Although the information in the report has not been directly confirmed by primary sources, it is based on three anonymous insiders. Binance’s founder Changpeng Zhao (CZ) strongly denied the accusations and announced he is considering a defamation lawsuit. However, his statement did not directly refute any of the technical details mentioned in the report. 

How Deep is the Connection Between Binance and USD1? 

There is no documented concrete partnership between Binance and Trump yet. However, the report emphasizes that their link is not superficial. For example, USD1 quickly reached a $2 billion market cap, while its circulating supply remained extremely limited. This suggests that the majority of the stablecoin is controlled by specific actors. 

Analysis in Bloomberg’s article claims that a significant portion of this supply is still held by Binance, and market manipulation occurs through buying and selling activities. Moreover, the process reportedly provides steady income to the Trump family, creating a financial interest. Binance founder Changpeng “CZ” Zhao reacted to the news here: 

4. FUD. Bloomberg just wrote another hit piece (sponsored by a competitor) containing so many factual errors I don't even know where to begin.

Might have to sue them again for defamation. https://t.co/FevGMArHj8

— CZ BNB (@cz_binance) July 11, 2025

The listing of USD1 on Binance attracted more attention with other Trump-linked crypto assets also moving to the platform. Additionally, a $32.8 million transfer of Trump’s memecoins directly to Binance further strengthened this connection. 

Allegations Continue, Parties Remain Silent 

Trump’s White House representatives declined to comment on the news. Officials from World Liberty Financial described the report as an “attempt to create political agenda.” CZ’s statements mostly contained personal criticisms directed at the reporters. A Binance spokesperson reminded that CZ no longer holds an official role in the company but did not provide data that would directly disprove the allegations. 

It is worth recalling that CZ was previously convicted on money laundering charges and later applied for a presidential pardon. At that time, his denials were later confirmed to be false. Therefore, public trust remains low. 

In the end, only a court process can clarify whether the allegations are true or not. If Binance indeed wrote the code for USD1 and financially benefited the Trump family during this process, it will raise both ethical and legal controversies. 

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Binance Leads in Liquidity and Bitcoin Investments 

According to CryptoQuant data, Binance is three times larger than its closest competitor, OKX exchange. OKX’s stablecoin reserves stand at only $8.20 billion, or 15.39%. This indicates that the majority of digital currency trading takes place on Binance. 

Furthermore, as of 2025, Binance has surpassed all other exchanges with inflows totaling $180 billion. This data reflects increased trust in the exchange and signals a possible bull market. This liquidity growth may support the next upward market movement. 

High inflows also indicate a rising user base and increased trading volume. Additionally, institutional investors are believed to be turning to Binance. Binance receives more average Bitcoin (BTC) investments than any other exchange, proving users trust Binance’s infrastructure for BTC transactions. 

Binance Maintains Strength Despite SEC Pressure 

Compared to other major exchanges, Binance’s dominance is striking. Coinbase’s stablecoin reserves are $5.33 billion, Bybit’s $2.73 billion, and MEXC’s $2.24 billion. However, despite past investigations by the U.S. Securities and Exchange Commission (SEC), Binance has not lost its leadership. The recent dismissal of the SEC’s lawsuit against Binance was a significant development for the sector. 

Leading crypto exchange views this process as a turning point and focuses on growth. CEO Richard Teng called on the community to “focus on building.” According to him, innovation, not speculation, is essential to lead in crypto. 

Whether Coinbase, OKX, and Kraken can compete with Binance remains uncertain. For now, Binance’s market dominance continues undisputed. 

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After a 10% correction from the all-time high of $108,300 on December 17, 2024, Bitcoin is preparing for a new rally.

Ryan Lee, chief analyst at Biget Research, believes that Bitcoin could surpass $120,000 in January, a movement potentially triggered by Donald Trump’s inauguration on January 20. Lee predicts that Bitcoin could exceed $120,000 in the short term, but a correction might follow due to profit-taking. Furthermore, the “January effect” could come into play at the beginning of 2025, with renewed investments and increased market optimism.

To gauge Bitcoin’s performance, investors should monitor spot Bitcoin exchange-traded fund (ETF) inflows, the performance of the US stock market, and the upcoming FTX repayments scheduled for January 3.

Lee’s predictions align with those of other analysts who believe Bitcoin will reclaim six-figure prices in January.

$45 Billion Stablecoin Reserves to Fuel Bitcoin Rally

The anticipated rally in January will benefit from nearly $45 billion worth of stablecoin reserves. Binance’s stablecoin reserves reached $44.5 billion as of December 31, 2024, coming very close to the all-time high of $45.8 billion recorded on December 11. According to CryptoQuant data, these reserves contributed to Bitcoin’s price increase.

On December 11, 2024, Bitcoin saw an over 4.7% intraday rise, closing above $101,000, driven by stablecoin reserves.

An increase in stablecoin inflows into crypto exchanges signals potential buying pressure and rising investor interest, as stablecoins are the primary on-ramp from fiat to the crypto world.

Bitcoin is expected to face significant resistance above $95,000 and $96,400. If it surpasses these levels, it could trigger a $1.24 billion liquidation of leveraged short positions across all exchanges, according to CoinGlass data. A move above $96,400 could result in a major reset.

Bitcoin’s $160K Target for 2025

Bitcoin has high targets for 2025. Some analysts predict the price could reach $160,000, driven by improving US financial policies.

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The post Bitcoin Targets $120K in January: The Reason? Binance! appeared first on Coin Engineer.