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. 

BNB Chain Announces Launch of opBNB Mainnet

BNB Chain has officially introduced the opBNB Mainnet to the public, marking a significant milestone for the robust network. With over 150 projects already committed to building on the new layer 2 network, opBNB aims to democratize blockchain access while ensuring cost-effective and secure transactions. 

Learn more here.

LayerZero Announces Google Cloud Oracle Integration

LayerZero recently partnered with Google Cloud to introduce Google Cloud oracle for enhanced messaging security. This significant upgrade, effective September 19, will make Google Cloud the default verifier for all LayerZero apps, ensuring heightened security for all messages within the platform.

Get the full details here.

SEC Accuses Binance.US of Non-Cooperation in Investigation

In a developing legal saga, Binance.US, the American branch of the global crypto exchange, is under scrutiny for alleged non-cooperation with the U.S. Securities and Exchange Commission (SEC). The SEC has expressed frustration with the evidence-gathering process, citing a lack of essential documents provided by Binance.US's holding company, BAM.

Find more information here. 

Coinbase Will Integrate Bitcoin Lightning Network for Faster BTC Transactions

Coinbase CEO, Brian Armstrong, has revealed plans to integrate the Lightning Network for quicker and more cost-effective Bitcoin transactions. While acknowledging Bitcoin's significance in the crypto world, Armstrong cautioned that the integration will take time, urging patience from users awaiting the upgrade.

Learn more in the article. 

CoinEx Hack Reveals $54M in Stolen Cryptocurrencies

Hong Kong's CoinEx Global Exchange is reeling from a major security breach, with reports now estimating the loss at over $54 million in cryptocurrencies. The breach affected Ethereum (ETH), TRON (TRX), and Polygon (MATIC) wallets. In response, CoinEx has begun transferring remaining assets to its cold wallet, which currently holds $89 million, including $51.7 million in ETH and $18.23 million in USDT.

Find more information here.