Binance co-founder Changpeng Zhao refutes US Senator Elizabeth Warren’s claim of a criminal money-laundering charge, clarifying that he pleaded guilty to a single felony count of violating the US Bank Secrecy Act. Zhao received a four-month sentence in April 2024, which was pardoned by Trump this week.

Warren accuses Zhao of financing President Donald Trump’s stablecoin and seeking a pardon. In response, Zhao threatened to sue Bloomberg over a report linking him to the Trump-backed USD1 stablecoin, denouncing the claims of conflicts of interest.

US Representative Maxine Waters criticizes Trump’s pardon of Zhao, alleging that Trump is favoring crypto criminals who have contributed to his wealth. Reports indicate a substantial increase in Trump’s personal wealth during his second term, generating over $1 billion in pre-tax profit.

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1. Bitcoin reaches new all-time high of $60,000, fueled by increased institutional interest and mainstream adoption. The cryptocurrency market continues to surge, with Ethereum also hitting a record high of $2,000. Investors are optimistic about the future of digital assets.

2. Tesla announces $1.5 billion investment in Bitcoin, causing the cryptocurrency to spike further. The electric car company also plans to accept Bitcoin as payment for its products, leading to speculation about other major corporations following suit. This move cements Bitcoin’s status as a mainstream asset.

3. NFT craze continues as digital artist Beeple sells a collage for $69 million at Christie’s auction house. Non-fungible tokens are revolutionizing the art world, offering artists new ways to monetize their work. The sale marks a significant milestone for the intersection of art and blockchain technology.: Binance’s CZ Clashes with Warren After Trump Pardon Comments