The past week was filled with significant events in the DeFi and crypto industry. Among the most discussed topics were the launch of new cards by Visa and FV Bank, Immutable's actions against SEC claims, and much more.
Visa and FV Bank New Cards
FV Bank and Visa have announced the release of new debit and corporate cards, allowing users to spend both USD and cryptocurrencies like Bitcoin and Ethereum at Visa-supported locations worldwide. The card launch was presented at the Money 20/20 event in Las Vegas.
Immutable's Response to SEC
The blockchain gaming platform Immutable is facing potential enforcement actions from the SEC for alleged violations concerning its IMX token sales in 2021. Immutable plans to challenge the SEC's claims, receiving criticism from industry voices, including SEC Commissioner Hester Peirce.
Reddit's Crypto Asset Sale
Reddit Inc. disclosed in an SEC filing that it sold the majority of its cryptocurrency holdings, including Bitcoin and Ethereum, grossing approximately $6.9 million in Q3 2024. This move aimed to bolster the company's financial reserves ahead of its IPO.
Along with the mentioned events, the past week in the DeFi and cryptocurrency world was packed with news significantly impacting the market and the industry's further development.
