Weekly Market Highlights:
Concise summary of the Macro/TradFi note
Key events:
* MicroStrategy: Continues to accumulate BTC, and its shares will enter the Nasdaq-100.
* Federal Reserve: Reduces interest rates but indicates a slower pace in 2025.
* SEC: Approves Bitcoin and Ethereum ETFs.
* Avalanche: Launches a major update with lower fees and new L1.
* Sonic: New EVM-compatible L1 launched by the Fantom team.
* NFTs: Pudgy Penguins and Doodles see a price increase following token launches.
* Stablecoins: Ethena launches USDtb, and Ripple launches RLUSD.
* Others: Plume Network raises funds for its RWA tokenization platform.
Key points:
* BTC: Remains attractive to institutional investors like MicroStrategy.
* Cryptocurrency market: Growth driven by new updates, ETFs, and tokens.
* DeFi: New projects and partnerships exploring AI integration.
* Regulations: Progress is being made in efforts to regulate cryptocurrencies in the U.S.
In summary: The cryptocurrency market continues to evolve with increased institutional interest and the development of new technologies.
Note: For a more detailed analysis, refer to Binance's research publications.
