The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Happy Wednesday! This morning's U.S. CPI data gave the crypto market a glimmer of hope with inflation coming in slightly lower than expected — briefly lifting bitcoin. But, as has been the case with recent rallies, the gains were short-lived, quickly retracing as recession fears grow.
In today's newsletter, Binance secures a $2 billion landmark investment, Rumble discloses holding $17 million in bitcoin, Soneium plans to bring LINE's mini-apps onchain and more.
Meanwhile, the Venice airdrop comes to an end, with around $100 million worth of unclaimed VVV tokens burned.
Let's get started.
Exchange giant Binance has secured a $2 billion investment from Abu Dhabi-based MGX — the single largest in crypto company history.
Alternative video streaming platform Rumble has disclosed holdings of 188 BTC on its balance sheet as a hedge against inflation and part of its strategic expansion into crypto.
Sony's Soneium blockchain is teaming up with the Asian messaging giant LINE to bring its mini-apps onchain, starting with four games in the coming months.
Cboe BZX Exchange filed a 19b-4 with the Securities and Exchange Commission on Wednesday to list and trade shares of the Franklin Solana ETF.
HYPE dropped around 8.5% on Wednesday after a whale liquidation event left Hyperliquid's HLP vault with a $4 million loss.
Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
Disclaimer: This article was produced with the assistance of OpenAI’s ChatGPT 3.5/4 and reviewed and edited by our editorial team.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
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