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.
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
Exploring the Future of AI Agents in Crypto
Exploring the convergence between AI agents and crypto, discussing origins, major projects, challenges, and future implications.
Binance Research pinned «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 ⬇️ htt…»
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.
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.
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
The Fed, Interest Rates, and the Economy: A Primer
A look at the Fed, interest rate cuts, major economic variables, and historical asset performance.
Binance Research pinned «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 ⬇️ h…»
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.
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
Monthly Market Insights - December 2024
A summary of the most important market developments, interesting charts and upcoming events.
Binance Research pinned «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…»
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.
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/
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.
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).
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
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.
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
Navigating Crypto: Industry Map
An overview of different verticals in crypto.
Binance Research pinned «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…»