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

1/ New Hampshire becomes the first U.S. state to establish a #Bitcoin and Digital Asset Reserve Fund. The legislation permits up to 5% of the state’s public funds to be invested in digital assets, provided the asset has a market capitalization of at least US$500B.
2/ Coinbase acquires @DeribitOfficial, a Bitcoin and Ethereum options trading platform, for US$2.9B as part of its strategy to expand its derivatives business. The transaction includes US$700M in cash and 11 million Coinbase shares. The acquisition comes amid heightened
3/ @vaneck_us has submitted a filing with the SEC to introduce the first U.S. spot BNB ETF featuring staking rewards. If approved, the initiative could significantly enhance institutional adoption and BNB liquidity. However, complexities around staking and the SEC’s historically
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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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