Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

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

Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

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. By integrating AWS services like Amazon Bedrock and Amazon Elastic Container Service (“ECS”), Binance aims to streamline identity verification processes and automate user issue re

Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

Highlights 🧵:
1/ Stripe acquired stablecoin platform Bridge for US$1.1B, furthering its expansion into digital asset infrastructure. This acquisition represents a significant exit for venture investors, with Bridge's valuation having increased by over 200% since the previous funding round in August. This move underscores Stripe's commitment to stablecoins and crypto, aiming to streamline

Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

Highlights 🧵:
1/ Radiant Capital, a multichain lending protocol, lost over US$50M in a security exploit on 16 October. 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. Radiant has paused its markets on Base and Mainnet an

Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

Highlights 🧵:
1/ Uniswap Labs has introduced Unichain, a new Layer-2 network developed using Optimism's OP Stack, designed to enhance transaction speed, cost-efficiency, and liquidity. Scheduled to launch on a private testnet, Unichain will be part of the Superchain, a collective of Optimism-affiliated networks, and will feature one-second block times and 250ms sub-blocks. The network pl

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.
Read the full report here.
Highlights:
This report examines several observations in the crypto market, focusing on valuation, the risks associated with centralization, the need for i

Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

Highlights 🧵:
1/ Visa has introduced the Visa Tokenized Asset Platform (VTAP), a new product designed to help banks issue and manage fiat-backed tokens on blockchain networks. Banco Bilbao Vizcaya Argentaria (BBVA) will be among the first to use VTAP, creating tokens on the public Ethereum blockchain with live pilots expected in 2025. VTAP aims to facilitate seamless integration of fiat

Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

Highlights 🧵:
1/ Binance has introduced "Binance Pre-Market," a new service that allows users to trade tokens before their official spot market listing. This innovative feature, jointly launched by Binance Spot and Binance Launchpool, enables users to either divest their Launchpool rewards or acquire tokens in advance. The first Pre-Market project will be announced soon, offering early m

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.
Read the full report here.
Highlights:
The Industry Map provides an overview of the crypto ecosystem. In this report, we break down different verticals into subcategories, and lay out a few projects in each of them.In th

Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

Highlights 🧵:
1/ BlackRock, the Wall Street giant managing the largest spot Bitcoin ETF, has released a whitepaper emphasizing Bitcoin's role as a "unique diversifier" against fiscal, monetary, and geopolitical risks. The paper notes that Bitcoin, minimally impacted by macro factors, has outperformed all major asset classes in seven of the last ten years. Despite its volatility and class

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 the full report here.
Highlights:
Real-world assets (“RWAs”) refer to tokenized, on-chain versions of tangible and intangible non-blockchain assets, e.g., currencies, real estate,

Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

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. The value of BNSOL increases over time as staking rewards accumulate, and it

Time to look at September's market insights!
Discover the current market landscape and key insights on:
🔸 Fed Rate Cuts

🔸 ETH Gas Fees

🔸 Memecoin Launchpads

🔸 Stablecoins
…and more.
Read the full report here.
Highlights:
In August 2024, the cryptocurrency market experienced a 13.1% drop in total market capitalization influenced by major global macroeconomic concerns. Weaker-than-expected U.S. unemployment data

Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

Highlights 🧵:
1/ Uniswap Labs settles 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. "The order finds these leveraged tokens are leveraged or margined commodity transactions that did not result in a

Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

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" overhaul, aimed at simplifying user experience and expanding its DeFi offerings. The new front-end application will include token activation rewards and the Sky Savings Rate. Existing DAI and MKR token

Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

Highlights 🧵:
1/ Tether announced the launch of a stablecoin pegged to the UAE Dirham, in collaboration with Phoenix Group PLC. 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. Paolo Ardoino, CEO of Tether, emphasized the significance o

Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

Highlights 🧵:
1/ This week has delivered several positive economic indicators for the U.S., including encouraging inflation data and resilient growth figures. Annual inflation in July slowed to its lowest level since March 2021. Weekly jobless claims fell by 7,000 to 227,000, and retail sales rose by 1.0% in July, marking the largest increase in 1.5 years. These data points have bolstere

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 the full report here.
Highlights:
Narratives, sentiment, and hype can drive short-term interest but are insufficient for long-term growth, especially in bear markets. Pro

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
Discover the full report here.
Highlights:
In July, the crypto market saw a 6.1% increase in total market capitalization. Market fears eased as Germany completed offloading 50,000 BTC to centralized exchanges. Positiv

Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

Highlights 🧵:
1/ Ripple Labs has been fined US$125M 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%. The case, which began in 2020, was highly regarded as a test for how cryptocurrencies w