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Weekly Recap in DeFi: New Developments and Trends

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by Giorgi Kostiuk

a year ago

As the DeFi and crypto space continues to evolve at a rapid pace, staying updated on the latest developments and trends is crucial. Our weekly recap provides a concise yet comprehensive overview of the most significant news and trends in this evolving space.

Visa and FV Bank Launch New Cards

FV Bank and Visa announced the launch of new debit and corporate expense cards at Money 20/20 in Las Vegas. These cards enable users to spend both USD and cryptocurrencies like Bitcoin and Ethereum at Visa-supported locations worldwide.

Immutable Challenges SEC Claims

Blockchain gaming platform Immutable faces potential SEC enforcement due to alleged violations during IMX token sales in 2021. Immutable intends to challenge the SEC's claims, which have been criticized by industry voices, including SEC Commissioner Hester Peirce.

Reddit Sells Cryptocurrency Holdings

Reddit Inc. disclosed in a recent SEC filing that it sold most of its cryptocurrency holdings, primarily Bitcoin and Ethereum, netting nearly $6.9 million in the third quarter of 2024. Reddit stated that this move was aimed at bolstering its financial reserves.

These events highlight the importance of understanding and analyzing developments in the rapidly changing world of DeFi and cryptocurrencies. Stay updated with the latest news to gain a complete perspective on current trends in this dynamic field.

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