CZ denies $2B USD1 allegations tied to Trump – Details inside!

Key Points

1. CZ dismissed claims of his role in creating the USD1 stablecoin issued by Trump-backed World Liberty Financial (WLFI).

2. Abu Dhabi’s MGX reportedly invested $2 billion into Binance via USD1, reigniting scrutiny around Zhao’s past legal issues.

3. In 2023, CZ and Binance were fined $50 million and $4.3 billion, respectively, for breaking U.S. anti-money laundering laws, leading to CZ's resignation and jail time.

4. BNB market activity saw a slight dip, with Daily Active Addresses declining 5% and On-Chain Volume dropping over the weekend.

5. At the time of reporting, BNB traded at $690, up 14% from June lows.