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.

Binance Unveils Web3 Wallet for Millions of its Users

Binance has launched its highly anticipated Web3 Wallet at the Binance Blockchain Week conference in Istanbul. The wallet enables users to easily swap tokens across various networks, explore decentralized applications (dApps), transfer funds between their wallet and the exchange, and earn yields on cryptocurrencies. 

Learn more in the article. 

Yuga Labs and Magic Eden Roll Out Royalty-Enforcing Ethereum NFT Marketplace

Magic Eden and Yuga Labs are collaborating to launch a new Ethereum NFT marketplace. Set to debut by year-end, the platform aims to prioritize creators' rights and enforce royalty payments. This partnership represents a significant development in the NFT space, with Yuga Labs describing it as the "first major ETH marketplace contractually obligated to honor creator royalties."

Read the full story here. 

Update: Justin Sun Offers 5% WhiteHat Bounty to Hacker Following $100M+ Poloniex Exploit

Crypto exchange Poloniex faced a suspected breach resulting in the unauthorized outflow of over $100 million. Poloniex owner Justin Sun vowed to investigate, ensure full reimbursement for affected users, and collaborate with other platforms for fund recovery. Sun also announced a 5% white-hat bounty for the hacker, offering a seven-day window for fund return before involving law enforcement.

Find more information here. 

Update: ETH Surges as BlackRock's Ethereum ETF Takes Center Stage with Nasdaq Filing

BlackRock is expanding its crypto involvement by planning to launch an Ether-focused Exchange-Traded Fund (ETF), as revealed in a Nasdaq filing. This move follows BlackRock's ongoing efforts to introduce a Bitcoin ETF, a development that has influenced recent surges in Bitcoin's price. 

Learn more in the article. 

Update: CoinSpot Reportedly Falls Victim to $2.4M Hack via “Private Key Compromise”

Australian crypto exchange CoinSpot is reeling from a significant security breach resulting in a staggering loss of $2.4 million. The breach came to light on November 8 when blockchain security firm CertiK detected suspicious transactions from CoinSpot's hot wallets. Two wallets from the exchange sent 1,282 ETH (approximately $2.4 million) to an External Owned Account (EOA).

Get all the details in the article.