First Mover Americas: Binance Increases Recovery Fund, wBTC Loses Its Peg

First Mover Americas: Binance Increases Recovery Fund, wBTC Loses Its Peg

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories Crypto exchange Binance has allocated another $1 billion for its crypto recovery fund, increasing the size of the fund to over $2 billion. Aptos Labs, Jump Crypto and other prominent crypto companies joined the exchange’s initiative and will contribute $50 million to it. The increase comes a day …