Happy Friday! The Weekly Market Highlights is an initiative from the #Binance Research team to round up the week, summarizing key market events and views from the team.
Let's get the ball rolling 🧵👇
Let's get the ball rolling 🧵👇
1/ Macro
Non-farm payrolls are set to have increased by 200,000 last month, according to a consensus forecast compiled by Bloomberg. The slowdown in November is a further sign that demand for new workers is easing amid the Federal Reserve’s historic efforts to cool the economy.
Non-farm payrolls are set to have increased by 200,000 last month, according to a consensus forecast compiled by Bloomberg. The slowdown in November is a further sign that demand for new workers is easing amid the Federal Reserve’s historic efforts to cool the economy.
2/ L1
#Ropsten, the first public testnet to support @ethereum 's transition to a PoS, will be shut down this month. The remaining validator nodes will stop supporting the network between Dec 15 & 30.
#Ropsten, the first public testnet to support @ethereum 's transition to a PoS, will be shut down this month. The remaining validator nodes will stop supporting the network between Dec 15 & 30.
3/ DeFi
@phantom, the largest wallet on #Solana, says it will expand to #Ethereum and #Polygon. It claims its main strengths are its 24-hour support team and its ability to manage #NFTs. Phantom will be rolling out invites to the public beta in the next few weeks.
@phantom, the largest wallet on #Solana, says it will expand to #Ethereum and #Polygon. It claims its main strengths are its 24-hour support team and its ability to manage #NFTs. Phantom will be rolling out invites to the public beta in the next few weeks.
4/ DeFi (Cont.)
#Aave has frozen 17 low-liquidity v2 asset pools in a bid to protect against attacks like the one targeting Aave’s CRV pool last week. In a similar move, holders of #COMP token voted unanimously to cap the borrowing level of 10 assets supported by the protocol.
#Aave has frozen 17 low-liquidity v2 asset pools in a bid to protect against attacks like the one targeting Aave’s CRV pool last week. In a similar move, holders of #COMP token voted unanimously to cap the borrowing level of 10 assets supported by the protocol.
5/ DeFi (Cont.)
The community of MakerDAO, one of the largest DeFi protocols, voted to increase the rewards rate for its DAI stablecoin to 1%.
The community of MakerDAO, one of the largest DeFi protocols, voted to increase the rewards rate for its DAI stablecoin to 1%.
6/ NFTs
@opensea has announced support for @BNBCHAIN. Every NFT transaction on the BNB Chain that took place at the start of the year will be available on OpenSea. The marketplace will work to backfill historical data.
@opensea has announced support for @BNBCHAIN. Every NFT transaction on the BNB Chain that took place at the start of the year will be available on OpenSea. The marketplace will work to backfill historical data.
7/ NFTs (Cont.)
@Uniswap launched its own NFT aggregator, which will allow users to view listings of global floor prices, bulk buy NFTs, and list their own NFTs across seven different marketplaces.
@Uniswap launched its own NFT aggregator, which will allow users to view listings of global floor prices, bulk buy NFTs, and list their own NFTs across seven different marketplaces.
8/ NFTs (Cont.)
Built on top of Genie, early Genie adopters will be given an airdrop of 300 USDC for those who have more than one transaction on Genie before April 15, while Genie NFT holders will be eligible for 1,000 USDC.
Built on top of Genie, early Genie adopters will be given an airdrop of 300 USDC for those who have more than one transaction on Genie before April 15, while Genie NFT holders will be eligible for 1,000 USDC.
9/ NFTs (Cont.)
@MagicEden introduced “The Open Creator Protocol”, allowing new NFT creators to ensure royalties are paid whenever their NFTs are traded, regardless of the marketplace.
@MagicEden introduced “The Open Creator Protocol”, allowing new NFT creators to ensure royalties are paid whenever their NFTs are traded, regardless of the marketplace.
10/ Others
@Apple blocked @coinbase Wallet's last app release until they disabled the feature of sending NFTs. Apple’s claim is that the gas fees required to send NFTs need to be paid through their In-App Purchase system so that they can collect 30% of the gas fee.
@Apple blocked @coinbase Wallet's last app release until they disabled the feature of sending NFTs. Apple’s claim is that the gas fees required to send NFTs need to be paid through their In-App Purchase system so that they can collect 30% of the gas fee.
11/ Others (Cont.)
Lawmakers in Brazil have approved a cryptocurrency framework for the use of digital currencies. Once passed into law, Brazilians can use Bitcoin as a payment method, while digital assets will be recognized as an investment asset class.
Lawmakers in Brazil have approved a cryptocurrency framework for the use of digital currencies. Once passed into law, Brazilians can use Bitcoin as a payment method, while digital assets will be recognized as an investment asset class.
12/ Interested to learn more? Be sure to check out the #Binance Research website for more project and macro research reports.
research.binance.com/en/analysis
research.binance.com/en/analysis
13/ Lastly, we would appreciate it if you could share with us any feedback you may have via this form.
That’s a wrap!
Binance Research
docs.google.com/forms/d/e/1FAI…
That’s a wrap!
Binance Research
docs.google.com/forms/d/e/1FAI…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
