- Binance Resumes Full Operations in India
- Goldman Sachs Invests $418M in Bitcoin ETF
- Floki Partners with Nottingham Forest
The DeFi and crypto sector is evolving at an astonishing pace, making it crucial to stay informed about the latest happenings and trends. Our weekly recap provides a concise and comprehensive overview of the most significant news and trends in the DeFi and crypto space.
Binance Resumes Full Operations in India
Binance has fully restored its services in India after registering with the Financial Intelligence Unit (FIU) and paying a $2.25 million fine. The platform emphasized its commitment to anti-money laundering standards and global regulatory compliance, marking this as a significant milestone in its operations.
Goldman Sachs Invests $418M in Bitcoin ETF
Goldman Sachs has invested $418 million in Bitcoin spot ETFs, according to their latest 13F filing. This move comes despite the firm's Chief Investment Officer, Sharmin Mossavar-Rahmani, having repeatedly criticized Bitcoin and cryptocurrencies. Mossavar-Rahmani recently reiterated her concerns about Bitcoin's value and the industry's claims of financial democratization.
Floki Partners with Nottingham Forest for the 2024/2025 Premier League Season
Floki has officially partnered with Nottingham Forest for the 2024/2025 Premier League season. The deal includes branding for Floki and its sister brand, Valhalla, an MMORPG, at Nottingham Forest's home matches, spanning 19 Premier League games and domestic cup fixtures. The Premier League's global reach of over 2.7 billion viewers per matchday will give Floki significant exposure through perimeter boards and digital platforms.
The past week has been rich in significant events in the world of DeFi and cryptocurrencies. Binance continues to expand its presence in India despite regulatory challenges. Goldman Sachs unexpectedly decided to invest a substantial amount in Bitcoin ETFs, and Floki has the opportunity to significantly increase its visibility through a partnership with Nottingham Forest.
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