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. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Binance and Trump USD1 Stablecoin Allegations Emerge! appeared first on Coin Engineer.

TRUMP Token’s Expansion to Tron and Its Importance 

TRUMP token launched in January on the Solana network with a 1 billion supply. Now, by migrating to Tron, the project aims to boost both trading volume and accessibility. Tron founder Justin Sun supported the announcement and reiterated his public endorsement of Trump. As one of the token’s most notable backers, Sun’s involvement is seen as crucial for wider adoption and reduced transaction costs. 

$TRUMP on #TRON is coming. Stay tuned! pic.twitter.com/S5WfV8APvU

— TrumpMeme (@GetTrumpMemes) July 7, 2025

Tron offers low transaction fees and fast transfers, which could significantly improve user experience. Moreover, with LayerZero’s cross-chain infrastructure, the token can easily be transferred across different blockchains. This increases its potential to spark renewed interest within the crypto community. 

Trump & Justin Sun Alliance: Political and Technological Impacts 

Justin Sun describes Trump’s engagement with the crypto industry as a “turning point.” The partnership between Trump and Sun became clear during a private dinner in May for TRUMP holders at Mar-a-Lago. Key figures like Magic Eden CEO Jack Lu and BitMart CEO Sheldon Xia were also present at the event. It was also revealed afterward that Sun is the largest individual holder of the TRUMP token. 

This move demonstrates that TRUMP token is evolving beyond its memecoin roots to become a political and technological instrument. Justin Sun continues his efforts to enhance Trump’s influence in the crypto sector. 

Now transitioning from Solana to Tron, the TRUMP token enters a new growth phase. This move underlines the importance of cross-chain integrations in today’s crypto landscape. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post TRUMP Token’s Unexpected Expansion! Moving to a New Network! appeared first on Coin Engineer.

Bitcoin Investment Strategy Still Intact

The company behind Truth Social, owned by former U.S. President Donald Trump, stated that the buyback will proceed without impacting its long-term Bitcoin strategy. Initial rumors of a $3 billion raise were denied, but later the company confirmed a $2.5 billion funding round, including a $2.3 billion private placement dedicated to acquiring Bitcoin.

SEC Greenlight and ETF Ambitions

The U.S. Securities and Exchange Commission (SEC), under the leadership of Trump-appointed Paul Atkins, approved the registration for the Bitcoin investment. The funds came from the resale of 56 million shares and 29 million shares related to convertible notes.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Separately, Trump Media has applied to launch a spot Bitcoin ETF, alongside a dual product including Ethereum (ETH). The SEC has been approving spot Bitcoin ETFs since January 2024 and Ether ETFs since May 2024.

Strategic Bitcoin Reserve and Legal Tensions

Earlier in March, President Trump issued an executive order proposing the creation of a Strategic Bitcoin Reserve and a Digital Asset Stockpile for government-held digital assets. However, U.S. lawmakers raised concerns, accusing Trump of leveraging his position to enrich crypto firms.

On the same day, Senator Adam Schiff introduced legislation that would ban the President and his family from promoting or sponsoring digital assets — a move that could legally challenge Trump Media‘s Bitcoin-focused initiatives.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Trump Media: $400M Buyback Won’t Affect $2.3B Bitcoin Strategy appeared first on Coin Engineer.

Rennick didn’t stop there—he also labeled Bitcoin as a Ponzi scheme, claiming its price will reach $1 million solely because institutions like BlackRock will continue pumping money into a supply-limited asset. “What exactly does it produce?” Rennick asked, answering himself: “Absolutely nothing.”

Bitcoiners Fire Back: ‘You Can’t Eat the Internet Either’

Bitcoin advocates didn’t remain silent. Journalist Laura Shin responded, “You also can’t eat the internet, so do you oppose that too?” while Bitcoin Marathon’s Jimmy Kostro added, “This will age well,” highlighting how outdated and shortsighted Rennick’s comments seemed.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

The Australian Bitcoin Industry Body (ABIB) also issued a formal statement, calling the Senator’s remarks a “deep misunderstanding” of digital assets. “Misunderstanding leads to misrepresentation. And misrepresentation leads to bad policy,” the group warned.

Rennick, however, dismissed the criticism, stating, “It’s pathetic how the Bitcoin community needs reassurance from a politician—the very people they claim they want to be free from.”

Political Attacks on Bitcoin Becoming a Trend

This isn’t an isolated incident. Just weeks ago, Arizona Governor Katie Hobbs vetoed a bill that would have allowed the state to hold Bitcoin in its official reserves, triggering similar outcry. Prominent figures like Anthony Pompliano criticized the decision, asking, “Imagine the ignorance of a politician who thinks they can manage investments.”

As crypto adoption grows globally, so too does the friction between decentralized innovation and traditional political frameworks. And the Bitcoin community appears ready to push back every step of the way.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Senator’s “You Can’t Eat Bitcoin” Remark Sparks Backlash From Bitcoiners appeared first on Coin Engineer.