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 Crypto Debit Cards to Phase Out in Latin America and Middle East

Binance has recently announced the discontinuation of its crypto debit card services across Latin America and the Middle East. These cards are scheduled to cease operations by September 21st.  However, users will still have the opportunity to avail refunds and engage in dispute resolutions until December 20, 2023. 

Find more information here.

Solana Pay Integrates Plug-in with Shopify, Enabling USDC Payments for Businesses

Solana Pay has achieved a significant milestone by integrating its plug-in with e-commerce giant Shopify. This development allows numerous businesses on Shopify to accept quick Web3 native payments. Initially, the integration will support USDC, with plans to potentially include other cryptocurrencies such as SOL and BONK later on.

Learn more about the integration in this article.

Friend.tech Renames "Shares" to “Keys” Amid Regulatory Concerns

Trending decentralized Social Media app, Friend.tech, has changed its primary asset's name from "Shares" to "Keys. By aligning the new terminology more closely with the tokens' purpose – facilitating access to private chatrooms,  Friend.tech aims to sidestep any potential regulatory scrutiny.

Get details here.

Base and Optimism to Share Revenue and Governance in New Agreement

In a significant move, Base and Optimism networks have teamed up in a collaborative agreement that encompasses both revenue and governance-sharing. This strategic development aims to improve the decentralization of both networks while securing their sustainability.

Learn more in the article.

Arkham Intel Teams Up with TradingView to Enhance Crypto Analytics and Insights

Arkham Intelligence and TradingView have joined forces to revolutionize how crypto enthusiasts analyze token transactions. This collaboration aims to provide a seamless and powerful experience for Arkham's users and TradingView's massive user base of over 50 million.

Get all the details of the partnership here.