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Binance Research
17 Jan, 07:28
#Binance Research is pleased to release our full-year report for 2024!
Dive into the most significant developments in the past year and check out what we are excited about for 2025.
Read the full report here 🔽
https://www.binance.com/en/research/analysis/full-year-2024-and-themes-for-2025
Dive into the most significant developments in the past year and check out what we are excited about for 2025.
Read the full report here 🔽
https://www.binance.com/en/research/analysis/full-year-2024-and-themes-for-2025
Binance Research
10 Jan, 11:32
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ Pump.science partners with Hedgehog to launch Solana-based prediction markets for betting on the results of longevity experiments on mice. Mice injected with longevity compounds are tested against a control group on a rotarod, assessing motor skills. Users, equipped with data on how the compound previously performed on flies, bet on which mice will excel, with trials livestreamed.
2/ Thailand is set to trial cryptocurrency payments in Phuket, a popular tourist destination, as part of a pilot program offering foreign visitors an alternative payment option. The initiative seeks to integrate digital currencies into everyday transactions, enabling tourists to register Bitcoin through a Thai exchange, verify their identities, and make purchases seamlessly.
3/ Revolut has joined the Pyth Network as one of over 100 data publishers, providing high-quality financial data to enhance decentralized applications across 80+ blockchains. By delivering real-time price updates, this partnership leverages Pyth's advanced oracle technology for low-latency, reliable data aggregation. Since May 2021, Chainlink’s share of price data feeds has decreased from 69% to 52%, while Pyth’s has increased from 0.08% to 11%, highlighting Pyth’s rapid growth and influence.
Highlights 🧵:
1/ Pump.science partners with Hedgehog to launch Solana-based prediction markets for betting on the results of longevity experiments on mice. Mice injected with longevity compounds are tested against a control group on a rotarod, assessing motor skills. Users, equipped with data on how the compound previously performed on flies, bet on which mice will excel, with trials livestreamed.
2/ Thailand is set to trial cryptocurrency payments in Phuket, a popular tourist destination, as part of a pilot program offering foreign visitors an alternative payment option. The initiative seeks to integrate digital currencies into everyday transactions, enabling tourists to register Bitcoin through a Thai exchange, verify their identities, and make purchases seamlessly.
3/ Revolut has joined the Pyth Network as one of over 100 data publishers, providing high-quality financial data to enhance decentralized applications across 80+ blockchains. By delivering real-time price updates, this partnership leverages Pyth's advanced oracle technology for low-latency, reliable data aggregation. Since May 2021, Chainlink’s share of price data feeds has decreased from 69% to 52%, while Pyth’s has increased from 0.08% to 11%, highlighting Pyth’s rapid growth and influence.
Binance Research
06 Jan, 08:48
Time to look at January's market insights!
Discover the current market landscape and key insights on:
🔸 Bitcoin Performance
🔸 USDe Growth
🔸 DEX Volumes
🔸 AI Agent Narrative
…and more.
Read here ⬇️
https://www.binance.com/en/research/analysis/monthly-market-insights-2025-01
Discover the current market landscape and key insights on:
🔸 Bitcoin Performance
🔸 USDe Growth
🔸 DEX Volumes
🔸 AI Agent Narrative
…and more.
Read here ⬇️
https://www.binance.com/en/research/analysis/monthly-market-insights-2025-01
Binance Research
03 Jan, 09:40
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ A proposal to add Bitcoin to Switzerland’s national reserves has been submitted to the Swiss Chancellery. Led by a coalition of ten crypto advocates, the initiative seeks to amend Switzerland's constitution, requiring the Swiss National Bank to hold Bitcoin alongside gold in its reserves. If successful, the proposal will proceed to the Swiss Federal Assembly for review.
2/ In December 2024, China’s State Administration of Foreign Exchange (SAFE) introduced new regulations requiring banks to monitor and report risky foreign exchange activities, including cryptocurrency transactions. The regulations aim to curb illegal activities like underground banking and cross-border gambling, making it harder for mainland investors to engage in digital asset trading.
3/ Bitwise, a leading US asset manager, has applied for approval to launch the Bitwise Bitcoin Standard Corporations ETF. The fund would track companies holding over 1,000 BTC as a reserve asset. It plans to invest at least 80% of its net assets plus borrowings in the shares included in the index, providing focused exposure to Bitcoin-heavy firms.
Highlights 🧵:
1/ A proposal to add Bitcoin to Switzerland’s national reserves has been submitted to the Swiss Chancellery. Led by a coalition of ten crypto advocates, the initiative seeks to amend Switzerland's constitution, requiring the Swiss National Bank to hold Bitcoin alongside gold in its reserves. If successful, the proposal will proceed to the Swiss Federal Assembly for review.
2/ In December 2024, China’s State Administration of Foreign Exchange (SAFE) introduced new regulations requiring banks to monitor and report risky foreign exchange activities, including cryptocurrency transactions. The regulations aim to curb illegal activities like underground banking and cross-border gambling, making it harder for mainland investors to engage in digital asset trading.
3/ Bitwise, a leading US asset manager, has applied for approval to launch the Bitwise Bitcoin Standard Corporations ETF. The fund would track companies holding over 1,000 BTC as a reserve asset. It plans to invest at least 80% of its net assets plus borrowings in the shares included in the index, providing focused exposure to Bitcoin-heavy firms.
Binance Research
31 Dec, 08:30
In our latest report, we provide an overview of the crypto industry by highlighting projects across multiple sectors.
We spotlight themes such as Payments, AI, Memecoins, and others in this report.
Check it out 🔽
https://www.binance.com/en/research/analysis/industry-map-dec24
We spotlight themes such as Payments, AI, Memecoins, and others in this report.
Check it out 🔽
https://www.binance.com/en/research/analysis/industry-map-dec24
Binance Research
27 Dec, 08:54
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ BNB Chain released its 2024 annual report, highlighting achievements such as network consolidation under the 'One BNB' multichain strategy, advancements in opBNB and Greenfield for scalability and storage, and a focus on enabling BNB Chain as an AI-first chain. TVL grew by 58.2%, and unique addresses rose by 17.7% in 2024.
2/ Rumble announced a US$775M investment from Tether, significantly boosting its stock. Tether will purchase 103.3M shares at US$7.50 each. Of the total funds, Rumble plans to allocate US$250 million for growth initiatives, with the remainder designated for a self-tender offer of up to 70M Class A shares. The deal is expected to close in Q1 2025.
3/ Deutsche Bank launched Project Dama 2, an asset-servicing pilot utilizing a Layer 2 solution on Ethereum to tackle regulatory challenges faced by financial institutions. Announced in November, the solution employs zero-knowledge proof technology to enhance transaction efficiency and privacy, advancing institutional blockchain adoption.
Highlights 🧵:
1/ BNB Chain released its 2024 annual report, highlighting achievements such as network consolidation under the 'One BNB' multichain strategy, advancements in opBNB and Greenfield for scalability and storage, and a focus on enabling BNB Chain as an AI-first chain. TVL grew by 58.2%, and unique addresses rose by 17.7% in 2024.
2/ Rumble announced a US$775M investment from Tether, significantly boosting its stock. Tether will purchase 103.3M shares at US$7.50 each. Of the total funds, Rumble plans to allocate US$250 million for growth initiatives, with the remainder designated for a self-tender offer of up to 70M Class A shares. The deal is expected to close in Q1 2025.
3/ Deutsche Bank launched Project Dama 2, an asset-servicing pilot utilizing a Layer 2 solution on Ethereum to tackle regulatory challenges faced by financial institutions. Announced in November, the solution employs zero-knowledge proof technology to enhance transaction efficiency and privacy, advancing institutional blockchain adoption.
Binance Research
23 Dec, 08:18
Competition among crypto wallets is heating up! 🔥
Discover how these new-age platforms are revolutionizing the Internet in our latest #Binance Research report.
Read more now ⬇️
https://www.binance.com/en/research/analysis/the-future-of-crypto-wallet
Discover how these new-age platforms are revolutionizing the Internet in our latest #Binance Research report.
Read more now ⬇️
https://www.binance.com/en/research/analysis/the-future-of-crypto-wallet
Binance Research
20 Dec, 11:42
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ On December 18, 2024, the U.S. Federal Reserve reduced the federal funds rate by 25 basis points to a target range of 4.25%–4.5%, marking the third rate cut this year. The Fed signaled a more cautious approach for 2025, projecting only two additional rate cuts next year, down from the previously expected four.
2/ Ethena, a DeFi protocol with a market cap of US$6 billion, launched USDtb, a new stablecoin backed primarily by BlackRock's BUIDL tokenized money market fund. USDtb aims to stabilize Ethena's yield-generating USDe token during bearish crypto markets. Ethena's native token, ENA, has rallied in response to the launch. Ethena's USDe stablecoin has quickly risen in the market, contributing to the recent all-time high in total stablecoin supply.
3/ Avalanche released its largest-ever update, Avalanche9000, introducing a 96% reduction in C-Chain transaction fees and simplifying the deployment of additional blockchains within the Avalanche ecosystem (called Layer-1 blockchains, previously known as Avalanche Subnets), including a significant reduction in the cost of deployment (up to 99%). The combination of lower network fees and easier deployment of more Avalanche chains is expected to drive user growth and transaction activity within the Avalanche ecosystem, which has over 50 subnets. Avalanche recently raised US$250 million in a token sale to VCs, focusing on expanding its presence in gaming and real-world assets (RWAs).
Highlights 🧵:
1/ On December 18, 2024, the U.S. Federal Reserve reduced the federal funds rate by 25 basis points to a target range of 4.25%–4.5%, marking the third rate cut this year. The Fed signaled a more cautious approach for 2025, projecting only two additional rate cuts next year, down from the previously expected four.
2/ Ethena, a DeFi protocol with a market cap of US$6 billion, launched USDtb, a new stablecoin backed primarily by BlackRock's BUIDL tokenized money market fund. USDtb aims to stabilize Ethena's yield-generating USDe token during bearish crypto markets. Ethena's native token, ENA, has rallied in response to the launch. Ethena's USDe stablecoin has quickly risen in the market, contributing to the recent all-time high in total stablecoin supply.
3/ Avalanche released its largest-ever update, Avalanche9000, introducing a 96% reduction in C-Chain transaction fees and simplifying the deployment of additional blockchains within the Avalanche ecosystem (called Layer-1 blockchains, previously known as Avalanche Subnets), including a significant reduction in the cost of deployment (up to 99%). The combination of lower network fees and easier deployment of more Avalanche chains is expected to drive user growth and transaction activity within the Avalanche ecosystem, which has over 50 subnets. Avalanche recently raised US$250 million in a token sale to VCs, focusing on expanding its presence in gaming and real-world assets (RWAs).
Binance Research
13 Dec, 15:36
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ El Salvador plans to relax its requirement for local businesses to accept Bitcoin as payment, making it voluntary rather than mandatory. This shift aims to secure over $3 billion in loans, including a potential $1.3 billion loan from the International Monetary Fund (IMF).
2/ Binance has unveiled a new version of its wallet, the Binance Wallet, featuring a unified wallet, revamped airdrop zone, and a new interface. These upgrades emphasize the "Seamless" theme, aiming to enhance asset management, streamline airdrop access, and elevate the overall user experience, making the platform easier to navigate.
3/ The Hong Kong Government has gazetted the Stablecoins Bill to regulate issuers of fiat-referenced stablecoins in Hong Kong. Set for its first reading in the Legislative Council (LegCo) on December 18, the Bill aims to enhance the regulatory framework for virtual assets, address financial stability risks, ensure user protection, and leverage the benefits of virtual assets and their technologies.
Highlights 🧵:
1/ El Salvador plans to relax its requirement for local businesses to accept Bitcoin as payment, making it voluntary rather than mandatory. This shift aims to secure over $3 billion in loans, including a potential $1.3 billion loan from the International Monetary Fund (IMF).
2/ Binance has unveiled a new version of its wallet, the Binance Wallet, featuring a unified wallet, revamped airdrop zone, and a new interface. These upgrades emphasize the "Seamless" theme, aiming to enhance asset management, streamline airdrop access, and elevate the overall user experience, making the platform easier to navigate.
3/ The Hong Kong Government has gazetted the Stablecoins Bill to regulate issuers of fiat-referenced stablecoins in Hong Kong. Set for its first reading in the Legislative Council (LegCo) on December 18, the Bill aims to enhance the regulatory framework for virtual assets, address financial stability risks, ensure user protection, and leverage the benefits of virtual assets and their technologies.
Binance Research
12 Dec, 23:49
With ETH dominance at multi-year lows, Ethereum finds itself at the center of a broader debate on value accrual.
Our latest #Binance Research report examines recent trends and the interplay between L2 growth and effective L1 value capture.
Read on ⬇️
https://www.binance.com/en/research/analysis/the-eth-value-debate/
Our latest #Binance Research report examines recent trends and the interplay between L2 growth and effective L1 value capture.
Read on ⬇️
https://www.binance.com/en/research/analysis/the-eth-value-debate/
Binance Research
06 Dec, 12:05
Highlights 🧵:
1/ Bitcoin surpassed US$100k for the first time after Fed Chairman Jerome Powell called it a competitor to gold, and president-elect Donald Trump nominated pro-crypto Paul Atkins to chair the SEC. Chair Powell's words signal the improving perception of Bitcoin in the traditional finance world, while the SEC news points towards a potential shift in US cryptocurrency regulation under the incoming Trump administration.
2/ South Korea initially planned to impose a 20% tax on cryptocurrency trading profits starting in 2021, but backlash and concerns about its impact on investors led to repeated delays, pushing the implementation to 2023, then 2025, and now 2027.
3/ PancakeSwap has launched SpringBoard, a no-code platform that allows users to create and launch tokens on BNB Chain without fees, featuring automatic liquidity pairing. This pairing links tokens to PancakeSwap’s liquidity once they achieve 100% on the bonding curve. This eliminates the need for external decentralized exchanges for liquidity, streamlining the process and enabling tokens to become tradable instantly.
1/ Bitcoin surpassed US$100k for the first time after Fed Chairman Jerome Powell called it a competitor to gold, and president-elect Donald Trump nominated pro-crypto Paul Atkins to chair the SEC. Chair Powell's words signal the improving perception of Bitcoin in the traditional finance world, while the SEC news points towards a potential shift in US cryptocurrency regulation under the incoming Trump administration.
2/ South Korea initially planned to impose a 20% tax on cryptocurrency trading profits starting in 2021, but backlash and concerns about its impact on investors led to repeated delays, pushing the implementation to 2023, then 2025, and now 2027.
3/ PancakeSwap has launched SpringBoard, a no-code platform that allows users to create and launch tokens on BNB Chain without fees, featuring automatic liquidity pairing. This pairing links tokens to PancakeSwap’s liquidity once they achieve 100% on the bonding curve. This eliminates the need for external decentralized exchanges for liquidity, streamlining the process and enabling tokens to become tradable instantly.
Binance Research
04 Dec, 15:56
Time to look at December's market insights!
Discover the current market landscape and key insights on:
🔸 Spot ETF Flows
🔸 Altcoin Growth
🔸 Solana Fees
🔸 Ethereum USDT Dominance
…and more.
Read here ⬇️
https://www.binance.com/en/research/analysis/monthly-market-insights-2024-12/
Discover the current market landscape and key insights on:
🔸 Spot ETF Flows
🔸 Altcoin Growth
🔸 Solana Fees
🔸 Ethereum USDT Dominance
…and more.
Read here ⬇️
https://www.binance.com/en/research/analysis/monthly-market-insights-2024-12/
Binance Research
29 Nov, 14:38
Highlights 🧵:
1/ Brazil's Congress is considering a bill to establish a Bitcoin Sovereign Strategic Reserve (RESBit), aimed at diversifying the country's treasury reserves, mitigating currency volatility, and enhancing economic sovereignty. The proposal suggests allocating up to 5% of Brazil's foreign reserves, or approximately $18 billion, to Bitcoin, with the goal of positioning the nation as a leader in financial innovation.
2/ MetaMask has expanded its fiat on-ramp functionality by integrating with Venmo, allowing U.S. users to purchase cryptocurrency directly via the popular payment app. This integration marks a significant step in making crypto more accessible to mainstream users, providing an easy bridge between traditional fiat currencies and decentralized finance.
3/ Ethereum has recently reclaimed its dominance over USDT, overtaking Tron for the first time in two years. This shift follows a 10% increase in USDT supply on Ethereum, signaling Ethereum's growing role as a preferred network for stablecoin transactions, despite competition from other Layer 2 solutions.
1/ Brazil's Congress is considering a bill to establish a Bitcoin Sovereign Strategic Reserve (RESBit), aimed at diversifying the country's treasury reserves, mitigating currency volatility, and enhancing economic sovereignty. The proposal suggests allocating up to 5% of Brazil's foreign reserves, or approximately $18 billion, to Bitcoin, with the goal of positioning the nation as a leader in financial innovation.
2/ MetaMask has expanded its fiat on-ramp functionality by integrating with Venmo, allowing U.S. users to purchase cryptocurrency directly via the popular payment app. This integration marks a significant step in making crypto more accessible to mainstream users, providing an easy bridge between traditional fiat currencies and decentralized finance.
3/ Ethereum has recently reclaimed its dominance over USDT, overtaking Tron for the first time in two years. This shift follows a 10% increase in USDT supply on Ethereum, signaling Ethereum's growing role as a preferred network for stablecoin transactions, despite competition from other Layer 2 solutions.
Binance Research
28 Nov, 00:14
The U.S. Fed recently started cutting interest rates, for the first time since 2020. The crypto market is up ~56% since then.
Our latest #Binance research report dives into the Fed, rates, major economic indicators, and asset performance.
Read on ⬇️
https://www.binance.com/en/research/analysis/the-fed-interest-rates-and-the-economy-a-primer
Our latest #Binance research report dives into the Fed, rates, major economic indicators, and asset performance.
Read on ⬇️
https://www.binance.com/en/research/analysis/the-fed-interest-rates-and-the-economy-a-primer
Binance Research
22 Nov, 12:36
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ Mastercard's Multi-Token Network (MTN) has partnered with JPMorgan's Kinexys Digital Payments to improve B2B cross-border payments by offering greater transparency and faster settlement. This integration allows mutual customers to settle transactions through a single API, enhancing the efficiency of digital global commerce.
2/ Anchorage Digital has announced support for Bitcoin staking on the Babylon protocol, allowing institutions to participate in staking as Babylon expands its capacity with the Cap-3 launch.
3/ Securitize and Elixir have launched DeFi vaults for BlackRock's tokenized money fund, BUIDL, allowing holders to earn interest from U.S. Treasury bills while accessing DeFi opportunities. This development unlocks significant liquidity, allowing BUIDL holders to mint sBUIDL tokens and participate in DeFi while continuing to earn underlying yields.
Highlights 🧵:
1/ Mastercard's Multi-Token Network (MTN) has partnered with JPMorgan's Kinexys Digital Payments to improve B2B cross-border payments by offering greater transparency and faster settlement. This integration allows mutual customers to settle transactions through a single API, enhancing the efficiency of digital global commerce.
2/ Anchorage Digital has announced support for Bitcoin staking on the Babylon protocol, allowing institutions to participate in staking as Babylon expands its capacity with the Cap-3 launch.
3/ Securitize and Elixir have launched DeFi vaults for BlackRock's tokenized money fund, BUIDL, allowing holders to earn interest from U.S. Treasury bills while accessing DeFi opportunities. This development unlocks significant liquidity, allowing BUIDL holders to mint sBUIDL tokens and participate in DeFi while continuing to earn underlying yields.
Binance Research
15 Nov, 11:23
Highlights 🧵:
1/ BlackRock's iShares Bitcoin Trust (IBIT) ETF now holds over US$33B in assets, surpassing the asset manager's long-standing gold ETF, iShares Gold Trust (IAU). This milestone is remarkable given that IBIT was launched only 10 months ago, compared to IAU which has been trading since 2005. The surge in assets follows a significant inflow of US$1.1B on November 7, driven by investor optimism after Donald Trump's presidential election victory.
2/ On November 14, 2024, Tether announced the launch of Hadron, a platform designed to simplify the tokenization of various assets, including stocks, bonds, stablecoins, and loyalty points.The platform supports multiple blockchains and provides a user-friendly interface, enabling institutions, fund managers, governments, and private companies to easily tokenize and manage assets.
3/ The Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) released a consultation paper for Project Acacia, seeking industry feedback on the use of digital money and infrastructure to support wholesale tokenised asset markets in Australia.
1/ BlackRock's iShares Bitcoin Trust (IBIT) ETF now holds over US$33B in assets, surpassing the asset manager's long-standing gold ETF, iShares Gold Trust (IAU). This milestone is remarkable given that IBIT was launched only 10 months ago, compared to IAU which has been trading since 2005. The surge in assets follows a significant inflow of US$1.1B on November 7, driven by investor optimism after Donald Trump's presidential election victory.
2/ On November 14, 2024, Tether announced the launch of Hadron, a platform designed to simplify the tokenization of various assets, including stocks, bonds, stablecoins, and loyalty points.The platform supports multiple blockchains and provides a user-friendly interface, enabling institutions, fund managers, governments, and private companies to easily tokenize and manage assets.
3/ The Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) released a consultation paper for Project Acacia, seeking industry feedback on the use of digital money and infrastructure to support wholesale tokenised asset markets in Australia.
Binance Research
12 Nov, 15:12
Could AI agents become the next big players in crypto markets?
Our latest #Binance research report dives into the convergence between AI agents and crypto, discussing its origins, major projects, challenges, and future implications.
Check it out ⬇️
https://www.binance.com/en/research/analysis/exploring-the-future-of-ai-agents-in-crypto
Our latest #Binance research report dives into the convergence between AI agents and crypto, discussing its origins, major projects, challenges, and future implications.
Check it out ⬇️
https://www.binance.com/en/research/analysis/exploring-the-future-of-ai-agents-in-crypto
Binance Research
08 Nov, 12:52
1/ Robinhood, Paxos, Anchorage Digital, among others, have launched the Global Dollar Network to drive adoption of a new stablecoin, USDG. Issued by Paxos in Singapore, USDG complies with the Monetary Authority of Singapore's (“MAS”) upcoming stablecoin framework. The network aims to distribute income from USDG’s reserves among partners, as distinct from majors like USDT and USDC.
2/ The MAS announced plans to advance tokenization in financial services, focusing on creating commercial networks, developing market infrastructure, fostering industry frameworks, and enabling shared settlement facilities. MAS also launched the Global Layer One (“GL1”) initiative for cross-border digital infrastructure and published industry frameworks for tokenized fixed income and funds.
3/ Magic Labs and Polygon have launched Newton, a cross-chain network designed to make using dApps across multiple blockchains seamless. Built on Polygon’s AggLayer, Newton lets developers build dApps that work across different chains without requiring users to manage multiple wallets. Magic Labs will also integrate its chain-agnostic crypto wallet, Passport, into Newton.
2/ The MAS announced plans to advance tokenization in financial services, focusing on creating commercial networks, developing market infrastructure, fostering industry frameworks, and enabling shared settlement facilities. MAS also launched the Global Layer One (“GL1”) initiative for cross-border digital infrastructure and published industry frameworks for tokenized fixed income and funds.
3/ Magic Labs and Polygon have launched Newton, a cross-chain network designed to make using dApps across multiple blockchains seamless. Built on Polygon’s AggLayer, Newton lets developers build dApps that work across different chains without requiring users to manage multiple wallets. Magic Labs will also integrate its chain-agnostic crypto wallet, Passport, into Newton.
Binance Research
07 Nov, 14:02
Time to look at November's market insights!
Discover the current market landscape and key insights on:
🔸 BTC & S&P500 Correlation
🔸 Application Revenues
🔸 New Token Launches
🔸 Memecoins Growth
…and more.
Read here ⬇️
https://www.binance.com/en/research/analysis/monthly-market-insights-2024-11
Discover the current market landscape and key insights on:
🔸 BTC & S&P500 Correlation
🔸 Application Revenues
🔸 New Token Launches
🔸 Memecoins Growth
…and more.
Read here ⬇️
https://www.binance.com/en/research/analysis/monthly-market-insights-2024-11
Binance Research
06 Nov, 12:37
In case you missed it:
- Donald Trump is returning to the White House (Inauguration is in Jan 2025).
- The Republicans look likely to control both the Senate and the House.
- Overall, these give the Republicans powerful leverage in policy making (e.g., tax/fiscal spending).
Here's how the markets have reacted:
- Crypto market is on fire: BTC hit a new ATH, with altcoins and memecoins rallying. Trump's win is seen by many as positive for crypto. Remember, he also has crypto exposure through his NFT collections and World Liberty Financial (DeFi).
- Equity markets are up: Stock futures are positive, with S&P 500 on track for a potential record high. Trump's plans for deregulation, tax cuts and increased government spending is expected to stimulate the economy. Though, look out for higher tariffs.
- Higher treasury yields/long-term interest rates: 10-year yields have surged to 4.5%, a six-month high, driven by expectations that Trump's agenda could drive inflation higher (here we go again).
- Stronger U.S. dollar: At risk of over simplification, higher inflation = higher interest rates = stronger dollar.
- China stocks/Yuan feeling the impact: The yuan declined 1% v.s. USD, marking its largest decline in over a year. China H-shares tumbled, with the Hang Seng China Enterprises Index (HSCEI) down around 2.6% today.
What's next:
- Short-term: Expect more volatility in the coming days. Markets have the tendency to whipsaw. Liquidations may cause huge moves in the market.
- Medium-term: More fiscal spending, lower taxes, supportive regulations (hopefully) bode well for crypto.
- Others: Fed's FOMC meeting happens on Thursday. Markets still expect a 0.25% rate cut, which aligns with our view. However, we expect the number of rate cuts ahead to be fewer than initially expected, especially if inflation picks up with increased spending.
- Donald Trump is returning to the White House (Inauguration is in Jan 2025).
- The Republicans look likely to control both the Senate and the House.
- Overall, these give the Republicans powerful leverage in policy making (e.g., tax/fiscal spending).
Here's how the markets have reacted:
- Crypto market is on fire: BTC hit a new ATH, with altcoins and memecoins rallying. Trump's win is seen by many as positive for crypto. Remember, he also has crypto exposure through his NFT collections and World Liberty Financial (DeFi).
- Equity markets are up: Stock futures are positive, with S&P 500 on track for a potential record high. Trump's plans for deregulation, tax cuts and increased government spending is expected to stimulate the economy. Though, look out for higher tariffs.
- Higher treasury yields/long-term interest rates: 10-year yields have surged to 4.5%, a six-month high, driven by expectations that Trump's agenda could drive inflation higher (here we go again).
- Stronger U.S. dollar: At risk of over simplification, higher inflation = higher interest rates = stronger dollar.
- China stocks/Yuan feeling the impact: The yuan declined 1% v.s. USD, marking its largest decline in over a year. China H-shares tumbled, with the Hang Seng China Enterprises Index (HSCEI) down around 2.6% today.
What's next:
- Short-term: Expect more volatility in the coming days. Markets have the tendency to whipsaw. Liquidations may cause huge moves in the market.
- Medium-term: More fiscal spending, lower taxes, supportive regulations (hopefully) bode well for crypto.
- Others: Fed's FOMC meeting happens on Thursday. Markets still expect a 0.25% rate cut, which aligns with our view. However, we expect the number of rate cuts ahead to be fewer than initially expected, especially if inflation picks up with increased spending.
Binance Research
04 Nov, 20:48
Memecoins - love them or hate them, they're certainly the talk of the town.
Dive into an analysis of the rise of memecoins, and their potential impact on the crypto industry.
Check it out ⬇️
https://www.binance.com/en/research/analysis/understanding-the-rise-of-memecoins/
Dive into an analysis of the rise of memecoins, and their potential impact on the crypto industry.
Check it out ⬇️
https://www.binance.com/en/research/analysis/understanding-the-rise-of-memecoins/
Binance Research
01 Nov, 11:58
Highlights 🧵:
1/ Binance has announced a partnership with Amazon Web Services (“AWS”) to leverage its generative AI capabilities for improving user onboarding, customer support, and internal system diagnostics. This collaboration has already led to significant improvements and Binance plans to further expand the use of AWS's generative AI technologies across various operational domains to drive innovation.
2/ The U.S. Treasury Department highlighted in its Q4 2024 Fiscal Year Report that stablecoin growth drove increased demand for U.S. Treasuries, estimating that US$120B of stablecoin collateral is invested in Treasuries. Tether, the largest stablecoin issuer, reportedly holds US$81 billion in T-bills.
3/ The U.S. Securities and Exchange Commission (“SEC”) has issued a Wells notice to blockchain gaming platform Immutable, signaling potential enforcement action. The notice allegedly concerns the listing and private sales of the platform's native IMX token in 2021. Immutable has vowed to contest the notice, arguing that the SEC's allegations are unfounded.
1/ Binance has announced a partnership with Amazon Web Services (“AWS”) to leverage its generative AI capabilities for improving user onboarding, customer support, and internal system diagnostics. This collaboration has already led to significant improvements and Binance plans to further expand the use of AWS's generative AI technologies across various operational domains to drive innovation.
2/ The U.S. Treasury Department highlighted in its Q4 2024 Fiscal Year Report that stablecoin growth drove increased demand for U.S. Treasuries, estimating that US$120B of stablecoin collateral is invested in Treasuries. Tether, the largest stablecoin issuer, reportedly holds US$81 billion in T-bills.
3/ The U.S. Securities and Exchange Commission (“SEC”) has issued a Wells notice to blockchain gaming platform Immutable, signaling potential enforcement action. The notice allegedly concerns the listing and private sales of the platform's native IMX token in 2021. Immutable has vowed to contest the notice, arguing that the SEC's allegations are unfounded.
Binance Research
25 Oct, 14:38
In under a year, spot #Bitcoin ETFs have drawn US$18.9B+ in net inflows, now holding US$63.3B, making them the third-largest segment of BTC holders.
Our latest #Binance research dives deeper into how these ETFs are shaping crypto markets.
Check it out ⬇️
https://www.binance.com/en/research/analysis/spot-etfs-in-crypto-markets
Our latest #Binance research dives deeper into how these ETFs are shaping crypto markets.
Check it out ⬇️
https://www.binance.com/en/research/analysis/spot-etfs-in-crypto-markets
Binance Research
25 Oct, 12:12
Highlights 🧵:
1/ Stripe acquired stablecoin platform Bridge for US$1.1B, furthering its expansion into digital asset infrastructure. This move underscores Stripe's commitment to stablecoins and crypto, aiming to streamline stablecoin transactions for businesses and highlighting the growing importance of them in the financial sector.
2/ VanEck introduced staking rewards for its Solana exchange-traded note in Europe, allowing investors to earn passive income that is auto-reinvested daily. This non-custodial process has a 25% staking fee deducted before adding rewards to the ETN's NAV, ensuring max liquidity and proportional reward distribution. Meanwhile, VanEck is awaiting SEC approval for a Solana ETF in the U.S., which will not include staking rewards.
3/ ApeChain launched mainnet on Arbitrum Orbit, introducing native staking yield to APE holders. Apechain is also integrated with LayerZero for cross-chain capabilities. Yuga Labs, in partnership with Wire Network, aims to enhance creator capabilities on ApeChain with AI-driven tools. Additional features include the Yuga ID for simplified account management.
1/ Stripe acquired stablecoin platform Bridge for US$1.1B, furthering its expansion into digital asset infrastructure. This move underscores Stripe's commitment to stablecoins and crypto, aiming to streamline stablecoin transactions for businesses and highlighting the growing importance of them in the financial sector.
2/ VanEck introduced staking rewards for its Solana exchange-traded note in Europe, allowing investors to earn passive income that is auto-reinvested daily. This non-custodial process has a 25% staking fee deducted before adding rewards to the ETN's NAV, ensuring max liquidity and proportional reward distribution. Meanwhile, VanEck is awaiting SEC approval for a Solana ETF in the U.S., which will not include staking rewards.
3/ ApeChain launched mainnet on Arbitrum Orbit, introducing native staking yield to APE holders. Apechain is also integrated with LayerZero for cross-chain capabilities. Yuga Labs, in partnership with Wire Network, aims to enhance creator capabilities on ApeChain with AI-driven tools. Additional features include the Yuga ID for simplified account management.
Binance Research
18 Oct, 11:58
Highlights 🧵:
1/ Radiant Capital, a multichain lending protocol, lost over US$50M in a security exploit. The attacker gained control of the protocol by obtaining three out of 11 private keys needed to upgrade its smart contracts. This is the second exploit Radiant has faced this year, following a US$4.5M loss in January.
2/ Worldcoin has rebranded to "World," and introduced a new version of its Orb biometric scanning device, which is now more efficient and powerful, and will eventually be available in self-service kiosks. World also revealed new identity verification options, including NFC-enabled passport verification and a service called World ID Deep Face to combat deepfakes. The company has reached 15 million users, with seven million verified.
3/ According to CryptoQuant, Bitcoin exchange reserves have dropped to their lowest levels since October 2021, with over 51,000 BTC withdrawn from major exchanges in the past month. The decline is partly due to the Mt. Gox distribution and Coinbase reserves moving to institutional custody, as well as investors transferring BTC to cold storage.
1/ Radiant Capital, a multichain lending protocol, lost over US$50M in a security exploit. The attacker gained control of the protocol by obtaining three out of 11 private keys needed to upgrade its smart contracts. This is the second exploit Radiant has faced this year, following a US$4.5M loss in January.
2/ Worldcoin has rebranded to "World," and introduced a new version of its Orb biometric scanning device, which is now more efficient and powerful, and will eventually be available in self-service kiosks. World also revealed new identity verification options, including NFC-enabled passport verification and a service called World ID Deep Face to combat deepfakes. The company has reached 15 million users, with seven million verified.
3/ According to CryptoQuant, Bitcoin exchange reserves have dropped to their lowest levels since October 2021, with over 51,000 BTC withdrawn from major exchanges in the past month. The decline is partly due to the Mt. Gox distribution and Coinbase reserves moving to institutional custody, as well as investors transferring BTC to cold storage.
Binance Research
16 Oct, 08:20
Stablecoins have proven to be a significant use case in the blockchain industry.
In our latest report, we provide an overview of global stablecoin regulation, focusing on 6 major jurisdictions.
Dive in here ⬇️
https://www.binance.com/en/research/analysis/overview-of-global-stablecoin-regulation
In our latest report, we provide an overview of global stablecoin regulation, focusing on 6 major jurisdictions.
Dive in here ⬇️
https://www.binance.com/en/research/analysis/overview-of-global-stablecoin-regulation
Binance Research
11 Oct, 10:58
Highlights 🧵:
1/ Uniswap Labs has introduced Unichain, a new L2 developed using the OP Stack, designed to enhance transaction speed, cost-efficiency, and liquidity. Unichain will feature one-second block times, 250ms sub-blocks, and will be part of Optimism’s Superchain.
2/ Solana has led in token creation, accounting for 87% of new tokens since September. Platforms like Pump.fun have made it easier to create tokens at low costs, contributing to Solana's dominance. Despite the launch of a competitor on Tron, Solana remains the top platform for new token launches, though it faces potential risks from declining volumes as the memecoin market slows down.
3/ According to a survey by Alternative Investment Management Association (AIMA) and PwC, 47% of traditional hedge funds now have exposure to crypto, up from 29% last year. In 2024, 58% of active crypto funds traded derivatives, up from 38% in 2023, while spot market trading dropped to 25% from a peak of 69% last year. Among those already invested, 67% plan to maintain their current holdings, while the rest intend to increase their investments by year-end.
1/ Uniswap Labs has introduced Unichain, a new L2 developed using the OP Stack, designed to enhance transaction speed, cost-efficiency, and liquidity. Unichain will feature one-second block times, 250ms sub-blocks, and will be part of Optimism’s Superchain.
2/ Solana has led in token creation, accounting for 87% of new tokens since September. Platforms like Pump.fun have made it easier to create tokens at low costs, contributing to Solana's dominance. Despite the launch of a competitor on Tron, Solana remains the top platform for new token launches, though it faces potential risks from declining volumes as the memecoin market slows down.
3/ According to a survey by Alternative Investment Management Association (AIMA) and PwC, 47% of traditional hedge funds now have exposure to crypto, up from 29% last year. In 2024, 58% of active crypto funds traded derivatives, up from 38% in 2023, while spot market trading dropped to 25% from a peak of 69% last year. Among those already invested, 67% plan to maintain their current holdings, while the rest intend to increase their investments by year-end.
Binance Research
05 Oct, 13:00
Time to look at October's market insights!
Discover the current market landscape and key insights on:
🔸 Wrapped BTC
🔸 ETH Issuance
🔸 Real-World Assets
🔸 Crypto Hacks
…and more.
Read here ⬇️
https://www.binance.com/en/research/analysis/monthly-market-insights-2024-10
Discover the current market landscape and key insights on:
🔸 Wrapped BTC
🔸 ETH Issuance
🔸 Real-World Assets
🔸 Crypto Hacks
…and more.
Read here ⬇️
https://www.binance.com/en/research/analysis/monthly-market-insights-2024-10
Binance Research
04 Oct, 12:55
1/ Visa has introduced the Visa Tokenized Asset Platform (“VTAP”), a new product designed to help banks issue and manage fiat-backed tokens on blockchains. Major international bank, BBVA, will be among the first to use VTAP, creating tokens on Ethereum with live pilots expected in 2025.
2/ Bitwise has filed the first Form S-1 for a spot XRP ETF with the U.S. SEC. If approved, the ETF will provide direct exposure to the value of XRP. Additionally, Ripple has received in-principle license approval from the Dubai Financial Service Authority, allowing it to establish a presence in the UAE for cross-border payment services.
3/ Beginning in 2025, banks in North America, Europe, and Asia will use Swift's network to conduct live trials of digital asset and currency transactions. These trials aim to demonstrate Swift's ability to facilitate the transfers of value between over four billion accounts across 200 countries and territories. The focus will be on payments, FX, securities, and trade.
2/ Bitwise has filed the first Form S-1 for a spot XRP ETF with the U.S. SEC. If approved, the ETF will provide direct exposure to the value of XRP. Additionally, Ripple has received in-principle license approval from the Dubai Financial Service Authority, allowing it to establish a presence in the UAE for cross-border payment services.
3/ Beginning in 2025, banks in North America, Europe, and Asia will use Swift's network to conduct live trials of digital asset and currency transactions. These trials aim to demonstrate Swift's ability to facilitate the transfers of value between over four billion accounts across 200 countries and territories. The focus will be on payments, FX, securities, and trade.
Binance Research
03 Oct, 14:06
Curious about the latest buzz in the crypto community?
Our latest report dives into key insights on valuation, centralization risks, transparency in fund usage, and the rationale for rebranding.
Check it out ⬇️
https://www.binance.com/en/research/analysis/industry-observation-valuation-centralization-transparency-and-rebranding
Our latest report dives into key insights on valuation, centralization risks, transparency in fund usage, and the rationale for rebranding.
Check it out ⬇️
https://www.binance.com/en/research/analysis/industry-observation-valuation-centralization-transparency-and-rebranding
Binance Research
28 Sep, 07:52
1/ Binance has introduced "Binance Pre-Market," a new service that allows users to trade tokens before their official spot market listing. The first Pre-Market project will be announced soon, offering early market entry and additional utilities for Launchpool participants.
2/ Ethena has announced the launch of a new stablecoin, UStb, which will invest its reserves in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). UStb is designed to support Ethena’s first stablecoin, USDe, during volatile market conditions by allowing Ethena’s governance to reallocate assets to UStb, thereby managing risk more effectively.
3/ In response to PYUSD's sharp 30% drop in market cap this week, PayPal has announced that U.S. merchants can now buy, hold, and sell cryptocurrency directly from their PayPal business accounts. Additionally, PayPal business account holders can now transfer cryptocurrency externally to third-party eligible wallets.
2/ Ethena has announced the launch of a new stablecoin, UStb, which will invest its reserves in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). UStb is designed to support Ethena’s first stablecoin, USDe, during volatile market conditions by allowing Ethena’s governance to reallocate assets to UStb, thereby managing risk more effectively.
3/ In response to PYUSD's sharp 30% drop in market cap this week, PayPal has announced that U.S. merchants can now buy, hold, and sell cryptocurrency directly from their PayPal business accounts. Additionally, PayPal business account holders can now transfer cryptocurrency externally to third-party eligible wallets.
Binance Research
21 Sep, 05:38
In our latest report, we provide an overview of the crypto industry by highlighting projects across multiple sectors.
We spotlight themes from Consumer Crypto, DePIN, Real-World Assets, and others in this report.
Check it out 🔽
https://www.binance.com/en/research/analysis/industry-map-sep24
We spotlight themes from Consumer Crypto, DePIN, Real-World Assets, and others in this report.
Check it out 🔽
https://www.binance.com/en/research/analysis/industry-map-sep24
Binance Research
20 Sep, 19:16
Highlights 🧵:
1/ BlackRock has released a whitepaper emphasizing Bitcoin's role as a "unique diversifier" against fiscal, monetary, and geopolitical risks. The paper notes that Bitcoin has outperformed all major asset classes in seven of the last ten years. Despite its volatility and classification as a "risky" asset, Bitcoin's price movements reflect its evolving potential as a global monetary alternative.
2/ Phantom Wallet has launched a new feature allowing users to create custom usernames, facilitating easier identity creation, account syncing, and crypto transfers.
3/ A U.S. court dismissed Consensys' lawsuit against the SEC, siding with the agency on all counts. The case, which began in April, involved Consensys challenging the SEC's categorization of ETH as a security and its scrutiny of MetaMask. Despite the SEC closing its investigation into Ethereum in June, the judge ruled that the SEC's actions regarding MetaMask were not final and dismissed the claims on ripeness grounds.
1/ BlackRock has released a whitepaper emphasizing Bitcoin's role as a "unique diversifier" against fiscal, monetary, and geopolitical risks. The paper notes that Bitcoin has outperformed all major asset classes in seven of the last ten years. Despite its volatility and classification as a "risky" asset, Bitcoin's price movements reflect its evolving potential as a global monetary alternative.
2/ Phantom Wallet has launched a new feature allowing users to create custom usernames, facilitating easier identity creation, account syncing, and crypto transfers.
3/ A U.S. court dismissed Consensys' lawsuit against the SEC, siding with the agency on all counts. The case, which began in April, involved Consensys challenging the SEC's categorization of ETH as a security and its scrutiny of MetaMask. Despite the SEC closing its investigation into Ethereum in June, the judge ruled that the SEC's actions regarding MetaMask were not final and dismissed the claims on ripeness grounds.
Binance Research
13 Sep, 15:24
Highlights 🧵:
1/ Binance has launched BNSOL, a liquid staking token for SOL, allowing users to stake their SOL tokens and receive BNSOL in return. BNSOL enables users to earn staking rewards while maintaining the flexibility to trade, lend, or use their assets across Binance products and external DeFi platforms.
2/ Friend.Tech has effectively shut down after its developers renounced control over its smart contracts. Despite its early success, the platform struggled to maintain engagement following an underwhelming airdrop and the launch of V2. The revocation of control locks the current system in place, making future updates and new features unlikely, and casting doubt on the platform's revival.
3/ Ether.fi has announced the launch of its blockchain-based credit card, Ether.fi Cash, in partnership with Scroll, an Ethereum L2. The card, which will start shipping in September, offers 3% cash-back on all transactions and allows users to borrow money against their crypto collateral.
1/ Binance has launched BNSOL, a liquid staking token for SOL, allowing users to stake their SOL tokens and receive BNSOL in return. BNSOL enables users to earn staking rewards while maintaining the flexibility to trade, lend, or use their assets across Binance products and external DeFi platforms.
2/ Friend.Tech has effectively shut down after its developers renounced control over its smart contracts. Despite its early success, the platform struggled to maintain engagement following an underwhelming airdrop and the launch of V2. The revocation of control locks the current system in place, making future updates and new features unlikely, and casting doubt on the platform's revival.
3/ Ether.fi has announced the launch of its blockchain-based credit card, Ether.fi Cash, in partnership with Scroll, an Ethereum L2. The card, which will start shipping in September, offers 3% cash-back on all transactions and allows users to borrow money against their crypto collateral.
Binance Research
13 Sep, 09:59
On-chain real-world assets ("RWAs") have reached an all-time high.
Our new report explores this recent growth, outlines key RWA categories, and provides a tech-driven tour of some of the most interesting protocols in the space.
Read on 🔽
https://www.binance.com/en/research/analysis/rwas-a-safe-haven-for-onchain-yields
Our new report explores this recent growth, outlines key RWA categories, and provides a tech-driven tour of some of the most interesting protocols in the space.
Read on 🔽
https://www.binance.com/en/research/analysis/rwas-a-safe-haven-for-onchain-yields
Binance Research
06 Sep, 11:11
Highlights 🧵:
1/ Uniswap Labs settled US$175K charges with the U.S. Commodity Futures Trading Commission (CFTC) over illegal derivatives trading. The CFTC stated that Uniswap Labs allowed users to trade leveraged tokens without proper registration, violating commodities laws.
2/ Mastercard launched a euro-denominated crypto debit card in partnership with Mercuryo, to enable spending from self-custodial wallets. Following a pilot of a crypto debit card with the major self-custodial MetaMask wallet in August, Mastercard remains committed to eliminating the barriers between blockchain and conventional payments.
3/ Penpie encountered a security exploit that resulted in a US$27M loss in assets, including wstETH, sUSDe, agETH, rswETH, and other Pendle-related YT tokens. In response, the Pendle team swiftly paused their contracts, preventing a further loss of US$105M in assets that could have been further drained.
1/ Uniswap Labs settled US$175K charges with the U.S. Commodity Futures Trading Commission (CFTC) over illegal derivatives trading. The CFTC stated that Uniswap Labs allowed users to trade leveraged tokens without proper registration, violating commodities laws.
2/ Mastercard launched a euro-denominated crypto debit card in partnership with Mercuryo, to enable spending from self-custodial wallets. Following a pilot of a crypto debit card with the major self-custodial MetaMask wallet in August, Mastercard remains committed to eliminating the barriers between blockchain and conventional payments.
3/ Penpie encountered a security exploit that resulted in a US$27M loss in assets, including wstETH, sUSDe, agETH, rswETH, and other Pendle-related YT tokens. In response, the Pendle team swiftly paused their contracts, preventing a further loss of US$105M in assets that could have been further drained.
Binance Research
30 Aug, 22:25
Payments is a massive, fast-growing, global industry that still remains tethered to 50 year old infrastructure.
Our latest report dives into some of the modern problems with the global payments infrastructure, and how blockchain technology can address them.
Read on 🔽
https://www.binance.com/en/research/analysis/blockchain-payments-a-fresh-start
Our latest report dives into some of the modern problems with the global payments infrastructure, and how blockchain technology can address them.
Read on 🔽
https://www.binance.com/en/research/analysis/blockchain-payments-a-fresh-start
Binance Research
30 Aug, 09:41
Highlights 🧵:
1/ MakerDAO has rebranded to Sky and is set to launch its new stablecoin, USDS along with its governance token, SKY on 18 Sep. This rebranding is part of MakerDAO’s "Endgame", aimed at simplifying user experience and expanding its DeFi offerings. MakerDAO will also introduce "Sky Stars," independent decentralized projects within its ecosystem, starting with the DAI-focused lender, Spark.
2/ OpenSea received a Wells notice from the U.S. SEC, which classified NFTs sold on its platform as unregistered securities. OpenSea is prepared to go to court and has pledged US$5M to help cover legal fees for NFT creators and developers who receive similar notices.
3/ Stacks has launched the Nakamoto upgrade, designed to enhance transaction speeds and introduce sBTC, a Bitcoin-pegged asset secured by the Bitcoin network. Expected to be completed by mid-September, the upgrade will decouple the Stacks network’s block production from Bitcoin, increasing block production by 120 times.
1/ MakerDAO has rebranded to Sky and is set to launch its new stablecoin, USDS along with its governance token, SKY on 18 Sep. This rebranding is part of MakerDAO’s "Endgame", aimed at simplifying user experience and expanding its DeFi offerings. MakerDAO will also introduce "Sky Stars," independent decentralized projects within its ecosystem, starting with the DAI-focused lender, Spark.
2/ OpenSea received a Wells notice from the U.S. SEC, which classified NFTs sold on its platform as unregistered securities. OpenSea is prepared to go to court and has pledged US$5M to help cover legal fees for NFT creators and developers who receive similar notices.
3/ Stacks has launched the Nakamoto upgrade, designed to enhance transaction speeds and introduce sBTC, a Bitcoin-pegged asset secured by the Bitcoin network. Expected to be completed by mid-September, the upgrade will decouple the Stacks network’s block production from Bitcoin, increasing block production by 120 times.
Binance Research
29 Aug, 13:11
Web3 adoption is under 1% globally, with user retention still lagging. It’s time for consumer-facing apps to bring Web3 to everyday users.
Our Binance research explores how use cases and distribution are key to making Web3 a household name.
Read on 🔽
https://www.binance.com/en/research/analysis/web3-the-household-name-in-the-making
Our Binance research explores how use cases and distribution are key to making Web3 a household name.
Read on 🔽
https://www.binance.com/en/research/analysis/web3-the-household-name-in-the-making
Binance Research
23 Aug, 13:58
Highlights 🧵:
1/ Tether announced a stablecoin pegged to the UAE Dirham, in collaboration with Phoenix Group. The Dirham-pegged token will adhere to Tether’s reserve standards, ensuring stability and confidence in its value, and will seek licensing under the UAE Central Bank’s Payment Token Services Regulation.
2/ Arbitrum DAO has approved a preliminary proposal to introduce ARB token staking and enhance its utility, with 91% approval from over 25K participants. The initiative will allow ARB holders to stake and delegate their tokens in exchange for a liquid staked ARB token (stARB), enabling auto-compounding of rewards and DeFi compatibility.
3/ Magic Eden has announced the launch of its ecosystem token ME, which is set to enhance user incentives and support cross-chain trading. ME will be claimed exclusively through the Magic Eden Wallet and aims to advance cross-chain protocols and community-led governance, with further details on its utility and tokenomics to be revealed later.
1/ Tether announced a stablecoin pegged to the UAE Dirham, in collaboration with Phoenix Group. The Dirham-pegged token will adhere to Tether’s reserve standards, ensuring stability and confidence in its value, and will seek licensing under the UAE Central Bank’s Payment Token Services Regulation.
2/ Arbitrum DAO has approved a preliminary proposal to introduce ARB token staking and enhance its utility, with 91% approval from over 25K participants. The initiative will allow ARB holders to stake and delegate their tokens in exchange for a liquid staked ARB token (stARB), enabling auto-compounding of rewards and DeFi compatibility.
3/ Magic Eden has announced the launch of its ecosystem token ME, which is set to enhance user incentives and support cross-chain trading. ME will be claimed exclusively through the Magic Eden Wallet and aims to advance cross-chain protocols and community-led governance, with further details on its utility and tokenomics to be revealed later.
Binance Research
16 Aug, 11:36
Highlights 🧵:
1/ This week has delivered several positive economic indicators for the U.S., including annual inflation in July slowing to its lowest level since March 2021. Weekly jobless claims fell to 227,000, and retail sales rose by 1.0% in July, marking the largest increase in 1.5 years. As a result, the U.S. stock market has regained much of its losses over the past two weeks.
2/ Nonetheless, total crypto market cap is down over 5% this week, and DeFi TVL has fallen by nearly 9%. Overall sentiment in the crypto market remains muted, and the market sold off on the back of the U.S. government transferring 10,000 BTC to Coinbase Prime and news of Jump Trading offloading 17,000 ETH.
3/ DBS has launched a pilot for DBS Treasury Tokens, a treasury and liquidity management solution, in partnership with Ant International. Separately, MetaMask, in collaboration with Mastercard and Baanx, has launched the pilot of the MetaMask Card, allowing direct spending from one’s MetaMask wallet.
1/ This week has delivered several positive economic indicators for the U.S., including annual inflation in July slowing to its lowest level since March 2021. Weekly jobless claims fell to 227,000, and retail sales rose by 1.0% in July, marking the largest increase in 1.5 years. As a result, the U.S. stock market has regained much of its losses over the past two weeks.
2/ Nonetheless, total crypto market cap is down over 5% this week, and DeFi TVL has fallen by nearly 9%. Overall sentiment in the crypto market remains muted, and the market sold off on the back of the U.S. government transferring 10,000 BTC to Coinbase Prime and news of Jump Trading offloading 17,000 ETH.
3/ DBS has launched a pilot for DBS Treasury Tokens, a treasury and liquidity management solution, in partnership with Ant International. Separately, MetaMask, in collaboration with Mastercard and Baanx, has launched the pilot of the MetaMask Card, allowing direct spending from one’s MetaMask wallet.
Binance Research
09 Aug, 16:11
Highlights 🧵:
1/ Ripple Labs has been fined $125 million after a federal judge ruled that 1,278 sales of the XRP token violated securities laws. "This is a victory for Ripple, the industry and the rule of law," tweeted Ripple CEO Brad Garlinghouse as the federal court reduced the SEC's ask of US$2B by 94%.
2/ Immutable announced the retirement of its IMX marketplace on 13 Aug, to concentrate on expanding its ecosystem. The company noted that several projects have already been created and grown using its platform, emphasizing their preference to support these projects rather than compete.
3/ Franklin Templeton has expanded its tokenized money fund, the Franklin OnChain US Government Money Fund (FOBXX), on the Arbitrum network. Users can now acquire and hold the fund’s tokenized shares on Arbitrum, in addition to other networks like Stellar and Polygon. The launch aims to enhance the accessibility of Franklin Templeton's tokenized RWAs, with plans to expand to new chains in the future.
1/ Ripple Labs has been fined $125 million after a federal judge ruled that 1,278 sales of the XRP token violated securities laws. "This is a victory for Ripple, the industry and the rule of law," tweeted Ripple CEO Brad Garlinghouse as the federal court reduced the SEC's ask of US$2B by 94%.
2/ Immutable announced the retirement of its IMX marketplace on 13 Aug, to concentrate on expanding its ecosystem. The company noted that several projects have already been created and grown using its platform, emphasizing their preference to support these projects rather than compete.
3/ Franklin Templeton has expanded its tokenized money fund, the Franklin OnChain US Government Money Fund (FOBXX), on the Arbitrum network. Users can now acquire and hold the fund’s tokenized shares on Arbitrum, in addition to other networks like Stellar and Polygon. The launch aims to enhance the accessibility of Franklin Templeton's tokenized RWAs, with plans to expand to new chains in the future.
Binance Research
09 Aug, 08:44
To achieve sustainable growth, projects must deliver real value to users.
Dive into our latest report to see how achieving product-market fit, generating stable revenue, and providing real yields can drive long-term growth.
Read on 🔽
https://www.binance.com/en/research/analysis/reality-check-the-importance-of-providing-real-value
Dive into our latest report to see how achieving product-market fit, generating stable revenue, and providing real yields can drive long-term growth.
Read on 🔽
https://www.binance.com/en/research/analysis/reality-check-the-importance-of-providing-real-value
Binance Research
07 Aug, 16:29
Time to look at August's market insights!
Discover the current market landscape and key insights on:
🔸 Ether ETF flows
🔸 Record-high DEX-to-CEX ratios
🔸 Prediction markets hype
🔸 Stablecoin growth
…and more.
Discover the full report here ⬇️
https://www.binance.com/en/research/analysis/monthly-market-insights-2024-08
Discover the current market landscape and key insights on:
🔸 Ether ETF flows
🔸 Record-high DEX-to-CEX ratios
🔸 Prediction markets hype
🔸 Stablecoin growth
…and more.
Discover the full report here ⬇️
https://www.binance.com/en/research/analysis/monthly-market-insights-2024-08
Binance Research
05 Aug, 15:18
Stock and crypto markets are experiencing significant volatility.
In this short piece, we examine the market conditions that are unfolding currently, and provide a summary of some of its key drivers.
Read on 🔽
https://www.binance.com/en/research/analysis/the-market-downturn-what-happened-and-what-to-expect
In this short piece, we examine the market conditions that are unfolding currently, and provide a summary of some of its key drivers.
Read on 🔽
https://www.binance.com/en/research/analysis/the-market-downturn-what-happened-and-what-to-expect
Binance Research
02 Aug, 10:52
Highlights 🧵:
1/ Compound Finance resolved a governance conflict with crypto whale Humpy and The Golden Boys after Proposal 289, which aimed to allocate US$24M from Compound’s treasury to a yield-bearing protocol. The proposal faced criticism and accusations of vote manipulation and was withdrawn, while a new staking product was introduced to align with all parties' interests, distributing 30% of fresh token reserves annually to staked COMP holders.
2/ Sen. Cynthia Lummis introduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2024, aiming to establish a national Bitcoin reserve to strengthen the U.S. dollar's global financial position.
3/ Tether, the leading stablecoin firm, reported a record net profit of US$5.2B for the first half of 2024, with a net operating profit of US$1.3B in Q2, driven by yield-bearing investments and reserves. Tether's USDT is the largest stablecoin with a market cap of nearly US$115B.
1/ Compound Finance resolved a governance conflict with crypto whale Humpy and The Golden Boys after Proposal 289, which aimed to allocate US$24M from Compound’s treasury to a yield-bearing protocol. The proposal faced criticism and accusations of vote manipulation and was withdrawn, while a new staking product was introduced to align with all parties' interests, distributing 30% of fresh token reserves annually to staked COMP holders.
2/ Sen. Cynthia Lummis introduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2024, aiming to establish a national Bitcoin reserve to strengthen the U.S. dollar's global financial position.
3/ Tether, the leading stablecoin firm, reported a record net profit of US$5.2B for the first half of 2024, with a net operating profit of US$1.3B in Q2, driven by yield-bearing investments and reserves. Tether's USDT is the largest stablecoin with a market cap of nearly US$115B.
Binance Research
01 Aug, 11:08
It has been a strong year for crypto, with major developments across the board.
From spot #Bitcoin and Ether ETFs, to rising stablecoin supply and surging prediction markets.
In our new piece, we look at the top 10 charts from H1 2024.
Check it out ⤵️
https://www.binance.com/en/research/analysis/top-h1-charts
From spot #Bitcoin and Ether ETFs, to rising stablecoin supply and surging prediction markets.
In our new piece, we look at the top 10 charts from H1 2024.
Check it out ⤵️
https://www.binance.com/en/research/analysis/top-h1-charts
Binance Research
26 Jul, 11:10
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ Tokenization Platform Libre expanded to Solana, offering access to the on-chain Hamilton Lane SCOPE fund, the Brevan Howard Master Fund, and the Blackrock ICS Money Market Fund. As the first RWA fund on Solana, Libre’s expansion has amassed nearly US$20 million in TVL even before its public launch.
2/ Jito announced Jito Restaking, a platform for hybrid staking, restaking, and LRTs. The protocol will consist of two main components, the vault program which handles Liquid Restaking Tokens ("LRTs") and the restaking program which manages Jito's Actively Validated Services ("AVS"). The Jito Foundation has submitted the code for audits and published the open-source code on GitHub for independent developer review.
3/ Binance U.S. has obtained court approval from the District Court of Columbia to invest customer assets in U.S. Treasury Bills.
Highlights 🧵:
1/ Tokenization Platform Libre expanded to Solana, offering access to the on-chain Hamilton Lane SCOPE fund, the Brevan Howard Master Fund, and the Blackrock ICS Money Market Fund. As the first RWA fund on Solana, Libre’s expansion has amassed nearly US$20 million in TVL even before its public launch.
2/ Jito announced Jito Restaking, a platform for hybrid staking, restaking, and LRTs. The protocol will consist of two main components, the vault program which handles Liquid Restaking Tokens ("LRTs") and the restaking program which manages Jito's Actively Validated Services ("AVS"). The Jito Foundation has submitted the code for audits and published the open-source code on GitHub for independent developer review.
3/ Binance U.S. has obtained court approval from the District Court of Columbia to invest customer assets in U.S. Treasury Bills.
Binance Research
25 Jul, 10:55
Want some insight into the state of crypto in Q2 2024?
Look no further than our latest #Binance Research market pulse report, where we cover it all 🫡
Check it out ⤵️
https://www.binance.com/en/research/analysis/2q24-market-pulse
Look no further than our latest #Binance Research market pulse report, where we cover it all 🫡
Check it out ⤵️
https://www.binance.com/en/research/analysis/2q24-market-pulse
Binance Research
19 Jul, 13:39
1/ Grayscale launched a decentralized AI fund, seeking to enhance investment opportunities in the AI landscape. The fund holds a basket of AI crypto tokens including NEAR, FIL, RNDR, LPT, and TAO, aiming to finance AI services, centralized AI solutions, and AI-related infrastructure.
2/ Li.Fi experienced a US$11M exploit due to a smart contract vulnerability in the Li.Fi bridge. The team released an incident report, stating that the vulnerability allowed the attacker to gain unauthorized access to self-custodial wallets that had set infinite token approval for the Li.Fi contract. The project will work on a voluntary compensation to reimburse 100% of the funds.
3/ Stripe has expanded into the European market, allowing users to purchase cryptocurrencies using a credit or debit card. “Now, merchants who rely on Stripe’s onramp for things like conversion optimization, identity verification, and fraud prevention can reach a more global audience." stated John Egan, Head of Crypto at Stripe.
2/ Li.Fi experienced a US$11M exploit due to a smart contract vulnerability in the Li.Fi bridge. The team released an incident report, stating that the vulnerability allowed the attacker to gain unauthorized access to self-custodial wallets that had set infinite token approval for the Li.Fi contract. The project will work on a voluntary compensation to reimburse 100% of the funds.
3/ Stripe has expanded into the European market, allowing users to purchase cryptocurrencies using a credit or debit card. “Now, merchants who rely on Stripe’s onramp for things like conversion optimization, identity verification, and fraud prevention can reach a more global audience." stated John Egan, Head of Crypto at Stripe.
Binance Research
19 Jul, 08:34
Despite a recent upswing, the crypto market has largely been rangebound and is still down from its peak in March.
Curious about what's happening? We introduce our CPT framework and examine a few short- and long-term drivers in this report.
Read on 🔽
https://www.binance.com/en/research/analysis/whats-driving-the-crypto-market-introducing-our-cpt-framework
Curious about what's happening? We introduce our CPT framework and examine a few short- and long-term drivers in this report.
Read on 🔽
https://www.binance.com/en/research/analysis/whats-driving-the-crypto-market-introducing-our-cpt-framework
Binance Research
16 Jul, 14:03
#Binance Research presents our comprehensive industry report for the first half of 2024.
Discover the top crypto dynamics of early 2024 and key trends for the rest of the year.
Check it out 🔽
https://www.binance.com/en/research/analysis/half-year-report-2024
Discover the top crypto dynamics of early 2024 and key trends for the rest of the year.
Check it out 🔽
https://www.binance.com/en/research/analysis/half-year-report-2024
Binance Research
12 Jul, 10:29
1/ U.S. CPI inflation came in at 3.0%, below the expected 3.1%, marking the third consecutive month of declining inflation and the lowest reading since early 2021. This brings CPI just 1% away from the Federal Reserve’s 2% target and raised the likelihood of a September interest rate cut to over 80%. The Producer Price Index (PPI) will be released on July 12, with PCE inflation data following on July 26.
2/ U.S. Commodities Futures Trading Commission (CFTC) Chairman Rostin Behnam reiterated that Bitcoin and Ethereum are commodities under the Commodity Exchange Act, stating that 70-80% of cryptocurrencies in the market are not securities.
3/ TON announced an EVM-compatible Layer-2 Network on Tuesday at EthCC in Belgium. The TON Applications Chain (TAC) will build on Polygon’s CDK and Agglayer, aiming to allow Ethereum developers to build decentralized applications for Telegram users while tapping on the seamless availability of liquidity from EVM chains.
2/ U.S. Commodities Futures Trading Commission (CFTC) Chairman Rostin Behnam reiterated that Bitcoin and Ethereum are commodities under the Commodity Exchange Act, stating that 70-80% of cryptocurrencies in the market are not securities.
3/ TON announced an EVM-compatible Layer-2 Network on Tuesday at EthCC in Belgium. The TON Applications Chain (TAC) will build on Polygon’s CDK and Agglayer, aiming to allow Ethereum developers to build decentralized applications for Telegram users while tapping on the seamless availability of liquidity from EVM chains.
Binance Research
05 Jul, 11:26
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ Mt. Gox has started repayment distributions to creditors in BTC and BCH, transferring 47,228 BTC from its cold wallet to Bitbank and other wallets. The defunct exchange will be repaying over 140,000 BTC to victims of the 2014 hack after nearly a decade, causing marketwide concerns about potential selling pressure in the coming months.
2/ Pump fun surpassed Ethereum network's daily revenue on Jul 2 with approximately US$2M in fees generated on a single day. Pump fun’s cumulative revenue has soared over US$51.3M since its inception in March, with massive retail interest in memecoin trading on the Solana blockchain.
3/ The European Union’s Markets in Crypto Assets (MiCA) regulation for stablecoins entered into force on 29 Jun, with Circle being the first licensed stablecoin issuer under it. The MiCA regulation institutes uniform EU market rules for crypto-assets.
Highlights 🧵:
1/ Mt. Gox has started repayment distributions to creditors in BTC and BCH, transferring 47,228 BTC from its cold wallet to Bitbank and other wallets. The defunct exchange will be repaying over 140,000 BTC to victims of the 2014 hack after nearly a decade, causing marketwide concerns about potential selling pressure in the coming months.
2/ Pump fun surpassed Ethereum network's daily revenue on Jul 2 with approximately US$2M in fees generated on a single day. Pump fun’s cumulative revenue has soared over US$51.3M since its inception in March, with massive retail interest in memecoin trading on the Solana blockchain.
3/ The European Union’s Markets in Crypto Assets (MiCA) regulation for stablecoins entered into force on 29 Jun, with Circle being the first licensed stablecoin issuer under it. The MiCA regulation institutes uniform EU market rules for crypto-assets.
Binance Research
04 Jul, 12:45
Time to look at July's market insights!
Our team analyzed the state of the crypto market and provided key insights on Bitcoin sell pressure from miners, TON's growth, competition in the restaking landscape, and more.
Check it out ⬇️
https://www.binance.com/en/research/analysis/monthly-market-insights-2024-07
Our team analyzed the state of the crypto market and provided key insights on Bitcoin sell pressure from miners, TON's growth, competition in the restaking landscape, and more.
Check it out ⬇️
https://www.binance.com/en/research/analysis/monthly-market-insights-2024-07
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