MGX
Lunate Weighs Up to $1B Investment in Abu Dhabi AI Fund MGX
Abu Dhabi asset manager Lunate is considering a commitment of up to $1 billion to MGX, the emirate’s state-backed AI investment vehicle, as the UAE intensifies efforts to lead global AI financing.
Published at 2025-11-24 18:45:07
Binance CEO Addresses Controversy Over Trump-Linked Stablecoin and MGX Investment
Binance CEO Richard Teng denied involvement in promoting or facilitating the Trump-linked stablecoin USD1, clarifying that the $2 billion MGX investment was independently settled with USD1 by MGX. This comes amid scrutiny over former CEO Changpeng Zhao's pardon and concerns about Binance's ties to Trump ventures.
Published at 2025-11-04 17:12:16