Here’s what happened in crypto today

Today in crypto, Binance reportedly helped build the stablecoin code for World Liberty Financial, a crypto firm linked to US President Donald Trump. Bitcoin’s rally drew a response from Peter Schiff, who’s now urging a move to silver. VanEck research shows Bitcoin mining execs are outearning peers in related industries.Binance helped create World Liberty Financial stablecoin — ReportCryptocurrency exchange Binance reportedly helped create the code behind the stablecoin issued by World Liberty Financial (WLF), one of the crypto businesses tied to US President Donald Trump.According to a Friday Bloomberg report citing three people familiar with the matter, Binance helped create, promote, and played a role in the largest transaction of WLF’s USD1 stablecoin. The crypto business, backed by Trump and his three sons, launched USD1 on March 4. An Abu Dhabi-based investment firm, MGX, announced a $2-billion investment in Binance on March 12 using a then-unnamed stablecoin. Eric Trump, one of WLF’s co-founders, said in May that the company would be using USD1 to settle the investment.According to Bloomberg, 90% of all the USD1 coins used in the transaction remained in Binance’s wallets as of Friday, potentially generating tens of millions of dollars in interest for Trump and his family.Cointelegraph reached out to a Binance spokesperson and World Liberty Financial but had not received responses at the time of publication.Peter Schiff says sell Bitcoin for silver as BTC smashes new highsLongtime Bitcoin critic and gold advocate Peter Schiff said the latest BTC rally may be a selling opportunity for investors to buy silver instead.“With Bitcoin hitting new highs today (in dollars), it’s a great time to sell some and buy silver ahead of silver’s next big leg up,” Schiff said in a Thursday X post as Bitcoin (BTC) put on its moon boots again and set new highs above $112,000.He claimed that silver has more upside potential than Bitcoin and added that while BTC “can easily crash, silver’s downside seems very limited.”Arthur Hayes, co-founder of BitMEX, also weighed in on market conditions in a Friday X post. He said he was “slightly bearish” due to the US Treasury General Account being replenished through new debt issuance, which could temporarily drain liquidity.Still, Hayes said he is bullish after Bitcoin reached a new all-time high and Ether (ETH) went on a march upward:“[Ether] will outperform, get ready for a monster [altcoin season.]”Hayes added that the market believes US President Donald Trump will “chicken out” on the tariffs, adding that his family office fund, Maelstrom, is ready to reenter the market.Investors are balking at “excessive” Bitcoin miner exec pay: VanEckUS Bitcoin mining executives are earning well above their peers in the IT and energy sectors due to generous stock compensation packages, and shareholders are fighting back, according to new findings from asset manager VanEck.Despite “aggressive compensation packages,” Bitcoin mining firm shareholders are “balking,” VanEck head of digital assets research Matthew Sigel and investment analyst Nathan Frankovitz reported on Thursday. The researchers found that average shareholder approval for executive pay packages is just 64% compared to around 90% for S&P 500 and Russell 3000 companies. “That skepticism appears well-founded. Mining executives continue to grant themselves oversized equity awards that dilute shareholders without reliably linking pay to long-term value creation,” they added. The researchers reviewed executive compensation across eight US-listed Bitcoin miners: Bit Digital, Cipher Mining, CleanSpark, Core Scientific, Hut 8, MARA Holdings, Riot Platforms and TeraWulf.