​​Recapping the Week in DeFi

As the DeFi and crypto space continues to evolve at a rapid pace, it's essential to stay informed about the latest developments and trends. Our weekly recap provides you with a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space, helping you stay informed and up-to-date with the latest happenings.

FTX Eyes Revival With Multiple Bidders in Talks

Bankrupt crypto exchange FTX is in talks with three potential buyers to revive its operations. The details of these bidders and their proposals remain undisclosed. FTX is considering options that include selling the exchange, partnering for a relaunch, or independently restarting its trading platform. 

Find more information here. 

Binance Adds Support for Native USDC on Polygon

Binance announced support for USD Coin (USDC) on the Polygon PoS network. Soon, Binance users will be able to make deposits and withdrawals for native USDC on Polygon. Notably, the abridged version "USDC.e", will now be traded under the ticker MATICUSDCE, as per an official statement from the exchange.

Find more details in the article. 

Floki Unveils Launch of Tokenization Platform Alongside Its Brand New Token

In an October 26 announcement, Floki introduced its very own tokenization platform, TokenFi. The development coincides with the highly anticipated launch of Floki's latest reward asset, TOKEN. The initiative underscores Floki's strategic move to tap into the promising multi-trillion-dollar tokenization market.

Learn more about Floki’s latest development here. 

Core DAO Announces New Hackathon Bounties With Up To $50K Per Project

As one of the prominent sponsors at the upcoming ETH Lisbon hackathon, Core DAO is set to offer enticing reward bounties to participating projects. The rewards will be disbursed in CORE tokens. In addition, successful projects will also gain the unique opportunity to present their work to Core DAO's grant committee, potentially resulting in up to $50,000 in funding.

Learn more in the article.

SEC Seeks $770 Million Settlement from Ripple Labs

The U.S. Securities and Exchange Commission (SEC) is seeking a hefty $770 million settlement from Ripple Labs over alleged violations of Federal Securities Laws related to the sale of XRP, the company's cryptocurrency. Ripple's key figures, Brad Garlinghouse and Chris Larsen, are expected to contest the fee, potentially extending the case into late summer next year.

Find more information here.