As the global community of cryptocurrencies and DeFi continues to evolve rapidly, it's important to keep abreast of the latest events and trends. Our weekly recap provides a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space.
Visa and FV Bank Launch New Cards
FV Bank and Visa have introduced new debit and corporate expense cards, allowing users to spend both USD and cryptocurrencies like Bitcoin and Ethereum at Visa-supported locations globally. Announced at Money 20/20 in Las Vegas, these cards enable seamless spending in stores, online, and ATMs, with real-time access to funds linked to FV Bank accounts.
Immutable Challenges SEC Claims
Blockchain gaming platform Immutable faces potential SEC enforcement action for alleged securities violations related to its IMX token sales in 2021. Immutable plans to contest the SEC's claims, which have drawn criticism from industry voices, including SEC Commissioner Hester Peirce.
Reddit Offloads Crypto Assets
In a recent SEC filing, Reddit Inc. revealed it sold most of its cryptocurrency holdings, primarily Bitcoin and Ethereum, netting nearly $6.9 million in Q3 2024. Reddit stated the sale aimed to strengthen financial reserves.
The rapidly evolving crypto market continues to change, evidenced by significant shifts and strategic moves from leading players. Stay tuned to the latest news to remain informed.
