tl;dr
Binance Labs, the venture capital and incubation arm of the crypto exchange Binance, has invested in Corn, an Ethereum Layer 2 network focused on decentralized finance (DeFi) for Bitcoin. The investment amount remains undisclosed. Corn has introduced BTCN, a tokenized Bitcoin designed to enhance its...
Binance Labs, the venture capital and incubation arm of the crypto exchange Binance, has invested in Corn, an Ethereum Layer 2 network focused on decentralized finance (DeFi) for Bitcoin. The investment amount remains undisclosed. Corn has introduced BTCN, a tokenized Bitcoin designed to enhance its use in DeFi. Binance Labs' Co-Founder, Yi He, expressed the firm's commitment to supporting innovative projects with a meaningful impact. Additionally, Binance prevented $2.4 billion worth of user losses in 2024 and continues to enhance user security. The exchange also announced the listing of Voxies (VOXEL) futures.
As per an official Binance announcement today, August 20, the crypto firm’s venture capital and incubation arm invested in Corn, an Ethereum Layer 2 network zeroing in on establishing a decentralized finance (DeFi) hub for Bitcoin. Nevertheless, the funds injected into the project remains undisclosed by the crypto exchange.
Notably, the project Corn revealed BTCN, a hybrid tokenized Bitcoin that enhances the world’s first crypto’s use in DeFi. “BTCN incorporates multiple custodians, smart contracts, and bridging protocols, providing a more secure, scalable, and versatile solution,” the announcement added. Corn primarily ensures the seamless management of BTC holders’ assets while also facilitating its utilization across various DeFi applications.
Meanwhile, a recent release by the leading crypto exchange also spotlighted that it prevented $2.4 billion worth of user losses in 2024. This underscores a pivotal achievement for the crypto firm, as other renowned exchanges like WazirX take heat over compromised security in the interim. Also, the firm continues to revolutionize user experience on the platform. Recently, Binance unveiled Voxies (VOXEL) futures listing, sparking further discussions across the global crypto community.
More about Rush Street Interactive Inc
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Rush Street Interactive Inc, Rush Street Interactive, Inc. is an online casino and sports betting company in the United States and Latin America. The company is headquartered in Chicago, Illinois.
Industry: TRADE & SERVICES
Sector: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION
Market Cap: 2131088000
Dividend Yield: None
Beta (5Y Monthly): None
PE Ratio (TTM): -0.09
EPS (TTM): 10.78
Earnings Date: -0.0084
Forward Dividend & Yield: 801545000, 13.03
Ex-Dividend Date: 0
1y Target Est: 0.888
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