Metaliums Will Burn Shiba Tokens; Ankr Gains 50%; BlackRock Bitcoin Trust; Huobi Sells Stake; Ethereum Classic Rally; Zipmex Restores Withdrawal

Read in the Digest:
Metaliums project wants to burn shiba tokens by the billions with its Metashib NFT

Ankr (ANKR) rallies 50% after a strategic investment from Binance Labs

BlackRock launches a spot Bitcoin private trust for institutional clients

Huobi Founder to sell $3 billion stake, Bankman-Fried and Justin Sun interested

Ethereum Classic (ETC) cruises to a 4-month high as the merge approaches

Zipmex restores ETH withdrawal, Binance recovers 83% of funds stolen from Curve Finance

Ankr (ANKR) Rallies 50% After a Strategic Investment from Binance Labs

Ankr (ANKR), a Web 3 infrastructure provider, rallied more than 50% in an hour to set a new three-month high after a positive announcement. Although ANKR has been steadily inching upwards since June 18, this is its biggest daily gain.

The 24-hour price chart for Ankr (ANKR). Source: CoinMarketCap

ANKR traded as high as $0.05625 for the first time since May 8. ANKR has gained 80% over the last 30 days, moving the token into the top 100 cryptos ranked by market cap, with $464.5 million.
The rally comes after a strategic investment from Binance’s VC arm — Binance Labs. Ankr is known for building some of the core infrastructures of the BNB Chain and introducing BNB Liquid Staking.
Although the amount of investment remains undisclosed, the proceeds will be used to expand Ankr’s RPC service while building out its Web3 developer suite. This includes Liquid Staking DK, Web3 Gaming SDK, and Application Chains as a Service.

Flipsider:

Ankr’s RPC public domains were recently hijacked by a group of hackers who used them to run phishing attempts on Polygon and Fantom networks.

Why You Should Care

The investment comes just days after Ankr revealed that it had enabled token staking on its infrastructure level and could help expand the service.

BlackRock Launches a Spot Bitcoin Private Trust for Institutional Clients

Asset management titan BlackRock Inc. has launched a spot Bitcoin private trust that will track the performance of Bitcoin, thereby giving its institutional clients in the United States their first direct exposure to BTC.