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Key Events of the Week in DeFi and Cryptocurrency

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by Giorgi Kostiuk

a year ago

As the DeFi and cryptocurrency space rapidly evolves, staying informed about the latest events and trends is crucial. Our weekly recap offers a concise yet comprehensive view of the most significant news and trends.

Binance Secures Regulatory Approval in Argentina

Binance has received regulatory approval in Argentina by registering in the country's Virtual Asset Service Providers registry. This achievement enables Argentine users to access the full range of Binance's cryptocurrency services. This marks Binance's 20th regulatory milestone globally.

Coinbase to Delist Stablecoins in Europe

Coinbase announced its intention to remove non-compliant stablecoins from its European platform, including Tether's USDT, to align with the EU's new regulations. Users in the European Economic Area must convert unauthorized stablecoins by December 30.

HBO Documentary on Bitcoin Creator

A new HBO documentary, 'MoneyElectric: The Bitcoin Mystery,' promises to reveal the identity of Bitcoin's elusive creator, Satoshi Nakamoto. Directed by Emmy-nominated filmmaker Cullen Hoback, the film is set to premiere on October 8, 2024.

These events emphasize the importance of swiftly responding to changes in the DeFi and cryptocurrency world as the industry continues to advance rapidly.

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Coinbase Takes Legal Action Against State Regulators

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Coinbase has filed lawsuits against regulators in Connecticut, Illinois, and Michigan to establish that CFTC-regulated prediction markets are financial commodities.

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New Leadership Appointments at CFTC and FDIC

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President Trump has appointed Mike Selig as Chair of the CFTC and Travis Hill as Chair of the FDIC, with the Senate confirming the appointments. These changes are expected to reshape the U.S. regulatory landscape for digital assets.

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The Revenue Flippening: Solana Set to Surpass Ethereum

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A recent analysis indicates that Solana's revenue is set to surpass Ethereum's for the first time, growing from $28 million in 2021 to an estimated $25 billion in 2025, while Ethereum's revenue declines.

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Messari Highlights Notable Increase in BNB Chain Metrics.

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Messari's Q3 report highlights significant growth in BNB Chain, with a market cap of $140.4 billion, a 51.6% increase, and rising daily transactions and active addresses.

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BNB Chain Improves Network Stability through Updated Validator Modifications.

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BNB Chain has reduced the consecutive block turn length for validators to improve network stability and reduce the risk of block reorganization.

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GPUs Recognized as a New Commodity in the AI Sector

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GPUs are becoming a critical asset in the AI sector, comparable to traditional commodities.

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Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.