MAROKO133 Hot crypto: Binance CEO Denies Promoting Trump Stablecoin Before CZ Pardon Edisi

📌 MAROKO133 Hot crypto: Binance CEO Denies Promoting Trump Stablecoin Before CZ Pa

Binance CEO Richard Teng rejected claims that the exchange boosted a Trump-backed stablecoin to secure a presidential pardon for former chief Changpeng Zhao.

The allegations center on a $2 billion investment from Abu Dhabi’s state-owned MGX, settled using USD1, a stablecoin created by World Liberty Financial, the Trump family’s crypto venture.

MGX’s investment and Binance’s subsequent listing of USD1 strengthened the stablecoin’s market position, prompting lawmakers and media reports to suggest this may have influenced Zhao’s pardon.

Speaking to CNBC on Monday, Teng dismissed any preferential treatment, noting MGX decided independently to use USD1 for the transaction and that other exchanges had already listed the token before Binance.

Corruption Allegations Mount Over Binance-Trump Ties

According to Wall Street Journal, Binance not only facilitated MGX’s USD1 settlement but also helped build the stablecoin’s underlying technology, citing anonymous sources.

World Liberty Financial gained significantly from USD1’s Binance listing and a partnership with PancakeSwap, an online crypto marketplace linked to the exchange.

Senator Elizabeth Warren accused Binance and the Trump administration of corruption last month.

The vocal crypto critic said Zhao pleaded guilty to criminal money laundering charges, then boosted Trump’s venture and lobbied for clemency before the president obliged.

Critics have long questioned World Liberty Financial’s open connections to the White House as it pursues overseas partnerships and investors.

According to the platform’s website, DT Marks DEFI LLC and Trump family members reportedly receive major revenue shares and hold WLFI tokens backing the company, which is said to have netted hundreds of millions to billions in profits.

However, the site clarifies that Trump, his relatives, and affiliated entities are not officers, directors, founders, or managers of World Liberty Financial.

MGX’s $2 billion USD1 purchase occurred two weeks before the White House signed a major microchip access agreement with the UAE, raising additional concerns about potential conflicts.

Trump Dismisses Questions About Pardon and Family Business

During a 60 Minutes interview on Sunday, President Trump claimed he didn’t know who Zhao is, despite having granted the pardon.

When pressed about Zhao’s guilty plea for violating anti-money laundering laws, Trump called it a “Biden witch hunt” and said he was “too busy” to know about Binance’s $2 billion deal with his family’s venture.

The president insisted his sons run their crypto business independently without government involvement.

White House press secretary Karoline Leavitt defended the pardon in October, stating that Zhao was prosecuted without any allegations of fraud or identifiable victims.

Trump has since embraced the crypto sector, proposing new legislation while reversing enforcement actions that targeted exchanges like Coinbase and Ripple.

Zhao stepped down from Binance in 2023 after pleading guilty to enabling money laundering through inadequate anti-money laundering controls.

He served four months in prison before receiving clemency.

Teng said Monday the industry felt “very thankful” for the pardon and Trump’s vision of making America the “global crypto capital.”

Binance Plans US Market Return

<a href="https://cryptonews.com/news/binance-eyes-us-return-after-trump-pardon-for-cz…

Konten dipersingkat otomatis.

🔗 Sumber: cryptonews.com

📌 MAROKO133 Hot crypto: Crypto Underperforms Equities Market Despite Rate Cuts and

The crypto market continues to underperform equities since April, with major assets showing flat movement.

Bitcoin is down over 15% in the last 30 days despite recent macro tailwinds from the Fed rate cut and the announcement to end quantitative tightening (QT) by December.

The S&P 500 has maintained a 1.66% gain in the last 30 days, extending year-to-date gains to 16.76%.

This contrasts sharply with Bitcoin’s mere 4.2% YTD gain, despite being the smaller asset with roughly $2.1 trillion in market cap compared to the S&P 500’s over $60 trillion valuation.

Liquidity Expanding, But Not Into Crypto

According to the November 2025 market report from crypto market-making fund Wintermute, liquidity is expanding globally, yet capital isn’t reaching the crypto sector.

The Federal Reserve’s M2 Money Supply shows liquidity trending upward since June 2023, with an addition of over $2 trillion, now standing at over $22 trillion as of September 2025.

Despite this expansion, crypto ETF inflows have stalled, and digital asset treasury (DAT) activities on blue-chip crypto like Bitcoin, Ethereum, Solana, and BNB have dried up.

“Crypto market structure looks healthy with leverage flushed and positioning clean, but a pickup in ETF or DAT flows will be the key signal for renewed liquidity and a potential catch-up leg,” Wintermute stated.

Fed’s Rate Cut Fails to Lift Crypto

Last week’s Fed rate cut, FOMC minutes, and U.S. tech earnings brought inevitable volatility.

The selloff saw over $19 billion in leverage wiped out.

Some investors got caught leaning too bullish into the event as the 25bps was already priced in.

The concerning part, however, is that equities stabilized quickly, but crypto didn’t bounce.

The crypto market since then has shed over $500 billion, with Bitcoin falling to around $104,000, Ethereum sliding to $3,500, and BNB and SOL down over 20% each.

Most altcoins got slaughtered, with outperformance driven by short-term narratives.

The GMCI-30 dropped 12% last week. Losses were widespread as the Gaming sector went down 21%, L2s down 19%, Memes down 18%, and Mid and Small Caps fell 15-16%.

Only AI (-3%) and DePIN (-4%) showed resilience, helped by strength in names like TAO.

“Compared to other asset classes, crypto is the worst performer,” Wintermute concluded.

Liquidity Restructuring Shows Crypto Bull Run Not Over

Global liquidity is clearly expanding, but Central banks are cutting rates into relative strength, not weakness.

The problem is that incremental liquidity isn’t flowing into crypto like it used to.

Jasper De Maere, crypto strategist at Wintermute, noted that for this reason, “The concept of the four-year cycle is no longer relevant, even as increasingly loud voices on CT are starting to ascribe negative price performance to it.”

The mechanics that once drove the crypto four-year cycle, including miner supply and halving dynamics, no longer matter in a mature market.

What drives performance now is liquidity.

U.S. Government Shutdown Compounds the Problem

On-chain data from CryptoQuant shows the prolonged U.S. government shutdown has directly affected liquidity flow across Bitcoin and the broader crypto market.

According to the Congressional Budget Office, the lapse in federal spending could erase $7–14 billion in economic output.

<figure class="wp-block-embed is-type-rich is-provider-…

Konten dipersingkat otomatis.

🔗 Sumber: cryptonews.com