Exclusive revelation: the rise of the White House crypto empire and the power reshuffling in the crypto circle.
A mysterious $2 billion transaction 'sleeps' in Binance wallets, generating $30 million in annual profits for the Trump family - this is just the tip of the iceberg of the crypto alliance between Binance and the White House.
Technical blood transfusion: Binance has personally forged the foundation of the presidential family's stablecoin.
Three directly informed sources revealed that Binance's engineering team secretly wrote the core smart contract code for USD, supporting the underlying lifeblood of the Trump family's World Liberty Financial (WLF) stablecoin.
Although WLF publicly claims that asset custody is handled by California company BitGo, the true technical control lies firmly in Binance's hands. Even more intriguing is the timeline: Zhao Changpeng secretly met with WLF co-founder Steve Witkoff (Trump's Middle East envoy) in December 2024 in Abu Dhabi, and just three months later, USD1 emerged.
The curtain rises on the alliance between a serious criminal with a $4.3 billion fine and the White House power circle.
The $2 billion magic: a capital feast of hand-to-hand transfer.
In early May, the Abu Dhabi sovereign fund MGX announced a $2 billion investment in Binance, with the payment tool being the newly born USD - this operation directly disrupted industry norms (which typically use mature stablecoins like USDC) and rendered the original $60 million promotional revenue sharing agreement between Binance and Circle void.
The real explosive point is hidden in on-chain data: 90% of this capital (approximately $1.8 billion) has remained stagnant in Binance wallets without any movement. Based on the current 4% yield on U.S. Treasury bonds, these assets generate about $80 million in interest annually, with the Trump family siphoning off $30 million through holding entities.
"Since the Civil War, we have never seen such a severe conflict between a president's personal economic interests and public duties!"
- Richard Painter, Law Professor at the University of Minnesota.
Traffic privilege: 'presidential access' for 275 million users.
Binance's support for USD1 is unprecedented: it was included in the BNB chain's 'zero-fee trading plan' upon launch, whereas similar promotions usually require tens of millions of dollars in fees. In contrast, stablecoin giant Circle previously paid $60 million upfront and promised revenue sharing for equivalent resources.
The market reaction was nothing short of insane: USD1's market cap soared from $128 million to $2.1 billion within 48 hours, making it the seventh largest stablecoin globally. Its 99% circulation is concentrated on the BNB chain, forming a de facto 'Binance-White House ecological closed loop.'
Pardon negotiations: the ultimate transformation from prison inmate to presidential ally.
As $2 billion worth of USD1 transactions are locked, Zhao Changpeng publicly admitted in May: he has formally submitted a presidential pardon application to Trump. He stated on a podcast: "No serious criminal would refuse a pardon" - he had previously spent 4 months in prison for violating the (Bank Secrecy Act), while Binance paid a $4.3 billion fine.
Regulatory 'loosening' occurred simultaneously: the U.S. Securities and Exchange Commission (SEC) suddenly withdrew its 2023 lawsuit against Binance in May, and the Trump administration systematically withdrew several cryptocurrency lawsuits from the Biden era.
Zhao Changpeng threatened to sue Bloomberg for reporting 'full of factual errors' while admitting on X platform that the pardon application was a 'response to media reports'; this meticulously designed public relations game has already been exposed to the light.
Political wealth: the explosive expansion of the White House crypto landscape.
According to the Bloomberg Billionaires Index, the Trump family's crypto business (including USD1, TRUMP meme coins, etc.) surged by $620 million in wealth within months. Ironically, 90% of WLF investors come from Europe, Asia, and other non-U.S. regions - a stark contrast to the 'America First' slogan.
More ambitious plans are unfolding: Trump is pushing for the (GENIUS Act), which has a 75% approval rating, to accelerate stablecoin legislation while allowing family businesses to seize the market. Government ethics experts warn that this move has crossed the red line of (federal conflict of interest laws).
The ultimate showdown: the revolving door of crypto capital and political power.
As Zhao Changpeng's wallet locks in $2 billion USD1 for the Trump family to continuously earn interest, as the SEC mysteriously withdraws its lawsuit against Binance, and as President's son Eric exclaims 'Revolutionizing finance with USD1'...
These chains have formed a 'technology-capital-politics' triad of interests.
The BNB market has first sensed the risk: daily active addresses plummeted by 5%, and on-chain transaction volume crashed by 20% to $467 million. Investors are voting with their feet, warning that when exchanges are too closely tied to the highest authorities, systemic risks will devour the belief in decentralization.
Old Zhu summarizes:
Trump made a big deal with CZ!
Binance secretly built a money printing machine for the president's family (USD1 stablecoin), and then the UAE tycoon invested $2 billion in Binance using this 'new currency' - the result is that 90% of the money hasn't moved at all, just the interest allows the Trump family to pocket $30 million a year!
Even more outrageous: CZ exchanged this operation for a presidential pardon, the SEC immediately dropped the lawsuit, and legislation was passed to greenlight his own business...
Brothers, when the exchange hugs the White House's thigh, is your coin still safe?
Remember: in the crypto circle, use political obscurity to divert traffic and monetize insider information - follow Old Zhu to make real gains without playing tricks.
