Midday News Update #Web3
⛔ Movement co-founder Rushi Manche has been temporarily suspended; no specific reason disclosed. @movementlabsxyz
📊 Du Jun: ABCDE Phase I Fund currently shows ~5x paper return, but has underperformed Bitcoin. DPI is around 2x.
💰 Freight Technologies secures up to $20M in convertible debt financing to purchase $TRUMP tokens.
📦 Blockchain Group announces plan to raise its Bitcoin holdings to 260,000 BTC by 2033.
🔒 Digital asset firm Two Prime will no longer offer ETH lending services, shifting focus exclusively to BTC lending.
