First Mover Americas: Binance Increases Recovery Fund, wBTC Loses Its Peg

First Mover Americas: Binance Increases Recovery Fund, wBTC Loses Its Peg


Crypto lending firm Matrixport is looking to raise $100 million at a $1.5 billion valuation. The Singapore-based firm led by Jihan Wu already has commitments for $50 million from lead investors at the sky-high valuation, but is still looking for investors for the rest. The firm has $5 billion in trading volume every month, along with $10 billion in assets under management and custody.

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