As the DeFi and crypto space continues to evolve at a rapid pace, our weekly recap provides a concise yet comprehensive overview of the most significant news and trends.
Is the Trump Family Buying a Stake in Binance US?
The Trump family may be in talks to acquire a stake in Binance US, The Wall Street Journal reports. While unconfirmed, speculation grows as Donald Trump ramps up pro-crypto rhetoric. Meanwhile, ex-Binance CEO Changpeng ‘CZ’ Zhao is reportedly seeking a presidential pardon from Trump after pleading guilty to U.S. anti-money laundering violations.
$2 Billion Investment into Binance: The Facts
Abu Dhabi-based tech investor MGX has poured $2 billion into Binance, marking the largest-ever investment in a crypto company. The March 12 deal also makes history as the biggest investment paid in stablecoins. MGX secures a minority stake, marking its first entrance into crypto and blockchain.
Starknet Plans to Merge Bitcoin & Ethereum on a Single Layer: Details
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, enabling staking, lending, and trading while maintaining security and decentralization.
The weekly recap highlights key events and trends in the world of cryptocurrencies and DeFi. Stay informed on developments to keep abreast of all significant changes.
