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.

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

Highlights 🧵:

1/ The Arizona State Legislature has passed a bill to establish a Bitcoin reserve, pending Governor Hobbs' approval. Although other states have proposed similar legislation, none have progressed as far. Governor Hobbs' decision remains uncertain; a veto would end the matter for the year.

2/ Sam Altman's Worldcoin, a biometric identity system, has launched in six U.S. cities amid scrutiny from countries like Spain and Portugal, which have suspended operations over biometric data concerns.

3/ Morgan Stanley plans to offer crypto trading via E*Trade by 2026, expanding access for wealthy clients already involved in crypto ETFs and futures. This aligns with U.S. banks' preparation for lighter digital asset regulation under the Trump administration. The initiative is in early stages, with the bank exploring partnerships with crypto firms for infrastructure development.

Time to look at May's market insights!

Discover the current market landscape and key insights on:
🔸 Bitcoin Dominance
🔸 G4 M2 Expansion
🔸 Crypto Fundraising
🔸 Application vs Protocol Fees
…and more.

Read here ⬇️
https://www.binance.com/en/research/analysis/monthly-market-insights-2025-05/

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

Highlights 🧵:

1/ New Hampshire becomes the first U.S. state to establish a Bitcoin and Digital Asset Reserve Fund. The legislation permits up to 5% of the state’s public funds to be invested in digital assets, provided the asset has a market cap of at least US$500B.

2/ Coinbase acquires Deribit for US$2.9B as part of its strategy to expand its derivatives business. The transaction includes US$700M in cash and 11 million Coinbase shares. The acquisition comes amid heightened competition and growing interest in the crypto sector.

3/ VanEck has submitted a filing with the SEC to introduce the first U.S. spot BNB ETF featuring staking rewards. If approved, the initiative could significantly enhance institutional adoption and BNB liquidity. However, complexities around staking and the SEC’s historically cautious stance present challenges—though the new chair, Paul Atkins, may be more receptive.

Explore the cutting-edge world of DeFAI

From frameworks to agent protocols, AI agents to emerging marketplaces, our latest report dives into the future of autonomous finance.

Read here ⬇️
https://www.binance.com/en/research/analysis/defai-unstacked-the-future-of-on-chain-finance

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

Highlights 🧵:

1/ J.P. Morgan settles first public tokenized treasury trade in partnership with Chainlink and Ondo Finance. J.P. Morgan’s Kinexis Digital Payments was used to settle a delivery versus payment transaction for OUSG, a tokenized money market fund on the Ondo blockchain, using Chainlink’s cross-chain orchestration infrastructure.

2/ Ethereum Foundation announces the Trillion Dollar Security (1TS) initiative, an ecosystem-wide effort to upgrade Ethereum’s security. The initiative aims to overhaul Ethereum’s security with a three-part strategy: identify current vulnerabilities, execute improvements based on prioritized risks and improve communications regarding safety.

3/ Robinhood has acquired the Canadian cryptocurrency firm WonderFi for US$179M. The deal brings Bitbuy, Coinsquare, WonderFi Wallet, and Wonderchain under its umbrella, marking a key step in its global expansion strategy.

Global bond market volatility is back at multi-year highs.

As the world’s largest asset pool, its moves have far-reaching implications for risk assets like crypto.

Our latest report explores how bond market stress impacts crypto markets.

Read here ⬇️
https://www.binance.com/en/research/analysis/impact-of-bond-market-volatility-on-the-cryptocurrency-market/

Bitcoin reaches a new all-time high as trade tensions ease, stablecoin legislation gains momentum, and Moody’s downgrade adds pressure to dollar-linked assets.

Stay ahead with this week’s market commentary from #Binance Research ⬇️
https://www.binance.com/en/research/analysis/weekly-market-commentary-2025-05-23/

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

Highlights 🧵:

1/ SharpLink Gaming announced a US$425M private equity deal to launch an Ethereum treasury and appointed Ethereum’s co-founder Joseph Lubin as board chairman. The deal involves Ethereum infrastructure firm Consensys along with several other venture capital firms. Following the announcement, Sharplink’s shares surged by 400%.

2/ Federal court blocks Trump from imposing sweeping tariffs imposed on ‘Liberation Day’. The Court of International Trade ruled that the emergency law invoked by the White House did not grant the president unilateral authority to impose tariffs on nearly every country. The Trump administration filed an appeal shortly after the ruling.

3/ U.S. Vice President JD Vance delivered his keynote speech at the Bitcoin 2025 conference in Las Vegas, underscoring the importance of U.S. leadership in the cryptocurrency industry. His speech highlights Bitcoin’s growing institutional legitimacy and its strategic, macroeconomic, and geopolitical significance amid a global race among sovereign powers to secure the asset.

Corporate treasury allocations to crypto continue to expand, while BTC consolidates amid trade policy, fiscal concerns, and Fed caution that keep macro signals divided.

Stay ahead with this week’s market commentary from #Binance Research ⬇️
https://www.binance.com/en/research/analysis/weekly-market-commentary-2025-05-30/

Time to look at June's market insights!

Discover the current market landscape and key insights on:
🔸 Spot ETF Flows
🔸 Corporate BTC Treasuries
🔸 Sector Divergence
🔸 Tokenized RWAs
…and more.

Read here ⬇️
https://www.binance.com/en/research/analysis/monthly-market-insights-2025-06/

Circle goes public, BTC and ETH held on exchanges reaches new yearly lows, and global macroeconomic factors could point towards easing.

Stay ahead with this week’s market commentary from #Binance Research ⬇️
https://www.binance.com/en/research/analysis/weekly-market-commentary-2025-06-06/

Happy Monday! Start your week with Binance Bytes, a snapshot of the latest market developments.

🧵 Highlights:

1/ The Ethereum Foundation has restructured its R&D division and is planning potential changes to the design and development of the protocol. The newly streamlined team will focus on three key strategic initiatives: scaling Layer 1, scaling blobs, and enhancing the user experience.

2/ JPMorgan to accept Bitcoin ETFs as collateral for loans starting with Blackrock’s iShares Bitcoin Trust. The bank will factor clients’ crypto holdings into net worth assessments, treating digital assets on par with traditional assets for borrowing evaluations. This move follows the easing of restrictions on banks and digital assets businesses during the Trump administration.

3/ Stablecoin issuer Circle raises $1.05 billion in IPO, pricing shares at $31 each. The offering marks one of the largest crypto listings since Coinbase’s 2021 stock market debut. This positive momentum reflects strong demand amid an environment where other companies are delaying their IPOs. Circle’s stock began trading on the NYSE under the symbol "CRCL" on June 5.

The role of tokens has evolved through cycles of hype, doubt and steady improvement.

Our latest report explores the historical trends and what gaps still need to be addressed to unlock the full potential of tokenized ecosystems.

Read here ⬇️

https://www.binance.com/en/research/analysis/the-evolution-of-tokens-over-the-years/

Markets navigate geopolitical uncertainty with a cautious mood despite positive inflation data.

Ethereum stands out with record spot ETP inflows following regulatory clarity, while key global monetary policy decisions remain in focus for the coming week.

Stay ahead with this week’s market commentary from #Binance Research ⬇️
https://www.binance.com/en/research/analysis/weekly-market-commentary-2025-06-13/