| Binance will invest $500 million in the acquisition of Twitter; the Fed will raise the benchmark interest rate by 50 basis points (May 6)
headlines
headlines
Binance will invest $500 million to participate in Musk's Twitter privatization acquisition consortium
The acquisition document for the privatization of Musk’s Twitter released by the SEC contains a list of joint investors. The table shows that Binance has committed to invest US$500 million in equity acquisitions, and Oracle’s CEO has committed to invest US$1 billion through its trust fund, Lawrence J. Ellison Revocable Trust. Sequoia Capital has committed to invest US$800 million, and AH Capital Management, LLC (a16z) has committed to invest US$400 million.
Fed hikes benchmark interest rate by 50 basis points
The Federal Reserve FOMC statement shows that inflation is expected to return to the 2% target, the labor market will remain strong, and monetary policy will be appropriately tightened; inflation remains high, reflecting the supply-demand imbalance caused by the epidemic, rising energy prices and broader The impact of the Russia-Ukraine conflict on the U.S. economy is highly uncertain, but in the short term the Russia-Ukraine conflict and related events may put additional upward pressure on inflation and put pressure on economic activity.
Metaverse GameFi and NFT
Metaverse GameFi and NFT
Coinbase NFT Marketplace Beta Is Officially Open to All Users
Coinbase NFT Marketplace Beta Is Officially Open to All Users
According to official news, the Coinbase NFT marketplace has announced that its Beta test version is officially open to all users.
Chain game Illuvium will conduct its first land sale on June 2
Chain game studio Cometh completed a $10 million seed round of financing, led by venture firm White Star Capital, game giant Ubisoft (Ubisoft) and DeFi group Stake Capital, with participation from Serena Capital, Shima Capital and IDEO Colab Ventures. (The Block)
Investment and Financing
Copper Raises $29M in Series A Funding Led by Fiat Ventures
Copper, a financial technology service and financial literacy platform for teenagers, announced that it has received US$29 million in Series A financing, led by Fiat Ventures, and participated by Panoramic Ventures, Insight Partners, Invesco Private Capital and other institutions.
Since its establishment in 2019, Copper has raised a total of US$42.3 million and has more than 800,000 registered users. It mainly provides personalized debit cards, digital wallet support, P2P transfers, and financial tips on dividends, budgeting, and compound interest. (Techcrunch)
Chain game studio Cometh completes USD 10 million seed round financing led by Ubisoft
Chain game studio Cometh completed a $10 million seed round of financing, led by venture firm White Star Capital, game giant Ubisoft (Ubisoft) and DeFi group Stake Capital, with participation from Serena Capital, Shima Capital and IDEO Colab Ventures. (The Block)
3D Content Creation Platform Kinetix Closes $11M Funding Led by Adam Ghobarah
Kinetix, an artificial intelligence 3D content creation platform, completed an $11 million seed round of financing, led by Adam Ghobarah, founder of Top Harvest Capital and former executive of Google and Google Ventures, with participation from The Sandbox and ZEPETO (NAVER Z).
LootRush provides a quick-start platform for blockchain games, and also provides NFT rental services for games, aiming to lower the threshold for new game players and earn income for NFT owners. Currently, the LootRush platform only supports the Axie Infinity game, and plans to support more games such as CryptoKitties and NBA Top Shot. (CoinDesk)
According to official news, Bitcoin.com announced the completion of a $33.6 million VERSE token private placement financing, Digital Strategies, KuCoin Ventures, Blockchain.com, ViaBTC Capital, Redwood City Ventures, 4SV, BoostX Ventures, Roger Ver, Jihan Wu, David Wachsman, etc. Participate in voting.
Chain game platform LootRush completes USD 12 million seed round financing led by Paradigm
Blockchain game platform LootRush completed a $12 million seed round of financing, led by Paradigm, and participated by a16z and Y Combinator.
LootRush provides a quick-start platform for blockchain games, and also provides NFT rental services for games, aiming to lower the threshold for new game players and earn income for NFT owners. Currently, the LootRush platform only supports the Axie Infinity game, and plans to support more games such as CryptoKitties and NBA Top Shot. (CoinDesk)
Chain game development studio InfiniGods completes $9 million in financing, led by Pantera Capital
InfiniGods, a chain game development studio, completed a $9 million seed round of financing, led by Pantera Capital, with participation from Framework Ventures, Jefferson Capital, Animoca Brands, and Double Peak.
As part of the partnership, Untamed Planet and Animoca Brands will develop and co-publish the metaverse game Untamed Metaverse, with Nway, a subsidiary of Animoca Brands, providing development support for the game. (Venturebeat)
According to official news, Cassava Network, an African blockchain infrastructure ecosystem, has completed $8 million in financing, and more than 40 institutions including Dragonfly, CMT Digital, YGG, and Mirana participated in the financing.
It is reported that Cassava Network is committed to providing users with Web3 products and services including inclusive financial services, and will create a super traffic portal for users from Web2 to Web3. At present, a multi-chain wallet supporting Solana, ETH, and BNB Chain has been launched. Users can obtain reward points, conduct NFT transactions, and manage assets in the App.
Metaverse game Untamed Planet completes $24.3 million in financing led by Animoca Brands
Untamed Planet, a 3D immersive game based on metaverse and NFT concepts, has completed $24.3 million in financing, led by Animoca Brands.
As part of the partnership, Untamed Planet and Animoca Brands will develop and co-publish the metaverse game Untamed Metaverse, with Nway, a subsidiary of Animoca Brands, providing development support for the game. (Venturebeat)
global policy
global policy
New EU regulations may force NFT issuers to register
New EU rules could force NFT issuers to register and centralize management, according to a document. Insiders warned that the move could "significantly expand" planned EU encryption rules.
South Korea’s Presidential Transitional Council announced 110 proposals for government tasks, including promoting the Basic Law on Digital Assets and improving the regulation of large technology companies. The "Digital Assets Basic Law" includes measures to protect investors and improve transaction stability, such as the supervision of major activities such as the issuance and listing of digital assets such as NFT. . In addition, the bill will establish a regulatory system by classifying virtual assets into securities and non-securities types. Security tokens will be regulated in accordance with the capital market law, and non-security tokens will be established in accordance with the pending bills of Congress to establish regulatory systems for issuance, listing, and prevention of unfair transactions. (Daily Economic Daily)
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Nasdaq CEO: Interested in working with encryption companies, assessing regulatory environment and institutional needs
In addition, Friedman said: “We are assessing the regulatory environment and institutional needs in this field, etc., and actively discussing what role we can play. Although many institutions have invested in digital assets such as cryptocurrencies, their operational efficiency is still very low. We will play our part in addressing this." (Bloomberg)
