Weekly Recap in DeFi: New Developments and Trends

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by Giorgi Kostiuk

2 years 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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Other news

Trump Calls for Passage of Clarity Act to Boost U.S. Crypto Market

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President Trump called for Congress to pass the Clarity Act to establish federal rules for digital assets and maintain U.S. leadership in the crypto market.

user avatarDavid Robinson

GTA 6 Gameplay Leaks Cause Stock Decline for Take Two

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This week, the highly anticipated release of GTA 6 from Rockstar Games and Take Two Interactive has been marred by several gameplay leaks, causing Take Two's stock to decline over 15%.

user avatarAndrew Smith

Coinbase Refocuses Base App Strategy After Initial Setbacks

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Coinbase shifts its strategy for the Base App, moving away from social features to focus on trading and AI tools.

user avatarJacob Williams

Coinbase Launches Leveraged Crypto Derivatives on Base App

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Coinbase launches leveraged crypto derivatives on the Base App, allowing users to trade perpetual futures with up to 50x leverage.

user avatarZainab Kamara

Palantir Technologies Reports Stellar Earnings and Revenue Growth

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Palantir Technologies has reported a 93% year-over-year revenue surge and a 225% increase in earnings, positioning itself as a leading AI solution.

user avatarSon Min-ho

US Tech Stocks Experience Significant Gains Driven by AI Boom

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The US tech stock market has seen substantial gains over the last year, driven by advancements in AI technology.

user avatarAyman Ben Youssef

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