1. Trump Family in Talks to Acquire Stake in Binance US, CZ Seeks Pardon link

According to the Wall Street Journal, representatives of President Trump’s family have held negotiations regarding an investment in the US subsidiary of cryptocurrency exchange Binance. CZ has been urging the Trump administration to pardon him. The negotiations began last year when Binance contacted Trump’s allies and proposed a business deal with the Trump family. It remains unclear how the Trump family’s shares would be held if the deal is reached, or whether it is contingent upon a pardon.

Insiders said that potential scenarios include the Trump family taking a stake directly or making the deal through World Liberty Financial. Some insiders said that Steve Witkoff, an old friend of Trump and currently his chief negotiator in the Middle East and the Ukraine war, is involved in the deal negotiations.

However, CZ tweeted, denying the Wall Street Journal’s report about his discussions with the Trump family regarding the Binance US deal or a pardon, saying that the report “got the facts wrong”. CZ revealed that the WSJ asked hundreds of people related questions in an attempt to create news, but he has never discussed the Binance US deal or a pardon with anyone. He said that as the only criminal in US history to be imprisoned for a single Bank Secrecy Act (BSA) charge, he doesn’t oppose a pardon, but emphasized that the report might be aimed at President Trump and the cryptocurrency industry, reflecting the aftermath of the previous government’s “war on cryptocurrencies”.

2. Binance Announces $2 Billion Investment from Abu Dhabi’s MGX link

Binance officially announced that MGX of Abu Dhabi has made the first institutional investment in Binance. This $2 — billion investment is the largest ever in a crypto — company and also the largest investment ever paid in cryptocurrency.

CZ tweeted that MGX of Abu Dhabi has invested $2 billion in Binance for a minority stake. This transaction will be 100% in cryptocurrency (stablecoins), making it the largest investment transaction in cryptocurrency to date.

The main investor of MGX in Abu Dhabi is the Abu Dhabi government of the UAE. It has a strong state — owned color and is fully controlled by the Abu Dhabi royal family.

He Yi, the co — founder of Binance, said that Binance welcomes sovereign wealth investors rather than financial investors.

3. Binance Takes Action Against Market Makers for Misconduct in GPS and SHELL link

Binance has announced that after investigating the misconduct of the market — maker for GoPlus Security (GPS), it has found that the same market — maker is also responsible for the market — making of the MyShell (SHELL) project. To protect users, Binance has delisted this market — maker and banned it from conducting further market — making activities on the platform. In addition, Binance has confiscated its relevant proceeds and plans to use them to compensate the users of the GPS and SHELL projects.

Animoca Brands has stated in response to inquiries that it is not involved in the market — making activities for GPS and SHELL, and it does not know the identity of the market — maker involved. It has not received a reply from the project parties.

4. U.S. Core CPI Annual Rate for February Records 3.1%, Lowest Since April 2021 link

The annual rate of the US unadjusted CPI in February was 2.8%, the lowest since November last year. The monthly rate of the US seasonally adjusted CPI in February was 0.2%, the lowest since October last year. The annual rate of the US unadjusted core CPI in February was 3.1%, the lowest since April 2021. The monthly rate of the US seasonally adjusted core CPI in February was 0.2%, the lowest since December last year. The US CPI data in February was comprehensively lower than expected, and the three major US stock index futures expanded their gains.

5. Trump Plans to Sign New Executive Order Revoking Crypto Banking Restrictions and Adjusting Stablecoin Regulations link

President Donald Trump of the United States plans to sign a new cryptocurrency-related executive order as early as this week. The order aims to revoke the “Operation Chokepoint 2.0” policy implemented by the Biden administration. This policy is alleged to have restricted cryptocurrency companies’ access to banking services. Bo Hines, the Executive Director of the White House Digital Assets Working Group, has confirmed that the order is currently under formulation. It may involve adjustments to the Federal Reserve’s policy regarding the main accounts of cryptocurrency banks, so as to enable them to connect to the Federal Reserve payment system. According to sources, the order may also include directives clarifying that stablecoins should not be regarded as securities.

6. U.S. SEC Delays Approval of Multiple Spot Crypto ETFs link

The US Securities and Exchange Commission (SEC) has postponed the approval process of VanEck’s spot Solana ETF, Canary’s spot Litecoin ETF, Canary’s spot Solana ETF, CANARY’s spot XRP ETF, Grayscale’s spot XRP ETF, and Grayscale’s spot Dogecoin ETF. Previously, Eric Balchunas, a senior ETF analyst at Bloomberg, said that the SEC is likely to wait until Atkins is confirmed before taking action. In addition, the SEC has also delayed a series of alt — coin ETF applications submitted by BITWISE, 21SHARES, and others, as well as applications related to the physical creation and redemption of spot BTC and ETH ETFs and the staking function in ETH ETFs.

7. Bitcoin Magazine CEO: Implementation of U.S. Strategic Bitcoin Reserve Will Be “Far More Compact Than Market Expectations” link

David Bailey, the CEO of Bitcoin Magazine, posted on X that the implementation of the US strategic bitcoin reserve executive order will be “much more compact than the market anticipates”, and the time frame will be calculated in “days and weeks rather than months or years”. Bailey stated that the US government is “keeping up with the pace of technological development” and taking “urgent actions”.

8. Spain’s Second-Largest Bank BBVA Approved to Offer BTC and ETH Trading Services link

BBVA, the second — largest bank in Spain, has obtained the approval of the Spanish financial regulator to offer BTC and ETH trading services to customers. Previously, in January this year, Garanti BBVA Kripto, the Turkish crypto — custody platform under BBVA, opened its cryptocurrency trading services to the public.

9. MicroStrategy Plans to Issue $21 Billion in Preferred Shares link

MicroStrategy Inc. has filed a prospectus, planning to issue up to $21 billion of 8.00% Series A perpetual preferred stock to raise funds for general corporate purposes, including potential bitcoin acquisitions. The company stated that it will continue to implement the bitcoin accumulation strategy and utilize equity financing, debt financing, and operating cash flow to promote this strategy. Although the document does not explicitly mention new bitcoin acquisition plans, it reiterates the long — term commitment to this strategy.

10. Vitalik: Ethereum’s Goal Has Never Been Ambiguous; Its Aim is to Attract a Massive User Base link

At the Based Rollup Summit hosted by Taiko, Vitalik stated that the goal of Ethereum has never been ambiguous. The goal of Ethereum is to attract a large number of users, especially to enable them to truly benefit from characteristics such as openness, censorship — resistance, and security. He also painted an optimistic development prospect for Ethereum, that is, to improve the past ICOs, DAOs, RAWs, and the social layer to minimize their drawbacks. “Let’s promote all these innovations, let Ethereum carry all of this, and use the 10,000 — transactions — per — second (TPS) capacity brought by teams like Taiko to make it a reality.”

Fundraising

• The Trump family project WLFI has completed its token sale, raising a total of $550 million. link

• The crypto — payment platform RedotPay has announced the completion of a $40 — million Series A financing. link

• The crypto — payment company Mesh has completed a Series B financing led by Paradigm, obtaining $82 million in funds. link

• Templar Protocol has announced the completion of a $4 — million Pre — Seed round of financing. link

• Nunu AI has announced the completion of a $6 — million seed round of financing. link

• The Web3 game developer M10 has announced the completion of a $3 — million wheel — round financing. link

• The Solana staking protocol Rakurai has announced the completion of a $3 — million seed round of financing. link

• Vest has announced the completion of a $5 — million financing. link

• The crypto — startup Arda has completed a $3 — million Pre — Seed round of financing. link

• Canaan Technology has announced that it has obtained $200 million in funds through a Series A — 1 preferred stock financing. link

Learn more, check out crypto-fundraising.info.

Follow us
Twitter: https://twitter.com/WuBlockchain
Telegram: https://t.me/wublockchainenglish