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 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.

Crypto.com Launches U.S. Institutional Cryptocurrency Custody Service

Crypto.com has launched its institutional cryptocurrency custody service in the U.S., expanding its footprint in North America. The newly established Crypto.com Custody Trust Company will serve institutions and high-net-worth clients in the U.S. and Canada. Digital asset migration to the service will begin in the coming weeks, with uninterrupted access for users during the transition.

Find more information here. 

FLOKI DAO Proposes Launch of Europe-Based ETP on SIX Swiss Exchange

Floki DAO has unveiled plans to collaborate with a prominent asset manager to launch an Exchange-Traded Product (ETP) for the FLOKI token. If approved, this move would position Floki alongside Dogecoin as one of the few meme tokens with institutional investment options in Europe. The ETP will enable regulated access to FLOKI, bridging traditional finance (TradFi) and crypto, and appealing to both institutional and retail investors. 

Learn more in the article. 

Bitwise Files to Launch Bitcoin Standard ETF Targeting Companies with Large Bitcoin Holdings

Bitwise Asset Management has filed to launch the Bitcoin Standard Corporations ETF, targeting companies with significant Bitcoin holdings. This move aligns with the growing trend of businesses integrating Bitcoin into their corporate treasuries, as competitors like Strive Asset Management also eye opportunities in the growing crypto-investment sector.

Details here. 

Aethir Partners with Injective to Launch the World’s First Tokenized GPU Marketplace

Aethir and Injective have unveiled the first-ever tokenized GPU marketplace, transforming access to high-performance computing. The platform enables developers and researchers to trade GPU compute power flexibly and cost-effectively, boosting AI innovation.

Read the full story.

Binance's 63rd Launchpool Project: What is Bio Protocol (BIO)?

Binance has introduced Bio Protocol (BIO) as its 63rd Launchpool project, focusing on decentralized science (DeSci) to transform biotechnology through blockchain. From December 24, 2024, users can stake BNB and FDUSD for ten days to farm BIO tokens. The initiative aims to connect scientists, investors, and communities to fund and advance biotech research transparently and equitably.

Learn more here.