Happy Friday! #Binance Bytes is an initiative by the Research team to provide a quick round-up of the week. Highlights 🧵:

1/ @vaneck_us confirms Russia and China are settling energy transactions using BTC and other digital assets, signaling a move away from U.S. dollar dominance in global trade. VanEck’s Matthew Sigel sees this as early evidence of BTC evolving into a functional trade tool,
2/ Donald Trump has signed a resolution repealing an IRS rule that would have required DeFi platforms to report crypto transaction data to the tax agency starting in 2027. Critics warned the rule would have burdened DeFi protocols and stifled innovation, while supporters viewed
3/ @Ripple's US$1.25B acquisition of Hidden Road, a prime broker serving 300+ institutional clients with US$3T in annual clearing across FX and digital assets, marks a major step toward institutional adoption of the XRP Ledger, with plans to move some of Hidden Road’s daily
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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