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11 Oct, 14:32
Bullish on BNB driven by TradFi integration and continuous burn
Bullish-23.02%
AI Summary
The author expresses a bullish outlook on BNB and the broader crypto-TradFi convergence, highlighting Binance's strategic growth in traditional finance, stablecoins, and user acquisition, alongside BNB's continuous burn mechanism.
After reviewing various speculative posts about 2049 and having private discussions with many attendees at the event, the topics generating the most discussion are RWA, tokenized stocks, AI, and security.
Looking at future trends, we can refer to Binance's strategic direction, focusing on which areas show concentrated data growth:
1. US Stocks and TradFi Business
This is Binance's key focus this year and its main task. Monthly TradFi volume exceeds $80 billion.
Direct Stocks cumulative trading volume has surpassed $3 billion, covering over 7,000 US stocks and ETFs.
TradFi perpetual contract trading volume has exceeded $1.6 trillion.
bStocks assets under management have surpassed $500 million, with collateral loan balances continuously increasing, exceeding 46%.
2. User Growth
User base has broken through 300 million.
Currently, new asset methods such as on-chain US stock trading, TradFi perpetual contracts, and staking have driven growth and retention among traditional users, emerging market users, institutional users, and retail users.
3. Stablecoin Market
Binance invested $100 million in Circle, deepening cooperation with USDC, particularly in areas like on-chain US stock settlement and payments. Currently, Binance's USDC reserve balance exceeds $5 billion.
Additionally, there is deep cooperation with USD1, U, etc. The stablecoin market is not just about settlement but also the usage and promotion of payments and U-cards.
4. $BNC Treasury and Tax Token Mechanism Empowerment ultimately empower $BNB.
$BNB continues to be burned; on October 5th, the price broke through $800.
From Binance's data perspective, on-chain US stocks, TradFi, stablecoins, and tokenized stocks are all future trends and new user growth points.
Recently, security issues have been prominent, such as concerns over digital currency theft due to hardware wallets and public Wi-Fi. Many believe that instead of using hardware wallets, it is better to keep assets on reputable exchanges like Binance.
@1096361BTC This project is interesting, earning points through social tasks and "cracking Satoshi's wallet" methods.
1,096,361 BTC lie dormant in Satoshi's wallet, with the public key publicly available on-chain since 2009. Some worry that quantum computing might threaten the security of these coins. MemeBitcoin干脆 (simply) posted this task: everyone gets 10 chances per day to attempt hitting the BTC private key to earn points.
I'd like to ask Cousin and Sister-in-law: if early addresses believed to belong to Satoshi do show unusual activity, should exchanges treat it as a regular large transfer or as a security alert requiring industry-wide coordination?
@heyibinance @cz_binance