Binance Research

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.

www.tgoop.com/BinanceResearch/749

4.2K viewsDec 27 at 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.

BY Binance Research