31 May 2024

Macro/TradFi

  • BlackRock has disclosed adding the iShares Bitcoin Trust to its income and bond funds. 

  • Argentina and El Salvador are reportedly discussing possible cooperation agreements on Bitcoin adoption. 

  • Medical device maker Semler Scientific announced that it has adopted Bitcoin as its primary treasury reserve asset.

Crypto

L1/L2:

  • Ethereum core developers are targeting Q1 2025 to release the Pectra Upgrade. The upgrade is likely to include EIP-7251 which will allow individual validators to stake a maximum of 2,048 ETH, more than the current limit of 32 ETH. 

  • Ethereum L2 Taiko has gone live on the mainnet.

  • TON blockchain’s total value locked (“TVL”) has exceeded US$328M, nearly double the TVL in April. This is likely driven by its ongoing ecosystem initiative, The Open League.

  • The Solana community has voted to give network validators 100% of priority fees generated by network users. This is a shift from the previous arrangement where Solana’s priority fees were divided equally between compensating Solana's validators and the Solana network's token-burning mechanism.

DeFi:

  • Aave has plans to launch its own blockchain, Aave Network, after its forthcoming V4 upgrade.

Stablecoins:

  • PayPal’s USD stablecoin (“PYUSD”) is now available on Solana, to make it faster and cheaper to use.

NFT:

  • Cristiano Ronaldo has announced his 4th NFT drop on Binance. The new collection launched on May 29.

Others:

  • ENS Labs has proposed a v2 upgrade to the Ethereum Name Service that involves migrating it to a Layer 2 network.

  • The merger of the tokens of AI protocols Fetch.ai, SingularityNET and Ocean Protocol will be completed on June 13.

  • Gemini announced that Gemini Earn users received US$2.18B of their digital assets in kind. 

  • Mastercard has introduced “Crypto Credential”. Users can send and receive crypto with usernames instead of wallet addresses.

  • AO, a new hyperparallel computer that enables distributed computing built on Arweave’s permanent data storage layer, will launch its native token on June 13.

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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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