The DeFi and crypto world continues to evolve rapidly, making it essential to stay updated with the latest developments and trends. Our weekly recap covers the most significant news and trends.
$2 Billion Investment into Binance: The Facts
Abu Dhabi-based tech investor MGX has invested $2 billion in Binance, marking the largest-ever investment in a crypto company. The deal also makes history as the biggest investment paid in stablecoins and secures a minority stake for MGX, marking its first venture into the crypto and blockchain sector.
Starknet Plans to Merge Bitcoin & Ethereum
Starknet plans to become the first Layer 2 network to process transactions on both Bitcoin and Ethereum, aiming to bridge the two largest blockchain ecosystems. This move will bring DeFi capabilities to Bitcoin, supporting staking, lending, and trading while maintaining security and decentralization.
Four.Meme Fund and Sony's Partnership with LINE
Four.Meme has launched a $10 million fund aimed at sustainable growth in the MemeFi sector. Meanwhile, Sony has teamed up with LINE to bring popular mini-apps onto its platform, expanding Web3 access to LINE's 200 million users.
These significant developments highlight the ongoing evolution of DeFi and crypto, attracting new investments and forming tech partnerships that promise long-term growth and innovation.
