Binance Wishes to Co-invest $500M In Elon Musk’s Takeover of Twitter
Daily Market Wrap
Crypto market cap: 1.68 trillion, down 7.30%
BTC price stands at USD 36,459, down 8.29%
ETH price stands at USD 2,747, down 6.77%
Top gainer: Anchor Protocol (ANC), up 15.47%
Top loser: STEPN (GMT), down 18.63%
News of the Day
Binance wishes to co-invest $500M in Elon Musk’s takeover of Twitter.
Why it matters:
According to an updated Schedule 13D filing with the SEC, a $500 million commitment from Binance and $800 million from venture capital firm Sequoia were revealed
A Schedule 13D is a form that any entity that wishes to acquire more than 5% of a company’s equity shares must submit to the SEC
Some say the commitment list has led to speculation about how will such crypto exchanges change the makeup of “Crypto Twitter”
Crypto daily spotlight
20,000 Illuvium Lands will be on sale in the upcoming June 2 this year.
Brief introduction: Illuvium is an open-world open-world fantasy battle game, NFT creature collector, and auto battling game built on the Ethereum Blockchain. As the first AAA game on Ethereum, Illuvium seems to take pride in providing a source of entertainment to both casual gamers and hardcore DeFi fans through a range of collecting and trading features.
Why it matters:
20000 out of 100000 Land NFT plots in total will be available for the first sale
All the land-type NFTs will be used in Illuvium: Zero, which is an upcoming mobile companion game created by the makers of Illuvium
Owning a land in Illuvium: Zero will benefit land holders to harvest Fuel which is used in the main Illuvium crypto game. Also, approximately 5% of all in-game revenues go to landholders
There will be 5 tiers of Land Plot in the First Sale in which Illuvium will host a live event streamed on Twitch to auction the tier 5 land parcels
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