🏦 Trump-Linked Stablecoin to Invest $2 Billion into Binance
At the TOKEN2049 conference in Dubai, World Liberty Financial (WLF) — co-founded by Eric Trump and Zach Witkoff — announced a massive investment deal: $2 billion USD will be injected into Binance using their own stablecoin, USD1, backed by the Abu Dhabi-based MGX Fund.
This marks the largest institutional investment ever made into Binance.
However, the deal is stirring controversy in the U.S.:
Senator Elizabeth Warren accused the move of being politically corrupt.
The U.S. Congress is currently debating new regulations around stablecoins.
📰 Source: Investors | WIRED
⚖️ Binance Faces $79.5B Tax Case in Nigeria – Hearing Postponed
Binance’s legal battle in Nigeria continues as a tax evasion hearing has been postponed to May 12, 2025.
Nigeria’s Federal Inland Revenue Service (FIRS) accuses Binance of:
Owing $79.5 billion USD in unpaid taxes.
Causing the naira’s devaluation through unregulated crypto trading.
📰 Source: Reuters
📉 Market Watch: BNB Dips Below $600, BTC Nears $97K
BNB (Binance Coin): Trading at $599.98, down 0.04% in the past 24 hours.
Bitcoin (BTC): Trading at $96,999, up 0.44% in the past 24 hours.
📊 Source: Binance Market
🔧 New Features and Listings on Binance
New Listing – StakeStone (STO):
Available on Binance Earn, Buy Crypto, Convert, and Margin Trading.
Futures Price Calculation Update:
Binance will change how mark prices are calculated for futures on May 5, 2025.
HODLer Airdrops Add STO Rewards:
Users subscribed to BNB Simple Earn are now eligible for airdrops in StakeStone (STO).
📢 Source: Binance Announcements
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