27 September 2024Macro/TradFiOn Tuesday, China's central bank announced its largest post-pandemic stimulus to combat economic deflation.Kamala Harris publicly mentioned crypto: "We'll encourage AI and digital assets innovation while protecting investors and consumers."BNY Mellon is diving into the crypto custody market for Bitcoin and Ethereum ETFs, following the green light from the SEC.CryptoL1/L2:Franklin Templeton announced plans to launch a mutual fund on the Solana blockchain.DuckChain, the first TON Layer 2 project using Arbitrum Orbit, backed by TONScale Labs and Arbitrum, has launched its testnet and attracted over 2 million users.Eclipse, the first Ethereum layer 2 using the Solana Virtual Machine for transactions, is launching its mainnet in October.DeFi:The DeFi aggregator Zapper now supports Moonbeam Network to expand within the Polkadot ecosystem.Decentralized exotic-derivatives protocol Cega unveiled its Vault Token Market (VTM), enhancing liquidity, utility, and flexibility for users' investments.StablecoinU.S. Congresswoman Maxine Waters urged for a bipartisan stablecoin agreement by the end of 2024. At a September 24 committee hearing, she emphasized the need for strong federal regulations and consumer protections.Celo, an Ethereum layer 2 focused on mobile-first dApps and smart contracts, is challenging Tron's lead in daily active stablecoin addresses. The seven-day average on Celo has surged to nearly 700,000, close to Tron's count, per Artemis data.Ethena Labs announced its new stablecoin project, UStb, in partnership with BlackRock and digital securities platform Securitize.Others:Binance Exchange hits a major milestone, processing over $100 trillion in crypto trades since its 2017 launch.Binance unveils the Binance Pre-Market, enabling users to trade select Launchpool tokens ahead of their official spot market listing.Global investment firm Guggenheim Treasury Securities to issue $20 million in tokenized commercial paper on Ethereum.A New York judge ruled that the DOJ's case against Tornado Cash developer Roman Storm will go to trial.Latest Binance Research Publications Check out our latest publications:Navigating Crypto: Industry MapRWAs: A Safe Haven for On-Chain Yields?Monthly Market Insights - September 2024Explore our Binance Research website for more project and macro research.For more frequent market updates and insights, follow us on Twitter @BinanceResearch.That’s a wrap!Binance ResearchAbout 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.General Disclosure: This material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities, cryptocurrencies or to adopt any investment strategy. The use of terminology and the views expressed are intended to promote understanding and the responsible development of the sector and should not be interpreted as definitive legal views or those of Binance. The opinions expressed are as of the date shown above and are the opinions of the writer, they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Binance. This material may contain ’forward looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, cryptocurrencies or any investment strategy nor shall any securities or cryptocurrency be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Investment involves risks.
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