Exodus finances acquisition, Grab explores Web3 wallets, Animoca receives regulatory approval, and other Web3 news

Animoca Brands has received in-principle approval from the Financial Services Regulatory Authority of ADGM to operate as a regulated Fund Manager, aiming to enhance its institutional capabilities in the Middle East. (📰Animoca Brands)
Exodus plans to use its Bitcoin reserves to finance a $175 million acquisition of W3C Corp, aiming to integrate payment infrastructure and become a self-custodial wallet that controls the entire payments stack. (📰TradingView)
Grab Holdings and StraitsX have signed a memorandum of understanding to explore the development of Web3-linked wallets and a stablecoin settlement network for payments across Asian markets. (📰Crowdfund Insider)