After strong allegations by SEC on Binance US, they have replied to the SEC with a proper response to check their operations and from starting they are co-operating with the SEC.
After this news the BTC price fell from $27200 to $25500 almost with a negative of 6%.
DeFi aims to provide financial services that are accessible, transparent, and trustless.
DeFi protocols allow individuals to access a range of financial services, including lending, borrowing, trading, insurance, and more, without relying on banks or other.