WSJ alleged that the Binance CEO was involved in a cryptocurrency deal connected to Trump. But CZ explicitly denied these claims on social media, stating he is not part of such a deal. 

WSJ also claimed that financial or strategic support was provided to the crypto project. The reports suggested CZ played an active role in the project and that this could impact crypto markets. However, CZ denies any role in brokering deals for World Liberty Financial, a crypto project linked to Trump’s close circle. CZ emphasized that Binance operates under principles of transparency and reliability. He also highlighted that misleading news can have serious consequences. He clearly stated the allegations are unproven and baseless. 

Another hit piece from Wall Street Journal. WSJ instead of doing journalism, has pretty much resorted to Cunningham’s Law, with negative intentions.

"Cunningham's Law: The best way to get the right answer on the Internet is not to ask a question; it's to post the wrong answer."…

— CZ BNB (@cz_binance) May 23, 2025

These allegations caused short-term fluctuations in crypto markets. However, CZ’s quick and clear denial reduced uncertainty in the markets. Binance shares only its current strategies and projects on official social media accounts. 

Binance’s Regulatory Compliance and Market Trust 

Being associated with such claims is closely monitored by market participants for major companies and CEOs like Binance. As one of the most influential players in the sector, Binance continues to maintain market trust and transparency. CZ’s statements are an important indicator of this stance. Additionally, Binance obtains licenses in multiple countries to comply with global regulatory environments and actively manages compliance processes. The company increases technological investments to prevent financial crimes and protect customers. With these steps, crypto exchange aims to operate legally. 

CEO Changpeng Zhao clearly denied WSJ’s allegations about a Trump-backed crypto deal. This was an important development for both the company and crypto markets. Clarifying false claims prevented speculation and strengthened crypto exchange position in the sector. Investors continue to closely follow official statements and reliable news sources. 

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The post Binance CEO Denies WSJ’s Trump Crypto Deal Allegations appeared first on Coin Engineer.

A whale that held 10,000 Ether for nearly 900 days has sold all of its holdings, potentially missing out on a maximum profit of $27.6 million. This amount was during the period when ETH exceeded $4,000.

On April 8, the blockchain analysis platform Lookonchain announced on X platform that this whale purchased a total of 10,000 ETH for about $13 million in October and November 2022, with an average purchase price of around $1,295.

Lookonchain stated, “Despite ETH surpassing $4,000, the whale did not sell. However, by selling today, it made a profit of $2.75 million, whereas at its peak, this profit could have reached $27.6 million.”

At the time of the sale, the price of ETH was around $1,578. According to CoinGecko data, ETH had reached a high of $4,015 on December 9 during the period when the whale held its ETH.

Currently, the price of ETH is around $1,426, and it has depreciated by 24% in the last seven days. The sharp decline is believed to be significantly impacted by the global trade tariffs announced during the Trump administration.

Did World Liberty Financial Sell ETH?

In another post on April 9, Lookonchain shared on X that a wallet potentially associated with World Liberty Financial, a project backed by Donald Trump, might have also sold Ether.

According to claims, this wallet sold 5,471 ETH, worth approximately $8.01 million, at a price of $1,465. Before this sale, the wallet contained a total of 67,498 Ether, which had been purchased at an average price of $3,259.

Other Whales Taking Action in the Market

During the sharp downturn in the crypto market, some investors made purchases while several large whales also executed noteworthy transactions.

On April 7, an unidentified investor had to add 10,000 ETH (worth around $14.5 million) to their position in order to prevent the 220,000 ETH (around $300 million) position from being liquidated.

However, not all investors were so fortunate. On April 6, a 67,570 ETH (approximately $106 million) position on the decentralized finance platform Sky was liquidated, leading to a significant loss for the investor.

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The post Missed a $27 Million Profit with ETH Sale: Whale Sold After 900 Days appeared first on Coin Engineer.