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 Resumes Full Operations in India After Securing FIU Registration and Paying $2.25M Fine

Binance has fully restored its services in India after the platform’s website was unblocked. This comes after Binance successfully registered with India's Financial Intelligence Unit (FIU) and paid a $2.25 million fine. The exchange emphasized its commitment to anti-money laundering standards and global regulatory compliance, marking this as a significant milestone in its operations.

Read the full story.

Goldman Sachs Contradicts Past Skepticism with $418M Bitcoin ETF Investment

Goldman Sachs has invested $418 million in Bitcoin spot ETFs, according to their latest 13F filing. This move comes despite the firm's Chief Investment Officer, Sharmin Mossavar-Rahmani, having repeatedly criticized Bitcoin and cryptocurrencies. Mossavar-Rahmani, who has previously dismissed crypto as a viable investment, recently reiterated her concerns about Bitcoin's value and the industry's claims of financial democratization.

Details here.

Floki Becomes Official Partner of Nottingham Forest for Premier League 2024/2025 Season

Floki has officially partnered with Nottingham Forest for the 2024/2025 Premier League season. The deal includes branding for Floki and its sister brand, Valhalla, an MMORPG, at Nottingham Forest's home matches, spanning 19 Premier League games and domestic cup fixtures. The Premier League's global reach of over 2.7 billion viewers per matchday will give Floki significant exposure through perimeter boards and digital platforms.

Read the details in the article.

Former TON Foundation Leaders Introduce $40M Fund TON Blockchain Growth

Former TON Foundation leaders have launched TON Ventures, a $40 million fund to support early-stage crypto projects in the TON ecosystem. The fund will focus on driving innovation in consumer applications and Web3 gaming. Selected projects will receive tools, infrastructure, and support, including access to Telegram's advertising channels and TON experiments.

Find more information in the article. 

Lido Finance Ventures Beyond Ethereum, Expands to BNB Chain

Lido Finance has officially expanded its services to the BNB Chain following a community vote by its DAO on August 9. This marks Lido's first venture beyond the Ethereum ecosystem, where it currently dominates the staking market with 28.2% of net ETH deposits. The integration will be supported by Axelar and Wormhole, ensuring secure asset transfers between Ethereum and BNB Chain.

Details here.