Weekly Article Recap: 2/12-2/16

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.

Bitcoin Hits $50k After Two Years As Spot Bitcoin ETFs Attract Record $1.1B

Bitcoin (BTC) skyrocketed by 16.5% to hit $50,011 in the past week, its highest weekly gain since October 2023. The surge is attributed to increased investments in U.S.-based spot Bitcoin ETFs, which have attracted over $3 billion. CoinShares reported a notable shift as funds flew into spot ETFs, while outflows from established funds like Grayscale Bitcoin Trust (GBTC) and ProShares' futures-based ETF decreased.

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Binance Labs Announces Investment In Three Projects From Season 6 Incubation Program

Binance Labs, the investment arm of Binance, has revealed the first set of projects from its Season 6 incubation round. While the exact investment figures remain undisclosed, these projects cover various sectors within the blockchain industry. The biannual program aims to support and foster innovation in the Web3 ecosystem.

Discover the projects here.

Ripple Expands US Presence with Acquisition of Standard Custody & Trust Co.

Ripple has continued its expansion within the US with the acquisition of Standard Custody & Trust Co., a PolySign subsidiary. This move underscores Ripple's commitment to regulatory compliance and diversification. With this acquisition, Ripple aims to broaden its service offerings, enhancing its in-house capabilities.

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Uniswap Announces V4 Protocol Set for Q3 2024 Launch

The Uniswap Foundation has revealed plans to launch Uniswap's version 4 (v4) protocol tentatively in the third quarter of 2024. This follows the unveiling of draft code for Uniswap v4 last June, which introduced hooks into the protocol for the first time. 

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Core DAO Launches CORE Starter Program to Promote Bitcoin-Secured DApp Development

Core DAO has unveiled its CORE Starter Program, aimed at empowering developers to build decentralized applications (dApps) secured by Bitcoin. With over $300,000 in resources and incentives, the initiative seeks to foster innovation in the blockchain sector by equipping developers with the tools needed to explore new possibilities in blockchain technology. 

Explore the details in the article.