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.

Worldcoin Pauses Orb Verification in India

Worldcoin temporarily halted operations in India, citing its Orb-verification service as a "limited-time access" initiative. Tools for Humanity, the foundation behind Worldcoin, emphasized its dedication to collaborating with global partners to ensure compliance with regulatory standards, with a focus on delivering a secure and transparent human verification service.

Read the full story here.

Ubisoft’s New Game NFTs Generate $4.5M in Record Public Mint

Ubisoft's highly anticipated game, Champions Tactics: Grimoria Chronicles, broke records as its free Warlords NFTs sold out within minutes during a public mint earlier in the week. CryptoSlam data showed the game raked in over $4.5 million in sales within hours of the public mint. 

Get the full details in the article. 

Montenegro Court Rejects Extradition Approval for Terra Founder Do Kwon

The Montenegro Court of Appeal has nullified the extradition approval for Do Kwon, ex-CEO of Terraform Labs, to the United States or South Korea. The decision, overturned due to a procedural error, cited the investigating judge's failure to hear Kwon's defense during the hearing. A retrial has been ordered, with the case returning to the Podgorica Basic Court.

Get the full details in the article.

SEC Holds Joint Conference with Spot Bitcoin ETF Hopefuls Amid Approaching Deadline: Report

The U.S. SEC is reportedly holding a rare joint conference with applicants seeking approval for the first spot bitcoin ETF. FOX Business sources suggest that the SEC is likely to approve the ETF by January 10, 2024, emphasizing the importance of a cash-creation model during the conference call.

Learn more here. 

Coinbase CEO Counters Anti-Crypto Sentiment of Senators Marshall and Warren

Coinbase CEO Brian Armstrong has slammed U.S. Senators Roger Marshall and Elizabeth Warren for their anti-crypto stance and controversial push for the Digital Asset Anti-Laundering Act. The Chamber of Digital Commerce revealed the Senators' attempt to sway the American Bankers Association, sparking strong criticism from Armstrong.

Details in the article.