GoKawiil
Tech News
Binance is buying $100 million of Circle shares at $80.84 apiece as part of a five-year partnership to promote USDC on its exchange, with the stock subject to a lockup of up to two years. Circle will pay Binance a monthly incentive fee tied to USDC balances held on the platform, and Circle shares rose more than 1% in premarket trading following the announcement.
Crypto firms building stablecoin payment systems are introducing dispute-resolution and reversal mechanisms similar to chargebacks used in traditional banking. This marks a shift from the original crypto ethos of irreversible, permissionless transactions toward systems that rely on third-party intermediaries to resolve fraud and errors.
Donald Trump's federal financial disclosure for 2025 reports roughly $1.436 billion in crypto-related income and proceeds, drawn from CIC Digital, DT Marks Defi and stablecoin ventures tied to World Liberty. A separate Reuters analysis puts total profit from Trump family crypto ventures at over $2.3 billion between mid-2024 and April 2026, though the White House denies any conflict of interest, saying his children manage the businesses while he remains the beneficiary.
Zach Witkoff, CEO of Trump-linked World Liberty Financial, said USD1's trading volume and adoption prove the stablecoin has genuine utility unrelated to political favoritism. He cited over $4 billion in circulation and daily trading volumes exceeding $1 billion, dismissing suggestions the token could be used to funnel money to the Trump family.