Coindesk

The Binance Wallet team said Tuesday in a post on X that it has suspended a staff member accused of using confidential information from their previous roles at BNB Chain to front-run a token launch. The employee allegedly purchased coins via multiple wallets ahead of a Token Generation Event (TGE), later selling part of the holdings for quick profits."This behavior constitutes front-running based on non-public information obtained from his previous role and is a clear breach of company policy," a statement from the Wallet team reads. Binance's investigation found no evidence that the Wallet team employees were involved in insider trading. The company said the information they used was based on data obtained while they were at BNB Chain, not...

Crypto observers were speculating on Monday that World Liberty Financial (WLFI), the decentralized finance (DeFi) platform backed by U.S. President Donald Trump and his family, might be testing its long-awaited dollar stablecoin before rolling out for the broader public.Blockchain sleuths earlier today noted a flurry of activity with a token labeled as World Liberty Financial USD (USD1) on blockchain monitoring websites Etherscan and BscScan. Blockchain data shows that USD1 was deployed earlier this month on the Ethereum and BNB Chain networks and series of transactions with the token occurring over the past couple weeks.Some transfers included addresses linked to Wintermute, a large digital asset trading firm and market maker, and crypto custodian BitGo, according to Arkham Intelligence data. The token's...

U.S. President Donald Trump's media company, Trump Media (DJT), is looking to partner with crypto exchange Crypto.com to launch a series of exchange-traded products (ETPs) and funds (ETFs), the company said Monday.The ETPs will include crypto assets and securities from other sectors such as the energy industry, the announcement said. Crypto.com will provide the backend technology, custody solutions, and crypto supply.The investment vehicles are expected to launch in 2025, the press release said.Trump Media is the company behind Truth Social, the social media platform frequently used by Trump. This is only the latest of crypto initiatives backed by the President or his family. Trump and his entourage have issued multiple NFT collections and memecoins, not to mention their DeFi protocol,...

Massachusetts’ top securities regulator has reportedly launched a probe into Robinhood over the popular trading platform’s recent decision to launch an in-app prediction markets hub that allows customers to bet on the outcome of events, including March Madness match-ups.According to a Monday report from Reuters, Massachusetts Secretary of State Bill Galvin — a notoriously aggressive regulator — sent Robinhood a subpoena last week seeking information about the number of Robinhood’s users in Massachusetts that have requested to trade college sports events contracts, and seeking copies of Robinhood’s related marketing materials."This is just another gimmick from a company that's very good at gimmicks to lure investors away from sound investing," Galvin told Reuters. Galvin's office confirmed the investigation to CoinDesk, and...

A Singapore-regulated cryptocurrency exchange, DigiFT, has announced it will launch what it says is the first index fund in which the shares and underlying stocks are tokenized and traded on-chain.The platform, licensed by Singapore’s Monetary Authority, is partnering with investment firm Hash Global to debut two index funds: one tracking top artificial intelligence (AI) stocks and another tracking leading crypto assets, according to a statement.The move, it says, replaces the traditional infrastructure behind portfolio management—brokers, banks, custodians—with smart contracts and stablecoins. Investors will subscribe to and redeem from the funds using USDT or USDC and view fund holdings in real time on the blockchain.“By bringing real-world equities fully on-chain, we remove inefficiencies, enhance accessibility, and set a new standard for...