Coinbase deny Binance–Trump Stablecoin allegations
Coinbase talk say dem no bi di anonymous source for one recent Bloomberg report wey link Binance smart contract coding to di USD1 stablecoin wey relate to Donald Trump World Liberty Financial and one presidential pardon bid for former Binance CEO Changpeng Zhao. Di allegation first come from crypto commentator Matt Wallace for X, say Coinbase dey try stop Binance from enter US market again cos dem dey worried about market share. Coinbase deny say dem dey cooperate with Bloomberg, with CLO Paul Grewal call di story "pure misinformation." Blockchain advisor Anndy Lian also criticize Bloomberg for use unnamed sources. Changpeng Zhao comot di report as "hit piece," retweet Wallace post, and him dey think about legal action. Dis matter don cause chat about possible market manipulation, and fit bring regulatory scrutiny, but e never affect major crypto prices yet.
Neutral
Di news na focus na na di allegations an denials, mo than proper regulatory or operational changes, e focus on di reputation battle between exchanges dem. Since Coinbase an Binance core trading functions no dey affect, plus di USD1 stablecoin ehn design for keep e peg, traders no go likely to change dia positions based on only these claims. So, di market impact dem dey expect to be neutral for short an long term.