11 October 2024
In another exciting week for the crypto space, Solana is taking center stage, dominating token launches with an impressive 87% of new tokens in 2024! Memecoins have largely driven this surge, solidifying Solana’s position as a go-to platform for new projects. But that’s not all—there’s plenty more happening across the crypto and TradFi worlds! 🌍💡
Macro/TradFi Updates
National Bank of Bahrain introduces the Middle East's first Bitcoin investment fund tailored for institutional investors in the Gulf Cooperation Council. 🏦
Hong Kong's SFC gears up to grant more licenses to crypto businesses by year-end, signaling a crypto-friendly future! 🌟
Canary Capital files for an XRP spot ETF with the U.S. SEC, marking the second company to do so this month. 🎯
VanEck Ventures rolls out a $30M fund aimed at early-stage crypto and AI startups, fueling innovation. 💰
Nearly half of traditional hedge funds now invest in crypto, up from 29% last year, per a report by AIMA and PwC. 📊
Crypto Headlines
Solana dominates token launches with 87% of new tokens in 2024, thanks to the rise of memecoins. 🚀
TON reaches a milestone with 100M unique holders—talk about blockchain adoption! 💼
Uniswap announces its very own Ethereum Layer-2 network, Unichain, to boost liquidity, lower costs, and speed up transactions. 🔗
Jupiter launches its app on iOS, allowing users to buy crypto via Apple Pay, credit cards, or PayPal. 📱
DeFi & Stablecoins
World Liberty Financial, the Trump-linked DeFi project, proposes an Aave V3 instance on Ethereum Mainnet. 🏛️
Circle introduces native USDC on the Sui network, expanding stablecoin accessibility. 💵
Puffer Finance launches its new governance token, with an upcoming airdrop for its liquid restaking infrastructure platform. 🎉
Gaming & Beyond
Gaming giant Ubisoft is stepping into the blockchain space with "Champions Tactics", its first game featuring tradable blockchain-based assets. 🕹️
Google integrates ENS, allowing users to search for .eth names and check balances directly within Google Search. 🌐
Other Notable News
Crypto.com faces a lawsuit against the SEC following a Wells Notice. ⚖️
A new Chainalysis report reveals Argentina leads Latin America in crypto value received, with an estimated US$91.1B! 💸
Ripple introduces digital asset storage services for banks and fintech firms, further expanding its ecosystem. 🏦
Binance Research: Stay Ahead of the Market
Don’t miss our latest insights on crypto trends and developments:
Monthly Market Insights - October 2024
Industry Observation: Valuation, Centralization, Transparency, and Rebranding
Navigating Crypto: Industry Map
That’s a wrap for this week’s market highlights! Stay tuned for more updates, and remember, the crypto world moves fast—keep your eyes open and your wallets ready! 🔥
