Recapping the Week in DeFi

Cryptocurrency never sleeps, and neither does crypto news and content. Because of this constant stream of information, it’s difficult for investors to keep track of the most notable news. In this weekly recap, BSC News shares some of the most exciting stories and breaking news events of the week to help you stay up-to-date on all things DeFi.

Binance Releases Proof of Reserves Showing 101% Backing for $9.5B in Bitcoin Deposits

Releasing Proof of Reserves has become a keystone issue for exchanges after the collapse of FTX. Binance just revealed that they have $9.6 billion in reserves compared to $9.5 billion deposited.

Check out what that means for the exchange here.

Everdome Brings the Metaverse to Abu Dhabi

During the recent F1 race in Abu Dhabi, Everdome was showing off the next phase of its hyper-realistic metaverse. BSC News got a chance to give it a try in VR - and the experience did not disappoint.

Learn more about this exciting metaverse here.

Baby Doge Swap Enables Burn Estimates for Swap Service

Baby Doge Swap has added a feature that estimates how much Baby Doge Coin is burned on swaps on the platform. The estimator is a neat tool to watch how much of the token is burned.

Check out the feature in detail here.

Pegaxy’s Journey: A Horse Ride Through Different Markets

The bear market has claimed many projects, but Pegaxy remains standing tall. The project has had its lows - but it’s prepared to find new heights in the future.

Read more about their journey here.

First Binance TV Ad Features Ronaldo's New NFT Collection

When Super Bowl season rolled around in February, multiple exchanges had national television commercials - but not Binance. Now, the exchange proves that was a shrewd decision as they launch their first televised ad starring Ronaldo’s NFT collection.

Learn more about the collection here.