Crypto Derivatives DEX Aevo's Token Jumps 10% as Binance Labs Discloses InvestmentAevo's native token saw a surge in value after Binance Labs investment.Despite the recent price increase, the token remains significantly below its March trading value.
Binance Spun Off Venture Capital Arm Earlier This Year: BloombergBinance spun off its venture capital arm, Binance Labs, under new CEO Richard Teng.Richard Teng's background signifies a move towards regulatory compliance at Binance.