As the DeFi and crypto space evolves at a rapid pace, our recap provides key news and trends, helping you stay informed about the latest developments.

Polymarket Considers Token Launch Amid $50M Fundraising

Polymarket, a blockchain-based prediction platform, is planning to launch its own token, according to The Information. The company is reportedly seeking to raise over $50 million, offering investors token warrants. This move could significantly impact prediction markets and real-world event validation post-2022 collapse.

PayPal Opens Crypto Market to U.S. Business Accounts

On September 25, PayPal announced that U.S. business account holders can now buy, sell, hold, and transfer cryptocurrencies, expanding crypto access for millions of merchants. However, this feature is not available to merchants in New York.

Binance Introduces Unique Pre-Market Trading for Launchpool Tokens

Binance has introduced its Pre-Market Spot Trading service, developed with Binance Spot and Launchpool, enabling users to buy tokens before their official spot market listing. Unlike other exchanges that use derivatives, Binance offers actual tokens for trade during this phase, marking a first in the industry. The service aims to provide early access to Launchpool tokens, benefiting both users and projects by extending token life cycles and offering early market entry.

This DeFi weekly recap highlights the dynamic developments in the crypto industry, reflecting significant changes and new opportunities in the market.