☀️ Binance Square Morning Brief | October 17

Payments are booming! $USDC is in the spotlight: Visa has launched stablecoin payments through Visa Direct, reaching more than 180 countries; Japan’s three largest banks have completed their first international stablecoin payment test; and Deutsche Bank has announced crypto custody services. The convergence of traditional finance and crypto is accelerating across the board.

$SOL ecosystem data is impressive: Q3 app revenue rose 48% quarter over quarter to $299 million; tokenized stocks reached a record quarterly market size of $7.1 billion; and DEX spot trading volume hit $197.2 billion, accounting for 36% of all on-chain activity. In addition, the Alpenglow upgrade is set to activate on October 21, targeting 150-millisecond finality and taking performance to the next level.

⚠️ Macro watch: Fed Chair Warsh has not ruled out another rate hike this month, and oil prices have topped $100 a barrel. Short-term market volatility may increase, so manage your positions carefully.

NFA | DYOR

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