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

Highlights 🧵:

1/ China Merchants Bank tokenizes US$3.8 Billion fund on BNB Chain with support from DigiFT. This move represents a significant milestone in integrating Real-World Assets (RWAs) into one of the most active blockchain ecosystems. Through enhanced on-chain distribution, the bank enables accredited investors direct, blockchain-based access to a top-performing fund with over $3.8 billion in assets under management. However, it still remains unclear whether the tokenized fund is supported by local regulatory authorities in China.

2/ Chinese Alipay launches its own layer 2 solution on Ethereum, potentially adding 1.4 billion new users to the chain. Jovay positions itself as a “compliance-first, AI-assisted scaling network” designed to seamlessly integrate real-world data and value flows into decentralized finance. The platform employs a dual-prover architecture—a hybrid of zero-knowledge and optimistic proofs—to deliver both scalability and verifiability. The network demonstrated transaction throughput ranging from 15,700 to 22,000 TPS during testnet trials, with an ambitious target of reaching 100,000 TPS through node clustering and horizontal scaling.

3/ The U.S. Government seizes 127,000 BTC worth approximately US$15B in crackdown on Cambodia-linked scam ring. The seizure represents the largest forfeiture action ever undertaken by the Department of Justice. Prosecutors are pursuing the funds through criminal forfeiture, prompting discussions regarding whether the recovered Bitcoin will be allocated to pay back the victims or added into the national Strategic Bitcoin Reserve.

Trade war concerns ease as BNB Chain accelerates innovation, and Bitcoin ETFs expand at five times the pace of Gold’s.

Stay ahead with this week’s market commentary from #Binance Research ⬇️
https://www.binance.com/en/research/analysis/weekly-market-commentary-2025-10-24

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

Highlights 🧵:

1/ JPMorgan will allow institutional clients to pledge BTC and ETH as collateral. In recent months, JPMorgan’s approach to the crypto market has evolved, reflecting TradFi’s increasing integration of the asset class amid favorable regulatory developments.

2/ Bealls has partnered with Flexa to enable the acceptance of BTC, ETH, and other crypto assets across 660 retail locations in the United States. This milestone represents the first instance of a U.S. national retailer accepting digital currencies across a dozen blockchains.

3/ The United States and China have reached a framework agreement for a trade deal ahead of the Trump-Xi meeting in South Korea later this week. The preliminary accord signals a potential de-escalation of trade tensions as both sides continue working toward finalizing specific details of the agreement.

The Fed sent a dual message. AI is driving a market divergence.

Find out how crypto market dynamics shifted in our latest weekly commentary from #Binance Research ⬇️
https://www.binance.com/en/research/analysis/weekly-market-commentary-2025-10-31/

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

Highlights 🧵:

1/ France has introduced a new Bitcoin Reserve Bill aiming to acquire 2% of the total Bitcoin supply over the next 7 to 8 years. Through this initiative, France is positioning itself as a leader in Europe’s digital asset transformation. This bill could significantly boost Bitcoin demand, strengthen institutional confidence, and encourage governments and institutions to view cryptocurrency as a strategic asset. It marks a shift beyond retail speculation toward broader acceptance. The focus on renewable energy-powered mining may also drive a greener blockchain ecosystem and foster innovation in Europe’s crypto mining sector.

2/ Circle has launched the Arc public testnet, engaging over 100 institutional participants to deliver blockchain infrastructure that meets the stringent requirements of the financial industry. Arc stands out by using USDC as its native gas token, enabling predictable and cost-efficient transaction fees while addressing issues faced by public chains like Ethereum. This move aligns with other stablecoin providers such as Tether with Plasma and Stripe with Tempo, who are also developing base-layer blockchains focused on low fees, high throughput, and full compliance control.

3/ Western Union has announced the USDPT stablecoin on the Solana blockchain, with an expected release date in the first half of 2026. Western Union believes its USDPT stablecoin and Digital Asset Network can transform global money transfers by connecting major currencies like the U.S. dollar directly to local spending needs. This initiative aims to enhance cross-border payments by providing a compliant, secure, and cost-effective digital solution built on USDPT, fostering greater trust and certainty in international money movement.

Time to look at November's market insights!

Discover the current market landscape and key insights on:
🔸 Market Sentiment
🔸 x402 Activity
🔸 On-Chain Privacy
🔸 AI x Crypto Trading
…and more.

Read here ⬇️
https://www.binance.com/en/research/analysis/monthly-market-insights-2025-11/

Markets pushed lower, extending BTC’s 31D correction as macro uncertainty and DeFi contagion drove de-risking. Stablecoin data suggests liquidity stays in crypto, with capital sidelined until signals turn clearer.

#Binance Research's Weekly Commentary ⬇️
https://www.binance.com/en/research/analysis/weekly-market-commentary-2025-11-07/

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

Highlights 🧵:

1/ Ripple has successfully raised US$500 million in funding at a US$40 billion valuation, with the round led by Fortress and Citadel. This raise strategically strengthens its partnerships with financial institutions, enhancing collaboration to support the growth of its global product offerings. Over the past two years, Ripple has executed six acquisitions, including two valued at over US$1 billion, significantly expanding its capabilities in payments, custody, and stablecoins, as well as entering new sectors such as prime brokerage and treasury management. This strategic expansion positions the company as a leading global provider of crypto payment solutions for institutional clients.

2/ Bank Negara Malaysia has launched the Digital Asset Innovation Hub as part of its three-year initiative to advance the exploration of asset tokenization. This initiative positions Malaysia among the leading countries actively exploring blockchain-based financial infrastructure. One of the key use case is supply-chain finance, by streamlining trade financing processes through the use of digital assets. The initiative aims to onboard US$609 billion onto the blockchain over a three-year period.

3/ Google Finance has partnered with Kalshi and Polymarket to integrate event-based data into its platform. Google stated that integrating event contract platforms like Kalshi and Polymarket will enable its users to ask questions about future market events and leverage the wisdom of the crowds for insights. This move could enhance market sentiment analysis, as prediction contracts typically respond faster than traditional equities or bonds to political or macroeconomic signals. This provides traders with an early indication of changing market expectations, complemented with traditional economic indicators to make a better informed decision.

Stablecoins are crypto’s killer app and key to global adoption.

Explore the major players and emerging themes shaping the stablecoin landscape in our latest report.

Read here 🔽
https://www.binance.com/en/research/analysis/the-stablecoin-business

Mixed tape this week amid reopening headlines, and cracks in AI & labor data. Monitoring key liquidity catalysts: a >US$100B TGA release and potential CFTC approval for leveraged spot $BTC.

More via #Binance Research ⬇️
https://binance.com/en/research/analysis/weekly-market-commentary-2025-11-14/

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

Highlights 🧵:

1/ Uniswap has proposed a fee switch mechanism that allocates swap fees to facilitate the burning of UNI tokens and provide rewards to token holders. The proposal also includes burning 100 million UNI tokens, valued at approximately US$800 million, alongside restructuring the Foundation and reallocating personnel to Uniswap Labs. The plan would be to activate the fee switch on Uniswap v2 and v3 pools, which account for up to 95% of liquidity provider fees from Ethereum mainnet transactions before rolling it out to v4 and other blockchains at a later date. This move comes amid growing competition among DeFi trading platforms.

2/ Canary Capital’s XRP ETF attracted net inflows of US$245M on its first day of trading, outperforming the recently launched Bitwise Solana ETF. XRPC achieved a US$58M first day trading volume, marking it as the largest ETF launch of 2025. Meanwhile, the market is anticipating the launch of additional XRP ETFs in the coming weeks, following the initial appearance of their tickers on the DTCC.

3/ SoFi has launched cryptocurrency trading for retail customers through its banking app, becoming the first and only nationally chartered bank to offer in-app crypto trading. Despite the volatile markets, demand for trading digital assets has remained strong among its customers who prefer to buy, sell and hold their crypto with a licensed bank over a crypto exchange. SoFi also announced that it is on track to launch its own U.S. dollar-pegged stablecoin and plans to integrate cryptocurrency into its lending and infrastructure services.

The Era of Quantitative Tightening (QT) has ended.

What's Next:
1️⃣ TGA “liquidity slingshot” once spending resumes
2️⃣ “QE‑Lite” likely in early 2026

How to position for Bitcoin and risk assets, find out more 🔽
https://www.binance.com/en/research/analysis/the-end-of-qt-from-macro-headwind-to-tailwind/

Mixed macroeconomic signals fuel market uncertainty this week.

Nvidia & Google propel AI rally onward as Bitcoin sentiment flashes fear.

Stay informed with our full weekly commentary report⬇️
https://binance.com/en/research/analysis/weekly-market-commentary-2025-11-21

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

Highlights 🧵:

1/ Aave Labs has launched a high-yield, consumer-focused savings app offering up to 9% interest, complemented by insurance protection coverage of up to US$1 million. This new app aims to compete directly with traditional banks and fintech platforms by positioning itself as an alternative to savings accounts and money market funds. Interest will be generated directly through its decentralized lending protocol and accrued continuously.

2/ Ethereum introduces the Interop Layer, aiming to bridge L2 fragmentation and improve user experience across different networks. The system aims to eliminate the need for wallets and dApps to integrate with each Layer 2 separately, reducing engineering effort and reliance on third-party services. If successful, the EIL could unify fragmented rollups, allowing users and developers to interact with L2s as a single seamless network. The proposal seeks to enhance user control and reduce dependence on intermediaries, positioning itself to fundamentally transform transaction dynamics across Ethereum’s Layer 2 networks.

3/ Revolut taps on the Polygon Network for remittance services and stablecoin payments, expanding its blockchain capabilities within the app. This initiative aims to address high processing fees imposed by payment rails by routing transactions through Polygon’s network, thereby reducing transfer costs. Additionally, the app introduces direct Polygon token staking and enables card payments using cryptocurrency balances. Revolut’s move reflects a growing trend of financial platforms integrating blockchain technologies to enhance services by reducing costs, improving speed, and expanding access to global finance.

Crypto markets remain liquidity-driven. With liquidity funnels slowing across stablecoins, ETFs, and DATs in recent weeks, markets found relief as Dec rate-cut odds climbed to ~85%.

Stay ahead with this week’s market commentary from #Binance Research ⬇️
https://www.binance.com/en/research/analysis/weekly-market-commentary-2025-11-28/

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

Highlights 🧵:

1/ Texas becomes first U.S. state to acquire US$5M in Bitcoin for strategic reserve, through a purchase made via Blackrock’s IBIT ETF. While Texas plans to self-custody its Bitcoin in the future, the ETF structure offers a compliant and accessible entry point as the state finalizes its custody framework. An additional US$5 million has been allocated for future purchases. This purchase has the potential to pave the way for how public entities and states adopt crypto treasury strategies.

2/ Klarna announced the launch of a new USD stablecoin built on Stripe’s Tempo chain, it is currently in the testing phase and is expected to debut publicly in 2026. KlarnaUSD is designed to lower cross-border payment costs and disrupt traditional payment systems by leveraging Klarna’s extensive customer base alongside the scalable, cost-efficient infrastructure of blockchain technology. This initiative exemplifies the increasing adoption of digital assets by financial institutions and underscores the broader industry shift toward next-generation payment solutions.

3/ Binance Wallet introduces on-chain stock trading, via a partnership with Ondo Finance, allowing users to trade over 100 tokenized stocks and ETFs. On-chain stock trading offers investors enhanced opportunities by providing 24/7 access to tokenized equities, enabling real-time portfolio management and hedging beyond traditional market hours. Furthermore, blockchain technology ensures transaction transparency and auditability, fostering greater trust among users concerned with conventional brokerage opacity.

Market sentiment improved as a turnaround in macro liquidity offset policy-driven headwinds. The December FOMC will navigate in a data vacuum.

For a deeper understanding of key market highlights, read our latest weekly commentary ⬇️
https://www.binance.com/en/research/analysis/weekly-market-commentary-2025-12-05/

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

Highlights 🧵:

1/ Binance secured a comprehensive global license from the Abu Dhabi Global Market (ADGM). This establishes the UAE as a top-tier regulatory hub and provides a crucial compliance foundation for Binance.com's global operations.

2/ Prediction market Kalshi enters the mainstream through its partnership with CNBC to integrate real-time prediction market data into financial news. This marks the highest-profile legitimization of event contracts as an alternative, mainstream financial forecasting tool.

3/ Ethereum completed the Fusaka hard fork, deploying Peer Data Availability Sampling (PeerDAS). The upgrade significantly cuts Layer-2 (L2) transaction fees (estimated 40%-60% reduction) and enables the L2 ecosystem to target 100,000+ TPS.

Time to look at December's market insights!

Discover the current market landscape and key insights on:
🔸 Macro Liquidity
🔸 AI Market Rotation
🔸 ETF Flows
🔸 Digital Asset Treasuries
…and more.

Read here ⬇️
https://binance.com/en/research/analysis/monthly-market-insights-2025-12/