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Crypto

Sam Altman\'s biometric authentication startup World raises $52.5 million from cryptocurrency sale

World, an online authentication startup co-founded by Sam Altman, raised $52.5 million by selling WLD tokens to strategic investors, with a 12-month lockup, TechCrunch reported. Investors cannot sell or trade WLD for a year. World said the condition reflects long-term investment in its growth and expanding utility. Proceeds will go to the Cayman Islands-based World Foundation. Pantera Capital led the purchase, with other firms participating.

Crypto

Evernode completes Cayman trademark registration, steps up XRP treasury business

Ripple-backed treasury firm Evernode has completed trademark registration in the Cayman Islands, a move seen as progress in its XRP digital asset treasury business. The mark, filed by HSM IP, is registered under classes 36 and 42 covering financial and technology services. The trademark is valid until April 1, 2036. Evernode is pursuing a business combination with Cayman-incorporated SPAC Armada Acquisition Corp II and holds about 473 million XRP.

Crypto

Binance, Changpeng Zhao sued in UK by investors seeking 310 billion won

A group of 1,692 UK investors has filed a class action lawsuit against Binance and its founder and former CEO Changpeng Zhao (창펑 자오), seeking damages and compensation for losses. The claim, lodged at the London High Court, alleges Binance sold and promoted crypto derivatives to UK consumers without authorisation from 2019. Plaintiffs say the conduct breached UK financial law and are also seeking interest under the High Court Act 1981.