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.

Trump’s Team Discusses Potential White House Crypto Role Amid Growing Industry Influence

President-elect Donald Trump’s transition team is in talks to establish a White House position dedicated to cryptocurrency policy, according to Reuters. The proposed role would liaise with Congress and regulatory bodies like the SEC and CFTC, coordinating crypto regulations across federal agencies. Industry advocates hope the position will have direct access to Trump to influence key decisions.

Read the full story.

Bitwise Joins Race for Solana ETF Amid Growing Interest in Crypto ETFs

Digital asset manager Bitwise has filed for the registration of a "Bitwise Solana ETF Trust" with the SEC, aiming to launch a Solana-focused exchange-traded fund. The filing, dated November 20, 2024, positions Bitwise alongside competitors like VanEck and Canary Capital in the race to introduce Solana ETFs. 

Learn more here. 

Mercado Bitcoin Launches MBRL Stablecoin Pegged to Brazilian Real on the TRON Blockchain

Mercado Bitcoin, Latin America’s largest digital asset platform, has introduced MBRL, a stablecoin tied to the Brazilian Real (BRL) and launched on the TRON blockchain. Users can acquire MBRL through Mercado Bitcoin’s offer book or by depositing BRL for instant conversion. The stablecoin is managed by MB Pay, ensuring secure custody and reliable transactions.

Details in the article.

Floki Takes Valhalla to India with Ambitious Marketing Campaign

Floki has unveiled a bold marketing initiative to promote its PlayToEarn MMORPG, Valhalla, in Delhi NCR, India. Announced on November 18, 2024, the campaign targets high-visibility locations across the region, aiming to reach over 650,000 people daily over the next four weeks.

Find more information.

Gary Gensler’s Departure and Its Impact on Crypto

SEC Chairman Gary Gensler will step down on January 20, 2025, raising questions about the agency’s future approach to cryptocurrencies. During his tenure, Gensler aggressively targeted crypto giants like Binance and Coinbase for alleged securities law violations, earning praise for investor protection but criticism from the crypto sector for stifling innovation. Industry players are hopeful his successor will adopt clearer regulations, reduce compliance burdens, and foster collaboration to boost crypto innovation.

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