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 Binance Labs, the venture capital arm of Binance Exchange, has invested in ARKM, the native token of the crypto intelligence platform Arkham.
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<div class="cointelegraph">
 Binance Labs, the venture capital arm and incubator arm of Binance, said on Nov. 15 that it has invested in Arkham (ARKM), the <a rel="noopener noreferrer nofollow" title="native" href="https://thebittimes.com/tag/native.html">native</a> <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> of the “deanonymizing” blockchain <a rel="noopener noreferrer nofollow" title="platform" href="https://thebittimes.com/tag/platform.html">platform</a> Arkham.
 The company&nbsp;said&nbsp;in a blog post on the website that the investment aims to support “on-chain insights at scale across the blockchain ecosystem.”
 Arkham’s mission is to deanonymize blockchain transactions and strengthen self-regulation by enabling users to see anyone’s blockchain transactions using Arkham’s intelligence <a rel="noopener noreferrer nofollow" title="platform" href="https://thebittimes.com/tag/platform.html">platform</a>, Binance Labs said in the post. Based on the proprietary artificial intelligence (AI) engine known as ULTRA — which “algorithmically matches addresses with real-world entities” — the Arkham <a rel="noopener noreferrer nofollow" title="platform" href="https://thebittimes.com/tag/platform.html">platform</a> enables users to track entity relationships and flow funds, the announcement noted.
 The VC platform also mentioned that Arkham introduced one of the world’s first on-chain intelligence exchanges, the Arkham Intel Exchange. The tool is a “decentralized intelligence economy” that matches buyers and sellers of blockchain intelligence and allows users to generate intelligence to capture value for their work in exchange for the ARKM token.
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 Binance Labs didn’t disclose the terms of the ARKM deal in the announcement. Amid the news, the ARKM <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> has jumped more than 30% over the past 24 hours, with its market value reaching an all-time high of $100 million on Nov. 15, according to data from CoinGecko.
 At the time of writing, ARKM is trading $0.58, up more than 70% over the past 30 days.
 <figure><img src="https://cdn.thebittimes.com/images/2023/11/15/aafb0a0230e6e144ec0a3c92faa3d3a4.webp">
 <figcaption style="text-align: center;">Arkham (ARKM) 24-hour chart. Source: CoinGecko
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 Binance Labs did not immediately respond to Cointelegraph’s request for comment.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/binance-labs-invests-in-arkm-the-native-token-of-arkham-platform-tbt70395.html">https://thebittimes.com/binance-labs-invests-in-arkm-the-native-token-of-arkham-platform-tbt70395.html</a>

Binance Labs invests in ARKM, the native token of Arkham platform

TheBitTimes

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