The WLFI token notched a 10-week price high in a matter of hours, only to cough up most of the move in the same session. The rapid pump and dump arrived alongside a sudden burst of large-wallet activity—$100K+ whale transactions hit their highest level since April 11th, according to the on-chain update from Santiment. The data paints a clear picture of a coin that caught a speculative tailwind, but the staying power of the move remains very much in question.
Whale Surge Coincides with Binance Campaign The spike in whale transactions wasn’t random. Santiment points directly to rising demand for USD1, the stablecoin embedded in WLFI’s ecosystem, as the clearest catalyst. Binance recently extended a USD1 holder campaign that pays eligible users in WLFI, effectively creating a yield-chasing loop. When an exchange of that size dangles rewards in a governance token, it concentrates attention—and large players often move first. The result was a +19% intraday pump that pushed WLFI to multi-week highs, though the subsequent reversal showed how fragile the bid was.
The pattern is familiar: a promotional incentive generates short-lived demand, whales ride the momentum, and the price snaps back once the acute buying dries up. It’s a market structure signal rather than a fundamental shift. Traders watching on-chain data saw the same wallet cohort that often front-runs exchange promotions pile in, then distribute. The size of the transactions suggests this wasn’t retail speculation alone—it carried the hallmarks of deep-pocketed actors who understand liquidity windows.
USD1 and Governance at the Core WLFI’s own documentation frames USD1 and governance as central to the project, which gives the Binance campaign a more structural angle than a simple airdrop. If USD1 adoption grows, WLFI governance holders could gain greater influence over protocol parameters, creating a feedback loop that more patient capital might value. But the on-chain footprint so far doesn’t show clear accumulation—merely positioning ahead of a campaign payout, something that tends to unwind once tokens hit wallets. Similar dynamics have played out in many governance token ecosystems where exchange incentives temporarily distort supply signals.
For now, the episode reinforces how thin liquidity can amplify short-term moves in smaller altcoins. The demand catalysts in governance tokens often come from external partnerships or exchange promotions, and distinguishing between transient flows and genuine ecosystem growth remains the core challenge for anyone watching the tape. Stablecoin integration with projects like USD1 also ties into the broader tokenization and governance narrative that has driven institutional interest this quarter, but WLFI’s move was largely about short-term event-driven flow.
What the Move Means for Traders The key question now is whether the large-wallet cohort will keep those positions on the books after the campaign ends. If whale-held supply stays elevated, it could hint at a more lasting conviction behind USD1 and WLFI’s governance model. If those addresses lighten up quickly, the 10-week high will look like another classic distribution event. On-chain observers will be watching exchange inflow patterns and holder breakdowns over the coming days.
For market participants, the episode serves as a reminder that price spikes without sustained volume and clear fundamental progress often resolve the same way they arrived—sharply. The Santiment data isolates the whale move as the standout anomaly, not a slow-burning trend. That makes this more of a tactical signal than a structural pivot, at least until the relationship between USD1 adoption and WLFI governance demand becomes more than a promotional campaign.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Terms and conditions apply. Fellow Binancians, Binance Earn is excited to renew the campaign for the USD1 Simple Earn Flexible Products! During the Promotion Period, users who subscribe to USD1 Flexible Products may enjoy up to 8.5% APR, which includes an exclusive Bonus Tiered APR on top of Real-Time APR rewards. How to Participate Promotion Period: 2026-07-27 00:00:00 (UTC) to 2026-08-26 23:59:59 (UTC)Subscription Format: Complete subscription on a first-come, first-served basis in accordance with the terms below.Rewards Distribution:Bonus Tiered APR: Distributed to users’ Spot Accounts on a daily basis. The first reward will be given the day after accrual starts (two days after subscription).Real-Time APR: Accrued and directly accumulated in users’ Earn Accounts every minute. Offered Products Digital AssetDurationAPR During Promotion PeriodMin. Subscription Limit per UserMax. Subscription Limit per UserTier Range: Subscription Amount ≤ 1,500 USD1Tier Range: Subscription Amount > 1,500 USD1USD1Flexible8.5%(including 8% Bonus Tiered APR and approximately 0.5% Real-Time APR)0.5%(Approximately 0.5% Real-Time APR)0.01 USD12.5 Million USD1 How to Get Started with USD1 Flexible Products: Users can buy USD1 on the Buy Crypto page, which supports local and international payment methods including Visa and Mastercard cards, Apple Pay, Google Pay, account balances and SWIFT Bank Transfer (corporate user exclusive). Users can also deposit USD1 to their Binance account. Head to [Simple Earn], and search for USD1. Select FLEXIBLE, and subscribe to USD1 Simple Earn Flexible Products to start earning exclusive APR Rewards! Start Earning Now! Terms & Conditions: These terms and conditions (“Activity Terms”) govern users’ participation in the activity above (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Only users who complete identity verification during the Promotion Period can qualify for rewards in the Promotion, and only master accounts qualify for rewards in the Promotion. Sub-accounts are not eligible to receive rewards. The products or features referred to above may not be available in your region. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance services in each country from which the services are accessed.Changes to the Binance Simple Earn Rewards Rate will be published on the Platform from time to time. Please refer to Binance Simple Earn Terms & Conditions and Risk Warning for more information prior to using Binance Simple Earn. Rewards:Real-Time APR is subject to change every minute, please refer to the respective product page(s) for accurate information. Real-Time APR rewards are accrued and directly accumulated in users’ Earn Accounts every minute.Bonus Tiered APR is offered as an additional reward on top of Real-Time APR. Upon subscription, Bonus Tiered APR rewards start to accrue the next day starting from 00:00 (UTC) based on the snapshot of your subscribed amounts to the Flexible Product of the day, which will be taken randomly between 00:00:00 to 23:59:59 (UTC) daily. Rewards will start to be distributed the following day after accrual starts between 00:00 (UTC) and 08:00 (UTC) to the user’s Spot Account.Any redemption of Flexible Products made between 00:00:00 (UTC) and 00:00:00 (UTC) of the following day will stop the accrual of Bonus Tiered APR rewards on the redeemed amount for that day.Redemptions of Flexible Products will be processed starting with assets that have accrued rewards. Users can check the rewards history from the Earn History. Bonus Tiered APR rewards are calculated based on the subscribed amounts and are subject to the respective tier limit for each token. Please refer to the FAQ for more details.All users who hold open positions for USD1 Flexible Products will receive both Real-Time APR and Bonus Tiered APR rewards during the Promotion Period. Once the Promotion ends, users will be entitled to Real-Time APR rewards only. The Activity's subscription amount of each user has an upper limit. When the upper limit is reached, users will no longer be able to subscribe.A large amount of redemption requests might delay redemption temporarily. Redemptions may resume upon return of liquidity.Users can view their Flexible Products assets by going to Assets > Earn > Simple Earn.Redemption time for Flexible Products subscriptions: Instant. For clarity, references to “USD1” in the content above are not direct acronyms of the “United States Dollar” fiat currency unless otherwise specified. Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments. There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-07-24
Pooled Vaults Put Professional Strategies Within ReachAster DEX, the BNB Chain-based perpetual decentralized exchange, has launched the beta version of its Vault product, a copy-trading feature that lets users access actively managed strategies without needing to execute individual trades themselves.
Under the Vault model, users deposit USDT or USD1 into a pooled structure and receive a proportional share of any gains or losses based on their ownership stake. Each vault is controlled by a single designated trader, and key terms including lock-up periods, profit-sharing arrangements, and transparency settings are disclosed to depositors before any funds are committed.
The structure is designed to lower the barrier for less active traders who want market exposure without the time or expertise required to manage positions directly. By disclosing terms upfront, the product also addresses a common friction point in copy-trading: a lack of clarity around fees and exit conditions.
Where Vault Fits in Aster's Broader RoadmapThe Vault beta arrives as Aster continues to expand its product suite beyond core perpetual trading. Social and copy-trading capabilities were already planned as part of the platform's Q2 2026 build-out, with tools intended to let users identify and follow high-volume traders. The Vault feature is a concrete step in that direction.
Aster is a multi-chain perpetuals DEX built to deliver professional-grade trading through a tightly integrated stack. The platform supports hidden limit orders, 24/7 stock perpetuals alongside crypto markets, and settles positions fully on-chain in a non-custodial manner, with users able to connect wallets across BNB Chain, Ethereum, Solana, or Arbitrum.
The exchange received seed-round investment from YZi Labs, formerly Binance Labs. Aster also launched a tokenomics update earlier this year with an automated buyback and burn mechanism, allocating 99% of daily platform fees to $ASTER buybacks and reducing total supply from 8 billion to 3 billion tokens.
The Vault beta is live now. Terms vary by vault and users are advised to review lock-up and profit-sharing conditions before depositing.
Sources:
Aster DEX Official Roadmap
CoinMarketCap: Aster Latest Updates
Coin Bureau: What Is Aster Crypto?
Binance Futures will launch a new perpetual futures product today with Space Exploration Technologies Corp. (Nasdaq: SPCX). Trading will begin on July 20, 2026, at 09:00 UTC. The new instrument is a USDⓈ-M perpetual contract that uses USD1 as its settlement asset.
Binance Futures Introduces New SpaceX Perp Contract The listing marks Binance’s next move in the expansion of its list of traditional finance (TradFi) tokenized products. The contract is designed to report on SpaceX exposure in the market and it will be subject to SpaceX’s perpetual futures framework, the exchange said. Earlier, before the IPO, Binance had also launched SpaceX pre-IPO perpetual futures.
SPCXUSD1 will be available for trading 24 hours a day, per the latest announcement. Binance has put a minimum order amount of 0.01 SPCX. The lowest notional amount will be USD1. Tick size is now set to 0.01.
Traders can use leverage of up to 25x. The contract will also enable Multi-Assets Mode, where users who are eligible for the mode will be able to utilize various collateral assets under the mode, if supported by the platform.
Payments for funding will be made every 8 hours. Binance put the funding rate at +1.00% and –1.00%. The exchange also gave a 0% interest rate on the product.
Binance stated that this contract will not be based on the contract mechanism that, in some cases, reduces funding times when there are high funding rates.
Moreover, funding rate will not affect settlements as long as it is within its range, even at the top or bottom of the range. Also, the decentralized perpetual trading platform confirmed that the launch is under Binance Exchange Rule 17.
SpaceX Stock Continues Decline Binance’s announcement comes amid Elon Musk-led SpaceX stock being weighed down. SPX ended Thursday at $131 down 3%. The decrease brought the stock down to $135, its IPO price for the first time.
It was the fifth straight ‘red’ session. Another significant blow to investor sentiment came when SpaceX had to cancel its 13th test flight of Starship due to a booster problem. The company hasn’t issued an updated release date.
MEXC is betting that the line between crypto trading and traditional capital markets is disappearing. Its SpaceX pre-IPO offering drew over 74,000 participant entries and generated more than 7.1 billion USDT in futures volume, while RealStocks, its gateway to U.S. stocks and ETFs, topped 120,000 users shortly after launch.
Blockchain Reporter spoke with MEXC CEO Vugar Usi about what’s driving this growth, why AI-linked tokens overtook meme coins on the exchange, and how MEXC is positioning itself at the intersection of crypto, equities, and AI.
1. How is the MEXC exchange transforming into an inclusive gateway for popular U.S. stocks, pre-IPO investing, tokenized assets, and ETFs?
The traditional distinction between crypto markets and capital markets is becoming less relevant for users. People increasingly want access to multiple asset classes from a single account and a familiar trading environment. We believe the future of exchanges will be shaped by the breadth and quality of access they provide.
Our focus has been to build that access layer. During Q2, we expanded our offering across pre-IPO opportunities, stock futures, tokenized assets, and RealStocks. Through RealStocks, eligible users can access more than 7,000 U.S. stocks and ETFs through a licensed securities broker partner. We see this as a natural evolution of the exchange model.
2. What is the reason behind the growing traction of tokenized assets among rapidly expanding categories on cryptocurrency exchanges?
What we are seeing is demand for familiar assets through crypto-native infrastructure. Investors already understand companies, stocks, ETFs, and private-market opportunities. What changes is the way they access them.
Tokenized assets can make market access more flexible for users who already operate within digital-asset ecosystems. The strongest demand tends to emerge around assets with a clear underlying narrative. According to CoinGecko, tokenized pre-IPO perpetual trading volume rose by approximately 1,060%, with SpaceX accounting for the largest share of activity. Investors are more likely to engage when the underlying asset is familiar and access fits their existing trading habits.
3. How is the SpaceX pre-IPO on MEXC witnessing a massive number of subscriptions and 7.1 billion USDT in total futures trading volume?
The demand was visible at every stage. Our two SPACEX(PRE) rounds attracted more than 74,000 participant entries and generated over 173 million USDT in subscriptions. The first round reached a peak oversubscription ratio of 15.5x, while the second exceeded 30x.
Activity continued well beyond the subscription phase. Following the June 12 listing, SpaceX-related perpetual futures generated more than 7.1 billion USDT in trading volume. Weekly trading activity rose by as much as 1,727%, and open interest increased by 2,687% from launch.
4. What is the role of MEXC’s RealStocks project in connecting crypto trading and traditional finance for worldwide investors?
RealStocks was designed to solve a practical problem. Many crypto users want exposure to public equities but do not want to manage separate platforms and funding processes for each asset class.
RealStocks gives eligible users access to real U.S. stocks and ETFs through a licensed securities broker partner. By June 18, dividend settlements had been completed for 34 U.S. stocks and ETFs. RealStocks therefore provides a more direct route from a crypto-native environment into traditional equity markets.
5. How can tokenized pre-IPO investing redefine access to next-gen private entities for global and retail investors?
Private-market access has long been out of reach for many retail investors. Tokenized pre-IPO products can make that access more practical for eligible users by bringing it into familiar trading environments.
The response to SPACEX(PRE) showed clear demand for earlier access to high-profile private companies. As the category matures, we need to explain in plain language what each product involves, who qualifies, how settlement works, and what rights investors receive.
6. What does the swift RealStocks adoption disclose about the growing investor interest in U.S. ETFs and stocks via crypto platforms?
The early adoption gives us a clear signal that crypto users are interested in accessing U.S. equities and ETFs through platforms they already use.
RealStocks surpassed 120,000 cumulative users shortly after launch, and 52% of newly opened accounts proceeded to make a deposit. Users traded 814 different stocks and ETFs, with 15 assets generating more than 100,000 USDT in trading volume. Early adoption translated into funded accounts and active trading.
7. How are AI, crypto trading, and stock markets witnessing growing connections in line with a staggering 142% rise in futures trading led by Micron?
Following Micron’s June earnings release, trading volume in MU futures on MEXC rose by approximately 142% from the previous day. We also saw activity extend into SanDisk, SK hynix, and DRAM-linked products.
The pattern suggests that users were trading a broader AI supply-chain theme around the earnings event. It is one example of how developments in the stock market can quickly carry into equity-linked products traded through crypto infrastructure.
8. What turns AI into one of the top investment narratives in comparison with meme coins amid the rising performance of AI-agent initiatives?
We saw a clear change in Q2. Six of the ten highest-gaining new tokens on MEXC were linked to AI-agent projects, while only one was a meme coin. In Q1, meme coins had led the ranking.
Trading activity showed the same pattern. Four of the ten highest-volume new listings were AI and infrastructure projects. The projects attracting attention are tied to compute resources, identity systems, trading agents, and other infrastructure supporting AI adoption.
9. What is MEXC’s plan to capitalize on the merger of conventional financial markets, blockchain, and AI?
We believe the boundaries between these sectors will continue to narrow. Our objective is to simplify and streamline access to different markets through blockchain-based infrastructure. That path includes pre-IPO opportunities, stock futures, tokenized assets, RealStocks, USD1 integration, and TradingView execution.
We want those products to work more closely together so users can move between different forms of market exposure with less friction. AI currently enters this strategy through the assets users are trading, including AI-agent projects and semiconductor-linked futures.
10. How does the TradingView integration improve the futures trading experience?
Most active traders already spend a significant amount of time analyzing markets through charting tools. The TradingView integration allows users to place perpetual futures orders directly from TradingView charts, moving from analysis to execution without switching tabs.
Users can maintain their existing chart layouts and trading processes while accessing MEXC futures markets from the same environment. Removing friction between analysis and execution is particularly valuable in fast-moving markets.
11. What is the influence of the stablecoin USD1’s integration on trading activity, user growth, and network expansion?
The early response was strong. Our first USD1 campaign attracted more than 161,000 participants, while new users generated approximately 2.4 billion dollars in cumulative futures trading volume.
The figures show that users are willing to adopt new dollar-denominated assets when those assets are integrated into products they already use. MEXC is expanding USD1’s role across trading support, product integration, and wider ecosystem participation. The first campaign showed that USD1 can drive meaningful participation when integrated into trading products users already understand.
12. With an average Proof of Reserves ratio of 156.5% across major assets on MEXC in June, what is the significance of overcollateralization and transparency in building long-term trust?
In July, MEXC reported Proof of Reserve ratios of 119% for USDT, 115% for USDC, 281% for BTC, and 114% for ETH, averaging 157.25% across those major assets. We publish these figures so users can see how platform balances are backed.
Reserves above user balances reflect a conservative approach to asset backing. Regular reporting also gives users a consistent basis for assessing how the platform manages reserves over time.
Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here. This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Fellow Binancians, From 2026-07-10 00:00 (UTC), Binance will continue the airdrop campaign rewarding all eligible users who hold World Liberty Financial USD (USD1) on our platform. Eligible users will share rewards from a grand prize pool of 165 million World Liberty Financial (WLFI) tokens. WLFI will be distributed as weekly rewards to USD1 holders every Friday. Campaign Period: 2026-07-10 00:00 (UTC) - 2026-08-07 00:00 (UTC) How to Participate: Eligible users must hold USD1 in balance (net assets), in any of the following account categories on Binance: Spot Account;Funding Account;Margin Account (USD1 as Collateral in Cross Margin, Isolated Margin, or Portfolio Margin); USDⓈ-M Futures Account (USD1 as Collateral in USDⓈ-M Futures Accounts, Multi-Assets mode is included). USD1 in Binance Futures or Margin accounts can receive a 1.2x bonus multiplier on rewards, only if the user’s Daily Open Interest on USD1 Futures pair(s) is maintained at a minimum of 300 USD1. Binance will take hourly daily snapshots of each user’s Open Interest each day and use the lowest recorded amount to determine if the users’ Daily Open Interest on that day meets the minimum requirement and their eligibility of the 1.2x bonus multiplier. Note: If the users’ Daily Open Interest on USD1 Futures pair is less than 300 USD1 on certain days, and hold more than 0.01 USD1 in their Margin or Futures Accounts, they will still receive 1x rewards on those days, just not the 1.2x bonus rewards. USD1 acquired through borrowing the other stablecoins will receive a haircut of 70%, after accounting for liabilities in Margin Accounts from other stablecoins, including USDT, USDC, U, RLUSD, and FDUSD. Campaign Details: Prize Pool: 165 million WLFI tokens. Distribution: Rewards will be airdropped directly to users’ Binance Spot Accounts. Distribution Frequency: Weekly airdrops during the Campaign Period. Reward Distribution: Rewards start accruing from 2026-07-10 00:00 (UTC). Weekly rewards will be distributed by 18:00 (UTC) every Friday in WLFI tokens. Distribution records can be found in Distribution History. The Weekly Reward Amount will be roughly calculated as follows: Qualifying Balance of each day = Lowest USD1 balance captured during those hourly snapshots on each day.Weekly Rewards = (7-day average of the Qualifying Balance * Effective APR on the distribution day * 7) / 365 After each weekly distribution, the effective APR for that period will be updated in this announcement. In determining the effective APR on the distribution day, Binance will take into account a number of factors, including, without limitation: Minimum recorded amount of Open Interest per day;Lowest balance of the snapshots each day;The daily aggregated amount of Qualifying Balances across all eligible holders of USD1;7-day average across all eligible holders of USD1 For USD1 acquired through borrowing other stablecoins: Eligible balance in Margin Account = USD1 Balance Before Leverage + Leveraged Amount * (1 - 70%): USD1 Balance before Leverage = MAX [USD1 Balance in Margin Account - Margin Account Liabilities of the Other Stablecoins, 0] Leveraged Amount = USD1 Balance in Margin Account - MAX [USD1 Balance in Margin Account - Margin Account Liabilities of the Other Stablecoins, 0] Note: ”Other Stablecoins” include USDT, USDC, U, RLUSD, FDUSD. Case examples: User A’s Daily Open Interest on USD1 Futures pair from Day 1 to Day 6 is maintained at 1,500 USD1, Day 7 at 100 USD1. Throughout the 7 days, the user holds 10,000 USD1 in Spot and 20,000 USD1 as collateral in Margin, and effective base APR is 20%, effective boosted APR is 24%, User A's rewards due to be received at the end of 7 days will be as follows:[(10,000 * 20% * 7) / 365] + [(20,000 * 24% * 6) / 365] + [(20,000 * 20% * 1) / 365] = 128.21 USD worth of WLFIUser B’s Daily Open Interest on the USD1 Futures pair is maintained at 1,500 USD1 throughout week 1. The user borrowed 5,000 USD1 from VIP loan or Margin (“liabilities”). Among this borrowed 5,000 USD1, 4,000 USD1 was used as collateral in Margin, the remaining 1,000 USD1 was held in their Spot Account in week 1. The effective base APR is 20%, effective boosted APR is 24%, User B’s rewards due to be received at the end of week 1 will be as follows:Qualifying Balance = 0 [(0 * 20% * 7) / 365] + [(0 * 24% * 7) / 365] = 0 USD worth of WLFIUser C’s Daily Open Interest throughout Week 1 was maintained at 100 USD1. The user had 1,000 USD1 in the Margin Account and used it as collateral to borrow 4,000 USDT through Margin (“Liabilities of the other Stablecoins”), then converted this 4,000 USDT to USD1. The user now holds 5,000 USD1 in Margin (“USD1 Balance”) in week 1. The effective base APR is 20%, effective boosted APR is 24%, User C’s rewards due to be received at the end of week 1 will be as follows:Daily Open Interest < 300, doesn’t qualify for 1.2x bonus rewards. Qualifying Balance = MAX [5,000 - 4,000, 0] + {5,000 - MAX[5,000 - 4,000, 0] } = 1,000 + (5,000 - 1,000) * (1 - 70%) = 2,200[(2,200 * 20% * 7) / 365] = 8.43 USD worth of WLFI Important Notes: Snapshots of user’s Open Interest will be taken at any point of time each hour to get users’ hourly Open Interest. The lowest USD1 Open Interest captured during those snapshots on each day will constitute their Daily Open Interest. If the Daily Open Interest is lower than 300 USD1 for a specific day, then for that day the user won’t receive 1.2x bonus rewards.Users’ USD1 Qualifying Balance will be calculated as net assets (assets minus liabilities). USD1 as liabilities (e.g., borrowed from VIP loans, Margin loan, etc.) will be excluded from the Qualifying Balance for this campaign. Snapshots of user balances and total qualifying balances will be taken at any point of time each hour to get users’ hourly balances in the above mentioned account categories. The lowest USD1 balance captured during those snapshots on each day will constitute their Qualifying Balance and be used to calculate their rewardsFor example, a user’s lowest USD1 balance captured on 2026-07-13 is zero, then their qualifying balance for that day is zero. At any snapshot time, any one of users’ supported assets must be greater than 0.01 USD1 to be included in the calculation.Users are recommended to maintain their USD1 holding throughout the Campaign Period to maximize their rewards. Rewards distributed are rounded down to 2 decimal places. Rewards of sub-accounts will be distributed to the Spot Account of corresponding sub-accounts. Kindly note that the distribution time is not guaranteed and may change from time to time.There is no individual cap on rewards. Users’ rewards depend on their qualifying balance relative to the total qualifying balance of all eligible users and other factors. Stay tuned for weekly reward distributions and updates on the Campaign. Terms and Conditions: Users may not be eligible for rewards if there are active restrictions on their accounts.WLFI token value for airdrop distribution will be based on the official Binance market closing price one day before the airdrop distribution day.Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly balances in the aforementioned account categories. The lowest USD1 balance captured during those snapshots on each day will constitute the user’s Qualifying Balance and be used to calculate their rewards.At any snapshot time, any one of users’ supported assets must be greater than 0.01 USD1 to be included in the calculation.Broker accounts are not eligible for this campaign. Binance reserves the right to periodically update the rules to accommodate changes in legal, regulatory, or other factors.Users must complete account verification (KYC) and also be from an eligible jurisdiction to participate in the campaign. Currently, users residing in the following countries or regions will not be able to participate in the USD1 campaign (notwithstanding that they may hold USD1): Åland Islands (Finland), Austria, Belgium, Bulgaria, Canada, Crimea (Ukraine – disputed territory), Croatia, Cyprus, Czech Republic, Denmark, Democratic People’s Republic of Korea, Donetsk People’s Republic, Estonia, Faroe Islands, Finland, France, French Guiana, Germany, Gibraltar, Greece, Guadeloupe, Guernsey, Hungary, Ireland, Isle of Man, Islamic Republic of Iran, Italy, Japan, Latvia, Lithuania, Luhansk People’s Republic, Luxembourg, Malta, Martinique, Mayotte, Netherlands, Poland, Portugal, Republic of Cuba, Réunion, Romania, Russian Federation, Saint Martin (French part), Slovakia, Slovenia, Spain, Sweden, United Kingdom, United States of America and its territories.Please note that the list of excluded countries provided here is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.For clarity, references to “USD1” in the content above are not direct acronyms of the “United States Dollar” fiat currency unless otherwise specified.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.Binance reserves the right to suspend any user's Margin borrowing at any time, without prior notice, in its sole discretion, if any abnormal or suspicious activity is detected.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-07-09 Trade on-the-go with Binance’s crypto trading app (iOS/Android) Find us on TelegramWhatsAppXFacebookInstagramDiscord Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice. Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. The APR is calculated weekly, and is expressed as an annualised percentage yield for illustrative purposes only. Each APR is not indicative of future results. The APR is likely to fluctuate week-to-week and the estimated rewards may differ from the actual rewards generated. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use, and our Risk Warning. To learn more about how to protect yourself, visit our Responsible Trading page.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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According to its official page, Polymarket has launched a derivatives trading feature, currently supporting 10 assets including BTC, ETH, SOL, HYPE, gold, silver, the S&P 500, Nasdaq 100, WTIOIL, and SPCX, with a maximum leverage of 20x.
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SMIC surpassed Kweichow Moutai in market capitalization.
According to Bitget data, SMIC’s A-share price rose nearly 15%, pushing its total market capitalization to 1.49 trillion yuan. Kweichow Moutai is currently down 1.43%, with a total market cap of 1.48 trillion yuan. (Jinshi)
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Bitcoin breaks through $63,000
According to HTX market data, Bitcoin has broken through the $63,000 mark, with a 0.74% rise in the past 24 hours.
14 minutes ago
US tech stocks are experiencing one of the most volatile periods in history, with the volatility ratio of the Nasdaq 100 to the S&P 500 hitting a 23-year high.
The Kobeissi Letter noted in a post that tech stocks are experiencing one of the most volatile periods in history. The ratio of the Nasdaq 100 Volatility Index (VXN) to the S&P 500 Volatility Index (VIX) has risen to 1.7, its highest level in 23 years. This marks the first time the ratio has topped 1.5 since 2018. By comparison, the metric peaked at around 1.6 during the 2008 financial crisis. Currently, VXN stands at 28 points, while VIX is at 16 points – the latter is 43% lower than the former. VXN has remained above the 20-point threshold for five consecutive months, the longest such stretch since the 2022 bear market. Markets are pricing in significant volatility risk for tech stocks.
14 minutes ago
A crypto whale closed a $100 million BTC short position, earning a profit of $5.28 million.
According to monitoring by Onchain Lens, a whale closed a $100 million Bitcoin (BTC) short position, earning a profit of $5.28 million. Wallet address 0xcf9 opened the short on June 2 at $68,859 and closed it one hour ago at $62,314, holding the position for 36 days.
14 minutes ago
Nvidia will collaborate with Hugging Face to develop open-source robotics models.
NVIDIA has announced a partnership with Hugging Face to co-develop open-source foundation models for robotics, combining its GPU ecosystem and CUDA technology, along with Hugging Face’s extensive model library and developer community, to significantly lower the barriers to AI training and deployment for robotics. (Jinshi)
@BNBCHAIN has quietly become one of the most active stablecoin highways in crypto. According to DefiLlama data, the chain has processed more than $2.5 trillion in cumulative stablecoin volume, with 2025 alone accounting for nearly $1 trillion of that figure. Its current stablecoin supply stands at $13.7 billion.
USDT Still Leads, But the Mix Is Changing $USDT dominates BNB Chain's stablecoin supply at roughly 67%. But the composition of the remaining share is shifting at pace. Two newer entrants, Circle's yield-bearing $USYC and World Liberty Financial's $USD1, have both moved ahead of $USDC in the chain's stablecoin rankings.
$USYC is Circle's tokenized money market fund, available on BNB Chain and giving eligible developers and traders access to a yield-bearing instrument integrated into existing DeFi protocols. Issued by Hashnote, a Circle subsidiary, USYC is backed by short-term U.S. Treasury bills and reverse repurchase agreements, and launched on BNB Chain with over $1 billion in assets under management. USYC now holds 96.3% of its global supply on BNB Chain.
$USD1, launched on Ethereum and BNB Chain in March 2025 by World Liberty Financial, grew to a circulating supply near $4.5 billion by Q1 2026, making it the fastest-growing fiat-backed stablecoin of the period. Its profile rose sharply when Abu Dhabi's MGX fund announced a $2 billion USD1 deal to acquire a minority stake in Binance. Around 40.3% of USD1's global supply is now routed through BNB Chain.
Broader Growth Context BNB Chain recorded 133% year-over-year growth in stablecoin market cap through 2025, placing it among the top four chains by stablecoin supply alongside Ethereum, Tron, and Solana. The launch of Four.meme, followed by Binance Alpha, a native token distribution program integrated directly into the Binance ecosystem, catalysed a renewed memecoin boom and sharply increased demand for stablecoin liquidity on the chain.
Measured by network usage rather than supply, BNB Chain leads all blockchains with more than 11 million unique addresses interacting with stablecoins, ahead of Tron and Polygon. With the stablecoin mix diversifying and cumulative volumes compounding, @BNBCHAIN's position as a primary venue for dollar-denominated on-chain activity looks increasingly entrenched.
Sources:
BNB Chain Stablecoin Data, DefiLlama
Circle: USYC Is Now Available on BNB Chain
Stablecoin Market Share by Chain Statistics 2026, CoinLaw
World Liberty Financial’s USD1 has gone from a March 2025 launch announcement to the fourth-largest stablecoin in the world in roughly fifteen months, overtaking PayPal’s PYUSD and Sky’s DAI along the way. Its rise has been driven less by retail adoption than by a handful of enormous institutional deals — most notably a $2 billion settlement between Abu Dhabi-based MGX and Binance that was paid entirely in USD1 — and by the fact that the project sits inside a company co-founded by the Trump family. Here’s what USD1 actually is, how it works, and what to weigh before using it.
Key Takeaways USD1 is a US dollar-pegged stablecoin issued by World Liberty Financial (WLFI) and custodied by BitGo Trust Company under a South Dakota trust charter Reserves consist of cash, short-term US Treasury bills, and government money market funds, verified through monthly AICPA-standard attestations and a live Chainlink-powered proof-of-reserves dashboard Circulating supply has grown from about $3.3 billion at year-end 2025 to roughly $4.5 billion by mid-2026, making USD1 the fourth-largest stablecoin behind USDT, USDC, and Sky’s USDS, according to DefiLlama’s stablecoin tracker USD1 runs natively on around ten blockchains, including Ethereum, BNB Chain, Tron, Solana, Aptos, and the Stripe-backed Tempo L1 World Liberty Financial is majority-owned by a Trump family business entity, which is entitled to a share of token sale proceeds and stablecoin profits — a fact worth knowing before treating USD1 as a neutral financial product USD1 Price Today MetricValuePrice~$0.9987Market Cap~$4.45B24h Volume~$775MCirculating Supply~4.46B USD1Holders~617KRank#4 stablecoin by market cap Live price and supply data via CoinGecko and CoinMarketCap.
Note: as a stablecoin, USD1’s price is designed to stay near $1.00 — deviations of more than a fraction of a cent typically signal peg stress rather than “price movement” in the way a normal crypto asset would show it. For how USD1 fits into the broader market, see today’s crypto market overview.
What Is USD1? USD1 is a fiat-collateralized stablecoin issued by World Liberty Financial, the same company behind the WLFI governance token. Each USD1 is intended to be backed 1:1 by a corresponding dollar held in cash, short-duration US Treasury bills, and other cash equivalents through government money market funds. The stablecoin launched on Ethereum and BNB Chain in March 2025 and was designed from the outset for institutional settlement rather than retail spending — WLFI co-founder Zach Witkoff pitched it at launch as combining “the power of DeFi” with “the credibility and safeguards of the most respected names in traditional finance.”
That institutional framing has largely held up in practice. USD1’s fastest growth has come from large counterparty deals rather than organic retail demand — Forbes reported that Binance-linked wallets held roughly 87% of USD1 supply at one point, and Binance has run multiple liquidity-seeding campaigns, including a booster program that briefly offered up to 20% APR on USD1 deposits before being cut to 8%.
USD1 uses a standard mint-and-burn mechanism: new tokens are created only when an equivalent dollar amount is deposited with the custodian, and tokens are destroyed when holders redeem. BitGo Trust Company — which operates under a South Dakota trust charter — holds the reserves and processes institutional redemptions, typically within one to two business days. Retail holders generally don’t redeem directly with BitGo; instead, they convert USD1 to other stablecoins or fiat through exchanges and DEXs.
Two transparency mechanisms back the peg claim. A monthly attestation report, prepared by an independent accounting firm under 2025 AICPA criteria for asset-backed fiat-pegged tokens, confirms that USD1 tokens outstanding are matched or exceeded by reserve assets. A separate real-time proof-of-reserves dashboard, powered by a Chainlink oracle on Ethereum, shows total reserves, the collateralization ratio, and supply by network on an ongoing basis. World Liberty Financial introduced the live dashboard in February 2026, shortly after a brief depeg incident (more on that below).
It’s also worth knowing where the yield goes: interest earned on the underlying reserve assets accrues to BitGo and World Liberty Financial-affiliated entities — including a Trump-affiliated entity, DT Marks DEFI LLC — rather than to USD1 holders themselves. That’s standard practice across most fiat-backed stablecoins, including USDT and USDC, but it means holding USD1 doesn’t generate yield on its own; any return comes from separately supplying it to a lending protocol.
Which Blockchains Support USD1 USD1 launched on just two networks and has expanded aggressively since:
Ethereum and BNB Chain — the original launch networks and still the deepest liquidity venues Tron — where dollar-stablecoin transfer volume is heavily concentrated Solana — added as USD1 pushed into high-throughput DeFi Aptos, AB Core, Mantle, Monad, Plume, Morph — newer integrations added through 2025 and 2026 Tempo — the Stripe-backed layer-1, where USD1 launched natively in May 2026 as an early TIP-20 token Cross-chain transfers run on Chainlink’s Cross-Chain Interoperability Protocol (CCIP) rather than a proprietary bridge — a deliberate choice, since Circle’s competing CCTP standard is USDC-specific and unavailable to other issuers.
USD1 and World Liberty Financial USD1 can’t really be separated from the company behind it. World Liberty Financial was founded in late 2024 by Zachary Folkman, Chase Herro, and Zach and Donald Trump Jr., alongside other Trump family members, and describes Donald Trump as its “chief crypto advocate.” A Trump family business entity owns 60% of World Liberty Financial and is entitled to 75% of net proceeds from WLFI token sales as well as a share of stablecoin-related profits; by December 2025, the family had reportedly profited around $1 billion from token proceeds alone.
The project has also drawn foreign investment at a scale unusual for a young crypto company. A firm tied to the Abu Dhabi royal family purchased $2 billion of USD1 in 2025, and reporting from the New York Times indicated Abu Dhabi-linked interests separately agreed to acquire a 49% stake in WLFI. These ties, combined with the Trump family’s direct financial stake, have made USD1 a recurring subject of conflict-of-interest reporting rather than a purely technical stablecoin story — worth factoring in alongside the reserve and custody details above.
On the regulatory side, USD1’s structure is built to align with the GENIUS Act, the federal stablecoin law signed in July 2025 that requires full reserve backing, monthly public disclosure, and licensed-issuer status for payment stablecoins. Implementation is still ongoing through 2026, and in January 2026 a World Liberty trust entity applied for a US national banking charter, which — if granted — would give the issuer direct bank-grade infrastructure instead of relying solely on BitGo as custodian.
USD1 vs. USDT vs. USDC USD1USDTUSDCIssuerWorld Liberty FinancialTetherCircleMarket cap (mid-2026)~$4.5B~$170B+~$73BCustodianBitGo TrustTether InternationalRegulated banking partnersReserve attestationMonthly (AICPA standard)QuarterlyMonthlyChains~10, incl. Ethereum, BNB Chain, Tron, Solana15+20+Primary use caseInstitutional settlement, DeFi collateralTrading pairs, EM remittanceRegulated payments, DeFi USD1 is far smaller than the two incumbents and has no realistic path to displacing either in the near term. Its differentiation is regulatory positioning and political access rather than scale: it launched compliance-first under a framework built toward the GENIUS Act, and its sponsors have secured settlement deals — like the MGX-Binance transaction — that smaller or newer stablecoins typically can’t access.
Risks Worth Knowing USD1 briefly depegged to around $0.994 in February 2026, an incident WLFI attributed to a coordinated attack on co-founders’ social media accounts — a claim that hasn’t been independently verified. The peg recovered within roughly 30 minutes and reserves were confirmed intact, but the episode prompted the launch of the real-time proof-of-reserves dashboard described above.
Supply concentration is a separate concern: with the bulk of USD1 historically held in Binance-linked wallets, the token’s liquidity and price stability depend heavily on a small number of large holders rather than a broad, diversified base. World Liberty Financial’s own risk disclosures also note that USD1 is not legal tender and not deposit-insured, and that BitGo or WLFI-affiliated parties retain the ability to freeze or block specific addresses — a level of centralized control that’s common among regulated stablecoins but worth being aware of before treating USD1 as equivalent to holding cash.
Finally, USD1 is young and its issuer is young: World Liberty Financial has faced congressional scrutiny over conflicts of interest and, separately, a defamation lawsuit tied to public criticism of the project. None of this affects whether current reserves back current supply, but it’s relevant to how much institutional trust the project can sustain if political or legal pressure increases.
Where to Buy USD1 USD1 is listed on most major centralized exchanges as well as several DEXs:
Binance — deepest liquidity, multiple pairs including USD1/USDT and BTC/USD1 Coinbase — added USD1 support as part of WLFI’s push for mainstream accessibility Kraken, OKX, Bybit, Gate, MEXC, Bitget Raydium and PancakeSwap for on-chain swaps via Solana and BNB Chain respectively Self-custody wallets that support USD1’s underlying networks (MetaMask, Phantom, and similar) can hold the token directly using its contract address once added manually or through an exchange’s “add to wallet” integration.
Frequently Asked Questions What is USD1 stablecoin? USD1 is a US dollar-pegged stablecoin issued by World Liberty Financial, a company co-founded by members of the Trump family. It's backed 1:1 by cash and short-term US Treasury securities held through custodian BitGo Trust, with monthly reserve attestations and a real-time proof-of-reserves dashboard.
How do I buy USD1 stablecoin? USD1 trades on major exchanges including Binance, Coinbase, Kraken, OKX, and Bybit, as well as decentralized exchanges like Raydium and PancakeSwap. Create an account on a supported exchange, deposit funds, and trade for USD1 directly or swap another stablecoin like USDT or USDC for it.
Who owns USD1 stablecoin? USD1 is issued by World Liberty Financial, which is majority-owned by a Trump family business entity entitled to 75% of net token sale proceeds and a share of stablecoin profits. Reserves backing USD1 are held by custodian BitGo Trust Company, not by World Liberty Financial directly.
Which blockchain is USD1 on? USD1 runs natively on roughly ten blockchains, including Ethereum, BNB Chain, Tron, Solana, Aptos, and the Stripe-backed Tempo network. Cross-chain transfers use Chainlink's CCIP protocol rather than a single native chain.
Is USD1 safe? USD1 is backed by cash and short-term US Treasuries held with a regulated custodian and publishes monthly attestations, similar to USDC's model. It briefly depegged in February 2026 but recovered within 30 minutes with reserves confirmed intact. As with any stablecoin, it isn't deposit-insured or legal tender, and holders should weigh custodial and issuer-concentration risk before use.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Tiger Brokers upgrades Coinbase's rating to "Buy", sets target price at $200.
Tiger Brokers has upgraded its rating on Coinbase from "Hold" to "Buy" and set a $200 price target. The firm stated that after a sharp pullback earlier, the risk-reward ratio has improved, Bitcoin’s toughest bear market phase may be over, and a new cryptocurrency market cycle is expected to kick off, fueled by recovering liquidity, rising institutional demand, and improved risk appetite.
3 hours ago
SpaceX's listing has driven record highs in tokenized stock trading, with on-chain transaction volume reaching $3.86 billion in June.
Driven by SpaceX's record IPO, on-chain tokenized stock trading volume surged 145% month-over-month in June to $3.86 billion, hitting an all-time high. Of this total, trading volume for tokenized SpaceX stock (ticker: SPCX) reached $1.19 billion, accounting for 31% of the monthly tokenized stock trading volume. The SPCX token issued by BlackRock Securities saw $1.08 billion in trading volume, the market's most active product, while SPCXx from xStocks recorded $852 million. The total market capitalization of the tokenized stock market rose to $1.53 billion in June, up 6.64% month-over-month, marking the 15th consecutive month of growth. While popular assets like Nvidia and Tesla remain actively traded, market attention has clearly tilted toward SpaceX.
3 hours ago
U.S. SEC Releases 2026 Regulatory Agenda, Proposes Revisions to Rules for Crypto Trading Platforms and Brokers
U.S. SEC releases its 2026 regulatory agenda, with plans to advance crypto asset regulatory reform by the end of this year. The agency intends to revise multiple rules applicable to broker-dealers and crypto trading platforms, including adjusting brokers’ minimum liquid capital requirements, customer asset protection standards, and record-keeping provisions, to clarify how these rules apply to crypto assets. Meanwhile, the SEC also plans to revise the regulatory framework for trading platforms and explore launching "safe harbor" and regulatory exemption mechanisms related to crypto asset issuance, custody, and trading—aiming to provide clearer regulatory guidance for the market while continuing to crack down on illegal activities. The SEC notes that the new rules are designed to enhance market certainty, boost capital formation and innovation, and ensure adequate investor protection. This direction aligns with the industry-friendly regulatory path SEC Chairman Paul Atkins has pursued since taking office, marking a sharp contrast to the law enforcement-dominated regulatory approach of former Chairman Gary Gensler.
3 hours ago
The $9.9 billion stock swap deal between Naver and Dunamu has been delayed again until the end of the year, as South Korea’s digital asset law remains unresolved.
Naver Financial and Dunamu have delayed the completion of their full stock swap transaction to December 31, marking the second postponement of the deal. The transaction, which aims to integrate Dunamu—operator of South Korea’s largest crypto exchange Upbit—into Naver Financial, was originally scheduled to close on September 30. Dunamu unveiled the new timeline on the 6th via a corrected disclosure of documents first submitted last November, with unfinished digital asset legislation and pending antitrust review cited as key variables. The company has pushed its extraordinary general meeting from August 18 to November 19, and reset the shareholder record date to October 22. Multiple government approvals remain required for the deal to proceed, including merger clearance from the Korea Fair Trade Commission (FTC), approval for Naver Financial’s major shareholder change under credit information regulations, and acceptance of Dunamu’s major shareholder change filing under specific financial transaction information laws. Dunamu noted that progress in any of these steps could further extend the timeline or even lead to the deal’s collapse. It also pointed out that the Digital Asset Basic Act currently under parliamentary review is a practical variable affecting the transaction’s progress and outcome. When the bill is enacted, regulators are simultaneously considering imposing bank-style strict liability rules on exchanges, requiring platforms to compensate users for losses caused by hacking incidents.
3 hours ago
View: Despite weak stock performance, the AI industry "still revolves around NVIDIA"
CNBC stock commentator Jim Cramer said that despite recent weak market sentiment toward Nvidia and sustained pressure on its share price, the company remains a core player in the AI industry. He noted the current sell-off of Nvidia has been excessive, with its forward price-to-earnings (P/E) ratio dropping to near this year’s lowest levels. Cramer pointed out that while some firms—including Chinese AI company DeepSeek—are developing in-house AI chips, they still heavily rely on Nvidia’s technology, and no signs have emerged yet that the company will lose its industry-leading position. Additionally, he stated that some investors have sold Nvidia shares recently to free up capital for other tech stocks, including newly listed SpaceX.
3 hours ago
Ethereum briefly rallied to surpass $1,800.
According to HTX market data, Ethereum briefly rebounded to break through the $1,800 mark, currently trading at $1,799.84, with a 1.45% increase in the past 24 hours.
USD1 Goes Live Across Zebec's Full Platform@Zebec_HQ has integrated @worldlibertyfi's $USD1 stablecoin into its entire ecosystem, covering payrolls, payments, and yield. The move positions $USD1 as a core settlement asset within Zebec's financial infrastructure and extends the stablecoin's real-world utility beyond trading and DeFi.
According to CryptoNews, $USD1 is now supported natively inside the Zebec Super App, meaning teams can use the stablecoin directly within the existing platform without bridging to another network or switching tools. Users with @ZebecCards can also receive payroll spend in $USD1, and the integration provides direct access to WLFI markets from within Zebec.
Zebec has also indicated it plans to add further yield solutions later this year, signalling that the $USD1 integration is a starting point rather than a finished product.
What USD1 Brings to Zebec's InfrastructureTimes of Blockchain reports that the rollout reaches more than 65,000 workers across the US and global markets, giving staff the ability to receive, use, and move $USD1 via wallets and cards issued by Zebec. Employees can also access funds through Zebec-issued cards, linking blockchain settlement with everyday payment rails.
$USD1 is custodied by BitGo Trust Company and backed by cash and short-duration US Treasury bills held through government money market funds. Launched in March 2025, the stablecoin had grown to a circulating supply near $4.5 billion by Q1 2026, making it one of the fastest-growing fiat-backed stablecoins in the market.
For Zebec, the integration also aligns with the platform's broader institutional ambitions. Zebec completed its final ZBCN token unlock in March 2026, shifting to a deflationary revenue-funded buyback model, and has been expanding its payroll infrastructure across multiple blockchains. The addition of $USD1 reinforces its position as a multi-chain payroll and payments platform targeting enterprise-scale adoption.
Sources:
CryptoNews: World LibertyFi's USD1 Is Now Live In The Zebec Super App
Times of Blockchain: Zebec Expands USD1 Daily Payroll to 65K+ Global Workers
Eco: USD1 Stablecoin by World Liberty Financial
Binance to Launch ETH Perpetual Contract Settled in USD1
Binance Futures will launch the USDⓈ-U margined ETHUSD1 perpetual contract on July 3 at 17:00 (UTC+8), with up to 100x leverage. The contract uses ETH as the underlying asset and World Liberty Financial USD (USD1) as the settlement asset.
BlackRock Transfers 4,917 BTC to Coinbase, Over 20,000 BTC Moved in 4 Days
Asset management giant BlackRock has transferred a total of 20,359 BTC to the crypto exchange Coinbase over the past four days, worth approximately $1.22 billion at current prices. The latest transfer alone was 4,917 BTC, valued at about $301 million.
Crypto-Friendly Erebor Bank Plans New Funding Round at Valuation of at Least $8 Billion
Erebor Bank, founded by Palmer Luckey, is in talks with investors for a new funding round, targeting a valuation of at least $8 billion, nearly double its $4.35 billion valuation at the end of last year. People familiar with the matter say the bank's deposits surged from $1.1 billion to $4.05 billion over the past three months, adding nearly 400 new clients, and it is expected to become profitable within the year. Erebor focuses on serving companies in sectors like defense technology and cryptocurrency and has obtained a national bank charter from the U.S. Office of the Comptroller of the Currency. Previous investors include Lux Capital, 8VC, Andreessen Horowitz, and Founders Fund. Erebor has also signed a non-binding letter of intent with Venezuela's Banco de Venezuela to provide correspondent banking services.
U.S. June Nonfarm Payrolls Rise by 57K, Unemployment Rate 4.2%, Both Below Expectations
U.S. nonfarm payrolls increased by 57,000 in June on a seasonally adjusted basis, compared to expectations of 110,000; the previous figure was revised from 172,000 to 129,000. The U.S. unemployment rate was 4.2% in June, versus expectations of 4.30% and the prior 4.30%. The U.S. unemployment rate unexpectedly fell to its lowest level in a year; June nonfarm payrolls sharply missed expectations.
Microsoft Forms New Team of Around 6,000 to Help Enterprises Deploy AI
Microsoft is forming a new team of around 6,000 people specifically to help enterprises deploy artificial intelligence at both the technical and strategic levels. The team includes members with backgrounds in engineering, corporate training, management, and vertical industries, and will engage more deeply in customer projects, helping optimize model selection, reduce AI usage costs, and in turn influence Microsoft's product iteration. The report noted that traditionally such low-margin implementation work has been handled by consulting firms, but in the AI era, vendors including Palantir, Salesforce, and OpenAI have begun placing engineers with customers, and Amazon's cloud division announced similar measures this week.
Strategy Shares Surge Over 8% Above $100, STRC at $90, Up About 3%
According to Bybit data, Strategy shares opened at $99.85 today and then edged up to $101.65, an increase of around 8.8%. Strategy's preferred stock STRC opened at $90, up about 3%.
Ondo Launches SEC-Compliant Tokenized IVV and Micron Products in the U.S.
Ondo Finance has launched tokenized products in the U.S. based on BlackRock's iShares Core S&P 500 ETF (IVV) and Micron (MU), using the third-party custody guidance framework issued by the U.S. SEC in January of this year. Under this model, the underlying securities remain within the traditional U.S. custody system, while tokens are minted 1:1 on Ethereum by Oasis Pro TA, an SEC-registered transfer agent owned by Ondo, and held by a qualified custodian. Token holders can enjoy the same shareholder rights and on-chain voting services as traditional securities accounts via Broadridge's ProxyVote.com, with transfer restrictions enforced by broker-dealers, transfer agents, and custodians in accordance with current regulatory requirements. Ondo says this is the first case of a publicly listed U.S. equity security being tokenized by a third party on a public blockchain using existing U.S. regulatory and market infrastructure.
Philippine Central Bank: Wholesale CBDC Can Be Used for Securities Settlement and Cross-Border Payments
The Philippine central bank (BSP) pointed out in its recently released "Project Agila" report that potential use cases for wholesale central bank digital currency (wCBDC) include financial securities settlement and large-value cross-border payments. Under wCBDC, commercial banks and financial institutions hold accounts with the central bank and conduct real-time peer-to-peer settlement via distributed ledger technology, potentially delivering higher automation, faster processing speeds, and lower transaction costs while maintaining an architecture similar to existing RTGS systems. BSP noted that using wCBDC for securities transaction settlement can shorten the gap between trade execution and final settlement, reduce settlement risk, and that it will use the project's experience to develop its subsequent CBDC roadmap.
SanDisk (SNDK.O) Intraday Losses Widen to 10%
According to Bybit data, SanDisk (SNDK.O) saw its intraday decline widen to 10%.
U.S. SEC Official Admits Crypto ETF Regulatory Missteps, Vows to Establish More Orderly Approval Mechanism
Brian Daly, Director of the SEC's Division of Investment Management, said on the "Trillions" show that the SEC acknowledges it "handled poorly" cryptocurrency ETF approvals in the past, damaging the industry's trust. The SEC is now pushing to establish a more orderly, asset-neutral approval process to handle the roughly 200 ETF applications received each month, including innovative products such as prediction markets. Daly stressed that the SEC supports financial innovation while protecting investors, and is considering introducing a confidential filing mechanism to prevent product ideas from being quickly copied.
Crypto Contract Liquidations Reach $585 Million in Past 24 Hours
According to CoinGlass data, total liquidations in the crypto contract market reached approximately $585 million over the past 24 hours, with about 130,500 traders liquidated. Long liquidations accounted for roughly $184 million, while shorts were around $400 million.
Humanity Protocol Pivots to Enterprise AI Business After $36 Million Hack
Terence Kwok, founder of Humanity Protocol, stated that following the approximately $36 million hack that resulted in stolen treasury funds and a crash in the H token, the project is pivoting from an "identity + blockchain" positioning to enterprise-grade AI products. The attack stemmed from a compromised developer laptop rather than a smart contract vulnerability; the attacker obtained the private keys of a Humanity Foundation member through a phishing email, then cross-chain minted and dumped tokens, causing the H token to drop by about 89% at one point. Kwok admitted the probability of recovering the funds is "very low," and the team will rebuild the ecosystem through a token migration and claims process, and has already reported the case to Hong Kong and multiple other law enforcement agencies, while advancing identity and asset attestation products for AI enterprises.
On-chain perpetual contract exchange Extended completes $12.5 million in strategic funding, led by eToro
Digital brokerage eToro announced it led a $12.5 million strategic funding round for on-chain perpetual contract exchange Extended, with participation from Jump Crypto and Alber Blanc. eToro plans to directly integrate Extended’s perpetual contract engine into the self-custody wallet Zengo, which it previously acquired for $70 million. Users will be able to trade on-chain derivatives while retaining custody of their assets, and a broader range of DeFi products will later be brought to its core platform. Extended is led by Ruslan Fakhrutdinov, former head of crypto at Revolut, and as of June had processed over $245 billion in trading volume, supported more than 100 perpetual markets, and plans to expand into spot trading, tokenized RWAs, and multi-asset collateral.
Securitize becomes the first company to simultaneously issue stock on the NYSE and on-chain
Tokenization firm Securitize (SECZ) began trading on the New York Stock Exchange on Thursday, opening at $12.45, reaching an intraday high of $13.70, and closing at $12.30. Securitize also launched a tokenized version of its full SECZ shares on Solana and Avalanche, enabling broader global market access and 24/7 trading. Securitize President Brett Redfearn stated that the company is engaged in substantive discussions with the capital markets divisions of major investment banks such as JPMorgan about tokenizing IPO allocations, and expects to see related implementations within the next three to six months or a year. Securitize uses an issuer-sponsored model where the token itself is the security, retains full rights such as voting and dividends, and can operate independently of the Depository Trust Company.
JPMorgan: Strategy’s Bitcoin sale policy introduces “avoidable two-way risk” to the crypto market
JPMorgan analysts said Strategy’s recent formalization of its Bitcoin sale policy introduces “avoidable two-way risk” to the crypto market, as the company could become both a buyer and seller of Bitcoin in the future. Strategy’s BTC Monetization Program allows the sale of up to $1.25 billion in Bitcoin to replenish cash reserves, pay preferred stock dividends and interest, or conduct buybacks; its current cash reserves are roughly $2.55 billion, covering about 17 months of dividends. JPMorgan recommends Strategy raise cash reserves to a 24- to 36-month coverage level by issuing common stock to increase dollar reserves, even if this causes the share price to fall below net asset value. The analysts noted that Strategy holds approximately 4% of Bitcoin’s total supply and has purchased roughly $13.7 billion in Bitcoin this year, accounting for about 70% of total digital asset flows as estimated by JPMorgan, so any future sale possibility would exacerbate market volatility. The crypto market has recently been under significant pressure, with Bitcoin weakening persistently after Strategy sold 32 BTC at the end of May. Analysts believe a stronger crypto market in the second half of the year depends on Strategy rebuilding reserves and the passage of the U.S. Clarity Act; if both conditions are met, current pessimism could become a contrarian signal for a bullish second half.
Robinhood CEO: The future of crypto lies in real-world assets, not Meme coins
Robinhood CEO Vlad Tenev stated in a CNBC interview that the key growth driver for the crypto industry is bringing real-world assets on-chain, not Meme coins. Tenev said, “If an asset isn’t tied to underlying utility, it’s not a productive asset,” and believes traditional finance and crypto are converging, “Everything that runs on traditional rails will eventually go on-chain and get tokenized, it’s like a freight train that can’t be stopped.” Robinhood launched its Stock Tokens service on Wednesday, allowing eligible users to trade tokenized stocks 24/7, and plans to offer exposure to private companies such as OpenAI. Tenev said Bitcoin will not become unimportant, but the next phase of industry growth will come from the tokenization of real-world assets.
Trump insists his massive crypto gains “pose no problem at all”
U.S. President Donald Trump responded on Thursday in a CNBC interview to financial disclosures showing that his family’s crypto business had made at least $1.4 billion in profits, saying “there’s nothing illegal, it poses no problem at all,” and indicated he did not know the specifics of his crypto operations. Trump said, “I could have known, but I don’t,” while stating his investments are managed by large institutions and that he “doesn’t even know who the managers are.” Trump said in the interview that his goal is to ensure America stays ahead in crypto, saying “Whatever we do, I want to be number one, and we are number one in crypto.” Critics point out that Trump did not divest assets during his term and may be profiting from the presidency. Disclosure documents show that Nvidia, Microsoft, Netflix, and ExxonMobil were the most frequently traded stocks in his portfolio.
A whale adds to BTC and SOL longs and holds HYPE short, total position size $78.36 million
A whale has added to long positions on BTC and SOL, currently holding a 20x long position on 1,072 BTC ($66 million) and opened a new 10x long position on 64,339 SOL ($5.2 million). The whale also holds a 10x short position on 106,994 HYPE ($7.16 million). The three positions total $78.36 million.
SEC Chair: Modernizing rules and regulations to facilitate market migration on-chain
U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins stated that over the past year the SEC has actively responded to President Trump’s goal of “making America the crypto capital of the world” and is taking historic steps to modernize rules and regulations to facilitate the migration of markets on-chain.
Russian Central Bank Governor: Digital Ruble to launch on September 1
Russian Central Bank Governor Elvira Nabiullina confirmed the Digital Ruble will launch as planned on September 1, saying everything is now “ready to go.” The Digital Ruble will serve as a complement to Russia’s fiat ruble, initially accepted by financial and credit institutions. Development of this CBDC began in 2021, and the EU had already imposed preemptive sanctions on the Digital Ruble in April 2025 as part of its response to Russia’s war against Ukraine. Russian Central Bank First Deputy Governor Vladimir Chistyukhin stated that legislation related to the Digital Ruble will take effect on September 1, with a transition period lasting until July 2027. In contrast, a U.S. housing bill containing a CBDC ban has been sent to Trump; it will automatically become law if the president does not sign it within 10 days, with the ban lasting until 2030.
Trump: Will not sign housing bill before signing election bill
U.S. President Donald Trump on Thursday refused to commit to signing a housing bill that previously won bipartisan support in Congress, instead demanding that Congress first pass the controversial Safeguard American Voter Eligibility Act. Trump called this election bill “the most important bill right now, one that will affect things for years to come,” saying that the legislation requires voters to present photo identification when voting and provide proof of citizenship when registering. Trump said the housing bill contains “a lot of provisions put in by Democrats” and stated, “I’d rather not sign any bill until the Safeguard American Voter Eligibility Act is signed.” The housing bill reportedly includes a four-year Federal Reserve central bank digital currency ban.
Ripple co-founder revealed to have invested in a company founded by a U.S. Senator’s son
Ripple co-founder and Executive Chairman Chris Larsen has been revealed to have invested in the derivatives exchange American Perpetuals Exchange Corp. (APEC), founded by Theodore Gillibrand, son of New York Senator Kirsten Gillibrand. The platform reportedly raised $30 million, with most investors contributing between $5,000 and $10,000. The investment comes as Gillibrand is involved in negotiating ethics provisions of the Clarity Act, a bill that will have a significant impact on the U.S. crypto industry. Gillibrand has publicly stated that "members of Congress and government officials should not be allowed to profit from the industry as insiders," but her spokesperson responded that Gillibrand "has no involvement" in her son's business. Senate Republicans hold only a slim majority and need some Democratic support to reach the 60-vote threshold. The Senate will reconvene on July 13 and recess in August, narrowing the window to pass the bill before the November election.
Russian Central Bank Governor: Cautious on stablecoins, only considering as supplement for international settlements
Russian Central Bank Governor Elvira Nabiullina stated at the Bank of Russia Financial Congress that the central bank is “paying close attention” to the use of stablecoins in international settlements, but only as a supplement to the digital ruble, and remains cautious on domestic stablecoin settlements, saying it “will not make it a priority.” Nabiullina disclosed that the central bank is intensively discussing the issuance of a state-controlled ruble-pegged stablecoin and analyzing the feasibility of using it in conjunction with the central bank digital currency for cross-border operations. Last week, the central bank proposed a draft regulatory framework for stablecoins, with the core requirement that all operations must be conducted under state control via exchanges or legal exchange points. The crypto regulation bill currently under review in the State Duma has not yet clarified the regulatory provisions for stablecoins. The bill was originally scheduled to take effect on July 1, but the second and third readings have been postponed.
Ukraine for the first time places seized crypto assets under state management, confiscates over 8.3 million USDT
Ukraine has for the first time placed seized crypto assets under state management. The Office of the Prosecutor General of Ukraine stated on Telegram that over 8.3 million USDT have been transferred to wallets controlled by the National Agency for Asset Recovery and Management. The USDT came from a suspected member of an international hacker group that launched cyberattacks against targets in Europe and the US, stealing confidential data and extorting ransom, with estimated losses exceeding $100 million. Four suspects, including the organizer, have been detained, and total assets seized exceed $11.1 million, including real estate, vehicles, $1 million in cash, and crypto assets. Ukraine legalized virtual assets in 2022 and is advancing tax and regulatory bills to align with EU standards. According to Chainalysis data, Ukraine ranks fourth in Europe in crypto transaction volume, receiving $206.3 billion from mid-2024 to mid-2025.
Wallet linked to Tim Draper deposited 1,000 BTC (~$61.82 million) to Coinbase Prime 7 hours ago
A wallet possibly linked to US venture capitalist and billionaire Tim Draper deposited 1,000 BTC ($61.82 million) to Coinbase Prime 7 hours ago. Tim Draper is a well-known venture capitalist who bought approximately 29,656 BTC (from Silk Road confiscated assets) at a US Marshals Service auction in 2014 at a price of about $632 per BTC, for a total of $18.7 million. Those BTC peaked in value at $3.74 billion and are currently worth $1.82 billion.
Predictive behavioral AI network THEA raises $8 million, led by Maven 11 Capital and others
THEA, a predictive behavioral AI network focused on risk markets, has completed an $8 million funding round to build its Solana-based coordination layer and expand AI infrastructure. The round was led by Maven11 Capital, Spartan Group, ManifoldTrading, HackVC and Fisher8 Capital. THEA was founded in 2024, headquartered in the Cayman Islands, and its AI models are trained on over 35 billion real-world decision data points; its core product provides predictive behavioral AI for risk markets. The company plans to launch THEA Network — a coordination layer that routes inference requests and settles transactions on Solana, while keeping heavy data processing off-chain. THEA also plans to introduce a utility token to tokenize access to its autonomous system.
Kuaishou's “Kling AI” close to completing $3 billion funding round, Middle Eastern fund may lead
Kuaishou's “Kling AI” is close to completing an independent funding round exceeding $3 billion, with a post-money valuation of $18 billion. The lead investor is reportedly a Middle East-backed fund, and well-known institutions such as Tencent, Alibaba, General Atlantic (5.080, 0.01, 0.20%), and Sequoia are also on the list of potential investors. Kling AI plans to complete restructuring and share reform in 2026 and is expected to officially submit its IPO application in early 2027. Notably, the $18 billion is a result of market “revaluation.” Kuaishou's initial expectation was $20 billion, which was later lowered due to feedback from capital markets. Even so, this is still the largest funding round globally in the AI video generation track in 2026. Public financial reports show Kling's revenue last year was about 1.04 billion yuan, accounting for only 0.73% of Kuaishou's total revenue. But entering this year, its commercialization pace has accelerated comprehensively: Q1 revenue surpassed 650 million yuan, soaring over 300% year-on-year; as of March this year, its annual recurring revenue (ARR) has reached $500 million. During the same period, Kling's global user base exceeded 60 million, with over 600 million videos generated, and it has provided API services to over 30,000 enterprises and developers. Based on the $18 billion valuation and $500 million ARR, Kling AI's current Price/ARR multiple is about 36x.
Riot Platforms deposits 500 BTC (~$30.72 million) to NYDIG Custody
Riot Platforms is selling BTC, depositing 500 BTC ($30.72 million) to NYDIG Custody.
A suspicious transaction occurred on the decentralized privacy protocol Hinkal. EOA address 0xbB3f01a1b1C68F3DEB36C55342b5F5706c32fc20, after completing a “Proofless Deposit” operation, executed multiple “Transact” transactions, stealing approximately 800,000 USDC from the Hinkal contract.
Solana-based NFT platform Exchange Art to shut down on August 1
Solana-based NFT art platform Exchange Art announced it will officially cease operations on August 1, 2026. The platform stated that due to a prolonged downturn in the on-chain art market, it could not find a sustainable financial path and has decided to shut down. Users need to access their accounts and extract necessary information before the closure; all works and funds held in the platform's sales and custodial contracts will be released to owners before the shutdown. All artworks have been minted on the Solana blockchain and can be imported to other markets; artists and collectors do not need any additional steps to ensure their works are safe.
Robinhood Chain ecosystem TVL reaches $38.79 million
Robinhood Chain ecosystem total value locked (TVL) has reached $38.79 million, broken down as: Robinhood TVL $12.17 million, Morpho $9.75 million, Spark $8.48 million, Uniswap $5.49 million, Maple Finance $1.52 million, Ethena $1.11 million, Meridian $253,000, Pancakeswap $105,000.
Bitmine: Expects ETH/BTC ratio to strengthen in the second half of this year
Bitmine Chairman Tom Lee posted that the ETH/BTC ratio has strong reasons to strengthen in the second half of 2026, the core logic being that ETH's narrative as money is gaining market attention. Tom Lee points to three catalysts: sustained growth of stablecoins, the asset tokenization wave, and an increasing number of new forks and projects within the Ethereum ecosystem, all reinforcing ETH's store-of-value properties and driving its performance relative to BTC. Tom Lee explicitly expects the ETH/BTC ratio to continue rising throughout 2026 and emphasizes that this is a key metric worth ongoing attention.
Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here. This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Fellow Binancians, From 2026-07-03 00:00 (UTC), Binance will update the campaign rule to this airdrop campaign, rewarding all eligible users who hold World Liberty Financial USD (USD1) on our platform. Eligible users will share rewards from a grand prize pool of 178 million World Liberty Financial (WLFI) tokens. Key Update From 2026-07-03 00:00 (UTC), USD1 in Binance Futures or Margin accounts can receive a 1.2x bonus multiplier on rewards, only if the user’s Daily Open Interest on USD1 Futures pair(s) is maintained at a minimum of 300 USD1. Binance will take hourly daily snapshots of each user’s Open Interest each day and use the lowest recorded amount to determine if the users’ Daily Open Interest on that day meets the minimum requirement and their eligibility of the 1.2x bonus multiplier. Note: If the users’ Daily Open Interest on USD1 Futures pair is less than 300 USD1 on certain days, and hold more than 0.01 USD1 in their Margin or Futures Accounts, they will still receive 1x rewards on those days, just not the 1.2x bonus rewards. The rest of the campaign terms remain unchanged. Case examples: User A’s Daily Open Interest on USD1 Futures pair from Day 1 to Day 6 is maintained at 1,500 USD1, Day 7 at 100 USD1. Throughout the 7 days, the user holds 10,000 USD1 in Spot and 20,000 USD1 as collateral in Margin, and effective base APR is 20%, effective boosted APR is 24%, User A's rewards due to be received at the end of 7 days will be as follows:[(10,000 * 20% * 7) / 365] + [(20,000 * 24% * 6) / 365] + [(20,000 * 20% * 1) / 365] = 128.21 USD worth of WLFIUser B’s Daily Open Interest on the USD1 Futures pair is maintained at 1,500 USD1 throughout week 1. The user borrowed 5,000 USD1 from VIP loan or Margin (“liabilities”). Among this borrowed 5,000 USD1, 4,000 USD1 was used as collateral in Margin, the remaining 1,000 USD1 was held in their Spot Account in week 1. The effective base APR is 20%, effective boosted APR is 24%, User B’s rewards due to be received at the end of week 1 will be as follows:Qualifying Balance = 0 [(0 * 20% * 7) / 365] + [(0 * 24% * 7) / 365] = 0 USD worth of WLFIUser C’s Daily Open Interest throughout Week 1 was maintained at 100 USD1. The user had 1,000 USD1 in the Margin Account and used it as collateral to borrow 4,000 USDT through Margin (“Liabilities of the other Stablecoins”), then converted this 4,000 USDT to USD1. The user now holds 5,000 USD1 in Margin (“USD1 Balance”) in week 1. The effective base APR is 20%, effective boosted APR is 24%, User C’s rewards due to be received at the end of week 1 will be as follows:Daily Open Interest < 300, doesn’t qualify for 1.2x bonus rewards. Qualifying Balance = MAX [5,000 - 4,000, 0] + {5,000 - MAX[5,000 - 4,000, 0] } = 1,000 + (5,000 - 1,000) * (1 - 70%) = 2,200[(2,200 * 20% * 7) / 365] = 8.43 USD worth of WLFI Important Notes: Snapshots of user’s Open Interest will be taken at any point of time each hour to get users’ hourly Open Interest. The lowest USD1 Open Interest captured during those snapshots on each day will constitute their Daily Open Interest. If the Daily Open Interest is lower than 300 USD1 for a specific day, then for that day the user won’t receive 1.2x bonus rewards. Terms and Conditions: Users may not be eligible for rewards if there are active restrictions on their accounts.WLFI token value for airdrop distribution will be based on the official Binance market closing price one day before the airdrop distribution day.Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly balances in the aforementioned account categories. The lowest USD1 balance captured during those snapshots on each day will constitute the user’s Qualifying Balance and be used to calculate their rewards.At any snapshot time, any one of users’ supported assets must be greater than 0.01 USD1 to be included in the calculation.Broker accounts are not eligible for this campaign. Binance reserves the right to periodically update the rules to accommodate changes in legal, regulatory, or other factors.Users must complete account verification (KYC) and also be from an eligible jurisdiction to participate in the campaign. Currently, users residing in the following countries or regions will not be able to participate in the USD1 campaign (notwithstanding that they may hold USD1): Åland Islands (Finland), Austria, Belgium, Bulgaria, Canada, Crimea (Ukraine – disputed territory), Croatia, Cyprus, Czech Republic, Denmark, Democratic People’s Republic of Korea, Donetsk People’s Republic, Estonia, Faroe Islands, Finland, France, French Guiana, Germany, Gibraltar, Greece, Guadeloupe, Guernsey, Hungary, Ireland, Isle of Man, Islamic Republic of Iran, Italy, Japan, Latvia, Lithuania, Luhansk People’s Republic, Luxembourg, Malta, Martinique, Mayotte, Netherlands, Poland, Portugal, Republic of Cuba, Réunion, Romania, Russian Federation, Saint Martin (French part), Slovakia, Slovenia, Spain, Sweden, United Kingdom, United States of America and its territories.Please note that the list of excluded countries provided here is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.For clarity, references to “USD1” in the content above are not direct acronyms of the “United States Dollar” fiat currency unless otherwise specified.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.Binance reserves the right to suspend any user's Margin borrowing at any time, without prior notice, in its sole discretion, if any abnormal or suspicious activity is detected.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-07-02 Trade on-the-go with Binance’s crypto trading app (iOS/Android) Find us on TelegramWhatsAppXFacebookInstagramDiscord Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice. Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. The APR is calculated weekly, and is expressed as an annualised percentage yield for illustrative purposes only. Each APR is not indicative of future results. The APR is likely to fluctuate week-to-week and the estimated rewards may differ from the actual rewards generated. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use, and our Risk Warning. To learn more about how to protect yourself, visit our Responsible Trading page.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
President Donald Trump reported more than $1 billion in crypto earnings for 2025, with a single meme coin and his family’s crypto venture driving most of the income detailed in a new federal financial disclosure.
The 927-page filing, released Tuesday by the Office of Government Ethics, arrived one day after a pivotal Supreme Court ruling. The decision widened presidential power over the independent agencies that regulate digital assets.
Where Trump Crypto Earnings Came FromThe filing shows CIC Digital, Trump’s meme coin business, earned about $636 million in royalties. He launched the token three days before his January 2025 inauguration.
World Liberty Financial added about $515 million from token sales and $65 million from equity in its holding company. The decentralized finance (DeFi) venture is roughly 38% owned by a Trump family entity.
Together, the three streams topped $1.2 billion. Trump separately disclosed more than $100 million in Bitcoin (BTC) and Ethereum (ETH) holdings.
The stake ties him to a Trump family crypto empire built on assets he now helps regulate.
Disclosure Lands Beside a Major Court RulingThe disclosure followed Trump v. Slaughter, a Supreme Court decision that lets presidents fire commissioners at independent regulators without cause.
The 6-3 ruling overturned Humphrey’s Executor, a 91-year-old precedent that had shielded those agencies from the White House. Legal analysts say it extends to the SEC and CFTC, the main crypto regulators.
The timing sharpened questions about Trump’s dual role as policymaker and crypto investor. Trump welcomed the outcome.
“This Decision gives tremendous additional Power back to the Presidency, where it belongs. It is an Honor to be the sitting President who, after all these years, WON this very important, and hard fought, Case,” Trump noted in a Truth Social post.
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Scrutiny Over Conflicts of Interest GrowsWorld Liberty Financial has drawn the sharpest scrutiny. In May 2025, Abu Dhabi state fund MGX settled a $2 billion Binance investment using the firm’s USD1 stablecoin.
That deal routed foreign-government money through a token the president’s family helps control. Senate Democrats demanded hearings into the venture over its foreign ties.
The White House has denied that a reported UAE deal shaped the firm. Lawmakers have pushed to bar federal officials from such crypto transactions.
The earnings landed during a market slump. Bitcoin’s spot price sat near $58,500 on Tuesday, down more than 50% from its October record.
Most small wallets that bought the meme coin have lost money, public data shows. Trump’s gains, set against those losses, will keep his stakes under watch as his agencies write the sector’s rules.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Predict.fun World Cup knockout stage: Norway's advancement probability stands at 65%, Ivory Coast secures over 30% of market support
According to data from prediction market platform Predict.fun, for the 2026 FIFA World Cup Round of 32 match between Ivory Coast and Norway, the implied probability of Norway advancing is approximately 65%, while that of Ivory Coast stands at 36%. The market overall favors the Norwegian side led by Erling Haaland and Martin ?degaard to progress to the next round. In terms of playing style, Ivory Coast has multiple players competing in top European leagues, with strong counterattack and individual dribbling capabilities; Norway, meanwhile, showed solid competitiveness in the group stage thanks to its tight defensive system, set-piece proficiency and aerial dominance. Although the market currently leans toward Norway advancing, it still retains over a 30% expectation for the "African Elephants" (Ivory Coast's nickname), indicating traders are monitoring the underdog's potential to pull off an upset.
25 minutes ago
Bernstein sharply raises SNDK's target price to $3,000.
Bernstein analyst Mark Newman has raised SanDisk (SNDK)’s stock price target from $1,700 to $3,000, while retaining an “Outperform” rating on the stock. The firm explained that new Long-Term Agreements (LTAs) differ from their predecessors: older LTAs were customer-biased, while the new ones come with fixed or range-bound prices, include advance payment commitments to lock in clients and protect against downside risk, and feature longer terms. Per data from the company, SanDisk’s recently signed LTAs have a floor price of $0.29 per GB, which is significantly lower than Micron’s second-quarter floor price, the analyst noted in a research report for investors.
25 minutes ago
Sources: At least one sovereign wealth fund is adding to its spot Bitcoin holdings on the dip.
MidChains CEO Basil Al Askari stated that "at least one" sovereign wealth fund is adding to its spot Bitcoin holdings amid the price downturn, while another sovereign wealth fund may begin buying in the coming weeks. He noted this sends a very clear signal to other institutions that might still be on the sidelines, as they view these large funds as leaders in the asset class. MidChains is a regulated cryptocurrency trading platform based in Abu Dhabi, backed by sovereign wealth fund Mubadala. Prior to founding MidChains, Askari worked in the private equity team of Mubadala Capital, the Abu Dhabi sovereign wealth fund, and held roles in GE Capital’s commercial finance teams across the US, UK, and UAE, with extensive experience in financial investment and operations.
25 minutes ago
Spanish coffee chain Vanadi Coffee adds 10 Bitcoin to its holdings, bringing its total Bitcoin position to 223.
According to monitoring by BitcoinTreasuries.NET, Spanish coffee chain Vanadi Coffee has added 10 Bitcoin, bringing its total holdings to 223 Bitcoin.
25 minutes ago
Binance Japan Appoints New General Manager
Binance Japan announced that it will appoint Arisa Toyosaki as its new General Manager (Representative Director) effective July 1, 2026. Outgoing head Tsuyoshi Chino will be reassigned to the roles of Honorary Chairman and Director, and will continue to provide strategic guidance. According to a public statement, Toyosaki holds a degree in Computer Science and Economics from Northwestern University in the U.S. Her professional background includes stints as a derivatives trader at UBS Hong Kong, leading Search and AR business operations at Google Japan, founding DeFi project Cega in 2022, and selling the project in 2025. She has also been recognized on Forbes’ 30 Under 30 list.
25 minutes ago
Binance Alpha will distribute an airdrop at 18:00 today, with a point threshold of 224.
Per an official announcement, Binance Alpha will conduct an airdrop distribution at 18:00 today. Users holding at least 224 Binance Alpha points can claim the tokens on a first-come, first-served basis until the airdrop pool is fully allocated or the event expires. More details will be announced shortly.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Terms and conditions apply. Fellow Binancians, Binance Earn is excited to launch a campaign for the USD1 Simple Earn Flexible Products! During the Promotion Period, users who subscribe to USD1 Flexible Products may enjoy up to 8.5% APR, which includes an exclusive Bonus Tiered APR on top of Real-Time APR rewards. How to Participate Promotion Period: 2026-06-27 00:00:00 (UTC) to 2026-07-26 23:59:59 (UTC)Subscription Format: Complete subscription on a first-come, first-served basis in accordance with the terms below.Rewards Distribution:Bonus Tiered APR: Distributed to users’ Spot Accounts on a daily basis. The first reward will be given the day after accrual starts (two days after subscription).Real-Time APR: Accrued and directly accumulated in users’ Earn Accounts every minute. Offered Products Digital AssetDurationAPR During Promotion PeriodMin. Subscription Limit per UserMax. Subscription Limit per UserTier Range: Subscription Amount ≤ 2,000 USD1Tier Range: Subscription Amount > 2,000 USD1USD1Flexible8.5%(including 8% Bonus Tiered APR and approximately 0.5% Real-Time APR)0.5%(Approximately 0.5% Real-Time APR)0.01 USD12.5 Million USD1 How to Get Started with USD1 Flexible Products: Users can buy USD1 on the Buy Crypto page, which supports local and international payment methods including Visa and Mastercard cards, Apple Pay, Google Pay, account balances and SWIFT Bank Transfer (corporate user exclusive). Users can also deposit USD1 to their Binance account. Head to [Simple Earn], and search for USD1. Select FLEXIBLE, and subscribe to USD1 Simple Earn Flexible Products to start earning exclusive APR Rewards! Start Earning Now! Terms & Conditions: These terms and conditions (“Activity Terms”) govern users’ participation in the activity above (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Only users who complete identity verification during the Promotion Period can qualify for rewards in the Promotion, and only master accounts qualify for rewards in the Promotion. Sub-accounts are not eligible to receive rewards. The products or features referred to above may not be available in your region. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance services in each country from which the services are accessed.Changes to the Binance Simple Earn Rewards Rate will be published on the Platform from time to time. Please refer to Binance Simple Earn Terms & Conditions and Risk Warning for more information prior to using Binance Simple Earn. Rewards:Real-Time APR is subject to change every minute, please refer to the respective product page(s) for accurate information. Real-Time APR rewards are accrued and directly accumulated in users’ Earn Accounts every minute.Bonus Tiered APR is offered as an additional reward on top of Real-Time APR. Upon subscription, Bonus Tiered APR rewards start to accrue the next day starting from 00:00 (UTC) based on the snapshot of your subscribed amounts to the Flexible Product of the day, which will be taken randomly between 00:00:00 to 23:59:59 (UTC) daily. Rewards will start to be distributed the following day after accrual starts between 00:00 (UTC) and 08:00 (UTC) to the user’s Spot Account.Any redemption of Flexible Products made between 00:00:00 (UTC) and 00:00:00 (UTC) of the following day will stop the accrual of Bonus Tiered APR rewards on the redeemed amount for that day.Redemptions of Flexible Products will be processed starting with assets that have accrued rewards. Users can check the rewards history from the Earn History. Bonus Tiered APR rewards are calculated based on the subscribed amounts and are subject to the respective tier limit for each token. Please refer to the FAQ for more details.All users who hold open positions for USD1 Flexible Products will receive both Real-Time APR and Bonus Tiered APR rewards during the Promotion Period. Once the Promotion ends, users will be entitled to Real-Time APR rewards only. The Activity's subscription amount of each user has an upper limit. When the upper limit is reached, users will no longer be able to subscribe.A large amount of redemption requests might delay redemption temporarily. Redemptions may resume upon return of liquidity.Users can view their Flexible Products assets by going to Assets > Earn > Simple Earn.Redemption time for Flexible Products subscriptions: Instant. For clarity, references to “USD1” in the content above are not direct acronyms of the “United States Dollar” fiat currency unless otherwise specified. Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments. There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-06-26
Trump-linked World Liberty Financial (WLFI) is under fire again after Justin Sun’s HTX exchange took counter measures. HTX fired back by suspending WLFI trading pairs and delisting the project’s USD1 stablecoin. The move came in response to WLFI freezing user assets in Huobi-related wallet addresses.
Justin Sun’s HTX Moves To Delist USD1 Stablecoin In a new announcement on June 6, HTX announced that it will officially delist USD1 on June 7 at 11:00 UTC+8. Moreover, the will convert the eligible user’s holdings in USD1 to USDT at a 1:1 exchange rate.
The crypto exchange said the decision aimed “to reduce potential risks, ensure the safety of user assets, and maintain a fair trading environment.”
🪧 火币 HTX 关于 $WLFI、 $USD1 资产处理的情况说明
The World Liberty Financial (WLFI) 项目方近期以相关制裁合规审查为由，单方面对火币 HTX 相关链上地址采取冻结措施，导致部分 WLFI 资产链上流转受限。
鉴于 USD1 同样由 WLFI…
— 火币HTX (@HuobiGlobal) June 6, 2026
After the conversion process, “the corresponding USDT will be credited to users’ spot accounts,” HTX added. The team also noted that the final time for the distribution would be announced separately.
The latest move comes after HTX’s earlier statement on June 5. It indicated that the “World Liberty Financial (WLFI) project team has recently, citing compliance reviews related to sanctions, unilaterally frozen on-chain addresses associated with Huobi HTX.” The exchange said that the limitations applied to “the on-chain circulation of certain WLFI assets.”
At the time, HTX had halted a number of trading pairs involving WLFI. These included WLFI/USDT, USD1/USDT, BTC/USD1, and ETH/USD1, due to the issues of asset security and fairness of the market. Now, the exchange has taken it one step further, by completely withdrawing USD1 from its platform.
The World Liberty Financial Vs. Justin Lawsuit Drama The dispute comes as the ongoing legal dispute between WLFI and Tron founder Justin Sun. In his suit, Sun claims that his tokens were frozen without any reason. He added that the project had a potential to destroy the assets, which might make it impossible to recover them.
WLFI was also accused by Sun of having a “blacklist” mechanism where he froze or even limited user funds. WLFI, in turn, filed a countersuit against the Tron founder for orchestrating a campaign of defamation and distortion. They added that he is reinforcing harmful accusations on social media through influencers and bots.
Further, although Sun got a behind-the-scenes settlement offer from a WLFI investor, he hasn’t yet announced any progress around it.
TLDR: BNB price crossed $1000 after network upgrades slashed block time to 0.75 seconds and lowered gas fees by 90%. Stablecoin USD1 filled the gap left by BUSD, boosting liquidity and onchain trading activity on BNB Chain. SEC lawsuit dismissal reduced regulatory risk, unlocking demand for BNB from traders and institutions. Billions in BNB burns, new RWA deployments, and venture capital inflows tightened supply and drove price upward. BNB has smashed past $1000, leaving traders asking what pushed the move. The rally did not happen in isolation. Multiple factors across regulation, network upgrades, and liquidity lined up in rapid succession.
BNB Chain projects ramped up activity and demand soared. Legal clarity removed a key overhang, giving the token more room to run.
BNB Chain Upgrades and Higher Network Demand CZ, founder of Binance, pointed to several changes on BNB Chain that helped build momentum. The network cut block times twice, moving from three seconds to under one. Faster confirmations drew in users who valued speed over cost.
Gas fees dropped by 90%, making transactions cheaper for traders. Lower costs helped drive a spike in activity across DEXs and stablecoins. According to onchain data shared by Sakura_XBT on X, daily transaction volume surged past other chains during this period.
Why BNB reach $1000?
Good question. No one knows for sure. Correlation does not prove causation. But here is a incomplete list of possible reasons.
People tend to give me too much credit. I didn't do much. I am not technically involved like Vitalik. I am at best a mascot, but… https://t.co/rvhFA0yxYP
— CZ 🔶 BNB (@cz_binance) September 18, 2025
Binance Chain also saw the launch of USD1, its first native stablecoin since BUSD’s shutdown in 2023. This restored liquidity and created deeper markets for DeFi users. Multiple RWA and AI projects went live on BNB Chain, expanding use cases and drawing capital back to the ecosystem.
PancakeSwap, Lista, and other DeFi protocols reported higher volumes as liquidity deepened. The rise of meme coins also brought retail traders back, adding more transactions to the chain.
Legal Clarity and Fresh Capital Inflows Legal pressure on Binance eased after the SEC dropped its lawsuit earlier this year. CZ said this removed concerns about BNB’s status as a security. Traders treated the move as a green light, reducing perceived risk around holding Binance Coin.
BNB Chain burned $1.6 billion worth of BNB in the last quarter, adding deflationary pressure. The reduced supply combined with growing demand amplified the price effect.
Venture firms such as YZiLabs increased investments, incubating dozens of projects on the network. These launches created fresh token demand as builders and traders used the token for fees and liquidity.
Sakura_XBT also pointed out that multiple digital asset treasury buyers acquired BNB in large size. This steady flow of institutional purchases added to price support as the market broke through key levels.
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
1 seconds ago
US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
1 seconds ago
CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
1 seconds ago
Multiple high-performing domestic public mutual fund products have tightened their purchase restrictions.
E Fund Management announced in its latest filing that the E Fund Information Industry Select Fund, managed by Zheng Xi, has cut its purchase limit to 10,000 yuan. The same purchase limit reduction to 10,000 yuan applies to another fund under his management, E Fund Information Industry Fund, while E Fund Global Growth Select Hybrid Fund (QDII) has lowered its purchase limit to 10 yuan. In addition, Guolianan Preferred Industry Fund, Harvest Tech Innovation Fund, and Principal Performance-Driven Fund have also announced purchase limits or adjustments to their limits recently. Jin Zicai, a fund manager closely watched by the market, imposed additional purchase limits on multiple public offering funds under his management, with the four funds involved cutting their purchase limits to 500 yuan starting June 23. Purchase limits on high-performing funds likely stem from multiple considerations: they can avoid return dilution caused by short-term concentrated subscriptions, and proactive limits during overheated market conditions also send risk warning signals to the market. As the first half of the year draws to a close, such moves have become increasingly frequent. Overall, Wind data shows that since June alone, 19 funds with year-to-date net asset value returns exceeding 90% have suspended large subscriptions or adjusted their purchase caps. (Source: Cailian Press)
1 seconds ago
The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.
According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.
1 seconds ago
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
WLFI proposes 180-day staking, ~2% APR to align governance and USD1 arbitrage.
Summary
Unlocked WLFI must be staked at least 180 days to vote. Node (10m WLFI) and Super Node (50m WLFI) tiers add OTC USD1 access, incentives. Target ~2% APR from treasury; 7-day vote, 1b WLFI quorum for approval. World Liberty Financial (WLFI) has introduced a governance reform proposal that would require token holders to stake their assets to participate in voting, according to a proposal document released by the organization.
The WLFI Governance Staking System proposes linking influence and rewards to token lock-up duration, representing a potential shift in how governance power is distributed within the WLFI ecosystem, the document stated.
Under the proposal, holders of unlocked WLFI tokens would be required to stake their tokens for a minimum of 180 days to vote on governance matters. Voting power would be calculated using a square root formula that factors in both the amount of tokens locked and the remaining duration of the lock-up, according to the proposal.
Participants who stake their tokens and vote at least twice during their lock period would be eligible for a base reward of approximately 2% annual percentage rate, funded directly from the WLFI treasury, the proposal stated.
The proposal introduces two participation tiers for large stakeholders. The Node Tier would require a minimum stake of 10 million WLFI tokens and provide access to over-the-counter conversion pathways for stablecoins such as USDT and USDC into USD1, along with additional rewards tied to conversion volume, according to the document.
The Super Node Tier would require a minimum stake of 50 million WLFI tokens and provide priority access to the WLFI team for partnership discussions and potential economic incentives, the proposal stated.
According to the proposal document, the system aims to redirect arbitrage value back into the ecosystem. The proposal states that institutional market makers captured a significant portion of arbitrage opportunities during the expansion of the USD1 stablecoin.
The proposal is open for a seven-day community vote and requires a minimum quorum of 1 billion eligible voting tokens to pass. If approved, implementation would roll out in three phases, beginning with the activation of governance staking for all holders of unlocked WLFI tokens, according to the proposal.
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
8 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
8 minutes ago
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
8 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
8 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
8 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
PANews reported on June 12 that, according to an official announcement, Binance will support the rebranding of Toncoin (TON) as Gram (GRAM). Binance will cease trading and remove all existing TON spot trading pairs (TON/FDUSD, TON/IDR, TON/TRY, TON/U, TON/USD1, TON/USDC, and TON/USDT) at 11:00 AM (UTC+8) on June 30, 2026, and will automatically cancel all pending orders.
Meanwhile, Binance will suspend TON token deposits and withdrawals at 11:30 AM (UTC+8) on June 30, 2026. TON tokens deposited after this time will not be credited to your account. Binance will reopen GRAM token deposits at 3:00 PM (UTC+8) on July 2, 2026, and will open spot trading for GRAM/FDUSD, GRAM/IDR, GRAM/TRY, GRAM/U, GRAM/USD1, GRAM/USDC, and GRAM/USDT at 4:00 PM (UTC+8) on the same day. After the token swap and rebranding are completed, Binance will no longer support TON token deposits and withdrawals.
PANews reported on April 20 that, according to an official announcement, Binance will launch the Binance Life/U, Binance Life/USD1, ENJ/U, GIGGLE/U, and ORDI/U spot trading pairs on April 21, 2026 at 16:00 (UTC+8).
In addition, Binance will open its trading bot service for the following trading pairs at 16:00 (UTC+8) on April 21, 2026:
Binance Margin will add several new trading pairs, including Binance Life/U and Binance Life/USD1.
PANews reported on April 21 that, according to an official announcement, Binance Leverage will add the following full-margin leveraged trading pairs on April 21, 2026 at 16:00 (UTC+8): Binance Life/U, Binance Life/USD1, ENJ/U, GIGGLE/U, and ORDI/U.
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Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
5 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
5 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
5 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
5 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
5 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
The US House Financial Services Committee voted 32-17 to pass the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025, aimed at stablecoin regulation.
This legislative milestone comes amid growing activity in the stablecoin market. Competition is heating up as major traditional financial institutions prepare to enter the space.
STABLE Act Passes Committee Vote Chairman French Hill and Representative Bryan Steil spearheaded the legislation (H.R. 2392). It seeks to establish a robust framework for stablecoin issuance, mandating 1:1 reserve backing, monthly audits, and AML requirements.
“This legislation is a foundational step toward securing the future of financial payments in the United States and solidifying the dollar’s continued dominance as a world reserve currency,” Representative Steil remarked.
The bill’s passage saw bipartisan support, with six Democrats voting in favor. Notably, this comes shortly after the US Senate Committee on Banking, Housing, and Urban Affairs greenlit the GENIUS Act. The bill passed in a bipartisan 18-6 vote.
“The bills await debate time on the floor and a vote in their respective chambers,” Journalist and Host of Crypto In America, Eleanor Terrett, noted.
According to Terrett, efforts are underway to align the two bills closely over the next few weeks. The aim is to address differences between the bills. Aligning them will make it easier to proceed without creating additional complications.
“If they can get them to be in relatively the same place on their own, it will avoid having to set up a so-called conference committee which is formed so members from both chambers can negotiate to create a final version of the bill everyone agrees on,” she added.
Stablecoin Competition Heats Up, but Are There Signs of a Purge?The drive for legislation occurs alongside rising activity in the stablecoin market. Global players are joining the fray.
For instance, in Japan, Sumitomo Mitsui Banking Corporation (SMBC) and major entities have signed a Memorandum of Understanding (MoU). The MoU initiates joint discussions on the potential use of stablecoins for future commercialization.
“This Agreement will see SMBC, Fireblocks, Ava Labs, and TIS collaborate to develop a framework for stablecoin issuance and circulation, including exploring key technical, regulatory, and market infrastructure requirements both in Japan and further afield. This Joint Discussion will not only focus on pilot projects but will aim to concretely define use cases for ongoing business applications,” the notice read.
In addition, Bank of America’s CEO previously revealed plans to launch a stablecoin once proper regulation is in place. Notably, BeInCrypto reported last month that the Office of the Comptroller of the Currency (OCC) had granted national banks and federal savings associations permission to provide crypto custody and certain stablecoin services.
That’s not all. The state of Wyoming is set to launch its own stablecoin, WYST, in July. Fidelity has also announced similar plans. Moreover, President Trump-backed World Liberty Financial officially launched its USD1 stablecoin in late March. This highlights continued interest in stablecoin adoption across both private and public sectors.
Meanwhile, Ripple announced the integration of its Ripple USD (RLUSD) into Ripple Payments. Changpeng Zhao (CZ), former CEO of Binance, reacted to the development on X.
“Stablecoin war, I mean healthy competition, just getting started,” CZ said.
As competition intensifies, the stablecoin market is also facing growing pains. Despite new entrants gaining traction, some players face heightened scrutiny.
Justin Sun, founder of Tron (TRX), recently accused First Digital Trust of insolvency. Following Sun’s allegations, First Digital USD (FDUSD) temporarily depegged.
The market’s future may hinge on the survival of only the most compliant and resilient stablecoins. This leads to a potential “purge” where weaker players fail to meet the increasing regulatory and market demands.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
5 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
5 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
5 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
5 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
5 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
There’s product placement, and then there’s paying UFC fighters in your stablecoin while they compete on the White House lawn. World Liberty Financial chose the latter.
The Trump family-affiliated digital asset venture served as the presenting sponsor of UFC Freedom 250, held June 14 on the South Lawn of the White House to mark President Donald Trump’s 80th birthday. As part of the deal, WLFI committed a $250,000 bonus pool distributed entirely in its USD1 stablecoin for “Performance of the Night” awards, putting the token’s branding squarely inside the Octagon at what may be the most politically charged sporting event in recent memory.
The deal and what it actually looks like The $250,000 in USD1 bonuses ran alongside the UFC’s traditional fighter incentive payouts. Crypto.com, which has held a longstanding sponsorship relationship with the UFC, also contributed additional bonuses at the event.
WLFI is connected to the Trump family through DT Marks DEFI LLC and related corporate vehicles.
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USD1 itself is a dollar-pegged stablecoin backed by US Treasuries and cash equivalents, with custody handled by BitGo. Launched in March 2025, the token has grown quickly. Its market capitalization now exceeds $5 billion, which puts it in a meaningful but still distant third-place race behind Tether’s USDT and Circle’s USDC. For context, USDT commands a market cap north of $140 billion.
The stablecoin has ties to several major crypto platforms, including Binance and PancakeSwap, giving it distribution channels across both centralized and decentralized exchanges. One of USD1’s most notable transactions to date involved a $2 billion deal connected to Abu Dhabi-based investment firm MGX, signaling institutional-grade interest in the token.
Why stablecoin sponsorships are the new jersey patch Sports sponsorships from crypto companies aren’t new. FTX slapped its name on a Miami arena before spectacularly imploding. Crypto.com paid $700 million for naming rights to the former Staples Center in Los Angeles. But those were exchange-level brand awareness plays.
What WLFI is doing with USD1 is different. It’s not just putting a logo on the canvas. It’s using the product itself as the payment mechanism. Fighters don’t just see the brand. They receive the token.
The UFC partnership also highlights a practical advantage stablecoins have in combat sports. UFC fighters compete internationally, and many are based outside the United States. Traditional bonus payouts involve wire transfers, currency conversion fees, and banking delays. A stablecoin payout settles on-chain, potentially in minutes, regardless of where the fighter lives.
What this means for investors For the stablecoin market specifically, USD1’s trajectory is worth monitoring. The token went from launch to over $5 billion in market cap in about 15 months. The $2 billion MGX transaction suggests USD1 is finding traction in institutional corridors, not just retail trading pairs.
Tether dominates offshore and emerging markets. Circle has carved out the US institutional and compliance-focused niche. USD1 appears to be carving a third path: politically connected, aggressively marketed through mainstream entertainment, and positioned as a bridge between crypto-native users and traditional finance.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Trump-backed World Liberty Financial funded a $250,000 Performance of the Night bonus pool at UFC Freedom 250, distributing the awards in its USD1 stablecoin on the White House South Lawn.
World Liberty Financial, the Trump family-backed crypto venture, funded a $250,000 fighter bonus pool at UFC Freedom 250 on Sunday, distributing the awards in its USD1 stablecoin on the South Lawn of the White House.
The Ultimate Fighting Championship (UFC) announced the arrangement on June 13: WLFI signed on as an official partner of the event and serves as presenting sponsor of the Performance of the Night bonuses. The awards are paid in USD1, World Liberty Financial's U.S. dollar-backed stablecoin, and are separate from a $1 million CRO bonus pool funded by Crypto.com for Fight of the Night winners. World Liberty Financial announced the sponsorship on June 10 via its official X account.
The Bonus StructureUFC Freedom 250, an outdoor mixed martial arts event held on the South Lawn of the White House in Washington, D.C., featured two parallel bonus pools. Crypto.com sponsored a $1 million CRO pool for the Fight of the Night award, described by UFC CEO Dana White as the biggest bonus in the promotion's history. World Liberty Financial contributed a separate $250,000 for Performance of the Night, distributed in USD1 rather than cash. According to post-event reports, Performance of the Night payouts reached $425,000 per fighter.
Zach Witkoff, co-founder of World Liberty Financial, framed the arrangement in settlement terms. "A victory in Washington should mean money in your pocket immediately, not when the bank opens," he said. "USD1 makes U.S. dollars more accessible and faster than ever before."
WLFI branding appeared inside the Octagon and across the event broadcast. The card streamed on Paramount+ to a global audience.
USD1 ContextUSD1 is a U.S. dollar-pegged stablecoin issued by World Liberty Financial and backed by U.S. Treasuries and cash equivalents, with custody handled by BitGo. It carries a circulating supply of roughly 4.4 billion tokens and a market cap of approximately $4.4 billion, per CoinGecko. The stablecoin trades on Ethereum, Solana, BNB Chain, Aptos, and Mantle.
World Liberty Financial was co-founded in 2024 by Donald Trump and his sons alongside Steve and Zach Witkoff. Trump holds the title of "Chief Crypto Advocate." The Defiant has previously covered WLFI's legal disputes with Justin Sun, including a defamation lawsuit and Sun's counter-suit over frozen WLFI tokens.
Political BackdropUFC Freedom 250 was staged to mark President Trump's 80th birthday and the United States' 250th anniversary. Hosting a UFC event on White House grounds is unprecedented for the promotion.
Crypto.com served as the primary event presenter alongside RAM Trucks. UFC CEO Dana White announced the expanded bonus structure at a press conference at the Lincoln Memorial ahead of the event, describing the Performance of the Night pool as an additional incentive stacked on top of the Crypto.com Fight of the Night award.
The UFC has taken on an increasing number of cryptocurrency sponsors in the past two years. UFC Freedom 250 adds a presidential-family stablecoin to that roster, deployed on live television on White House grounds.
