Date: September 15, 2023
opBNB is Now Live!
opBNB is Live: Great news—opBNB has officially launched on the mainnet! Built on the OP Stack, this layer-2 solution offers cheaper gas fees, making blockchain tech more affordable and accessible for everyone.
Traditional Finance is Embracing Crypto
Franklin Templeton Eyes Bitcoin ETF: This well-known asset manager has filed for a Bitcoin Exchange-Traded Fund (ETF). They're joining industry leaders like Blackrock and Fidelity in the quest to make Bitcoin more accessible to mainstream investors.
Deutsche Bank Partners with Taurus: The established bank is making its entry into the digital asset space. They've teamed up with Taurus to create a secure and user-friendly platform for crypto trading and storage.
Swift Experiments with Digital Currencies: The financial messaging network you probably know from international money transfers is collaborating with big names like the Hong Kong Monetary Authority and the National Bank of Kazakhstan. They're exploring how to integrate digital currencies with traditional finance.
More On Layer Solutions (L1/L2)
Polygon 2.0 on the Horizon: Developers have released three proposals for the next big Polygon upgrade. Keep an eye out for more news on Polygon 2.0 and the POL token.
Manta Network's New Layer-2: Called Manta Pacific, this new zk-proof layer-2 network aims to cut down gas fees for both developers and regular users.
What’s New in DeFi
SushiSwap Expands: This decentralized exchange is now offering its services on the Aptos network.
Stablecoins
Mountain Protocol's New Yield-Bearing Stablecoin, USDM: This stablecoin isn’t just stable; it's also rewarding! Fully backed by U.S. Treasuries, it offers daily rewards through rebasing.
Other Noteworthy Updates
Security Alert: Be cautious, Vitalik Buterin's X account was hacked due to a SIM-swap attack. Victims lost over US$691K after clicking on a malicious link posted by scammers. Always think twice before clicking on links!
PayPal's New Feature: U.S. users can now convert crypto to USD directly into their PayPal balances.
Telegram Adds Wallet: The messaging giant has integrated a TON-based wallet, extending its crypto features to its 800 million users.
Fireblocks' Wallet-as-a-Service: Aimed at corporates, this new non-custodial wallet service gives complete control to the end-user.
Sony's Blockchain Venture: Sony Network Communications and Startale Labs are joining hands to launch a blockchain.
Circle and Grab Team Up in Singapore: They're piloting new Web3 customer experiences through Circle’s Web3 Services platform in the Grab app.
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Binance Research
About Binance Research: Binance Research is the research arm of Binance, the world's leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes.
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