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Connecticut Senator Says Binance 'Greased the Wheels' for Trump's Crypto Deals

Connecticut Senator Chris Murphy has accused Binance of facilitating corrupt deals for Donald Trump in exchange for a presidential pardon of its founder, Changpeng Zhao. Murphy alleges that Binance helped launch a stablecoin associated with Trump shortly after Zhao was pardoned. This has sparked criticism from several Democrats, who claim that the pardon reflects systemic corruption in Trump’s dealings with the crypto industry. The senator characterized the White House as a '24/7 corruption machine' and challenged Binance’s claims of due diligence in its business practices. Critics, including fellow Democrats, condemned Trump's pardon of Zhao, emphasizing the ethical implications of the connections between the Trump administration and the crypto exchange. The situation has initiated political outrage, further highlighting concerns surrounding the involvement of the crypto industry in U.S. politics and regulation.

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BCH News: BCH Clears $550 on Heavy Volume; $547 Flips to Support as Range Narrows

Bitcoin Cash (BCH) experienced a breakout above $550 on a surge in trading volume, consolidating in the mid-$550s thereafter. The price climbed 2.6% to $554.52 after crossing $547 with a significant volume spike of 130,078 units at 1 a.m. UTC. The technical analysis indicates that

Bitcoin Cash Breaks Above $550 as Volume Surges

Bitcoin Cash (BCH) surged above $550, rallying 2.6% to $554.52, after experiencing an influx of volume at 1 a.m. UTC. A spike of 130,078 units marked the breakout as BCH pushed past $547, establishing new support at $553.50 and consolidating within a $553 to $556

BCH Clears $550 on Heavy Volume

Bitcoin Cash (BCH) has recently broken above the $550 mark, experiencing a 2.6% increase to $554.52, following a significant volume spike. The price exceeded $547 around 1 a.m. UTC, with a recorded trading volume reaching 130,078 units at that time. The current consolidation band is between

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