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Crypto Morning Briefing: Shiba Inu Lead Unveils New Metaverse Website and Branding

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Sam Bankman-Fried Wants FTX To Prioritize Covering His Legal Bills

Former FTX CEO Sam Bankman-Fried wants to use the crypto exchange’s director and officer liability insurance to pay his legal bills, his lawyers said in a court filing on Wednesday.

Shiba Inu Lead Unveils New Metaverse Website and Branding

Shytoshi Kusama, Shiba Inu’s lead developer, just unveiled a new website and branding for SHIB: The Metaverse. The website features the WAGMI Temple Alpha preview, allowing proponents to purchase Metaverse lands in the first land sale phase seamlessly.

Shanghai Bank Mulls Buying Silicon Valley Bank's Stake in Chinese Subsidiary

According to reports, Shanghai Pudong Development Bank may acquire the China-based subsidiary of Silicon Valley Bank (SVB). Authorities in the Chinese city of Shanghai reportedly back the acquisition, which may help minimize the impact of SVB’s shutdown. In its statement following SVB’s demise, SPD Silicon Valley Bank reportedly said its operations remained stable.

Uniswap Officially Expands Exchange Services to BNB Chain

Uniswap, the world's largest decentralized exchange protocol by trade volume, has officially launched on BNB Chain, a decentralized EVM-compatible smart contract blockchain initially founded by crypto exchange Binance. The move comes after a successful governance proposal in February to deploy on BNB Chain and contentious governance deliberations to decide on a bridge solution for the deployment.

Coinbase Announces Partnership With Standard Chartered Amidst Banking Sector Turmoil

Coinbase is ramping up its expansion effort, with Singapore being the first stop. As part of its ambitious plan, the crypto exchange has announced forging a strategic banking partnership with Standard Chartered in the city-state to provide its users with an option to move funds between any lender and Coinbase.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $24,330.46 USD, dropped by 3.19% in the last 24 hours;

ETH’s live price is $1,643.82 USD, dropped by 4.93% in the last 24 hours;

BNB’s live price is $305.84 USD, dropped by 2.055% in the last 24 hours;

XRP's live price is $0.36 USD, dropped by 4.86% in the last 24 hours.

Fundraising News

NFT Social Platform Metalink Launches Mobile App, Announced a Previously Undisclosed $6 Million Seed Round

Non-fungible token (NFT) portfolio management and social platform Metalink has launched its mobile application, creating what it says is a token-gated space where NFT collectors can interact with one another, aggregate announcements and track their portfolio performance. The app also plans to launch a transaction functionality later this year so users can buy, sell and swap digital assets.

Fund Protection SaaS Solution Staging Labs Announced That It Has Raised $1.1 Million

Staging Labs, which currently has three full-time staff, announced that it has raised $1.1 million in an oversubscribed pre-seed round.

Insurtech Firm Vitraya Raises $4.1 Mn From Xceedance

Healthcare-focused claim settlement platform Vitraya Technologies has raised $4.1 million in a Series A funding from Xceedance and a consortium of investors.

Bitcoin Bitcoin $84,014.29
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