The funding round attracted substantial investments from prominent entities, including Pantera Capital, Binance Labs, Coinbase Ventures, and Apollo Crypto.
ALSO: The crypto lending platform Aave, known for its smart contracts, has maintained its strong performance this month. According to data from blockchain analytics firm DefiLlama, the total value locked (TVL) on Aave's version 3 (v3) blockchain has experienced a remarkable 15% surge in June, reaching $1.76 billion.
Joe Tsai, one of Alibaba's co-founders, has emerged as a proactive investor in Web3 and once expressed his affinity for cryptocurrencies by tweeting, 'I like Crypto.'
The report suggests that these documents are set to amplify the momentum among leading cryptocurrencies in their pursuit of increased decentralization, aiming to emulate the features and structure of ether.
The Financial Conduct Authority (FCA) of the United Kingdom has revoked the authorization of Binance's local unit to offer regulated services in the country.
In addition, the court has mandated the seizure of two Costa Rican passports, two Belgian passports, and two identity cards owned by Kwon and Han Chang-Joon, an executive at Terra.
The project has received support from renowned crypto enterprises and influential figures like Binance, CertiK, and Justin Sun, among others.
And it doesn't actually make a difference whether it's technically classified as a trust.
Although both are categorized as trusts, Blackrock's proposed investment vehicle stands out as an exchange traded fund (ETF) due to one crucial differentiation.
The suggested agreement satisfies the SEC's request for a temporary restraining order, pending approval from the judiciary.