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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

SpaceX's Historic IPO and Billionaire Backing

chest

SpaceX's IPO in June saw its stock price initially soar but has since faced volatility, with significant investments from billionaires.

user avatarTomas Novak

Strategy Halts Bitcoin Transactions for the Week

chest

Strategy did not engage in any Bitcoin purchases or sales last week, maintaining its holdings at 840,447 BTC.

user avatarKaterina Papadopoulou

Fake Downloads of The Odyssey Spread Lumma Stealer Malware

chest

Security firm Bitdefender warns that pirated copies of The Odyssey are circulating with malware designed to steal cryptocurrency wallets.

user avatarMaya Lundqvist

Shiba Inu SHIB Gains Momentum with New Listings and Adoption

chest

Shiba Inu SHIB has been listed on the Australian exchange FameEX and is now usable at Dubai Duty Free airport stores, marking significant adoption milestones.

user avatarLeo van der Veen

Rise in Wrench Attacks Targeting Cryptocurrency Holders

chest

The report highlights a surge in wrench attacks, particularly in France, where criminals are targeting cryptocurrency holders.

user avatarAisha Farooq

Massive Data Breach Exposes French Tax Records

chest

A hacker is selling a large database of French tax records that could affect over 678,000 individuals and businesses, raising concerns about phishing and identity theft.

user avatarLi Weicheng

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.