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

We spotlight themes from Consumer Crypto, DePIN, Real-World Assets, and others in this report.

Check it out ?
https://www.binance.com/en/research/analysis/industry-map-sep24

Binance

Navigating Crypto: Industry Map

An overview of different verticals in crypto.

Highlights ?:
1/ BlackRock has released a whitepaper emphasizing Bitcoin's role as a "unique diversifier" against fiscal, monetary, and geopolitical risks. The paper notes that Bitcoin has outperformed all major asset classes in seven of the last ten years. Despite its volatility and classification as a "risky" asset, Bitcoin's price movements reflect its evolving potential as a global monetary alternative.

2/ Phantom Wallet has launched a new feature allowing users to create custom usernames, facilitating easier identity creation, account syncing, and crypto transfers.

3/ A U.S. court dismissed Consensys' lawsuit against the SEC, siding with the agency on all counts. The case, which began in April, involved Consensys challenging the SEC's categorization of ETH as a security and its scrutiny of MetaMask. Despite the SEC closing its investigation into Ethereum in June, the judge ruled that the SEC's actions regarding MetaMask were not final and dismissed the claims on ripeness grounds.

A summary of the latest U.S. FOMC decision ?

Highlights ?:
1/ Binance has launched BNSOL, a liquid staking token for SOL, allowing users to stake their SOL tokens and receive BNSOL in return. BNSOL enables users to earn staking rewards while maintaining the flexibility to trade, lend, or use their assets across Binance products and external DeFi platforms.

2/ Friend.Tech has effectively shut down after its developers renounced control over its smart contracts. Despite its early success, the platform struggled to maintain engagement following an underwhelming airdrop and the launch of V2. The revocation of control locks the current system in place, making future updates and new features unlikely, and casting doubt on the platform's revival.

3/ Ether.fi has announced the launch of its blockchain-based credit card, Ether.fi Cash, in partnership with Scroll, an Ethereum L2. The card, which will start shipping in September, offers 3% cash-back on all transactions and allows users to borrow money against their crypto collateral.

On-chain real-world assets ("RWAs") have reached an all-time high.

Our new report explores this recent growth, outlines key RWA categories, and provides a tech-driven tour of some of the most interesting protocols in the space.

Read on ?
https://www.binance.com/en/research/analysis/rwas-a-safe-haven-for-onchain-yields

Highlights ?:
1/ Uniswap Labs settled US$175K charges with the U.S. Commodity Futures Trading Commission (CFTC) over illegal derivatives trading. The CFTC stated that Uniswap Labs allowed users to trade leveraged tokens without proper registration, violating commodities laws.

2/ Mastercard launched a euro-denominated crypto debit card in partnership with Mercuryo, to enable spending from self-custodial wallets. Following a pilot of a crypto debit card with the major self-custodial MetaMask wallet in August, Mastercard remains committed to eliminating the barriers between blockchain and conventional payments.

3/ Penpie encountered a security exploit that resulted in a US$27M loss in assets, including wstETH, sUSDe, agETH, rswETH, and other Pendle-related YT tokens. In response, the Pendle team swiftly paused their contracts, preventing a further loss of US$105M in assets that could have been further drained.

Payments is a massive, fast-growing, global industry that still remains tethered to 50 year old infrastructure.

Our latest report dives into some of the modern problems with the global payments infrastructure, and how blockchain technology can address them.

Read on ?
https://www.binance.com/en/research/analysis/blockchain-payments-a-fresh-start

Highlights ?:
1/ MakerDAO has rebranded to Sky and is set to launch its new stablecoin, USDS along with its governance token, SKY on 18 Sep. This rebranding is part of MakerDAO’s "Endgame", aimed at simplifying user experience and expanding its DeFi offerings. MakerDAO will also introduce "Sky Stars," independent decentralized projects within its ecosystem, starting with the DAI-focused lender, Spark.

2/ OpenSea received a Wells notice from the U.S. SEC, which classified NFTs sold on its platform as unregistered securities. OpenSea is prepared to go to court and has pledged US$5M to help cover legal fees for NFT creators and developers who receive similar notices.

3/ Stacks has launched the Nakamoto upgrade, designed to enhance transaction speeds and introduce sBTC, a Bitcoin-pegged asset secured by the Bitcoin network. Expected to be completed by mid-September, the upgrade will decouple the Stacks network’s block production from Bitcoin, increasing block production by 120 times.

Web3 adoption is under 1% globally, with user retention still lagging. It’s time for consumer-facing apps to bring Web3 to everyday users.

Our Binance research explores how use cases and distribution are key to making Web3 a household name.

Read on ?
https://www.binance.com/en/research/analysis/web3-the-household-name-in-the-making

Binance

Web3: The Household Name in the Making

Exploring the market dynamics and strategies shaping Web3 adoption.