Cointime

Cointime

Download App
iOS & Android
Home / Financing

Binance CEO Predicts DeFi Will Surpass CeFi in 6 Years, Ready to Collaborate with Regulators

Binance CEO Changpeng Zhao believes that decentralized finance (DeFi) will surpass centralized finance (CeFi) in the next six years due to increasing adoption and accessibility for those without traditional banking access. He also sees institutional interest in crypto as a positive sign for the industry and its technology. Despite recent regulatory struggles, Zhao stated that Binance is committed to compliance and regulatory efforts, and highlighted the company's minimal exposure to bankrupt crypto firms. Additionally, The Wall Street Journal reported that Binance has laid off approximately 1,000 employees in recent weeks.

Binance Decentralized Finance Layoffs
Comments

All Comments

Recommended for you

  • OpenTrade announces $4 million seed extension round led by AlbionVC

    OpenTrade has announced the completion of a $4 million seed extension financing round to build RWA-supported loan and stablecoin yield products. This round of financing was led by AlbionVC, with participation from a16z Crypto and CMCC Global. OpenTrade plans to use the funds to expand its operations and enhance its product capabilities.

  • BNB Chain Ecosystem Re-staking Infrastructure Kernel Receives Investment from Binance Labs

    BNB Chain's ecological re-staking infrastructure Kernel has announced that it has received investment from Binance Labs. As of now, its total financing amount has reached 10 million US dollars, with main investors including: SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Draper Dragon, DACM, CYPHER, ArkStream Capital, HTX Ventures, Avid VC, GSR, Cluster Capital, Longhash Ventures, Via BTC, Side Door Ventures, NOIA, and DWF Labs. It is reported that Kernel's mainnet is about to be launched. Kelp provides users with support for Ethereum liquidity re-staking services based on rsETH, while Gain provides DeFi, CeDeFi, and RWA income products. KERNEL tokens are designed to unify the governance and incentive mechanisms of Kelp, Kernel, and Gain, while providing rewards for early supporters of ecosystem development.

  • Amazon to invest an additional $4 billion in Anthropic, OpenAI's rival

     Amazon is deepening its cooperation with Anthropic and will add an additional $4 billion investment to the company. In September of this year, Anthropic, an artificial intelligence startup, was seeking a new round of financing with a valuation of up to $40 billion. Anthropic was founded by former OpenAI executives in 2021 and focuses on creating interpretable, secure, and controllable artificial intelligence systems. The company's flagship AI model, Claude, operates based on "Constitutional AI," which uses predefined principles to guide its output, avoiding some erroneous or discriminatory output reactions.

  • Crypto wallet Deblock completes approximately $16.8 million in seed round financing

     Deblock, a cryptocurrency wallet created by former Revolut and Ledger executives, has raised an additional £13.3 million (approximately $16.8 million) in seed funding, as reported in documents submitted to the UK Companies House this month. Primary investors in this round of funding include Headline, Hoxton, 20VC, and Chalfen, according to documents filed in October. Sifted previously reported that the startup had quietly raised €12 million last year. Deblock was founded in August 2022 by former Revolut cryptocurrency chief Jean Meyer, payment chief Aaron Beck, and former Ledger engineering chief Mario Eguiliuz.

  • Stablecoin infrastructure platform Noble receives $15 million in Series A funding led by Paradigm

    stablecoin infrastructure platform Noble has completed a Series A financing round led by Paradigm, raising $15 million. Noble has partnered with stablecoin issuers such as Circle, Ondo Finance, Hashnote Labs, and Monerium, and currently manages assets worth more than $458 million.

  • 0G Labs Completes $40 Million Seed Round and Receives $250 Million Token Purchase Commitment

    Zero Gravity Labs (0G Labs or 0GL), a startup company in the field of cryptocurrency and artificial intelligence, announced that it has raised $290 million in new financing. This includes $40 million in seed funding raised by the laboratory and a $250 million token purchase commitment received by the 0G Foundation (an independent management organization of the 0G protocol).

  • Crypto entertainment platform BetHog completes $6 million seed round of financing

    cryptocurrency sports and entertainment platform BetHog announced the completion of a $6 million seed round of financing, led by 6MV, with participation from Will Ventures, Bullpen Capital, and others. BetHog was founded by Nigel Eccles and Rob Jones, co-founders of FanDuel, and is built on the Solana blockchain, with SOL as the support token for PvP games. In addition, BetHog also supports betting with Bitcoin, Ethereum, and USDT.

  • StakeStone Completes $22 Million Financing, Led by Polychain Capital

    Ethereum liquidity collateral protocol StakeStone announced the completion of a $22 million financing round, led by Polychain Capital. This financing round includes strategic investments from Binance Labs and OKX Ventures, seed round financing led by SevenX, and participation from Nomad Capital, HashKey Capital, and others.

  • Cointime July 7th News Express

    1, Ethereum L2 TVL rebounds slightly to above $39 billion

  • Binance: Bitcoin miners record longest streak of net selling since 2017

    Binance released its market insights for July, including:

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company