WEB3

Weekly Article Recap: 12/30-1/03

by BSCN

January 4, 2025

chain

A recap of notable news from the week.

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.

Binance Becomes First Licensed Crypto Broker-Dealer in Brazil

image4.png

Binance has obtained a broker-dealer license from Brazil’s central bank, becoming the first crypto exchange licensed in the country. This milestone, Binance’s 21st global regulatory approval, includes acquiring São Paulo-based investment platform Sim;paul. The license allows Binance to distribute securities and issue electronic money, expanding its services within Brazil's regulatory framework.

Details in the article.

Morgan Stanley May Add Cryptocurrency Trading to E*TRADE Platform

image5.png

Morgan Stanley is reportedly exploring the addition of cryptocurrency trading to its ETRADE platform, potentially offering the service to its 5.2 million retail users. If implemented, this move would position ETRADE as one of the largest traditional financial platforms entering the crypto market. Morgan Stanley acquired E*TRADE in 2020 for $13 billion, solidifying its reputation as a top platform for various investment products.

Read the full story

Do Kwon Pleads Not Guilty in U.S. Court Over Terra Collapse

image3.png

Do Kwon, co-founder of Terraform Labs, pleaded not guilty on January 2, 2025, to nine charges tied to the Terra ecosystem's collapse. Extradited from Montenegro, Kwon was arrested in March 2023 with fake documents while trying to board a private jet. Despite resisting extradition and favoring South Korea, Montenegro handed him over to U.S. authorities on December 31, 2024.

Learn more

Floki DAO Approves Major Proposal to Fund Floki ETP Launch with Community Tokens

image1.png

The Floki DAO has unanimously approved using 16.3 billion tokens as liquidity for a forthcoming exchange-traded product (ETP). This marks a major step for Floki, positioning it as one of the few meme coins to feature on a regulated stock exchange. The ETP aims to attract institutional and retail investors by providing a secure entry point into the cryptocurrency market.

Find more information

Binance Labs to Rebrand in 2025: Changpeng Zhao to Return to Lead Investments 

image2.png

Binance Labs announced a 2025 rebrand, signaling a shift toward AI and biotechnology while maintaining its blockchain and crypto focus. The revamp aims to broaden its investment scope, exploring secondary markets and OTC deals. Founder Changpeng Zhao (CZ), barred from Binance leadership after legal issues in 2024, will focus solely on driving Binance Labs’ investment strategies.

Details in the article

Disclaimer

Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article

Author

BSCN

;