In the rapidly evolving world of DeFi and cryptocurrencies, staying informed is crucial. This recap presents the most significant news and trends from the past week.
BNB Chain and the First US ETF
VanEck has filed to register a trust for a Binance Coin (BNB) ETF in Delaware, marking the first step toward launching a BNB-focused ETF in the U.S. While BNB investment products exist in other markets, no U.S.-based ETF currently tracks the fifth-largest cryptocurrency by market cap.
PayPal Adds Solana and Chainlink
PayPal has expanded its list of supported cryptocurrencies for U.S. users by adding Solana (SOL) and Chainlink (LINK). Users can now buy, sell, and hold these digital assets directly through PayPal's wallet, removing the need for third-party apps.
Nigeria Officially Recognizes Cryptocurrencies as Securities
President Bola Tinubu has signed the Investments and Securities Act (ISA) 2025 into law, officially recognizing cryptocurrencies as an asset class in Nigeria. The new legislation removes years of uncertainty and gives the Securities and Exchange Commission (SEC) full regulatory oversight of the crypto industry.
New legislative initiatives and the addition of cryptocurrencies to mainstream platforms sustain interest in digital assets and open up new investment opportunities.
