A new layer-2 chain called opBNB has been introduced by the blockchain founded by Binance, although some argue that there are alternative ways to scale the network.
Binance is facing a lawsuit from the United States Securities and Exchange Commission (SEC), which has classified a minimum of 61 cryptocurrencies as securities, impacting tokens worth $100 billion in the market.
Despite the recent volatility in the crypto market, non-fungible tokens (NFTs) have proven to be resilient, with a 7.74% surge in weekly sales, amounting to a total of $181.82 million.
Cryptory.net - $1 billion Industry Recovery Initiative fund will be used to support crypto projects that are struggling with liquidity issues due to the FTX collapse.