Binance and other major cryptocurrency exchanges will list the Dymension (DYM) token airdrop on February 6, offering new trading opportunities. In South Korea, three executives were arrested accused of the theft of 1.1 billion Won in cryptocurrencies. Layer 2 startup LightLink has raised $4.5 million in seed funding on a multiverse project.
Major cryptocurrency exchanges, including Binance, announced the listing of the Dymension (DYM) airdrop token on February 6.
This development introduces new trading opportunities for Binance users with the inclusion of the DYM/BTC, DYM/USDT, DYM/FDUSD, and DYM/TRY spot trading pairs. Starting at 17:00 UTC on Tuesday, users will be able to deposit DYM for upcoming trading activities. Withdrawal options will be available from 15:00 UTC on Wednesday.
Major Cryptocurrency Exchanges List New Airdrops Token
Dymension, a newcomer in crypto, gained attention for its innovative approach, using the Inter-Blockchain Communication standard to secure and interconnect rollups. This modular blockchain raised $6.7 million in a private token round.
It garnered support from notable backers such as Big Brain Holdings, Stratos Technologies, and MatchboxDAO, demonstrating institutional confidence in its potential. However, with great potential comes greater risk and volatility. Therefore, Binance has applied the Seed label to DYM, requiring investors to conduct extensive research and risk management.
“The Seed tag represents an innovative project that may show higher volatility and risks compared to other listed tokens. The Seed tag will be applied to DYM.”
Other prominent exchanges such as KuCoin, ByBit, MEXC, Bitget, and Gate.io will also list DYM, further expanding their market presence. Although the DYM note is currently trading at $4, indicating a high level of interest, it is crucial to note that this price may not reflect the value of the token when it officially begins trading.
The project’s strategic airdrops distributed 7% of its total supply to various stakeholders within the cryptocurrency community. Includes stakers from Celestia (TIA), Cosmos (ATOM), Osmosis (OSMO), and users of the L2 and Solana networks, as well as holders of select NFT collections.
Haru Invest Scandal: Three Executives Arrested for Alleged Theft of 1.1 Trillion Won in Cryptocurrencies
South Korean authorities have arrested three senior executives of the Haru Invest performance platform, accused of stealing approximately 1.1 trillion won ($828 million) in cryptocurrencies belonging to around 16,000 clients.
This was reported by Yonhap News on Tuesday. Among those arrested is the company’s CEO, according to the Joint Virtual Asset Crime Investigation Team of the Seoul Southern District Prosecutor’s Office.
Haru Invest, which once promised double-digit returns for crypto deposits, has been going through turbulent times. In June last year, it suspended withdrawals and deposits citing issues with its service partners. Shortly after, it laid off about 100 employees.
LightLink, Layer 2 Startup Secures USD 4.5 Million in Initial Funding for Multiverse Project
Layer 2 startup LightLink has raised seed funding of $4.5 million in a round led by Thai media company T&B Media Global and real estate developer MQDC.
This funding will support LightLink’s technology, which was involved in a “multiverse project” called Translucia. This project seeks to merge the virtual and physical worlds, with the support of $300 million in financing from T&B Media Global and MQDC, according to a statement.
The collaboration between LightLink and Translucia is seen as an ideal alignment, with the shared goal of establishing an interconnected and easy-to-use digital world.
By Leonardo Perez
