This week in crypto and DeFi was packed with important news and developments, especially around the launch of new products and regulatory clarity. Our recap highlights the key stories that you should know about.
**First US BNB ETF Filed:** VanEck filed a trust application for a Binance Coin (BNB) ETF in Delaware, marking a potential first step towards bringing a BNB-focused ETF to the US market. This would be a significant move in expanding investment opportunities for BNB and potentially driving growth within the DeFi space.
**PayPal Expands Cryptocurrency Offerings:** PayPal has boosted its cryptocurrency offering by adding Solana (SOL) and Chainlink (LINK) as tradable assets on its platform. This opens up new possibilities for users to buy, sell, and hold these popular cryptocurrencies directly through their PayPal accounts.
**BNB Chain’s Liquidity Program Begins:** BNB Chain’s $100 million liquidity program has been launched, offering funding to five promising projects seeking to boost liquidity on major exchanges. This initiative aims to incentivize projects for listing on top CEXs like Binance and Bitget. Learn more about the chosen projects.
**MARA’s Bitcoin Expansion:** Bitcoin mining company MARA Holdings is planning a stock offering to raise $2 billion, which will be used to increase its holdings of Bitcoin. This move could have significant impact on the bitcoin market as they are currently among the largest public holders of Bitcoin.
**Nigeria Officially Recognizes Cryptocurrencies:** Nigeria’s Investments and Securities Act has been signed into law, officially classifying cryptocurrencies as a legal asset class within the country. The new legislation grants the SEC full authority to regulate the entire crypto industry, including combating fraud and deceptive investment practices. Find more details about this change.