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.

Bitcoin Hits All-Time High of $69,200 Before Going Down To $65k Levels

Bitcoin skyrocketed to a new all-time high of $69,200 before experiencing a slight dip, surpassing its previous peak in November 2021. This surge not only marked Bitcoin's price momentum but also propelled its market capitalization to $1.35 trillion, rivaling the global value of silver.

Details in the article.

Binance Labs' New Investment in Four Projects From S6 Incubation Program: What Are They?

Binance Labs announced its investment in four startups in its Season 6 incubation program, expanding the total to seven projects supported by the initiative. The startups cover various sectors including decentralized finance (DeFi), infrastructure, and application layers.

Discover the projects here.

Do Kwon Reportedly to be Extradited to South Korea, Montenegro Court Overturns U.S. Decision

Podgorica's high court has overturned a previous ruling favoring the US, deciding to extradite Do Kwon, co-founder of Terraform Labs, to South Korea. This decision follows a series of legal appeals after an initial approval for extradition to the US was revoked due to procedural issues.

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Worldcoin Files Lawsuit Against Spanish Authorities

Worldcoin, the digital ID provider backed by Sam Altman, is taking legal action against Spain's data protection agency for blocking its data collection via eyeball scanning technology. Parent company Tools for Humanity plans to contest the order amid GDPR compliance claims. Worldcoin asserts its commitment to secure identification despite regulatory hurdles.

Learn more in the article.

MetaMask to Act as Official Launch Partner for All-New ‘Revolut Ramp’

Revolut, a leading neobank, is launching Revolut Ramp, a crypto-payments platform allowing MetaMask users to directly purchase over 20 tokens into their self-custody wallets. MetaMask, supporting over 40 payment methods in 177 countries, will be the official launch partner. Initially available to UK and European Economic Area users, the service offers access to tokens like ETH, USDC, USDT, SHIB, and 1INCH.

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