- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Binance Founder CZ Clears Air on TRUMP and $2B MGX Deal
By: cryptosheadlines|2025/05/16 07:45:05
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Binance founder Changpeng ‘CZ’ Zhao has recently addressed false reports linking the TRUMP digital coin to a $2 billion investment deal involving Abu Dhabi’s MGX and Binance. The rumors suggested that the TRUMP token played a role in the transaction. However, CZ has clarified the facts, set the record straight, and removed any confusion surrounding the deal.Binance Founder Corrects Wrong ReportageIn his latest post on X, Changpeng Zhao responded to misinformation about the $2 billion MGX investment in Binance. Contrary to some reports, the deal was completed using the USD1 stablecoin, unrelated to the Trump digital coin. CZ emphasized that the transaction was between a private investor and the Binance Abu Dhabi-based entity. He added that the payment could come in any currency the payer chooses, such as Bitcoin, AED, USD, or USD1. He explained that after receiving funds, it is at the discretion of the receiver to convert them to other currencies depending on market conditions. Zhao also mentioned Binance’s reputation for having the best global liquidity, simplifying such large transactions. CZ’s statement aimed to clear the air and dispel the misleading claims linking the TRUMP memecoin to the deal.Aside from the present media reactions, CoinGape noted earlier that the Binance founder is always making global headlines. Against some critics, he recently refuted the idea that an exchange listing impacts crypto price.Prior to the clarification, many believed that listing on top crypto exchanges may set a token up for a big breakout.World Liberty Financial and Binance TiesThe USD1 stablecoin used in the MGX investment is issued by World Liberty Financial (WLFI), a firm linked to the Trump family. This connection has drawn scrutiny, especially since the Trump family is reportedly considering acquiring a stake in Binance US, the American branch of the exchange. Reports surfaced that Binance initiated talks with Trump’s allies in 2024 to strike a deal to revive Binance US. Despite this, CZ denied involvement in any such deal or discussions about seeking a presidential pardon. The use of USD1 stablecoin in a major investment like the MGX deal has raised questions about the growing ties between World Liberty Financial and the crypto exchange. However, CZ maintains that the stablecoin is simply one of many currency options available for transactions and does not imply deeper involvement.President Donald Trump and Controversial Crypto TiesIt is worth noting that the relationship between Binance, the Trump family, and the crypto market has attracted the attention of US lawmakers. Earlier this year, CoinGape reported that Democratic Senators, including Elizabeth Warren and Chris Van Hollen, asked the Treasury and Justice Department to investigate the entities’ connection.The plan was to clarify Binance’s relationship with the Trump family. This comes after Binance faced regulatory problems and suffered a penalty for anti-money laundering violations.Unfortunately, the Trump-linked World Liberty Financial’s role in issuing the USD1 stablecoin, which was part of the MGX deal, further complicates the assertions. ✓ Share: Godfrey Benjamin Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.Source link
You may also like
Key Market Information Discrepancy on March 13th - A Must-See! | Alpha Morning Report
1. Top News: Latest Developments in US-Iran Conflict, Son of Soleimani Vows Revenge, US Navy Plans to Escort Ships in the Strait of Hormuz
2. Token Unlock: $HTM
On-Chain Options Explosion.ActionEvent
Options are becoming the new anchor in the cryptocurrency market.
《Time》 Magazine Names Anthropic as the World's Most Disruptive Company
The most AI-wary company has created the most dangerous AI
Predictions market gains mainstream traction in the US, Canada, Claude launches Chart Interaction feature, What's the English community talking about today?
What Did Foreigners Care About Most in the Last 24 Hours?
500 Million Dollars, 12 Seconds to Zero: How an Aave Transaction Fed Ethereum's "Dark Forest" Food Chain
Spend $154,000 to buy AAVE at market price of only $111
AI Agent needs Crypto, not Crypto needs AI
It is not Crypto that needs AI to survive, but rather AI Agents that need Crypto to be implemented: when AI truly shifts from "thinking" to "executing," it must seek the boundaries of authority and funding within the programmable primitives of Crypto.
Stablecoins are breaking away from cryptocurrency, becoming the next generation of infrastructure for global payments
The use of stablecoins is shifting from facilitating low-cost cross-border remittances to supporting general commercial activities and inter-company vendor payments.
Web3 teams should stop wasting marketing budgets on the X platform
The announcements from the project party are still very important, but they should no longer be the starting point of promotional activities; instead, they should be the endpoint.
Strive buys Strategy stocks, and Bitcoin treasury companies start nesting each other
When everyone's bets are placed on the same table, the difference between "structured financing" and "concentrated gambling" may just be a few more arrows drawn on the PPT.
Strive to buy Strategy stock, Bitcoin Treasury company starts nesting dolls with each other
Bitcoin hodlers are starting to nested be in each other.
Key Market Intel on March 12th, how much did you miss out on?
1. On-chain Funds: $29.7M inflow to Hyperliquid today; $30.9M outflow from Base
2. Biggest Gainers/Losers: $DRV, $LYN
3. Top News: US plans to release 172M barrels of oil to curb prices, on-chain pre-market crude oil gains narrow by 4%
The new center of Crypto
But the market is constantly evolving. By 2026, companies that can adapt to the new environment will survive, while those that continue to rely on the old script may face the fate of elimination.
Former Coinbase CPO's lengthy article: I have regrets, but I still firmly believe in Crypto
People often fantasize that wealth comes from catching every new wave. Sometimes this is true. But more often, wealth comes from riding a real wave and not blindly paddling away every time the water splashes around.
Hormuz Strait Triggers Oil War, Will the Fed Blink with a Rate Cut in June?
Polymarket data shows that the current market is betting a 64% probability of an interest rate cut in June this year, with the probability rising to 81% for September.
After Law Enforcement in the US and the UK Seized Cryptocurrency, ‘Asset Return’ Never Really Happened
The digital assets that should have been returned to the victims have quietly flowed into government treasuries, strategic reserve funds, and law enforcement agencies' operational budgets.
Why Does Everyone Hate AI?
AI and Silicon Valley's PR Crisis
Kyle Samani Returns to Crypto? Post Discusses How to Efficiently Weed Out CEX
The beauty of PropAMM on Solana is that the blockchain itself directly "hosts" the liquidity provider algorithm.
What are the chances of a 5X MOONSHOT for HYPE?
Hyperliquid is building a new growth logic
Key Market Information Discrepancy on March 13th - A Must-See! | Alpha Morning Report
1. Top News: Latest Developments in US-Iran Conflict, Son of Soleimani Vows Revenge, US Navy Plans to Escort Ships in the Strait of Hormuz
2. Token Unlock: $HTM
On-Chain Options Explosion.ActionEvent
Options are becoming the new anchor in the cryptocurrency market.
《Time》 Magazine Names Anthropic as the World's Most Disruptive Company
The most AI-wary company has created the most dangerous AI
Predictions market gains mainstream traction in the US, Canada, Claude launches Chart Interaction feature, What's the English community talking about today?
What Did Foreigners Care About Most in the Last 24 Hours?
500 Million Dollars, 12 Seconds to Zero: How an Aave Transaction Fed Ethereum's "Dark Forest" Food Chain
Spend $154,000 to buy AAVE at market price of only $111
AI Agent needs Crypto, not Crypto needs AI
It is not Crypto that needs AI to survive, but rather AI Agents that need Crypto to be implemented: when AI truly shifts from "thinking" to "executing," it must seek the boundaries of authority and funding within the programmable primitives of Crypto.
App