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Crypto Biz: Helicopter CBDC money rains on Shenzhen, May 26—June 1

China's advanced CBDC strategy sees digital yuan airdropped to thousands of people. Meanwhile, Binance Labs raised $500 million for a new Web3 fund.

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Crypto Biz: Helicopter CBDC money rains on Shenzhen, May 26—June 1

China's advanced CBDC strategy sees digital yuan airdropped to thousands of people. Meanwhile, Binance Labs raised $500 million for a new Web3 fund.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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