Cryptocurrency

Solana

USDC

Read

Partner

<h2 dir="ltr" id="span-span-recapping-the-week-in-defi-span-span">Recapping the Week in DeFi</h2>
As the DeFi and crypto space continues to evolve at a rapid pace, it's essential to stay informed&nbsp;
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.
<h3 dir="ltr" id="span-span-consensys-faces-setback-as-court-dismisses-lawsuit-against-sec-span-span">Consensys Faces Setback as Court Dismisses Lawsuit Against SEC&nbsp;</h3>
<figure class="image">
 <img src="https://storage.bsc.news/3/image3_bd97fd2564.png" alt="image3.png" width="undefined" height="undefined">
</figure>
A Texas court dismissed Consensys’ lawsuit against the SEC on September 19, 2024. The case challenged the SEC’s classification of Ethereum as a security. Consensys filed the suit in April after receiving a Wells notice regarding potential enforcement actions tied to its Ethereum wallet, MetaMask. The company argued that the SEC's scrutiny of Ethereum was regulatory overreach and that Ether should not be classified as a security.
Read the full&nbsp;<a style="text-decoration:none" href="https://bsc.news/post/consensys-faces-setback-as-court-dismisses-lawsuit-against-sec-1">story</a>.
<h3 dir="ltr" id="span-span-binance-demands-release-of-executive-before-meeting-nigerian-crypto-regulations-report-span-span">Binance Demands Release of Executive Before Meeting Nigerian Crypto Regulations: Report</h3>
<figure class="image">
 <img src="https://storage.bsc.news/3/image1_d013077f42.png" alt="image1.png" width="undefined" height="undefined">
</figure>
Binance has announced it will not comply with Nigeria's new digital asset regulations until its detained executive, Tigran Gambaryan, is released. This follows Nigeria's Securities and Exchange Commission (SEC) introducing the Accelerated Regulatory Incubation Programme (ARIP), which requires virtual asset providers to establish offices in Nigeria and adhere to specific rules.
Learn more in the&nbsp;<a style="text-decoration:none" href="https://bsc.news/post/binance-demands-release-of-executive-before-meeting-nigerian-crypto-regulations-report">article</a>.&nbsp;
<h3 dir="ltr" id="span-span-circle-expands-usdc-access-in-brazil-and-mexico-via-pix-and-spei-real-time-payment-systems-span-span">Circle Expands USDC Access in Brazil and Mexico via PIX and SPEI Real-Time Payment Systems</h3>
<figure class="image">
 <img src="https://storage.bsc.news/3/image5_d26111c9cb.png" alt="image5.png" width="undefined" height="undefined">
</figure>
Circle has integrated its stablecoin, USD Coin (USDC), with Brazil’s PIX and Mexico’s SPEI payment systems. This allows businesses in Brazil and Mexico to convert local currencies (BRL and MXN) directly into USDC, bypassing international wire transfers. The move aims to enhance transaction efficiency, cut costs, and speed up cross-border payments and remittances.
Details&nbsp;<a style="text-decoration:none" href="https://bsc.news/post/circle-expands-usdc-access-in-brazil-and-mexico-via-pix-and-spei-real-time-payment-systems">here</a>.
<h3 dir="ltr" id="span-span-bitget-becomes-laliga-s-official-cryptocurrency-partner-in-10m-deal-span-span">Bitget Becomes LaLiga’s Official Cryptocurrency Partner in $10M+ Deal</h3>
<figure class="image">
 <img src="https://storage.bsc.news/3/image4_78febc623b.png" alt="image4.png" width="undefined" height="undefined">
</figure>
Cryptocurrency exchange Bitget has teamed up with Spain’s top football league, LaLiga, as its official crypto partner for Eastern, Southeast Asia, and Latin America. The partnership, announced at the Token2049 event in Singapore, is valued at over $10 million and will span two to three years. Bitget aims to promote Web3 adoption and boost its global presence, especially in key crypto markets like Asia and Latin America.
Find more information in the&nbsp;<a style="text-decoration:none" href="https://bsc.news/post/bitget-becomes-la-liga-s-official-cryptocurrency-partner-in-10-m-deal">article</a>.&nbsp;
<h3 dir="ltr" id="span-span-solana-s-new-web3-smartphone-seeker-what-you-need-to-know-span-span">Solana’s New Web3 Smartphone "Seeker": What You Need to Know</h3>
<figure class="image">
 <img src="https://storage.bsc.news/3/image2_8c0780ea32.png" alt="image2.png" width="undefined" height="undefined">
</figure>
Solana Mobile, a subsidiary of Solana Labs, has introduced its second web3 smartphone, Seeker, with over 140,000 pre-orders from 57 countries. Following the success of the Solana Saga, Seeker aims to enhance web3 integration for mobile users. Set to launch in 2025, the device will be priced between $450 and $500, offering exclusive rewards for early buyers.
Read the full story&nbsp;<a style="text-decoration:none" href="https://bsc.news/post/solana-s-new-web3-smartphone-seeker-what-you-need-to-know">here</a>.&nbsp;

Weekly Article Recap: 9/16-9/20

Table of Contents

BSCN

Other articles published on Oct 7, 2024

Crypto Investment Products Face $147M Outflow, Ending Inflow Streak

Mayor of Rockdale says Bitcoin mining saved the town’s economy

Avalanche Foundation Launches $40M Retro9000 Grant Program for L1 Developers

Dan Gallagher Considered for Next SEC Chair if Trump Wins

Market Analysts Provide Insights on Bitcoin and Altcoin Price Predictions

BlockDAG Takes October by Storm After Raising $4M in 24 Hours Near Protocol & ICP Updates

Join our free newsletter for daily crypto updates!