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- 🌙 Wormhole Sells $225M of Token Warrants
🌙 Wormhole Sells $225M of Token Warrants
Wormhole doesn’t yet have a publicly traded token, making it a strong candidate for an airdrop.
Mike Gavela
November 29, 2023
In partnership with
Crypto Roundup - Nov 29
Wormhole, a blockchain interoperability protocol, has raised $225 million at a $2.5 billion valuation, with token warrants attracting major investors like Coinbase Ventures. Binance is phasing out its BUSD stablecoin by December 15 due to regulatory challenges, reflecting the increasing scrutiny in the cryptocurrency sector. Grayscale is updating its Bitcoin Trust, signaling a shift towards a spot bitcoin ETF to align with mainstream financial markets. These developments highlight both the innovative growth and regulatory challenges in the rapidly evolving crypto landscape.
Top Stories:
Wormhole Secures $225M Funding: Wormhole's fundraising at a $2.5 billion valuation with token warrants reflects a significant investment in cross-blockchain technology, despite the downturn in overall crypto funding and past security issues.
Binance Ends BUSD Support: Binance's decision to cease support for its BUSD stablecoin is a direct response to regulatory challenges, highlighting the ongoing scrutiny and legal complexities in the cryptocurrency space.
Grayscale Updates GBTC Agreement: Grayscale's amendments to the GBTC trust agreement, in preparation for converting it into a spot bitcoin ETF, indicate a significant move towards integrating cryptocurrency into mainstream financial products.
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CRYPTO TWITTER (X)
$1b+ Crypto IPOs waiting to happen -
- Kraken
- Circle
- Chainalysis
- Fireblocks
- Anchorage
- Alchemy
- Bitwise2024 might be a big year.
— Jai Bhavnani (@Jai_Bhavnani)
12:54 AM • Nov 30, 2023
1/ Been championing this for a while, but the market is starting to rerate Perp DEXs. A quick data dive on crypto's fastest-moving sector:
— Toe (@_ThePinkyToe)
4:35 PM • Nov 29, 2023
Polygon fam, as we approach the year end, some exciting days ahead for us. Save the dates.
7/12/23 : At Polygon Connect, We bring in an inflection point in the history of blockchains in India
14/12/23 : Public demo of our the next generation ZK product. Should be an important… twitter.com/i/web/status/1…
— Sandeep Nailwal | sandeep. polygon 💜 (@sandeepnailwal)
8:35 AM • Nov 29, 2023
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