The crypto and DeFi space continues to evolve rapidly. This article highlights significant events and trends that have impacted the industry over the past week.
Trump Family and Binance US Investment Rumors
There is speculation that the Trump family is in talks to acquire a stake in Binance US, according to The Wall Street Journal. While unconfirmed, former Binance CEO Changpeng 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 investment in a crypto company to date. The March 12 deal also stood out as the largest investment paid in stablecoins. MGX secured a minority stake and entered the cryptocurrency and blockchain sector for the first time.
Starknet Merging Bitcoin and Ethereum
Starknet plans to become the first Layer 2 network to process transactions on both Bitcoin and Ethereum. This initiative will bring DeFi capabilities to Bitcoin while maintaining security and decentralization.
This week highlights the crypto and DeFi sectors continue to impress with new initiatives, investments, and technical developments, emphasizing their rapid growth and increasing significance in the global economy.
