Weekly Article Recap: 6/12-6/16

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.

BlackRock Seeks Approval for Groundbreaking Bitcoin Spot ETF, Bitcoin Rebounces

BlackRock, a leading global investment manager, has applied for a Bitcoin spot ETF in the United States. If approved, it would be the first crypto spot ETF in the country. The ETF, called iShares Bitcoin Trust, primarily holds bitcoin assets through a custodian. Coinbase Custody is chosen for the bitcoin holdings, while Bank of New York Mellon is the custodian for cash holdings.

Get all the details in this article.

BNB Chain Implements BEP-126 Update, Introduces Fast Finality for Unparalleled Security

BNB Chain recently deployed the BEP-126 update, introducing Fast Finality. This feature enhances security and transaction reliability, eliminating block reorganizations, preventing double-spend and MEV reorg attacks, ensuring irreversible transactions, and enabling efficient operations for exchanges and DeFi protocols. The update marks a significant development in the security of the ecosystem. 

More information here.

Binance Exits the Dutch Market, Urges Users to Withdraw Assets

Binance, the leading global crypto exchange, is leaving the Dutch market after failing to secure registration as a virtual asset service provider (VASP) with the Dutch regulator. New users from the Netherlands are no longer accepted, and existing users can only withdraw assets starting July 17, 2023. 

Learn more in this article.

Polygon Unveils Polygon 2.0: The Value Layer of the Internet

Polygon has announced Polygon 2.0, with the ambition to create the Value Layer of the Internet. Polygon 2.0 aims to establish a protocol that allows people to create, exchange, and program value, similar to how the Internet democratized access to information. By leveraging a network of ZK-powered Layer 2 chains and a cross-chain coordination protocol, Polygon 2.0 achieves scalability and unified liquidity, addressing the limitations of Ethereum and the wider crypto ecosystem.

Details here.

Core DAO Set to Announce S-Prize Winners of the DeFi Landscape

Core DAO is ready to announce its S-Prize winners, a competition that promotes innovation in DeFi and GameFi. The winners will be revealed during the 21 Days of Core, starting with the 7 Days of DeFi event. Core is a blockchain aiming to transform financial innovation. Updates on the projects and future plans will be shared soon. The first S-Prize snapshot recognized 26 out of 75 projects as winners, rewarding the early builders on the Core network.

Learn more in this article.