At the Token2049 crypto conference in Dubai, World Liberty Financial (WLF) announced a landmark $2 billion investment from Abu Dhabi’s MGX sovereign fund, using their USD1 stablecoin. The deal involves Binance and features Eric Trump and Zach Witkoff as key participants, highlighting complex …
MGX sovereign fundTahnoun bin Zayed Al NahyanWorld Liberty FinancialDonald TrumpEric Trump+2 moreforeign-influencesovereign-wealthcryptouaestablecoin+2 more
World Liberty Financial, a cryptocurrency venture co-founded by Trump’s associates, announced the launch of USD1, a stablecoin pegged 1-to-1 to the U.S. dollar. The launch involves a strategic partnership with Binance and a $75 million investment from Justin Sun, raising significant concerns …
Donald TrumpZachary FolkmanChase HerroZach WitkoffJustin Sun+1 morecryptostablecoinfinancial-capturetrump-network
Terraform Labs, led by Do Kwon, temporarily halted the Terra blockchain on May 13, 2022, after a catastrophic four-day collapse that wiped out nearly $45 billion in market capitalization and devastated hundreds of thousands of retail investors globally. LUNA, which traded at $119 in April and $87 on …
Do KwonTerraform LabsSecurities and Exchange Commission (SEC)CFTCPaul Engelmayer+2 morecryptoregulatory-capturefraudstablecoinsystemic-risk+4 more
TerraUSD (UST), the fourth-largest stablecoin with $18 billion market capitalization, began losing its dollar peg on May 7-9, 2022, triggering a catastrophic “death spiral” that would destroy $40 billion in value within days and crash the broader crypto market. The algorithmic …
Do KwonTerraform LabsSecurities and Exchange Commission (SEC)CFTCJanet Yellen+3 morecryptoregulatory-capturefraudstablecoinsystemic-risk+3 more
The Commodity Futures Trading Commission ordered Tether Holdings Limited to pay a $41 million civil penalty for making untrue and misleading statements about the reserves backing its USDT stablecoin, the world’s largest stablecoin with over $69 billion in circulation. The CFTC found that from …
Tether Holdings LimitedCFTCDawn StumpBitfinexSecurities and Exchange Commission (SEC)cryptoregulatory-capturefraudstablecoinsystemic-risk+3 more