Sandbox Raises Funds At $1 Billion Valuation, Binance Invest In Zircuit, Robinhood Acquire Bitstamp

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MARKET REVIEW

_{* Cryptocurrency data as of 6:00 AM ET 12th June}

CRYPTO GAMING HEADLINES

($SAND) The Sandbox has raised $20 million in its latest funding round at a valuation of $1 billion. The round was led by Kingsway Capital and Animoca Brands, with participation from LG Tech Ventures and True Global Ventures.

Square Enix’s Symbiogenesis NFTs have sold out. The sale saw 1,500 NFT characters minted during a three-day auction.

Animoca Brands and Everest Ventures Group have announced they are strengthening their partnership through cross-investments. Animoca Brands will support various EVG consumer products launching in 2024.

Outlier Ventures has announced a partnership with XAI Games. Together, they plan to accelerate Web2 game developers transitioning to Web3 through their Tokenomics Bootcamp.

($ARB) Arbitrum has introduced Stylus MultiVM, enhancing DeFi and gaming with ZK proofs and 10x cheaper computation. Additionally, it will soon enable privacy-DeFi apps and ZK identity verification on Arbitrum.

OTHER CRYPTO HEADLINES

($BNB) Binance Labs has invested in the Ethereum Layer 2 Network, Zircuit. Zircuit currently hosts $3.5 billion in staked assets and has over 1,100 "Build to Earn" applications.

Robinhood has announced an agreement to acquire the cryptocurrency exchange Bitstamp. This move aims to expand their global crypto reach and institutional involvement.

FTX has sold its remaining 15 million shares in the artificial intelligence startup Anthropic. The shares were sold at $30 each, netting more than $450 million.

($SFP) SafePal, a hardware wallet provider, has announced its integration with JupiterExchange. This integration allows SafePal users to access JupiterExchange within the SafePal swap and Dapp marketplace.

($MATIC) Polygon has announced the launch of its Community Grants Program. The program will distribute 1 billion MATIC over the next 10 years, with 35 million MATIC allocated in the first season.

PROJECT SPOTLIGHT

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_{Important Disclaimer: This content is for informational purposes only and should not be considered financial advice. Accuracy not guaranteed. Always do your own research before making any trades.}