This week brought significant developments in the DeFi and cryptocurrency world, from potential Trump family investment in Binance US to major investments in Binance and initiatives by Starknet.
Is the Trump Family Buying a Stake in Binance US?
The Wall Street Journal reports that the Trump family may be in talks to acquire a stake in Binance US. Despite being unconfirmed, speculation is growing. Meanwhile, former Binance CEO Changpeng ‘CZ’ Zhao is reportedly seeking a presidential pardon from Trump after pleading guilty to U.S. anti-money laundering violations.
$2 Billion Investment into Binance: The Facts
Abu Dhabi-based tech investor MGX has poured $2 billion into Binance, marking the largest-ever investment in a crypto company. The March 12 deal also makes history as the biggest investment paid in stablecoins. MGX secures a minority stake, marking its first entrance into crypto and blockchain.
Starknet Plans to Merge Bitcoin & Ethereum on a Single Layer: Details
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. The move will bring DeFi capabilities to Bitcoin, enabling staking, lending, and trading while maintaining security and decentralization.
The past week demonstrated how the cryptocurrency and DeFi industries continue to undergo radical transformation, attracting investor interest and implementing the latest technologies to expand blockchain's usability.
