Best Crypto & Business Stories of the Week: July 23

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Many brands are starting to see a recovery despite the challenges initially posed by the pandemic. Some companies, especially those that have focused their efforts on expanding e-commerce businesses, have even seen their profits increase even more than before.

HYPEBEAST has put together the best trading and crypto stories of the week so you can stay on top of trends across industries.

Company 1. Ermenegildo Zegna has announced its intention to go public with a valuation of 3.2 billion US dollars

The Italian label Ermenegildo Zegna has announced its intention to go public. A New York-based special purpose acquisition company will help the label raise $ 880 million in funding.

2. Zoom acquired the Five9 cloud contact center

Zoom purchased the Five9 cloud contact center in an equity transaction valued at approximately US $ 14.7 billion. The video communications giant will combine the Five9s contact center as a service solution within the popular Zooms platform.

3. LVMH took a majority stake in the Off-White brand

LVMH has agreed to take a majority stake in Off-WhiteLLC, owner of the streetwear brand Virgil Ablohs Off-White. Abloh would retain 40% stake in the company after the deal.

4. Netflix sees its growth slow after the 2020 boom

Netflix racked up an additional 1.5 million subscriptions in the second quarter of 2021, below its first quarter numbers. The figures seem even lower compared to the first quarter of 2020.

5. Twitter has reached over 206 million users

Twitter revealed in its second quarter earnings report that it has more than 206 million monetizable daily active users. The company also reported second-quarter revenue of US $ 1.19 billion, a 74% increase from its 2020 figures.

Crypto 1. Steve Jobs’ 1973 handwritten job application sells as NFT

Apple co-founder Steve Jobs’ 1973 job application went up for auction, pitting NFTs against physical collectibles. The auction closes on Wednesday July 28 and bids can be placed through the official auction website.

2. A new NFT service will create any NFT you can dream of

Real Nifty has launched an NFT typing service that allows anyone to create an NFT for things they wish to purchase. Potential NFT consumers can fill out a form detailing their wish, who they want and name their offer price.

3. A new documentary on the future of crypto is in the works

Optimist will officially begin production of a cryptocurrency documentary titled Ethereum: The Infinite Garden. The film centers on Ethereum founder Vitalik Buterin and other space leaders.

4. Elon Musk has confirmed that he still owns bitcoin

At a conference hosted by the Crypto Council for Innovation on Wednesday afternoon, Elon Musk doubled his support for the cryptocurrency, causing prices to jump. Previously, there had been speculation that Musk had sold his holdings.

5. Amazon seems to be growing in cryptocurrency

Amazon appears to be expanding into cryptocurrency and blockchain products, according to a job posting. Amazon is looking to hire a Digital Currency and Blockchain Product Manager who will innovate on behalf of customers within the payments and financial system.

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