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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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About Aspen Digital


Aspen Digital is a leading technology and financial services company with a mission to accelerate the mass adoption of digital assets. The company provides a digital asset management solution for asset managers, institutions, and sophisticated investors. Aspen Digital was co-founded by digital assets innovators and asset management veterans at Everest Ventures Group (“EVG”) and TT Bond Partners (“TTB”) in 2021.


For more information, please visit https://www.aspendigital.co/


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