Welcome to another edition of Crypto NFT Today! The past two weeks have been full of must-know events that will define the future of blockchain, cryptocurrency, and NFTs.

With Binance token jumping after reports of Trump family discussions, and more, there’s lots of essential news you should know about. So, let’s dive in and see what’s happening! 

Binance Token Jumps After Report of Trump Family Discussing Stake

Binance’s BNB token rose 4% on Thursday, bucking the broader crypto downturn, following a Wall Street Journal report that the Trump family has discussed securing a financial stake in the U.S. arm of the exchange.

Such a deal would tie the Trumps to a company that pleaded guilty to violating anti-money laundering laws in 2023.

The report states that Binance first approached Trump allies last year with a proposal to help the struggling exchange regain its footing in the U.S. Meanwhile, Binance founder Changpeng Zhao (CZ) has been seeking a presidential pardon after serving four months in prison for anti-money laundering violations.

MoonPay Aims to Compete with Stripe

MoonPay is further expanding its reach in the enterprise market by acquiring Iron, a stablecoin infrastructure startup focused on API solutions.

This marks MoonPay’s second major acquisition in two months, highlighting its strategy to dominate the growing stablecoin payments sector.

“We believe everyone will eventually have a digital currency wallet, whether through a bank or independently. Our goal is to ensure compatibility with the traditional financial system,” MoonPay Co-Founder and CEO Ivan Soto-Wright told CNBC’s Squawk Box in an exclusive interview.

MoonPay already simplifies entry into the crypto economy by supporting traditional payment methods like debit cards, bank accounts, PayPal, Venmo, Apple Pay, and Google Pay.

Russia Turns to Cryptocurrencies for Oil Trade, Sources Report

Russia is reportedly using cryptocurrencies in its oil trade with China and India to bypass Western sanctions, according to four sources familiar with the matter.

While Russia has publicly supported the use of digital currencies and passed a law last summer permitting crypto payments in international trade, this use in the country’s oil sector has not been previously disclosed.

Some Russian oil companies are using Bitcoin, Ether, and stablecoins like Tether to facilitate the conversion of Chinese yuan and Indian rupees into Russian roubles. This practice is a small but growing segment of Russia’s oil trade, which was valued at $192 billion last year, according to the International Energy Agency.