Binance’s BNB Hits 5-Month High on $3M IEO Announcement; What’s Next?

BNB, the native token of Binance crypto exchange, extended its rally on Wednesday to hit its five-month high. The latest upside move came after Binance Launchpad announced its support for a $3 million IEO by the Sandbox Game. It flipped BNB above a crucial resistance level, with an analyst predicting a bullish continuation towards an $80 valuation. Binance exchange’s native token BNB reached $23.81 a unit for the first time since February 2020. Traders moved into the world’s ninth-largest cryptocurrency following Binance Launchpad’s announcement to conduct a token sale for…

Theta Partners With Korean Gaming Platform to Reward Its 3M Users

The crypto-powered Esports streaming platform Theta has partnered with South Korean social gaming platform Ludena Protocol to reward its gamers for viewing or streaming content. The partnership will see Theta protocol integrated into GameTalkTalk, Ludena’s first decentralized application (DApp) — allowing the gaming-centric social platform’s more than three million users to access Theta’s streaming services through the platform. Ludena’s users will be rewarded for engagement in the form of Theta’s TFUEL token. Theta TV to integrate GameTalkTalk The agreement will see an exclusive GameTalkTalk channel added to Theta’s streaming platform,…

South Korean Giant Hanwha Invests $3M in Crypto Disclosure Startup

Major South Korean conglomerate Hanwha Group is cementing its involvement in the cryptocurrency industry with a new investment. Hanwha Investment & Securities, a securities brokerage subsidiary of Hanwha Group, has participated in a 4 billion won ($3.3 million) funding round in crypto firm CrossAngle. Xangle is specialized in collecting corporate disclosures for crypto Announcing the news on July 16, CrossAngle said that the Series A2 investment is expected to enable the company to develop an infrastructure for institutionalizing crypto data services. Incorporated in Singapore, CrossAngle is building Xangle, a public…

Framework Ventures and Three Arrows Capital Invest $3M in Aave

Leading DeFi protocol Aave has raised $3 million from Framework Ventures and Three Arrows Capital. The investment firms purchased $3 million of Aave’s native token LEND at $0.10 per token, a stake which is now worth around $7 million. Both firms will take an active role in growing the Aave ecosystem via staking and governance with a goal to increase the protocol’s user base. Aave CEO Stani Kulechov commented on the investment: “Our focus has always been innovation and diligent risk management, which has got the attention of Framework Ventures…

Ashton Kutcher Participates in Lolli’s $3M Seed Round

Bitcoin rewards company Lolli has announced on May 11 the close of an oversubscribed $3 million seed II funding round led by Pathfinder and investors like Michelle Phan, Ashton Kutcher and Guy Oseary. According to the announcement, the funding will help launch the company’s mobile app and expand it internationally, with a tentative launch date for the summer. Lolli assures that the app will allow greater accessibility to Bitcoin (BTC), allowing users to earn from merchants on both web and mobile. Making Bitcoin “more accessible” through rewards Speaking with Cointelegraph,…