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.

Hong Kong Could Approve Spot Bitcoin And Ether ETFs as Soon as Monday - What to Know

Bloomberg sources reveal that Hong Kong could approve Bitcoin and Ether exchange-traded funds (ETFs) as early as Monday. Harvest Fund Management Co. and Bosera Asset Management (International) Co., in collaboration with HashKey Capital, are poised to launch spot-crypto ETFs pending regulatory nod from the Securities and Futures Commission and finalization of listing details with Hong Kong Exchanges & Clearing Ltd.

Read the full story.

TokenFi Developers Propose 'TOKEN Supercharge Program' for Enhanced Benefits

The TokenFi launchpad developers have proposed the 'TOKEN Supercharge Program', offering exclusive benefits to holders and stakers. The initiative aims to enhance TokenFi's ecosystem by granting privileged access to TOKEN holders, including early access to platform issuances.

Learn more in the article.

Monad Labs Secures $225M in Series A Funding Round to Challenge Solana

Monad Labs, creators of the Ethereum-compatible Layer 1 blockchain Monad, have secured a massive $225 million in series A funding led by Paradigm. Other key investors include Electric Capital, Coinbase Ventures, and Greenoaks. The funding will drive the growth of Monad Labs, supporting team expansion and the development of Monad towards production.

Details here.

FDUSD Stablecoin Expands to Sui: What to Know

Hong Kong-based stablecoin issuer First Digital Trust is broadening its reach by integrating its US-dollar-pegged stablecoin FDUSD with Layer-1 blockchain Sui, following its initial launch on Ethereum and BNB Chain in August 2023. CEO Vincent Chok highlights the expansion as part of the company's strategy to boost FDUSD's utility among DeFi users. 

Find more information here. 

Binance Labs' 52nd Project: What is Omni Network?

Binance Labs unveiled Omni Network (OMNI) as its newest member on launchpool, marking it as the 52nd project. Positioned as Ethereum's integrated roll-up layer, Omni Network aims to revolutionize decentralized applications (dApps) by incorporating Ethereum's scaling solutions into a cohesive framework. 

Read on to explore Omni Network here.