The DeFi and crypto industry continues to evolve rapidly. Our weekly review highlights the major events and trends to keep you updated on the latest news.
Trump Family's Possible Interest in Binance US
The Trump family may be in talks to acquire a stake in Binance US, reports The Wall Street Journal. While no official confirmations exist, speculation grows amid increased pro-crypto rhetoric from Donald Trump. Former Binance CEO Changpeng Zhao is reportedly seeking a presidential pardon from Trump after admitting violations of U.S. anti-money laundering laws.
$2 Billion from MGX: Investment in Binance
Abu Dhabi-based investor MGX has invested $2 billion into Binance, marking the largest investment into a crypto company. The March 12 deal is also the biggest investment paid in stablecoins. MGX secured a minority stake, marking their first foray into crypto and blockchain. Binance benefits from favorable crypto regulations in the region, where part of their staff is based.
Starknet: Bridging Bitcoin and 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, enhancing Bitcoin’s functionality.
This week's news features significant developments in DeFi and crypto: investments in Binance, Starknet's innovative strategies, and potential Trump interests. These events reflect global trends and innovations in the industry.
