ChainCatcher message, in response to the previous articles by The Wall Street Journal and Bloomberg revealing discussions about the Trump family's crypto project WLFI and potential investments from Binance, the Trump family's crypto project WLFI stated that the unverified articles published by The Wall Street Journal, Bloomberg, and other media outlets seem to have political motives, indicating a disturbing agenda-driven news reporting pattern that harms the cryptocurrency industry.WLFI clarified: "WLFI is a DeFi project with a significant mission to establish a new financial system that benefits millions. It's that simple. We are honored to collaborate with many leading protocols and organizations to advance the blockchain industry. For anyone interested in the facts, we recommend ignoring false reports and not just looking at sensational headlines. Instead, please listen directly to official opinions."

ChainCatcher message, Binance founder Zhao Changpeng posted on X, "The articles from The Wall Street Journal and Bloomberg are favorable for the BNB price, but they contain too many incorrect facts. We are committed to long-term building."

ChainCatcher message, Trump criticized the Wall Street Journal in a post on Truth Social, stating: "I don't know what the Wall Street Journal is doing or saying, their (Wall Street Journal's) thoughts are both outdated and weak, very detrimental to America. But don't worry, we will win everything!!!"

ChainCatcher news, according to Binance founder Zhao Changpeng's disclosure on social media, the Wall Street Journal's report about him engaging in trades to obtain a pardon contains factual errors.Zhao Changpeng stated that he has never discussed any trades related to Binance US with anyone and believes that the article seems to be an attack on the president and cryptocurrency, with remnants of the previous administration's "crackdown on cryptocurrency" still at play.Zhao Changpeng pointed out that more than 20 people have told him that the Wall Street Journal had asked them if they could confirm "Zhao Changpeng made some deal for a pardon." He believes that as the only felon in U.S. history to be sentenced to prison for a single Bank Secrecy Act (BSA) charge, any felon would not mind obtaining a pardon.Zhao Changpeng stated that he remains committed to promoting the development of cryptocurrency in the United States and other parts of the world.

ChainCatcher news, according to The Wall Street Journal, representatives of U.S. President Trump have held negotiations regarding a stake in the cryptocurrency exchange platform Binance.US, with possibilities including the Trump family holding shares or conducting transactions through World Liberty Financial.The article states that Trump is increasingly blurring the lines between his presidential position and business activities, and engaging in business transactions with Binance's largest shareholder, Zhao Changpeng, who is seeking a government pardon, would create an unprecedented overlap between his enterprises and the government. For the Trump family, holding shares in Binance.US would provide them with an opportunity to participate in the potential revival of the U.S. cryptocurrency trading market, as the industry is thriving with the U.S. government lifting regulatory threats.Binance.US experienced a sharp decline in business following regulatory actions, and after Trump's victory last year, Binance began exploring a return to the U.S. market. According to informed sources, the company expressed a willingness to reach an agreement with Trump's company and hopes to resolve its legal issues. After Trump's victory, Binance established a task force led by Chief Executive Richard Teng, which includes senior legal and compliance personnel, to evaluate various options.The Wall Street Journal reported that after Sun Yuchen invested in World Liberty Financial to become its largest investor, last month, the U.S. Securities and Exchange Commission (SEC) requested the court to suspend the fraud lawsuit against Sun Yuchen and his three companies. According to an informed source, Binance executives are internally discussing whether to take the same route: injecting funds into World Liberty Financial in exchange for a pardon for Zhao Changpeng.

ChainCatcher news, according to a report by The Wall Street Journal cited by CoinDesk on Thursday, a representative of the Trump family has been in negotiations to acquire a stake in Binance's U.S. subsidiary. The report cites sources familiar with the matter, stating that the stake may be acquired through World Liberty Financial, a crypto project supported by the Trump family.Steve Witkoff, a friend of the U.S. president, is involved in the transaction negotiations. The talks began last year when Binance reached out to Trump's allies, proposing an agreement with the family to allow the cryptocurrency exchange to return to the U.S. Binance.US did not respond to a request for comment at the time of publication.

ChainCatcher news, according to The Wall Street Journal, informed sources revealed that Binance founder Changpeng Zhao has been urging the Trump administration to grant him a pardon. He was previously sentenced to four months in prison after pleading guilty to related charges.It is still unclear how the Trump family's shares would materialize if a deal is reached, or whether it would be conditional on a pardon.

ChainCatcher news, according to The Wall Street Journal, informed sources revealed that last year Binance contacted allies of Trump to propose a business deal with the Trump family as part of a plan to bring the exiled company back to the United States, after which both parties began negotiations.Representatives of the Trump family have been negotiating for a financial stake in the acquisition of the cryptocurrency exchange Binance's U.S. subsidiary, a move that would allow Trump to do business with a company that admitted to violating anti-money laundering requirements in 2023.

ChainCatcher news, according to The Wall Street Journal, the Bybit theft incident is the largest single theft in cryptocurrency history, with stolen assets valued at over $1.4 billion.After the incident, Bybit announced that it has reported the case to the relevant authorities. Its CEO Ben Zhou stated that all functions and products of Bybit are still operating normally, the exchange is solvent, and it will fully cover customer losses. As of now, all withdrawal requests from Bybit have been processed, and the withdrawal system has returned to normal speed.

ChainCatcher news, according to Jin10 reports, The Wall Street Journal analysis pointed out that cryptocurrency exchange Coinbase stated that the SEC intends to withdraw its lawsuit against the company, marking the end of years of strict enforcement by U.S. regulators on the cryptocurrency market.

ChainCatcher news, according to the WSJ report, the Department of Government Efficiency (DOGE) has found in its investigation that the U.S. government generated $149 billion in improper payments just last year. This is enough to fund NASA for seven years or build 15 aircraft carriers.Medicare and Medicaid lead with over $60 billion in improper payments, followed by tax credits (over $20 billion) and food assistance (over $10 billion). Of the $33.5 billion identified as potentially recoverable in 2024, agencies managed to recover only $22.6 billion.

ChainCatcher news, recently Tether issued a strong statement on its official website criticizing the irresponsible reporting of The Wall Street Journal: "The Wall Street Journal wrote an article with reckless accusations so definitively without any public confirmation from authorities or disclosing sources, which is extremely irresponsible; these stories are purely based on speculation. This report also carelessly obscured Tether's documented extensive cooperation with law enforcement to combat bad actors attempting to misuse Tether and other cryptocurrencies."Previously, The Wall Street Journal reported that Tether might face penalties for doing business with organizations on the U.S. sanctions list.

ChainCatcher news, according to The Wall Street Journal, Federal Reserve Chairman Powell has issued the strongest signal yet for a rate cut, indicating that the Fed intends to take action to prevent further weakening of the U.S. labor market.

ChainCatcher news, according to The Wall Street Journal, the U.S. Securities and Exchange Commission (SEC) has informed asset management companies that a spot Ethereum ETF may launch on July 23. After asset management companies submitted their final round of application documents this week, the SEC is expected to announce the effectiveness of the Ethereum ETF registration statement next Monday. Once the statement is effective, the spot Ethereum ETF can begin trading.