The DeFi and crypto world is rapidly evolving, and staying up-to-date with the latest developments and trends is more important than ever. Our weekly recap highlights the key news that will help you stay informed about the most significant events.
Trump Family and Potential Binance US Deal
The Trump family is reportedly in talks to acquire a stake in Binance US, although this information is yet to be confirmed. Speculation grows as Donald Trump increases pro-crypto rhetoric. Additionally, former Binance CEO Changpeng 'CZ' Zhao is reportedly seeking a presidential pardon from Trump after pleading guilty to U.S. anti-money laundering violations.
MGX's $2 Billion Investment in Binance
Abu Dhabi-based tech investor MGX has invested $2 billion in Binance, marking the largest-ever investment in a crypto company. The deal marks MGX's first venture into crypto and blockchain, securing a minority stake. Binance, with thousands of employees in the UAE, benefits from the region's crypto-friendly regulations.
Starknet Plans to Bridge Bitcoin & Ethereum
Starknet plans to become the first Layer 2 network to settle transactions on both Bitcoin and Ethereum, aiming to bridge the two largest blockchain ecosystems. This move will bring DeFi capabilities to Bitcoin, including staking, lending, and trading, while maintaining security and decentralization. Starknet will process transactions off-chain, bundle them into STARK proofs, and settle them on both chains.
This week's recap shows that the crypto industry continues to develop, attracting more investments and innovations. Stay tuned to not miss important changes and remain informed.
