- Binance Resumes Full Operations in India
- Goldman Sachs Invests in Bitcoin ETF
- Floki Partners with Nottingham Forest
As the DeFi and crypto space continues to evolve at a rapid pace, it's essential to stay informed about the latest developments and trends. Our weekly recap provides you with a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space, helping you stay informed and up-to-date with the latest happenings.
Binance Resumes Full Operations in India
Binance has fully restored its services in India after the platform’s website was unblocked. This comes after Binance successfully registered with India's Financial Intelligence Unit (FIU) and paid a $2.25 million fine. The exchange emphasized its commitment to anti-money laundering standards and global regulatory compliance, marking this as a significant milestone in its operations.
Goldman Sachs Invests in Bitcoin ETF
Goldman Sachs has invested $418 million in Bitcoin spot ETFs, according to their latest 13F filing. This move comes despite the firm's Chief Investment Officer, Sharmin Mossavar-Rahmani, having repeatedly criticized Bitcoin and cryptocurrencies. Mossavar-Rahmani, who has previously dismissed crypto as a viable investment, recently reiterated her concerns about Bitcoin's value and the industry's claims of financial democratization.
Floki Partners with Nottingham Forest
Floki has officially partnered with Nottingham Forest for the 2024/2025 Premier League season. The deal includes branding for Floki and its sister brand, Valhalla, an MMORPG, at Nottingham Forest's home matches, spanning 19 Premier League games and domestic cup fixtures. The Premier League's global reach of over 2.7 billion viewers per matchday will give Floki significant exposure through perimeter boards and digital platforms.
These events highlight the dynamic development of the DeFi and crypto space, as well as its impact on the global economy and financial system.
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