The DeFi Education Fund aims to use decentralized finance to reduce costs and combat poverty globally. They propose that DeFi could save unbanked and underbanked individuals $30 billion annually by cutting remittance fees by up to 80%. Advocates suggest blockchain technology can address poverty factors by reducing transaction times, fees, and increasing financial access.

In the US, lawmakers are working on a digital asset market structure bill. Senate Democrats on the banking committee have pushed back against Republicans’ draft bill concerning DeFi regulations. After a 43-day government shutdown, the bill is moving forward, with Senate Banking Chair Tim Scott expecting it to be signed into law by early 2026.

Read more at Cointelegraph.com

1. Bitcoin hits new all-time high of $60,000, driven by increased institutional adoption and positive market sentiment.
2. Ethereum network upgrades to reduce transaction fees and improve scalability, leading to a surge in its price to over $2,000.
3. Elon Musk announces Tesla now accepts Bitcoin as payment for its products, causing a spike in Bitcoin price.
4. NFT market sees exponential growth, with total sales reaching $2 billion in the first quarter of 2021.
5. Coinbase, a leading cryptocurrency exchange, prepares for its highly anticipated direct listing on the Nasdaq.: Advocacy Group Proposes DeFi Solutions to Address Global Poverty