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France probing Binance over fraud, money laundering: report

  • Binance is reportedly under tax fraud and money laundering probe in France.
  • Reuters reported on Jan. 28 that France’s prosecutors are investigating Binance over activities between 2019 and 2024.

France has launched a judicial investigation into allegations of tax fraud, money laundering and other illicit activities at Binance, Reuters reported on Jan.28.

The report states that investigators from the Paris Public Prosecutor’s Office had opened the probe into  Binance’s activities between 2019 and 2024.

French investigation into Binance

Binance, the world’s largest cryptocurrency exchange by volume, settled with the US authorities in November 2023. In June of the same year, France revealed the company was under preliminary investigation over money laundering.

Binance has reportedly been under probe in France at least since 2022.

In a comment on the reports of a French probe into tax fraud and money laundering, a Binance spokesperson reportedly told Protos:

“Binance fully denies the allegations and will vigorously fight any charges made against it.”

While the exchange settled with the US DOJ for $4.3 billion and agreed the exit of former CEO Changpeng Zhao, it remains in a legal tussle with the US Securities and Exchange Commission.

Binance and its CZ recently lost an appeal that sought to dismiss a class action lawsuit alleging the crypto exchange violated US securities laws. The company’s appeal failed at the US Supreme Court.

The post France probing Binance over fraud, money laundering: report appeared first on CoinJournal.

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MEXC Leads Q4 2024 Meme Trading Wave: 140% QoQ Volume Growth & 240 New Projects Added

MEXC, the world-leading digital asset trading platform, saw significant growth in memecoin trading during Q4 2024. Data shows that the overall trading volume of memecoins on the platform, including Spot and Futures, surged by 140% quarter-over-quarter. The proportion of daily active users trading memecoins climbed to 35.8%, while the proportion of daily average trading volume more than doubled to 18.8%.

MEXC took strategic steps to enhance its memecoin trading services by launching the Meme+ zone on December 24, 2024. The dedicated zone proved highly successful, with approximately 124 popular memecoins listed within its first month of operation. This initiative generated significant momentum, leading to continued growth in memecoin trading activity on MEXC in January 2025. User engagement reached new heights, with the percentage of daily trading users increasing to 37.1%, while memecoins came to represent 25.9% of the platform’s average daily trading volume.

MEXC demonstrated strong market leadership in Q4 2024 by strategically focusing on the memecoin sector, successfully introducing more than 240 high-quality meme projects to its platform. The exchange’s careful project selection proved highly successful, with the top 5 newly listed memecoins in 2024 achieving remarkable results – their prices recorded an average peak gain of over 8,700%, while standout performers KEKIUS and FWOG surpassed 10,000% gains. Market capitalization metrics were equally impressive, with the top 5 memecoins averaging peak gains of over 3,500%, notably led by PNUT which achieved an exceptional maximum gain of more than 7,000%.

To enhance its asset offerings, MEXC recently introduced a new feature allowing users to search for trading pairs using contract addresses. This aims to help users identify target trading pairs more quickly and accurately, providing a more efficient trading experience and enhancing their overall journey.

In a move to enhance platform functionality, MEXC has introduced a new contract address search feature for trading pairs, enabling users to locate specific trading pairs with greater precision and speed. This enhancement streamlines the trading process, making it more efficient for users to find and access their desired trading pairs. The feature allows users to input token contract addresses into MEXC’s global search or Spot trading search bar to accurately locate tokens. This is particularly valuable in the active memecoin market, where similar token names can cause confusion and bring investment risk. By utilizing contract addresses—the unique identifier for tokens on the blockchain—this search mechanism ensures precision and provides users with enhanced security.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 30 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

The post MEXC Leads Q4 2024 Meme Trading Wave: 140% QoQ Volume Growth & 240 New Projects Added appeared first on CoinJournal.

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Ondo Finance brings tokenized US Treasury fund on Ripple’s XRP Ledger

  • Ondo Finance will launch its OUSG fund on the XRP Ledger.
  • The partnership with Ripple expands accessibility to tokenized US Treasuries funds to institutional investors.
  • Ripple introduced OpenEden’s TBILL on XRPL in August last year.

Tokenized real-world assets platform Ondo Finance is set to bring its U.S. Treasury token OUSG to Ripple’s enterprise-focused network XRP Ledger.

Ondo Finance and Ripple shared the integration news on Tuesday, Jan. 28.

The launch will expand access to tokenized US Treasuries to institutional investors, with BUIDL-backed Ondo Short-Term U.S. Government Treasuries (OUSG) providing 24/7 minting and redemption via Ripple’s stablecoin RLUSD.

Ondo’s expansion of OUSG on XRPL follows Ripple’s RWA move that brought OpenEden’s TBILL to the network in August 2024.

“This integration is the natural convergence of a compliance-first, yield-bearing product with a network purpose-built for institutional adoption, setting the groundwork for forward-thinking institutions to lead a new era of capital markets onchain,” Ondo Finance vice president of partnerships Katie Wheeler noted.

A $3.5 billion market

Ripple and Ondo Finance’s collaboration adds further traction to the RWA and specifically, tokenized US Treasuries market. The sector has witnessed tremendous growth in the past year, with the market now at $3.5 billion.

Ondo Finance’s OUSG currently has a market cap of over $185 million.

Meanwhile, the platform’s other US Treasuries offering, the U.S. Dollar Yield has over $384 million in total value locked. Per rwa.xyz, BlackRock’s BUIDL and Franklin Templeton’s FOBXX are the top two with over $600 million and $509 million respectively.

OpenEden’s TBILL, available on XRPL, has a market cap of just over $82 million.

The post Ondo Finance brings tokenized US Treasury fund on Ripple’s XRP Ledger appeared first on CoinJournal.

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MEXC Launches Venice Token (VVV) in Innovation Zone and Futures Trading with Leverage Up to 50x

MEXC, the world’s leading cryptocurrency trading platform, announces the listing of Venice Token (VVV) in its Innovation Zone, offering users access to the latest advancements in the AI sector. Starting from 02:00 UTC on January 28, MEXC will also introduce VVV/USDT Perpetual Futures trading, providing users with leverage options of up to 50x.

Unlocking the Future with Venice Token (VVV)

Venice Token (VVV) is at the forefront of the artificial intelligence revolution, serving as the world’s leading platform for private and uncensored AI solutions. Through the Venice App or API, users can access a range of cutting-edge open-source models for generative text, images, and code, empowering creators and developers across various sectors. With a total supply of 100,000,506 VVV, the token is poised to play a significant role in shaping the future of digital intelligence and privacy.

Join the Future of AI with Venice Token

As MEXC launches VVV USDT-M Perpetual Futures, traders will have the opportunity to leverage their positions with adjustable leverage, making it easier than ever to capitalize on market movements. This listing not only highlights MEXC’s dedication to supporting innovative projects but also presents a unique opportunity for users to engage with a token that is revolutionizing the AI landscape.

MEXC aims to become the go-to platform offering the widest range of valuable crypto assets. The platform has grown its user base to 30 million by providing a diverse selection of tokens, high-frequency airdrops, and simple participation processes. In 2024, MEXC launched a total of 2,376 new tokens, including 1,716 initial listings and over 600 memecoins, with total airdrop rewards exceeding $136 million.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 30 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

The post MEXC Launches Venice Token (VVV) in Innovation Zone and Futures Trading with Leverage Up to 50x appeared first on CoinJournal.