Major Events in the DeFi and Crypto World This Week

user avatar

by Giorgi Kostiuk

2 years ago

The past week has seen significant events in the world of DeFi and crypto that could greatly impact their future development. Let's take a closer look at the key occurrences.

FTX Sues Binance and Changpeng Zhao

FTX has filed a $1.8 billion lawsuit against Binance and its former CEO, Changpeng Zhao. The lawsuit alleges fraudulent transfers during a 2021 share buyout. FTX claims that Binance received $1.76 billion in FTX tokens and Binance coins in exchange for its FTX stakes, potentially misappropriated from customers. The lawsuit states that FTX was insolvent at the time, invalidating the transaction.

18 U.S. States Suing SEC

A coalition of 18 U.S. states, led by Kentucky, has filed a lawsuit against the SEC, accusing it of overstepping its authority in crypto regulation. Attorneys general from states such as Texas, Florida, and Ohio argue that SEC Chair Gary Gensler's actions undermine state powers and hinder innovation in the $3 trillion digital asset market.

Pennsylvania's Bitcoin Bill

The Pennsylvania House has introduced the 'Bitcoin Strategic Reserve Act,' proposing to invest up to 10% of the state's treasury in Bitcoin. Sponsored by Rep. Mike Cabell, the bill aims to protect against inflation and aligns with the growing adoption of digital assets. If approved, Pennsylvania would become the first U.S. state to directly invest in Bitcoin.

This week's events in DeFi indicate significant shifts in crypto regulation and adoption. From lawsuits to new legislative initiatives, everything is shaping the industry's future.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

MEXC Launches 'Trading Takes Two' Campaign to Showcase AI Capabilities

MEXC is launching a month-long campaign titled 'Trading Takes Two' to showcase how MEXC AI supports users in their trading journey.

user avatarTenzin Dorje

HTX Research Highlights Risks in Stock-Linked Memecoins

HTX Research's report highlights the risks of stock-linked memecoins, focusing on misleading high APY figures and the importance of understanding market conditions.

user avatarBayarjavkhlan Ganbaatar

HTX Research Unveils Insights on Stock-Linked Memecoins

HTX Research has released a report on stock-linked memecoins, analyzing their market structure and growth potential.

user avatarMohamed Farouk

BAI Builds Closed-Loop Infrastructure for the Agent Economy

BAI is building a closed financial loop for the agent economy, integrating models and agents to facilitate seamless transactions.

user avatarDiego Alvarez

BAI Sets New Industry Record with 151 Trillion Tokens Daily Throughput

BAI has set a new industry record with a daily throughput of over 151 trillion tokens, marking a significant increase since its launch.

user avatarElias Mukuru

Justin Sun Prize Launched to Transform Scientific Research

The Justin Sun Prize has been established to redefine scientific rewards in the AI era, offering up to $1 million for breakthroughs in fundamental disciplines and machine formal verification.

user avatarKenji Takahashi

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.