The world's leading crypto exchanges are caught in a tense showdown,$BNB

Bloomberg reports that Binance's wallet is holding over $2 billion in USD1, while accusing CZ of seeking a pardon from President Trump. However, the article does not provide any direct evidence that Coinbase is the source of the information.

Several prominent figures online have also voiced sharp opinions. The account Ian Miles Cheong wrote:

"Bloomberg is despicable. I bet that competitors like Coinbase are behind this. Higher fees, worse platform. They are trying to take down Binance by tying it to Trump. What kind of journalism is that?"

Meanwhile, the account Wall Street Mav commented:

"Binance is the largest exchange in the world. They support a lot of projects from the early stages. The media is trying to turn that into a scandal just to attack Trump."

The fierce rebuttal from both Coinbase and Binance shows the increasing reputational risk in the context of a deeply politicized crypto market. Coinbase is protecting its image of transparency, while Binance is still trying to restore its reputation after a series of agreements with regulators. The story not only highlights the fierce competition among exchanges but also serves as evidence that the 'game' of crypto is now taking place on the fronts of media and politics.