Binance and Sequoia Capital will continue to support Musk's acquisition of Twitter

According to ChainCatcher, as reported by Cointelgraph, Binance and Sequoia Capital are still supporting Tesla CEO Elon Musk's $44 billion acquisition of the social media platform Twitter. Binance stated that it will continue to provide $500 million in support, with a representative from the trading platform saying, "We remain committed to supporting Musk's acquisition of Twitter, but there is currently nothing new to share."

Additionally, Sequoia Capital has also been backing Musk, as Sequoia was an early investor in PayPal, which Musk founded. Back in April, Sequoia committed $800 million to this deal. (Cointelgraph)