11 October 2024Macro/TradFiThe National Bank of Bahrain has unveiled its inaugural Bitcoin investment fund, tailored specifically for institutional investors within the Gulf Cooperation Council in the Middle East.The Hong Kong Securities and Futures Commission (SFC) is reportedly planning to grant additional licenses to crypto businesses by the end of the year.Crypto investment firm Canary Capital has filed an S-1 registration statement for a spot XRP ETF with the U.S. SEC, making it the second company to pursue this product this month.Asset Manager VanEck has introduced VanEck Ventures, a $30 million fund dedicated to investing in early-stage crypto and AI startups. The Thailand Securities and Exchange Commission has proposed new regulations that would permit mutual and private funds to invest in digital assets.According to AIMA and PwC, nearly half of traditional hedge funds (47%) now invest in crypto, an increase from 29% last year.CryptoL1/L2:Solana has led token launches, representing more than 87% of new tokens in 2024. The spike in new tokens, especially on Solana, can be largely attributed to the popularity of memecoins.TON has reached 100 million unique holders, defined as addresses with a non-zero balance.Optimism has unveiled Airdrop #5, with 10M+ OP being allocated to 54K+ unique addresses.Uniswap has revealed plans to introduce its own Ethereum layer-2 network named Unichain, leveraging Optimism technology to lower costs, improve transaction speeds, and increase liquidity across multiple blockchains.DeFi:Decentralized Exchange Jupiter has announced that its app is now available on iOS. Users can pay for crypto via Apple Pay, credit/debit card or PayPal.World Liberty Financial, the Trump-related DeFi project, has officially proposed launching an Aave V3 instance on Ethereum Mainnet.Puffer Finance, a liquid restaking infrastructure platform, has announced the launch of its new governance token and shared details about an upcoming airdrop. Puffer has a total supply of 1 billion tokens, with an initial supply of 102.3 million tokens.Stablecoin:Circle has announced the launch of native USDC on Sui.Gaming:Gaming giant Ubisoft, known for the popular Assassin’s Creed franchise, is set to launch its first game featuring blockchain-based, tradable in-game assets. The game is titled "Champions Tactics."Others:Cross-chain interoperability protocol deBridge has launched deBridge Hooks, facilitating real-time trustless data transfers between blockchains.Google has officially integrated ENS, allowing users to search for any .eth name and check associated balances directly within Google Search.Crypto.com has filed a lawsuit against the SEC after receiving a Wells Notice from the U.S. regulatory body.HBO documentary filmmaker Cullen Hoback has identified Peter Todd, a Bitcoin core developer active since 2010, as who he believes to be the real-world identity of Satoshi Nakamoto.A Chainalysis report revealed that Argentina tops Latin America in crypto value received, with an estimated US$91.1B.Ripple has introduced digital asset storage services for banks and fintech firms.Stripe has reinstated crypto payments for U.S. businesses, enabling them to accept USDC via Ethereum, Solana, and Polygon. This marks the first time in six years that Stripe's U.S. business customers can accept crypto payments since the company discontinued support for Bitcoin in 2018.Latest Binance Research Publications Check out our latest publications:Monthly Market Insights - October 2024Industry Observation: Valuation, Centralization, Transparency, and RebrandingNavigating Crypto: Industry MapExplore 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. 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