Coindesk

Private computation and storage network Nillion, dubbed the "blind computer," debuted its mainnet and native token NIL on Monday. However, the token's market capitalization has dropped 12% in the first 24 hours alongside continued listing by major exchanges, including South Korea's Bithumb and optimism in the analyst community about the project's long-term prospects.NIL debuted with a total supply of 1 billion, of which 19.52% or 195.15 million NIL were airdropped to the community on the first day, resulting in an at-inception market capitalization of just over $165 million. Since then, its market value has dropped 12% to $144.93 million, with the token changing hands at 74 cents on major exchanges, such as Binance, Gate.io, MEXC, Bitget and others, according to...

Circle plans to launch USDC in Japan on March 26 through a partnership with local heavyweight SBI Holdings, marking a significant milestone for both the global stablecoin market and Japan’s blockchain ecosystem.“Japan has long been at the forefront of the adoption of Web3 and blockchain technology, and Japan’s regulatory leadership has similarly been out in front on clear rules for the use of stablecoins in the Japan financial system,” said Jeremy Allaire, co-founder and CEO of Circle said in a release.The launch comes weeks after Circle and SBI received regulatory approval from the Japan Financial Services Agency (JFSA) earlier in March under the country's electronics payment framework.Allaire said in a post on X that Circle had spent two years engaging...

Defunct Japanese crypto exchange Mt. Gox made waves early Tuesday, moving large amounts of bitcoin (BTC) to two wallets, according to on-chain data tracking platform Arkham Intelligence.The address associated with the exchange transferred 893 BTC ($78.11M) to its hot wallet, labelled 1Jbez and 10,608 BTC ($927.48M) to a change wallet identified as 1DcoA during Tuesday's early Asian trading hours when the cryptocurrency traded above $87,000 in the spot market.The latest action is the exchange's third significant on-chain movement of funds in four weeks. The exchange moved over $900 million in BTC on March 11 and over $1 billion in BTC on March 6. However, the latest coin shuffling has not impacted the spot price so far, as seen early this...

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...