Big Money Moves: Binance Bags $2B, Starknet Eyes Bitcoin

By Roughcore/Purein10th | How I view it | 17 Mar 2025


Abu Dhabi just dropped a cool $2 billion on Binance, marking the exchange’s first institutional investment - and the biggest one in crypto history. The UAE has long been a stronghold for Binance, with 20% of its workforce based there. CEO Richard Teng, who once ran Abu Dhabi’s Financial Services Authority, now oversees the world’s largest exchange, and this latest backing from MGX, the emirate’s sovereign wealth fund, only tightens those ties. Oh, and the investment? Fully paid in stablecoins.

 

Meanwhile, Starknet is out here rewriting the Bitcoin narrative. The Ethereum-based L2 is now stretching its legs, becoming the first to settle on both Bitcoin and Ethereum. The goal? Scaling Bitcoin to thousands of transactions per second and making Bitcoin DeFi a reality. Soon, you’ll be able to hold Bitcoin on Argent with instant transactions and no seed phrase hassle. To pull it off, Starknet is rolling out a phased bridging approach - starting with a multisig bridge, then BitVM, and finally a ZK bridge built on OP_CAT. No, they’re not ditching Ethereum. They’re just unlocking one of crypto’s biggest untapped markets

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Roughcore/Purein10th
Roughcore/Purein10th

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