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

Highlights 🧵:

1/ U.S. President Trump has signed an Executive Order to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile consisting of other digital assets. The SBR will be capitalized with 200,000 BTC seized through criminal or civil asset forfeiture, serving as a long-term store of value with no plans for active expansion.

2/ Vietnam’s Ministry of Finance is introducing a legal framework for digital assets, including a state-licensed digital currency exchange. This initiative, underpinned by Prime Minister Pham Minh Chinh’s call for clear regulations, aims to ensure investor safety in a sector that saw US$120B in inflows in 2023.

3/ Reddit co-founder Alexis Ohanian has joined billionaire Frank McCourt’s bid to acquire TikTok as a strategic adviser, aiming to bring the platform on-chain through Project Liberty’s decentralized, blockchain-based technology.
Bitcoin’s presence in DeFi is rising, with BTCFi TVL up 2,767% in the past year. Yet, less than 1% of BTC is utilized in DeFi, leaving dormant liquidity untapped.

Our new report explores the financialization of #Bitcoin as an asset class.

Read more ⬇️
https://www.binance.com/en/research/analysis/the-future-of-bitcoin-4-defi
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

Highlights 🧵:

1/ The GENIUS Act has successfully passed the Senate Banking Committee with bipartisan support, moving it one step closer to becoming law. The bill outlines a regulatory framework for stablecoins and establishes state-level oversight for stablecoin issuers with assets under US$10B and federal oversight for larger issuers.

2/ Brazil is proposing a blockchain-based payment system within the BRICS bloc to enhance cross-border transactions and reduce costs. The proposal, set for discussion at the upcoming BRICS summit in July, aims to streamline trade among member nations like China, Russia, India, and South Africa.

3/ Solana’s SIMD-228 proposal, aimed at reducing token inflation by implementing a dynamic emissions model, failed to secure the required 66.67% "yes" vote, with 61.4% voting in favor.
Airdrops have taken-off as a means of token distribution🚀—but are they hitting the mark?

Our latest report uncovers the hiccups in recent airdrop mechanics and offers some ideas for a smoother, fairer future.

Dive in ⬇️
https://www.binance.com/en/research/analysis/where-are-our-airdrops-going/
Binance Research pinned «Airdrops have taken-off as a means of token distribution🚀—but are they hitting the mark? Our latest report uncovers the hiccups in recent airdrop mechanics and offers some ideas for a smoother, fairer future. Dive in ⬇️ https://www.binance.com/en/resear…»
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

Highlights 🧵:

1/ The Federal Reserve held its benchmark interest rate steady at 4.25%-4.5%, citing uncertainty about the economy and inflation. While the Fed downgraded growth forecasts and raised inflation expectations, it still anticipates a half percentage point of rate cuts this year.

2/ The Swiss National Bank has reaffirmed its stance against holding Bitcoin or other cryptocurrencies in its foreign exchange reserves, citing concerns over volatility, instability, and regulatory challenges. Despite this, Switzerland remains a hub for blockchain innovation.

3/ Pakistan is preparing to legalize crypto trading with a new regulatory framework to attract investment and provide clarity on digital asset activities. The country aims to become a Web3 hub, leveraging its young, tech-inclined workforce, with 15 to 20 million crypto users.
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

Highlights 🧵:

1/ Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has partnered with Circle to explore integrating USDC stablecoin and USYC, a tokenized money market fund, into traditional financial markets.

2/ World Liberty Financial, a crypto venture backed by Donald Trump, has launched the USD1 stablecoin on BNB Chain and Ethereum. The launch comes as the U.S. Senate considers the GENIUS Act, a bill focused on stablecoin regulation, which could reach Trump’s desk by June.

3/ BNB Chain has introduced a US$100M liquidity program to encourage the listing of its native projects on major centralized exchanges, offering incentives primarily in BNB. The program, running for an initial three-month trial, requires projects to have at least a US$5M market cap and US$1M in daily trading volume, with top rewards of US$500K in liquidity for listings on major platforms.
In our latest report, we provide an overview of the crypto industry by highlighting projects across multiple sectors.

We spotlight themes such as Stablecoins, AI, Real-World Assets, DeSci, and others in this report.

Check it out 🔽
https://www.binance.com/en/research/analysis/industry-map-mar25/
Binance Research pinned «In our latest report, we provide an overview of the crypto industry by highlighting projects across multiple sectors. We spotlight themes such as Stablecoins, AI, Real-World Assets, DeSci, and others in this report. Check it out 🔽 https://www.binance.co…»
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

Highlights 🧵:

1/ Itaú Unibanco, LATAM’s largest bank, is exploring the launch of a stablecoin pegged to the Brazilian Real, pending regulatory clarity from the Central Bank. This move aligns with a broader trend of banks developing in-house stablecoins, driven by increasingly favorable regulatory environments.

2/ Block CEO Jack Dorsey confirmed the company is working to enable Bitcoin payments on its Square terminals and Bitkey wallet, stressing that Bitcoin must be usable for everyday transactions to stay relevant.

3/ Mastercard is developing a blockchain-powered Multi-Token Network to bridge traditional finance and digital assets, targeting seamless transactions similar to Venmo or Zelle. The company has partnered with major banks like JPMorgan and Standard Chartered, introduced over 100 crypto-focused card programs, and filed more than 250 blockchain-related patents.
Time to look at April's market insights!

Discover the current market landscape and key insights on:
🔸 BTC Long-Term Holder Trends
🔸 DEX and Wallet Market Share
🔸 Memecoins
…and more.

Read here ⬇️
https://www.binance.com/en/research/analysis/monthly-market-insights-2025-04/
Binance Research pinned «Time to look at April's market insights! Discover the current market landscape and key insights on: 🔸 BTC Long-Term Holder Trends 🔸 DEX and Wallet Market Share 🔸 Memecoins …and more. Read here ⬇️ https://www.binance.com/en/research/analysis/monthly-market…»
Tariffs are shaking markets, fueling uncertainty and risk-off sentiment. But can Bitcoin move past near-term stress and reassert its status as a macro outlier?

We explore recent macro drivers and how crypto fits into a protectionist world.

Read here ⬇️
https://www.binance.com/en/research/analysis/tariff-escalation-and-crypto-markets/
Binance Research pinned «Tariffs are shaking markets, fueling uncertainty and risk-off sentiment. But can Bitcoin move past near-term stress and reassert its status as a macro outlier? We explore recent macro drivers and how crypto fits into a protectionist world. Read here ⬇️»
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

Highlights 🧵:

1/ VanEck confirms Russia and China are settling energy transactions using BTC and other digital assets, signaling a move away from U.S. dollar dominance in global trade. With Trump’s tariff policies intensifying global trade divide, more countries are reportedly exploring similar crypto-based strategies.

2/ Donald Trump has signed a resolution repealing an IRS rule that would have required DeFi platforms to report crypto transaction data to the tax agency starting in 2027. This marks the first time a U.S. president has signed a standalone piece of crypto-focused legislation.

3/ Ripple’s US$1.25B acquisition of Hidden Road, a prime broker serving 300+ institutional clients with US$3T in annual clearing across FX and digital assets, marks a major step toward institutional adoption of the XRP Ledger, with plans to move some of Hidden Road’s daily clearing volume onto XRPL.
The Pectra and Fusaka upgrades are expected on the Ethereum mainnet on 7 May and late 2025 respectively.

We break down the upgrades and posit what it means for Ethereum in the long term in our latest report.

Read here ⬇️
https://www.binance.com/en/research/analysis/pectra-and-fusaka-upgrades-what-does-it-mean-for-ethereum/
Binance Research pinned «The Pectra and Fusaka upgrades are expected on the Ethereum mainnet on 7 May and late 2025 respectively. We break down the upgrades and posit what it means for Ethereum in the long term in our latest report. Read here ⬇️ https://www.binance.com/en/rese…»
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

Highlights 🧵:

1/ VanEck’s Matthew Sigel introduces “BitBonds,” a hybrid debt instrument combining U.S. Treasuries with 10% Bitcoin exposure to address U.S. debt refinancing needs. This innovative asset class aims to incorporate digital assets into government debt structures.

2/ Amid market uncertainty, Michael Saylor’s Strategy increases its Bitcoin holdings to over $35.9B, demonstrating continued confidence in Bitcoin despite global trade tensions and macroeconomic challenges.

3/ Raydium introduces ‘LaunchLab,’ a competitor to Pumpdotfun, allowing creators to easily launch new tokens with integration into Raydium’s liquidity pools and enabling third-party platforms to set transaction fees.
Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.

Highlights 🧵:

1/ Jack Mallers teams up with Tether, SoftBank, and Cantor Fitzgerald to launch Twenty One, valued at US$3.6B, with plans to continue acquiring and holding BTC exclusively. Twenty One Capital, developed through a reverse merger with Cantor Equity Partners—a special acquisition company that raised US$100M in 2023—aims to mirror the strategy adopted by Michael Saylor’s MicroStrategy and has begun operations holding 42,000 BTC.

2/ PayPal launches a loyalty program with a 3.7% yield on stablecoin balances. This move incentivizes customers to earn yield on their stablecoin holdings, which will be paid in PayPal’s USD stablecoin (PYUSD) starting this summer.

3/ Circle announces the Circle Payments Network (CPN) to transform global money movement. CPN marks the next chapter in Circle’s roadmap—from being a stablecoin issuer to powering a globally connected payments network.