Weekly Recap in DeFi and Crypto Space

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by Giorgi Kostiuk

2 years ago

The DeFi and crypto space continues to grow rapidly, making it essential to stay updated on the latest developments and trends. Our weekly recap provides a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space.

Circle and Binance Partnership for USDC Promotion

Circle and Binance announced a strategic partnership at Abu Dhabi Finance Week, aimed at expanding the adoption of USDC, the popular stablecoin. Binance will integrate USDC across its trading, savings, and payment services, providing broader utility for the stablecoin. Additionally, Binance will adopt USDC as a core stablecoin for its corporate treasury, further advancing the global digital asset ecosystem.

Floki Launches Crypto Card in Europe

Floki, in partnership with Mastercard, has launched a crypto debit card available in 31 European countries, including France, Germany, Spain, and Italy. The card, offered in physical and virtual formats, enables seamless cryptocurrency spending. While the physical card is limited to Europe, the virtual version is accessible globally, expanding Floki's reach.

Ripple's RLUSD Approval and NY Partnership

Ripple Labs has gained approval from the New York Department of Financial Services (NYDFS) to launch RLUSD, a US dollar-backed stablecoin. CEO Brad Garlinghouse announced on December 10 that the stablecoin would soon debut on multiple exchanges and partnerships. Ripple aims to challenge market leaders like USDT and USDC, projecting RLUSD to hit a $2 trillion market cap by 2028.

The past week has been packed with significant events and initiatives in the DeFi and crypto sectors, pointing to the continued growth and adaptation of the industry. Each of these events contributes to the development and popularization of decentralized financial technologies.

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Other news

BotPsy Sets New Standards in AI Performance Benchmarks

Tether's QVAC BotPsy has achieved impressive scores in AI performance benchmarks, scoring 440 on BFCL v4 and 587 on ACEBench, surpassing larger models and demonstrating the potential of smaller AI models.

user avatarMiguel Rodriguez

Tether Launches Innovative AI Model QVAC BotPsy

Tether introduces QVAC BotPsy, an AI model with 800 million parameters that excels in performing everyday tasks on personal devices.

user avatarRajesh Kumar

CoreWeave's Strong Q3 Performance Boosts AI Sector Sentiment

CoreWeave's strong Q3 results have increased investor sentiment in the AI sector, reporting $366 million in revenue, a 168% year-over-year increase, and raised full-year guidance.

user avatarLuis Flores

Deutsche Bank Launches Crypto Custody Service for Institutions

Deutsche Bank has officially launched its crypto custody service for institutional and corporate clients in Europe.

user avatarArif Mukhtar

Yana Prikhodchenko Takes the Helm as CEO of Phase

Yana Prikhodchenko has been appointed as cofounder and CEO of Phase, a technology company focused on the AI agent economy.

user avatarDavid Robinson

Phase Unveils Layer 1 Blockchain Mainnet and AI Agent Services

Phase has launched its Layer 1 blockchain mainnet and AI agent services, enabling autonomous operations for AI agents.

user avatarMaria Gutierrez

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