📍Binance vs Coinbase: The underlying battle that has always simmered

📌 Matt Wallace has accused Coinbase of being behind the media campaign attacking CZ, Trump, and the USD1 stablecoin, aiming to hinder the pardon for CZ and prevent Binance from returning to the US market (which would threaten Coinbase's dominant position).

📌 The drama started 3 days ago from a Bloomberg article suggesting Binance holds 90% of the #USD1 supply – a stablecoin backed by World Liberty Financial, an organization believed to be linked to the Trump family. Bloomberg accused Binance of plotting political profiteering.

📌 CZ immediately retaliated, threatening to sue Bloomberg for publishing defamatory news targeting Binance, also implying that Coinbase is the one behind the entire smear campaign. Shortly after, Coinbase's CLO - Paul Grewal immediately denied any involvement.

📌 The drama between Binance and Coinbase is not just a personal conflict or a media battle – but an inevitable consequence of a race for control over the most lucrative market on the planet.