Binance, the largest cryptocurrency exchange globally, made a significant announcement today regarding its latest altcoin addition. The platform revealed that it will list Worldcoin (WLD) in its futures market, offering traders the ability to trade with 20x leverage.
This new feature allows users to increase their potential returns by borrowing funds to trade Worldcoin. Binance’s decision to include Worldcoin in its futures offerings is likely to attract attention from both experienced traders and those looking for new opportunities in the cryptocurrency market.
With Worldcoin now available in leveraged futures trading, Binance continues to strengthen its position as a leading exchange, providing users with innovative ways to engage in cryptocurrency trading.
TRON DAO recently took centre stage as the title sponsor at TOKEN2049 Singapore, the largest Web3 conference globally, held at Marina Bay Sands. During the event, Community Spokesperson Dave Uhryniak delivered an enlightening keynote about TRON’s commitment to enhancing blockchain security. He announced the establishment of the T3 Financial Crime Unit (T3 FCU) in collaboration with Tether and TRM Labs, aimed at combating illicit activities involving USDT on the TRON blockchain.
The conference brought together prominent figures from the crypto industry, fostering discussions on innovation and growth in the digital asset space. TRON founder Justin Sun delivered opening remarks at multiple events, including an afterparty co-hosted with HTX DAO, which featured live music, complimentary refreshments, and a lively atmosphere for attendees to network and celebrate.
In addition, TRON DAO supported Google Cloud’s event titled ‘AI and Web3: Building a Trusted Digital Future,’ where Sun discussed the transformative potential of merging AI and blockchain technologies. The DAO also participated in Crypto Fight Night, highlighting the resilience of builders in the TRON ecosystem through a unique boxing tournament that integrates cryptocurrency.
TRON DAO’s involvement in TOKEN2049 emphasises its dedication to community empowerment and innovation, positioning the organisation as a leader in the evolving blockchain landscape.
Guggenheim Treasury Securities (GTS) has entered the blockchain arena by issuing $20 million in Digital Commercial Paper (DCP) on Ethereum, receiving a strong P-1 credit rating from Moody’s. This move is facilitated through the AmpFi.Digital platform, developed by Zeconomy, which focuses on tokenisation services for qualified investors. Zeconomy’s CEO, Giacinto Cosenza, expressed excitement about addressing the need for secure blockchain solutions, especially as the market for tokenised US treasuries now exceeds $2 billion.
The increasing interest from traditional finance firms highlights a shift towards digital assets, with significant participation from players like BlackRock and Franklin Templeton. BlackRock’s tokenised fund BUIDL has a market cap of over $513 million, while Franklin Templeton’s FOBXX follows closely behind. Cosenza noted that recent developments, such as the approval of crypto exchange-traded funds in the US, underscore a growing institutional demand for crypto solutions.
Ethereum continues to play a key role, with nearly $1.6 billion of all tokenized US treasuries issued on its platform. Meanwhile, Solana is making strides in the space, holding 5.5% of the tokenised US government securities market. Firms like Franklin Templeton and Citigroup are now looking to Solana for future financial products, indicating the blockchain’s potential for growth and innovation in digital finance.
Solana has emerged as the leading blockchain in terms of daily active addresses, surpassing established players like Bitcoin and Ethereum. Recent data reveals that Solana recorded 3.04 million active addresses, showcasing its increasing traction in the blockchain space. In comparison, Toncoin and Tron also showed impressive numbers with 2.89 million and 2.5 million active addresses, respectively, highlighting their growing ecosystems and user engagement.
While Bitcoin and Ethereum maintain strong market positions, their daily active addresses lag significantly behind newer competitors. Bitcoin registered about 779,650 active addresses, while Ethereum saw around 417,900. This trend suggests that newer blockchains may be drawing users away, likely due to factors such as lower transaction fees and faster processing times.
Other noteworthy blockchains, including Litecoin, Algorand, Dogecoin, and Avalanche, displayed varying levels of daily activity, reflecting a diverse landscape in user engagement. As blockchain technology continues to advance, the competition among these networks is set to intensify, potentially reshaping the future of digital asset interactions.
While Bitcoin offers an alternative way to purchase goods and services, most countries do not recognise it as legal tender. Only two countries, El Salvador and the Central African Republic, have officially adopted Bitcoin. El Salvador’s adoption, in particular, has seen economic improvements in areas like tourism and public investment, with the country’s Bitcoin treasury currently $58 million in profit.
Experts suggest that Bitcoin’s widespread use could reshape global economies, especially in regions like Africa and Latin America, where multiple currencies complicate trade. However, researchers caution that the financial system would need a major overhaul before Bitcoin could be used effectively as a mainstream currency.
Despite challenges such as volatility, some analysts believe Bitcoin’s mainstream adoption would bring benefits, including increased financial inclusion and reduced payment-processing costs. However, widespread acceptance is still dependent on Bitcoin first establishing itself as a store of value.
Bitcoin has retested the $65,000 resistance level, driven by continued accumulation from whales and sharks. The cryptocurrency has surged by over 21% this month, signalling a technical bull market. MicroStrategy, the largest corporate Bitcoin holder, has played a pivotal role in this push, purchasing an additional $458 million worth of Bitcoin and bringing its total holdings to 252,220. Institutional investors have also been active, with over $600 million inflows into Bitcoin funds this month.
Several factors are behind these gains, including falling interest rates, increased global money supply, and stimulus measures like China’s plan to inject $142 billion into its economy. Investors increasingly turn to Bitcoin as a hedge against rising US public debt, which has now surpassed $35.4 trillion. Technical indicators, such as the formation of an inverse head and shoulders pattern and a rising RSI, point to strong momentum building.
Despite this positive outlook, Bitcoin’s next key test lies in overcoming a critical descending trendline that has persisted since March. A clear breakout above this line must confirm a sustained bullish rally.
Visa has launched a new platform to help banks test tokenized assets and smart contracts, marking a significant step in its growing involvement in the digital asset sector. The payment giant’s tokenised asset sandbox has already been trialled by Spain’s Banco Bilbao Vizcaya Argentaria, to guide banks in navigating the evolving financial landscape. Visa’s initiative is part of a broader push to integrate fiat-backed tokens into the blockchain, offering regulated solutions for banks to issue their tokens and engage in on-chain capital markets.
Cuy Sheffield, Visa’s Head of Crypto, highlighted the growing opportunity for banks as real-world assets become tokenised on blockchains. He stressed that a regulated approach is essential, ensuring customers can access these digital markets safely. Visa’s move aligns with trends in traditional finance, where firms like BlackRock see immense potential in tokenising financial assets, a development that could revolutionise the industry. Central Banks are also exploring how tokenisation can modernise finance, with Visa playing a key role in advancing this transition.
Stablecoins are expected to lead the push for institutional adoption of cryptocurrency across Asia, according to Michael Gronager, CEO of Chainalysis. Speaking at the Token2049 conference in Singapore, he highlighted how stablecoins, whose value is tied to assets like the US dollar, are becoming a fundamental part of crypto trading. These digital assets account for two-thirds of blockchain transactions and are seen as a stable medium for both trading and storing value.
Despite Asia’s rapid uptake of crypto, with five countries in the top ten of Chainalysis’ Global Adoption Index, the US remains the most influential market. Gronager explained that much of the global trading volume originates from the US, and the industry continues to watch US regulators closely for signals on crypto policy.
Looking ahead to the upcoming US elections, Gronager believes the result will not significantly impact the crypto landscape, whether Donald Trump or Kamala Harris wins. Instead, he predicts that moving beyond the election will bring stability to the sector.
Worldpay, the global payment giant, is set to enter the blockchain space by verifying transactions, aiming to enhance its understanding of how funds flow through digital ledgers. According to a Bloomberg report from 26th September, the payment provider is in discussions with various blockchains to become a validator—an entity responsible for monitoring and confirming transactions on digital networks. Sanchit Mall, Worldpay’s web3 and crypto lead for the Asia-Pacific region, emphasised the company’s desire to be involved at the foundational level of blockchain ecosystems.
In 2024, Worldpay has already processed stablecoin transactions worth $1.3 billion, a notable increase from less than $1 billion in 2023. However, this still represents a small fraction of the total $2.3 trillion in annual transactions handled by Worldpay. As a validator, the company will need to stake a portion of the blockchain’s cryptocurrency, earning fees for its transaction verification efforts.
Worldpay’s move into blockchain validation marks a significant step, joining a competitive field that includes well-known validators like Coinbase and Galaxy Digital. Previously, the company has engaged in crypto-related initiatives, such as partnering with web3 payment provider Wert to improve access for cardholders and participating in trials for Fireblocks’ cryptocurrency custody solutions.
BNY Mellon, one of the largest US banks, is moving closer to offering custody services for Bitcoin and Ether exchange-traded fund (ETF) clients. This follows a decision by the US Securities and Exchange Commission (SEC) to ease requirements surrounding Staff Accounting Bulletin (SAB) 121, which had imposed strict guidelines for companies holding client Bitcoin.
SAB 121, introduced in 2022, required firms to list Bitcoin assets as liabilities, causing frustration in the industry. However, after reviewing the matter, the SEC’s Office of the Chief Accountant determined that BNY Mellon did not need to comply with SAB 121, allowing the bank to advance its crypto services.
Despite this progress, BNY Mellon still needs additional regulatory approval to offer these services at scale. The bank has stated that it continues to work with its banking regulators to fully roll out its custody offerings for crypto ETFs.
