Binance founder Changpeng Zhao was pardoned by President Trump after pleading guilty to violating an anti-money-laundering law. The story focuses on Zhao’s life after prison.
EU regulators are questioning Binance over its use of a legal exemption to serve customers in the region without securing a license. Securities regulators are examining the exemption used by the world’s biggest crypto exchange.
Binance invests $100 million in Circle and agrees to promote USDC on its platform under a five-year partnership. The exchange will purchase Circle shares at $80.84 each, subject to a lockup of up to two years, while Circle pays a monthly incentive fee tied to USDC balances. The deal aims to expand USDC internationally; USDT remains larger, with about $183 billion in circulation versus roughly $75 billion for USDC, according to CryptoQuant.
Binance buys a $100 million stake in Circle under a five-year deal to promote USDC. Circle sells 1.24 million shares for $80.84 apiece and agrees to pay Binance a monthly fee based on the amount of USDC held through Binance’s wallet infrastructure.
