating inside the crypto sector moderately than exiting. Binance dominates the market with $47.5 billion in stablecoin reserves, 65% of the overall tracked, closely concentrated in USDT. Regardless of the stabilising outflows, analysts warn thisContinue Reading
Binance is reportedly contemplating lowering co-founder Changpeng “CZ” Zhao’s majority stake to resolve regulatory hurdles that stop the change from increasing into key US states. The corporate is exploring strategic partnerships with U.S. companies like BlackRock and the Trump-linked World Liberty Monetary (WLFI) to strengthen its home market place. HypothesisContinue Reading
Pakistan signed a Memorandum of Understanding (MOU) with Binance to discover the tokenisation of as much as $2 billion of presidency property, together with sovereign bonds, treasury payments, and commodity reserves. The finance ministry intends for the plan to check whether or not blockchain-based distribution of those real-world property RWAsContinue Reading
Binance CEO Richard Teng rejected allegations that the change promoted the Trump-affiliated stablecoin USD1 to assist safe a presidential pardon for former CEO Changpeng “CZ” Zhao. Teng claimed that the MGX funding in Binance used USD1 on account of MGX’s unbiased resolution, regardless of experiences that Binance helped construct theContinue Reading
President Donald Trump pardoned Binance founder Changpeng “CZ” Zhao on Oct. 23 after Zhao had served 4 months in jail for violating US banking legal guidelines. Trump claimed he didn’t know who Zhao was however characterised him as a “revered entrepreneur” whose pardon aligned with the aim of US competitivenessContinue Reading
In a letter from her lawyer, US Senator Elizabeth Warren has defended herself in opposition to threats of defamation from former Binance CEO, Changpeng ‘CZ’ Zhao, claiming her X feedback about his previous authorized troubles are true. The dispute stems from feedback Warren made on social media platform X aboutContinue Reading
Trump’s pardon of Binance founder Changpeng Zhao ends a year-long authorized saga and indicators a friendlier stance on crypto regulation. The choice follows in depth lobbying and comes amid rising hyperlinks between Binance and the Trump household’s crypto enterprise. Lawmakers from each events have criticised the transfer, warning it dangersContinue Reading
Warren, Hirono, and Blumenthal press the DOJ for answers on Binance’s compliance with its 2023 settlement. Senators raise concerns over Trump family’s Binance ties and possible removal of compliance monitor. Lawmakers request that the DOJ deliver substantive answers about Binance’s obligations by 1 October 2025. US Senator Elizabeth Warren andContinue Reading
Eric Trump has refuted claims made by the New York Times that the United Arab Emirates was provided access to advanced computer chips in return for a deal involving the Trump-owned stablecoin USD1. In May, it was revealed that UAE-founded investment firm MGX invested US$2 billion worth of Trump-owned USD1Continue Reading
Binance and Franklin Templeton team up to create institutional-grade digital asset products for global investors. The collaboration merges Franklin Templeton’s tokenisation expertise with Binance’s extensive trading infrastructure. Goals include improving settlement efficiency, transparency, portfolio management, and capital market accessibility. Binance and Franklin Templeton have announced a strategic partnership to developContinue Reading
