Binance Research’s November 2024 Monthly Insights report looks at important performance factors and current developments in the cryptocurrency sector. The overall market capitalization of cryptocurrencies increased by 2.8% in October 2024, mostly as a result of robust BTC inflows brought on by spot ETF activity and positive U.S. employment statistics.
November 7, 2024 3 mins read
Suilend, a DeFi lending and borrowing platform, has announced the launch of SpringSui, a new standard for liquid staking tokens (LSTs) on the Sui network. The introduction of Spring SUI (sSUI), the first LST under this new framework, is part of this standard. More Web3 users will be able to
October 31, 2024 3 mins read
Today, Binance, the world’s leading blockchain ecosystem, driving the world’s largest crypto exchange by trading volume and users, announced that it will use Amazon Web Services (AWS) to enhance customer support, internal automated system diagnosis, and troubleshooting on Binance. By using AWS, Binance integrates blockchain technology and cloud computing services into its business and
October 31, 2024 3 mins read
During Binance Blockchain Week, Binance, the global blockchain ecosystem that powers the biggest cryptocurrency exchange by trading volume, announced today that Jeff Li has been appointed as its new Vice President of Product. Jeff will be concentrating on growing and improving Binance’s product line to make sure it stays at
October 31, 2024 3 mins read
Space and Time Labs, a Microsoft-backed firm that recently raised a $20 million Series A, announced today that SXT Chain, a blockchain designed to give zero-knowledge (ZK)-proven data to smart contracts, is currently live on testnet. The next generation of DeFi will be powered by SXT, ZKsync, Chainlink, and Microsoft, which will provide
October 30, 2024 4 mins read
Fuse, a payments blockchain, announced that Bitget will list its native token. Crypto enthusiasts will find it simpler to start exploring the Fuse ecosystem as a result of the asset’s improved accessibility and increased liquidity after its addition to Bitget’s tier-1 exchange. Bitget plans to list the FUSE token within the first
October 30, 2024 2 mins read
The intersection of politics and finance has always had a significant effect on the crypto market; the most recent conjecture revolves around former US President Donald Trump. Known for his divisive impact in many spheres, Trump’s remarks on Bitcoin and crypto regulation might generate positive signals that institutional investors all
October 29, 2024 3 mins read
After reviewing Bitstamp’s application, the Securities Market Agency in Slovenia granted the company a Multilateral Trading Facility (MTF) license. With this authorization, the exchange may provide its retail and institutional customers with more advanced financial products. Moreover, the license grants Bitstamp the ability to provide crypto derivatives products including perpetual
October 25, 2024 2 mins read
As per a recent Binance Research report, Spot Bitcoin (“BTC”) Exchange-traded funds (“ETFs”) have amassed more than 938.7K BTC (~US$63.3B), which, when combined with other funds of a similar kind, represents 5.2% of the entire supply of Bitcoin. The report further mentions that these ETFs are removing an average of
October 25, 2024 3 mins read
Layer 3 Orbs announced that QuickSwap, the top multi-chain DEX, has integrated its Liquidity Hub. In order to improve pricing on QuickSwap, the integration will use Orbs technology to aggregate Ethereum liquidity. QuickSwap will obtain all of the liquidity for its DEX from Orbs Liquidity Hub in order to enable its expansion to
October 24, 2024 2 mins read
