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 Achieves Landmark as El Salvador's First Fully Licensed Crypto Exchange

Binance has achieved a significant milestone by becoming the first fully licensed crypto exchange in El Salvador. The Central Reserve Bank and the National Commission of Digital Assets have granted Binance the Bitcoin Services Provider license (BSP) and the non-provisional Digital Assets Services Provider license (DASP), respectively. This achievement highlights Binance's commitment to obtaining regulatory approvals in important global markets.

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BREAKING: Aptos Announces Official Partnership with Microsoft

Aptos Labs and Microsoft have recently joined forces in a partnership that focuses on combining their expertise in areas like financial services and artificial intelligence. The collaboration aims to make blockchain technology more accessible and usable for a broader audience. The aim is to merge Aptos Labs' technology with Microsoft Azure's Open AI Service capabilities to enable easier adoption of blockchain and the development of decentralized applications using AI.

Find more information here.

Bittrex Agrees to $24 Million Settlement Following SEC Lawsuit

Cryptocurrency exchange Bittrex has reached a significant settlement of $24 million with the U.S. Securities and Exchange Commission (SEC) after being accused of neglecting to register with the regulatory agency. The resolution was revealed in a legal filing made in a federal court located in Seattle on Thursday.

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Binance Labs Invests $5 Million in Curve DAO Token (CRV); Backs Curve's Expansion to BNB Chain

Binance Labs has committed a significant investment of $5 million in Curve DAO Token (CRV), the native token of Ethereum-based Curve ecosystem. As part of the strategic collaboration, Curve is set to expand to the BNB Chain, further fueling the growth of the DeFi ecosystem on the BNB Chain.

More information here. 

Singapore Licensed DigiFT Launches First Ever U.S. Treasury Token on Public Blockchain 

Singapore-based security token DEX, DigiFT, operating under the Monetary Authority of Singapore's FinTech Regulatory Sandbox, has introduced the groundbreaking DigiFT U.S. Treasury Token, known as "DUST." This remarkable token, fully compliant and linked to the U.S. Treasury, has achieved a significant milestone as the first-ever U.S. Treasury token on a public blockchain. 

Learn more in this article.