WEB3
by BSCN
February 17, 2024
A recap of notable news from the week.
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.
Bitcoin (BTC) skyrocketed by 16.5% to hit $50,011 in the past week, its highest weekly gain since October 2023. The surge is attributed to increased investments in U.S.-based spot Bitcoin ETFs, which have attracted over $3 billion. CoinShares reported a notable shift as funds flew into spot ETFs, while outflows from established funds like Grayscale Bitcoin Trust (GBTC) and ProShares' futures-based ETF decreased.
Find more details in the article.
Binance Labs, the investment arm of Binance, has revealed the first set of projects from its Season 6 incubation round. While the exact investment figures remain undisclosed, these projects cover various sectors within the blockchain industry. The biannual program aims to support and foster innovation in the Web3 ecosystem.
Discover the projects here.
Ripple has continued its expansion within the US with the acquisition of Standard Custody & Trust Co., a PolySign subsidiary. This move underscores Ripple's commitment to regulatory compliance and diversification. With this acquisition, Ripple aims to broaden its service offerings, enhancing its in-house capabilities.
Read the full story.
The Uniswap Foundation has revealed plans to launch Uniswap's version 4 (v4) protocol tentatively in the third quarter of 2024. This follows the unveiling of draft code for Uniswap v4 last June, which introduced hooks into the protocol for the first time.
Find more details in the article.
Core DAO has unveiled its CORE Starter Program, aimed at empowering developers to build decentralized applications (dApps) secured by Bitcoin. With over $300,000 in resources and incentives, the initiative seeks to foster innovation in the blockchain sector by equipping developers with the tools needed to explore new possibilities in blockchain technology.
Explore the details in the article.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].
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