The crypto exchange is mounting a challenge to platforms like Kalshi and Polymarket, offering ”gasless” trades as it seeks a share of the $20 billion prediction market. Binance Wallet has integrated prediction market features into its app, saying it will cover all trading and settlement transaction fees for users as it make a play for a piece of the $20 billion market. In a Thursday notice, Binance said it will launch probability-based markets as a feature on the company’s app through an integration with third-party platforms, starting with Predict.fun. According to the crypto exchange, the integration will be “gasless,” with the company sponsoring fees for trades and settlements on the BNB Smart Chain. Prediction market platforms like Kalshi and Polymarket offer users the chance to take a position on the outcome of events in a variety of topics, including politics and sports. The latter has put those platforms in the sights of multiple US state authorities who have filed lawsuits for allegedly violating stat...
A new Bitcoin–gold index highlights shifting views on crypto’s role as a store of value as correlations with equities increase and gold outperforms. MarketVector Indexes and Coinbase Asset Management have launched a new index tracking Bitcoin and tokenized gold, offering investors exposure to assets commonly associated with wealth preservation. The companies unveiled the Coinbase Store of Value Index on Thursday, which tracks Bitcoin (BTC) and Pax Gold (PAXG) — one of the largest gold-backed tokens. The index is designed as a benchmark combining digital assets with traditional store-of-value instruments. Bitcoin and gold are weighted using an inverse volatility model, meaning lower-volatility assets receive a higher allocation. Read more
Operation Atlantic, a joint US, UK and Canadian operation, froze more than $12 million tied to crypto approval phishing and identified over 20,000 victims. Authorities in the United States, United Kingdom and Canada have frozen millions of dollars tied to crypto scams in a joint enforcement operation called Operation Atlantic. The operation, focused on phishing attacks, took place in March and was coordinated by the UK’s National Crime Agency (NCA), the US Secret Service, the Ontario Provincial Police and the Ontario Securities Commission. Operation Atlantic identified more than 20,000 victims across the US, Canada and the UK, securing and freezing more than $12 million in suspected criminal proceeds, the NCA said Thursday. It also identified “more than $45 million stolen in cryptocurrency fraud schemes,” the agency added. Read more