Happy Friday! The Weekly Market Highlights is an initiative from the Binance Research team to round up the week, summarizing key market events and views from the team. 🔎 Macro / TradFiVote-counting continues in the US midterm elections. 35/100 Senate seats and all 435 seats in the House of Representatives are up for election. The outcome will determine control of both chambers of the US Congress during the second half of Joe Biden’s term as pres

News Roundup Instagram Users Will Soon be Able to Mint and Sell NFTs - Instagram announced that in the near future, they will allow digital creators to mint and sell NFTs  directly on the platform. The latest update will allow creators to make their own digital collectibles and sell them both on and off Instagram, giving them an "end-to-end toolkit" for creating, displaying and selling NFTs.DappRadar Report Shows NFTs are Still in Demand - There’

Since the inception of bitcoin in 2008, the digital asset industry has been growing at a rapid pace, accelerating the emergence of the new digital finance economy. This booming new asset class has resulted in the development of new investment vehicles and opportunities with thousands of different projects, use cases and applications using blockchain technology to transform industry infrastructure. While there is a wide range of estimates on the n

 Following on from a big week, altcoins have had their time to shine as volume increased dramatically alongside subsequent price rallies. One of the biggest movers was $DOGE as volume picked up over 2000% with price rising 82.6% in the last 7 days. This comes after Elon Musk finalised the purchase of Twitter, the price quickly rose as Musk has hinted at DOGE use cases on Twitter previously! To top things off, Elon then posted a picture on his twi

Happy Friday! The Weekly Market Highlights is an initiative from the Binance Research team to round up the week, summarizing key market events and views from the team. 🔎 Macro / TradFiThe US Federal Reserve (“Fed”) raised rates by 75bps for the fourth consecutive time on Wednesday, bringing their target rate to 3.75 - 4%. Fed Chair Jay Powell further cautioned that it is still “very premature” to think about pausing rate hikes, although he added

The ongoing bear market has seen consistent accumulation by small and large BTC addresses. (CryptoCompare)Bitcoin (BTC) has plunged 70% since hitting a peak of $69,000 in November last year.The ongoing bear market may appear more brutal than previous ones considering several industry heavyweights like Terra, Three Arrows Capital and Celsius have buckled under the weight of the market crash. Yet it has a silver lining.According to data provider Cr

This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum’s evolution and its impact on crypto markets.Ethereum’s highly publicized recent update, “the Merge,” radically changed how the second-biggest blockchain network works by eliminating its reliance on cryptocurrency miners and dramatically reducing its energy costs. The network’s next upgrade, “Shanghai,” will focus on tying up loose ends.After a m

Risk assets, including cryptocurrencies, have recently found a footing on hopes that the Federal Reserve (Fed) will pivot away from jumbo interest rate hikes from December to end the so-called liquidity tightening sooner than expected and signal the same at its Nov. 2 meeting.However, major investment banks believe that the Fed could keep the doors open for continued jumbo rate hikes and a potential switch to smaller rate hikes would not necessar

News Roundup Art Blocks’ Friendship Bracelet Project to Explore Digital Artwork NFT in the Physical World - This has come with Art Blocks addressing that they are certainly obsessed with sunsets, and in this project, Eric, the Founder of Art Blocks, and Alexis André will be carrying out the exploration of the representation of digital artwork in the physical world. As revealed in a Twitter thread, the project is inspired by Judd’s capability to f

It has been 14 years since Bitcoin’s whitepaper was published. The crypto community is celebrating the occasion and noting how far the asset has come.Bitcoin inspired the crypto market present today, with its ethos of decentralization seen in everything from DeFi to Web3.Bitcoin first hit $1 in 2011, crossing $67,000 only a decade later. Despite many dismissals as a fad and a bubble from those in traditional finance, it has endured.The asset cont