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

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.

Check out our latest publications from this week 🔎: Monthly Market Insights - December 2024