Big story: Sony spends $103 billion to launch BTC and cryptocurrency exchange

The market has shown signs of recovery recently. BTC has rebounded to a high of 63831.4$ since 6.25, hitting 58335.6$, with a cumulative increase of nearly 9.42% at the high point.

Since the passage of the BTC spot ETF, the market has also been different from the past. I believe that all readers have also felt that this round of bull market has begun to be significantly different from the previous two rounds. Although market sentiment is still important, the market has also begun to be affected by real macro information. surface impact.

BitcoinMagazine reported on July 1 that Sony is preparing to launch a Bitcoin and cryptocurrency exchange in Japan after acquiring Amber Japan, a local subsidiary of Amber Group. The revised exchange will be called S.BLOX.

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Sony acquired Amber Japan in 2023 through its subsidiary Quetta Web. Amber Japan was initially known as DeCurret before Singapore-based Amber Group took over the Japanese exchange in 2022.

In hindsight, Amber Japan has been in financial trouble since FTX collapsed in 2022. Before Sony Group expressed interest, its parent company Amber Group had to enter into a debt-for-equity swap with Fenbushi Capital. Sony is leveraging partnerships and acquisitions to bolster its investments in Web3. The new deal marks its foray into the crypto space.

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