NFT market sees first insider trading case in US

13 Sept 10:44 Key points summarised by AI

US authorities have charged Nathaniel Chastain, a former product manager at OpenSea, with fraud and money laundering in the first-ever insider trading case involving non-fungible tokens (NFTs).
Chastain allegedly exploited his position to secretly purchase NFTs before they were featured on OpenSea's homepage, then sold them for a significant profit after their value surged due to the promotion.
He faces charges of wire fraud and money laundering, each carrying a maximum penalty of 20 years in prison, underscoring law enforcement's commitment to policing new digital asset markets.

Macron condemns those who 'sought to bring down the Republic' after rioting mars nationwide protests

Today 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.