Binance News: WLFI, Backed by Trump, Raises $590M Amid Media Controversy

In the world of cryptocurrency, a new project backed by a controversial figure has made headlines. World Liberty Financial (WLFI), a crypto endeavor supported by former U.S. President Donald Trump, has successfully raised $590 million in pre-sales. However, the project has been embroiled in a media storm, with allegations and denials flying around. Here’s a closer look at what’s been happening.

Trump’s WLFI Clashes with Media as Crypto Hits $590M

World Liberty Financial (WLFI), a crypto project backed by Donald Trump, has raised $590M in pre-sales. Justin Sun invested $30M to boost confidence. WLFI denies acquiring Binance.US stake, dismissing media claims as politically driven misinformation. Changpeng Zhao refuted allegations of seeking a Trump pardon or discussing Binance.US deals. WLFI pushed back against politically motivated media coverage from outlets like The Wall Street Journal and Bloomberg, accusing them of attempting to undermine the crypto industry. WLFI remains committed to democratizing finance and building a decentralized financial system for millions worldwide.

Binance Secures $2 Billion in Crypto VC Funding

The second week of March marked a notable moment in crypto history, as Binance closed a $2 billion funding round from Abu Dhabi-based MGX. This marks the first institutional investment in Binance’s history and was conducted entirely in unnamed stablecoins. The investment grants MGX a minority stake in Binance and signals the firm’s entry into the cryptocurrency and blockchain sectors. The week’s combined funding exceeded $2.5 billion, with major investments flowing into DeFi infrastructure and multi-chain solutions.