The post USD1 Stablecoin Explained: How It Works & Who Backs It appeared on BitcoinEthereumNews.com.
World Liberty Financial’s USD1 has gone from a March 2025 launch announcement to the fourth-largest stablecoin in the world in roughly fifteen months, overtaking PayPal’s PYUSD and Sky’s DAI along the way. Its rise has been driven less by retail adoption than by a handful of enormous institutional deals — most notably a $2 billion settlement between Abu Dhabi-based MGX and Binance that was paid entirely in USD1 — and by the fact that the project sits inside a company co-founded by the Trump family. Here’s what USD1 actually is, how it works, and what to weigh before using it. Key Takeaways USD1 is a US dollar-pegged stablecoin issued by World Liberty Financial (WLFI) and custodied by BitGo Trust Company under a South Dakota trust charter Reserves consist of cash, short-term US Treasury bills, and government money market funds, verified through monthly AICPA-standard attestations and a l
The post LAB Token Crashes 85% Ahead of Airdrop Unlock, ZachXBT Calls Out Binance, Bitget, and Gate appeared on BitcoinEthereumNews.com.
LAB token just lost 85% of its value in under 24 hours, collapsing from $14, a price that implied a $14 billion fully diluted valuation, to just under $2. On-chain investigators and market watchers are describing it as a textbook case of insider-controlled price manipulation playing out in plain sight. ZachXBT has publicly called out Binance, Bitget, and Gate by name for failing to take action, and a separate on-chain analyst is flagging suspicious wallet activity that suggests the worst of the selling pressure may not be over yet, with an airdrop unlock still pending. The combination of insider-controlled float, late vesting schedule changes, and a dev wallet moving tokens to a centralized exchange right before a community airdrop is claimable has put the LAB situation on the radar of anyone paying attention to how token launches go wrong. An 85% Cra
The post BNB Chain plans 2027 launch date for AI agent L1 rollout appeared on BitcoinEthereumNews.com.
BNB Chain disclosed today that it is already setting up the stack for the projected boom in on-chain agentic activity as it announced the ongoing development of a separate Layer 1 blockchain tuned for autonomous trading agents. The Binance-linked blockchain network said that the testnet is expected to become public by late 2026, with mainnet to launch in early 2027, according to its H2 2026 technical roadmap. BNB Chain, which already has BNB Smart Chain (BSC), opBNB, and Greenfield, is pitching the fourth chain in its stack as the solution for workloads its older chain was not designed for, rather than a replacement for the existing $8.4 billion DeFi ecosystem on BSC, per DeFiLlama data. Splitting BSC’s liquidity across the new chain is a real possibility that the technical team is planning to get ahead of. The plan, according to the project’s CTO, is to connect the new chain to BSC t
The post Binance BTCY & BITA: Bitcoin Covered-Call Yield Goes Mainstream appeared on BitcoinEthereumNews.com.
Your group chat lights up on a Tuesday: “Binance is paying weekly BTC.” A link follows. It is Binance’s new BTC Yield, a covered-call wrapper that turns your Bitcoin into a ticker called BTCY and promises potential Friday distributions in BTC. Suddenly, passive income is the conversation again. The day before, you saw headlines about BlackRock listing a covered-call Bitcoin ETF on Nasdaq. Same idea, different wrapper. Spot BTC plus call options to skim premium. And like that, strategies that used to live in DeFi vaults and options chatrooms are now on the biggest exchange and the biggest asset manager’s shelf. This is not about hot new coins. It is about packaging an old options trade so it fits where people already keep their Bitcoin. Covered-call income has moved from niche to mainstream. Binance just announced BTC Yield, ticker BTCY, a BTC-denominated income product that con
The post AngelList Drops Crypto Payments as Ripple’s Rail Partnership Ends on July 31 appeared on BitcoinEthereumNews.com.
Key Takeaways: AngelList will end the payment option for crypto after shutting down its ties with Rail on July 31, which is connected to Ripple. Until further notice, payments with USDC, USDT, DAI and ETH will not be accepted. Existing investments and accounts will not be affected and they are encouraged to convert to ACH and wire transfers. One of the largest venture capital platforms in the startup ecosystem, AngelList, is getting ready to disable crypto payment support. The company states that their partnership with stablecoin payment provider Rail, which is also part of Ripple will officially come to an end on July 31. AngelList shutting down crypto support. pic.twitter.com/LTVuKEpkLq — Alex Svanevik 🐧 (@ASvanevik) July 8, 2026 This will temporarily discontinue crypto funding for investors on the platform, which is significant, as prior to this, the platform
The post Binance’s IO Listing Extends The Market’s Appetite For Decentralized Compute Narratives appeared on BitcoinEthereumNews.com.
Binance’s IO Listing Extends The Market’s Appetite For Decentralized Compute Narratives
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Nexo's strategic expansion in Argentina could significantly boost crypto adoption, offering innovative financial solutions amid economic challenges.
The post Nexo appoints ex-Binance exec to lead Argentina business and launches Nexo Card appeared first on Crypto Briefing.
The post Binance Spot Trading Tournament Offers $500,000 USDC Prize appeared on BitcoinEthereumNews.com.
Binance has put half a million dollars on the table for its traders — and the window to compete is already open. The exchange launched a Spot Trading Tournament offering a 500,000 USDC prize pool in token vouchers, running from July 8 to July 22, 2026, with rewards tied directly to how much you trade on Binance spot markets. The more volume you generate, the higher your rank — and the larger your cut of the prize. Key takeaways Binance’s Spot Trading Tournament runs from July 8, 2026 (10:00 UTC) to July 22, 2026 (10:00 UTC), with a 500,000 USDC prize pool in token vouchers. Eligible trading pairs are BTC/USDT, ETH/USDT, SOL/USDT, and XRP/USDT. Participants need a minimum of 500 USD equivalent in trading volume across eligible pairs to qualify for any reward. A separate Sprint Reward runs in two shorter rounds, letting traders earn from both pools simultaneously. Token vouchers are d
