$BNB
🇦🇪 Trump-Linked Stablecoin Facilitates $2B Binance Investment
Abu Dhabi-based investment firm MGX plans to acquire a $2 billion minority stake in Binance, the world's largest cryptocurrency exchange. The investment will be facilitated using USD1, a stablecoin launched by World Liberty Financial—a crypto firm associated with the Trump family. The announcement was made at the TOKEN2049 conference in Dubai by World Liberty co-founder Zach Witkoff and Eric Trump. USD1 is pegged to the U.S. dollar and backed by U.S. Treasuries and cash equivalents.
The deal has sparked controversy, with concerns about potential conflicts of interest, especially given Binance's history of regulatory scrutiny in the U.S. Former President Donald Trump, now a vocal crypto advocate, may financially benefit from the transaction through interest earned on token deposits.
📊 Binance Square Highlights
Binance Square, the platform's news and community hub, has announced several updates:
Market Update (May 6, 2025): Bitcoin (BTC) traded between $93,614 and $95,199 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $94,188, down by 0.44%.
Cryptocurrency Calendar for May 2025: Layergg released a comprehensive crypto calendar highlighting significant events for the month, including economic data releases and major crypto project milestones.
Cryptocurrency Market Outlook: Coinstages published an analysis of five digital assets to watch in May 2025, focusing on their recent performance and potential market impact.
Bitcoin Amid Trade War Tensions: An article discussing Bitcoin's volatility in the context of global trade tensions, providing insights into market dynamics.
📈 BNB Price Snapshot
As of the latest data:
Price: $597.14 USD
Change: -1.09 USD (-0.18%)
Intraday High: $599.69 USD
Intraday Low: $593.48 USD
