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. 

Binance Announces Grand Return to Japanese Crypto Market, Sets Launch Date 

Leading exchange Binance announced its return to the Japanese market at the WebX 2023 conference in Tokyo. After ceasing operations in 2018, the platform will resume services in August. Binance's CEO, Changpeng Zhao (CZ), confirmed the company's compliance with Japanese regulations, highlighting Japan's strict regulatory environment for digital assets. This move is a major milestone for the cryptocurrency industry.

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Verified Smart Contracts Soar as BNB Chain Unveils Q2 Report 2023

In a recent Q2 2023 report, BNB Chain showcased significant growth in verified smart contracts, surpassing bear market conditions. The report analyzed data from BNB Chain, Ethereum, Polygon, Fantom, Avalanche, Arbitrum, and Optimism, revealing a trend of increasing verified smart contracts during the quarter. BNB Chain emerged as the leader with a market share of 46.5%, while Ethereum followed at 31.3%. 

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PancakeSwap Launches on zkSync to Provide the ‘Ultimate DeFi Experience’

PancakeSwap recently announced its integration with zkSync Era, an Ethereum layer-2 network known for scalability using zero-knowledge rollups. This collaboration aims to offer users on zkSync Era access to PancakeSwap's low fees, user-friendly interface, and ample liquidity while leveraging zkSync Era's scalability advantages.

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Crypto.com Receives Approval for Registration from De Nederlandsche Bank in the Netherlands

Crypto.com has obtained registration with De Nederlandsche Bank (DNB) as a recognized provider of crypto services, following a thorough assessment of its compliance with Dutch regulations. This milestone adds to the company's collection of regulatory licenses in different regions, including notable ones from Singapore and France.

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Is FTX Co-Founder SBF Finally Getting a Break?: Prosecutors May Withdraw Campaign Donation Charge

US prosecutors have decided to drop the charge of illegal campaign donations against former FTX CEO Sam Bankman-Fried, citing extradition disputes between the US and The Bahamas. The Bahamas has not approved Bankman-Fried's extradition for this specific charge, leading the US government to abandon it for the trial.

Get all the details here.