#TradeStories 🚨 Binance in the Spotlight: Trump-Backed $2B Investment Sparks Global Buzz

Binance is making headlines after a UAE-backed fund, MGX, announced plans to invest $2 billion into the exchange using USD1, a stablecoin launched by Donald Trump’s World Liberty Financial. The deal, unveiled at the TOKEN2049 conference in Dubai by Eric Trump and co-founder Zach Witkoff, positions USD1 as a potential rival to USDT and USDC in the stablecoin market .

This move has stirred controversy, with critics raising concerns about potential conflicts of interest, especially given Binance's past regulatory challenges and the Trump family's involvement in the crypto space .

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🔥 Other Binance Highlights

Bitcoin Surge: BTC reached a daily high of $97,731.8, marking a 3.08% increase, with institutional funds like BlackRock's Bitcoin ETF seeing significant inflows .

New Listings: Binance announced the launch of Doodles (DOOD) trading on Binance Alpha and Futures starting May 9, 2025, offering up to 50x leverage .

Regulatory Adjustments: Binance will suspend deposits and withdrawals for certain tokens ahead of the Ethereum network upgrade scheduled for May 7, 2025 .