Tags: Jump Crypto

Bitcoin liquidity on the brink (Mohan Murugesan/Unsplash)

(Mark Van Scyoc/Shutterstock)

(Shutterstock)

Chiliz Labs will invest in early stage Web3 projects in sports and other entertainment sectors that will build on the layer 1 blockchain.

The High Court of England and Wales ordered the crypto platform to reclaim the stolen funds.

A complaint by the SEC against Do Kwon and Terraform Labs revealed an unnamed trading firm helped Kwon restore UST’s $1 peg in 2021 in exchange for discounted LUNA tokens.

The initiative will support financial apps developed to work across blockchains based on the Cosmos system.