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

Highlights 🧵:

1/ Russia to officially recognize cryptocurrency as a currency asset and open market access to all investors. Under the proposed regulatory framework by the central bank, ordinary citizens are permitted to trade cryptocurrencies on regulated platforms with limits for non-qualified investors. This move supports wider use of Russian-issued digital financial assets and bolster crypto services offered by existing financial firms. Notably, Sberbank has piloted a loan secured by cryptocurrency collateral, marking a significant milestone in the country’s adoption of digital assets.

2/ U.S. House lawmakers introduce a draft on digital asset taxation for stablecoins and staking, aiming to eliminate compliance burdens on small daily transactions. The proposed bill seeks to exempt transactions under US$200 involving regulated, U.S. dollar-pegged stablecoins from capital gains taxes. Only stablecoins issued by permitted issuers under the GENIUS Act, maintaining a price within 1% of US$1.00 for 95% of trading days in the past year, qualify, excluding brokers and dealers. Additionally, taxpayers may defer taxation on mining and staking rewards for up to five years, after which they would be taxed as ordinary income at fair market value.

3/ Hong Kong proposes to open up crypto markets to insurers under stringent capital requirements. The Hong Kong Insurance Authority (HKIA) is proposing new regulations that would permit the city’s 158 authorized insurers to invest in digital assets. While this marks a cautious institutional embrace of crypto, the regulator maintains a conservative risk framework. Under the proposal, insurers must hold a one-to-one reserve for every dollar invested in crypto which serves as a protective buffer against the well-known volatility of digital assets.

In our latest report, we provide an overview of the crypto industry by highlighting projects across multiple sectors.

We spotlight themes such as Privacy, x402, Crypto ETFs and others in this report.

Check it out 🔽
https://binance.com/en/research/analysis/industry-map-dec25

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

Highlights 🧵:

1/ Scheduled for January 14, 2026, the Fermi upgrade reduces BNB Chain's block time from 750ms to 450ms via BEP-619 and other proposals, potentially tripling throughput to enhance DeFi and time-sensitive applications. The upgrade further entrenches the chain as an EVM-compatible, high-throughput alternative to Solana.

2/ The Lighter Perp DEX airdropped 250 million LIT tokens (25% of supply, valued at ~US$650M at launch) to early users based on their points earned, with no vesting. 50% of total supply is allocated to team and investors, with the remaining 25% reserved for future incentives and growth initiatives. Post-airdrop, LIT price dropped ~30% and ~20% of protocol TVL exited quickly, illustrating ongoing challenges in retaining mercenary capital in competitive markets.

3/ Walmart's OnePay app now allows users to hold, trade, and convert Bitcoin (and Ethereum) to cash for checkout payments through partner Zerohash, potentially exposing 150 million weekly shoppers to crypto. This pragmatic hybrid model targets underbanked consumers and normalizes digital assets in retail.

Time to look at January's market insights!

Discover the current market landscape and key insights on:
🔸 Markets are pricing in faster rate cuts
🔸 Why Metals Outperformed Bitcoin
🔸 Six stablecoins crossing the $1B mark
🔸 ETF Flows Favor Altcoins
…and more.

Read here ⬇️
https://www.binance.com/en/research/analysis/monthly-market-insights-2026-01

Markets kick off 2026 with renewed liquidity and shifting dynamics. As capital rotates, major banks are preparing for a second "ETF Arms Race."

Read this week’s market commentary from #BinanceResearch ⬇️
https://www.binance.com/en/research/analysis/weekly-market-commentary-2026-01-09

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

Highlights 🧵:

1/ Morgan Stanley files for a spot ETH ETF with a staking component, following its BTC and SOL ETF submissions within a ~24-hour window, pointing to a coordinated expansion of its crypto ETF offering. The filings add to a growing institutional product pipeline as spot crypto ETFs continue to attract significant volumes and assets.

2/ Wyoming launches FRNT, the first U.S. state-issued, dollar-pegged stablecoin, issued under the Wyoming Stable Token Act and natively deployed on Solana. The token is over collateralized, backed by U.S. dollars and short-duration Treasuries held in a Wyoming trust, with reserves managed by Franklin Templeton, and is also available across multiple EVM chains.

3/ Lighter launches 24/5 equity perpetuals on Ethereum, extending trading beyond U.S. market hours and reinforcing the push to bring crypto-native leverage and always-on access to traditional market assets.

#Binance Research is pleased to release our full-year report for 2025!

Dive into the most significant developments in the past year and check out what we are excited about for 2026.

Read the full report here 🔽
https://www.binance.com/en/research/analysis/full-year-2025-and-themes-for-2026/

Crypto markets remain macro- and liquidity-sensitive. Tariff concerns and Japan bond market stress tested risk appetite, with diverging performance appearing across asset classes.

Stay ahead with this week’s market commentary from #Binance Research ⬇️
https://www.binance.com/en/research/analysis/weekly-market-commentary-2026-01-23/

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

Highlights 🧵:

1/ Strategy(MSTR) issued over US$2.1B worth of stock to purchase 22,305 BTC last week at an average price of US$95,284, raising its average BTC cost to US$75,979, and now holds 709,715 BTC in total, account for approximately 3.55% of current BTC supply. This marked the largest purchase during the recent downtrend. Back on Jul 7 last year, Strategy purchased over 20,000 bitcoins when BTC price was still at US$117,256.

2/ BlackRock highlighted the prospect of crypto and tokenized assets in the 2026 Thematic Outlook, noting that Ethereum could benefit significantly as 65%+ of tokenized assets are built on its network. In addition, stablecoin transaction volume has hit US$1T by the end of 2025, far exceeding the spot crypto trading volume of around US$400B. This showcases how tokenized assets are expanding into real-world adoption.

3/ US Senate Agriculture Committee released an updated crypto market structure bill and scheduled a committee markup on Jan 27, expanding the CFTC’s authority over digital commodities. Building on the 2025 GENIUS Act for stablecoins, it reignited debates between crypto sectors and banks over stablecoin yields and the legal scope for DeFi.

The dollar dips as gold rises. Meanwhile, Bitcoin miners are stacking wins by pivoting to AI compute.

Stay ahead with this week’s market commentary from #Binance Research ⬇️
https://www.binance.com/en/research/analysis/weekly-market-commentary-2026-01-30

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

Highlights 🧵:

1/ Binance announced a BTC purchase plan using US$1B from its Secure Asset Fund for Users (SAFU) within 30 days. In addition, Binance will purchase additional BTC if the total value of the fund falls below US$800M.

2/ Bitcoin network hashrate has dropped 12% due to a severe US winter storm that forced major mining hubs to curtail operations. The hashrate is currently around 850 EH/s, falling back to its lowest level since Q4 2025. Daily mining revenue also dropped to US$34M, indicating weaker miner margins amid the Bitcoin price downtrend.

3/ Tether has launched USAT, a federally regulated, dollar-backed stablecoin, designed to comply with the U.S. GENIUS Act, providing institutions with an additional compliant choice. USAT is issued by crypto bank Anchorage Digital, managed by Cantor Fitzgerald, and led by CEO Bo Hines, a former White House crypto advisor, and is widely considered the first contender to Circle’s USDC.

Markets sold off on Fed nominee Warsh's hawkish balance-sheet reduction stance, but QT risks may be overestimated due to system constraints and the end of the US government shutdown easing policy uncertainty.

Read this week’s market commentary from #BinanceResearch ⬇️
https://www.binance.com/en/research/analysis/weekly-market-commentary-2026-02-05

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

Highlights 🧵:

1/ China has provided a legal framework for the issuance of offshore tokens backed by onshore assets, an area previously considered legally ambiguous. At the same time, China has clarified its crypto restrictions and now prohibits the unauthorized issuance of yuan-pegged stablecoins. This ban also applies to the offshore issuance of digital assets linked to the yuan unless approved by the relevant authorities.

2/ Binance has purchased an additional 4,225 BTC this week for the Secure Asset Fund for Users (SAFU), worth approximately US$300M, bringing its total holdings to 10,455 BTC.

3/ BlackRock’s BTC ETF (IBIT) saw a record daily trading volume of 284M shares, approximately US$10B in notional volume, followed by a 13% drop in the ETF price during the BTC crash on Feb 5. Records were also broken in its options market, with puts outnumbering calls, suggesting strong demand for downside protection.

Time to look at February's market insights!

Discover the current market landscape and key insights on:
🔸 U.S.-Japan Yield Spreads & BTC
🔸 Altcoin Market Concentration
🔸 Ethereum Transactions
🔸 Crypto Card Volumes
…and more.

Read here ⬇️
https://www.binance.com/en/research/analysis/monthly-market-insights-2026-02/

Markets are repricing risk, with attention and capital rotating. But today's market structure is more institutional, liquidity channels are deeper, and the context sets this cycle apart from previous ones.

This week's commentary from #Binance Research ⬇️
https://www.binance.com/en/research/analysis/weekly-market-commentary-2026-02-12/

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

Highlights 🧵

1/ Binance completed the purchase of US$1B in BTC this week for the Secure Asset Fund for Users (SAFU), bringing total holdings to 15K BTC at an average price of approximately US$67K.

2/ X is planning to launch “Smart Cashtags” in the coming weeks, as per head of product Nikita Bier, enabling users to view real-time data on stocks and crypto directly from their timeline, alongside a number of additional features.

3/ Goldman Sachs disclosed US$2.36B in crypto ETF holdings in its latest SEC filing, representing 0.33% of its portfolio. The allocation includes US$1.1B in BTC ETFs, primarily BlackRock's IBIT, and US$1B in ETH ETFs across multiple issuers, with smaller positions in XRP and SOL. This highlights the growing role of digital asset exposure within institutional portfolios.

Structural trends remain intact, with institutional ownership steadily expanding.

ETF AUM share remains resilient, and the foundations of Neo Finance are taking shape as TradFi and DeFi converge.

Read the full weekly commentary ⬇️
https://www.binance.com/en/research/analysis/weekly-market-commentary-2026-02-20/

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

Highlights 🧵

1/ The ProShares GENIUS Money Market ETF (IQMM), a Treasury-backed fund structured to meet the reserve requirements of the GENIUS Act, recorded US$17B in first-day volume on Feb 19. IQMM’s regulated framework could support demand beyond stablecoin issuers among large institutional players.

2/ The Aptos Foundation has proposed a 2.1B APT hard supply cap, a reduction in staking rewards to 2.6%, a 10x increase in gas fees with all fees burned, and the permanent lock-up of 210M APT. These changes shift APT toward a more deflationary supply profile through lower emissions and higher burns.

3/ Base announced its departure from Optimism’s OP Stack and Superchain ecosystem, citing faster upgrades and simplified operations. Meanwhile, EtherFi plans to migrate its crypto card program from Scroll to OP Mainnet, highlighting ongoing competition for activity and fee generation across networks.

Markets showed a strong rebound amid AI sector shifts. NVDA’s Q4 results validate AI infrastructure growth, while options hedging signals sentiment near a trough. Crypto’s tech correlation remains key as structural bottoming signs emerge.

Read the full weekly commentary ⬇️
https://www.binance.com/en/research/analysis/weekly-market-commentary-2026-02-26