Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ The overall market has staged a notable rally this week, recording a WoW growth of 4.44% in total market capitalization. The Fear and Greed Index is also edging closer to 50, and has moved from the “Fear” to the “Neutral” zone. News about SEC not appealing their loss in the GBTC case, and SEC dropping claims against two Ripple Labs executives helped boost sentiment. The market is now becoming increasingly bullish on the prospect of a spot BTC ETF approval, indicated by the narrowing of GBTC's discount to 14.78%, the lowest level this year.
2/ Optimism has announced the launch of Retroactive Public Goods Funding 3 which will see 30M OP distributed to creators, artists, builders and educators who have made a positive contribution to the optimism collective. This has helped drive a strong weekly growth in new unique addresses. OP mainnet now has a total of 38.49M unique addresses.
3/ Notable news this week: Rabby, a popular web3 wallet with 116 chains integrations, has announced the launch of its desktop version (currently in beta mode) that aims to eliminate browser vulnerabilities. On a similar note, Metamask has announced integration with Stripe to enable on-ramp service for users in the U.S.
