LATEST: 45% of Binance Users Entered the Crypto Space This Year, Binance Reports Shows

Binance, a leading global cryptocurrency exchange, released survey results showing a significant influx of new users in 2024, with 45% of respondents entering the market this year. The survey, drawing from over 27,000 participants across six continents, highlighted the growing appeal of digital assets. Users pointed to potential rapid appreciation, decentralization, and financial independence as key motivators.

Interest in meme coins and Binance’s own BNB token outpaced traditional choices like Ethereum, indicating a shift in user preference. Despite their relative inexperience, nearly half of the respondents have invested less than 10% of their total assets in crypto. The community remains optimistic, with many anticipating favorable regulations and increased traditional financial sector engagement in 2025.

This enthusiasm reflects a broader trend towards blockchain technology and digital assets. While the survey sample may not fully represent the entire crypto space due to geographical and legal limitations, it underscores a significant, enthusiastic growth within the community.

Report

Trump-Backed World Liberty Financial Forges Partnership With Ethena Labs — ENA Token Gains Amid Broader Slump

World Liberty Financial, a cryptocurrency project backed by President-elect Donald Trump, announced a strategic partnership with decentralized finance protocol Ethena Labs ENA/USD on Wednesday

What happened: Ethena Labs stated on X that a proposal has been submitted to explore Ethena Staked USDe (CRYPTO: sUSDe), a reward-bearing stablecoin, as a collateral asset on the upcoming protocol.

“Should it pass, this proposal will enable World Liberty Financial users to benefit from sUSDe rewards and also WLF token rewards,” Ethena Labs said.

Ethena issues the so-called synthetic stablecoin USDe, which, unlike other dollar-pegged stablecoins like Tether USDT/USD and USD Coin…

Read more on Benzinga

Congress kicks the can – Blockworks

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In a real 11-hour move, Congressional leaders have unveiled a stopgap bill to fund the government for three more months. 

Should it pass, lawmakers will narrowly avoid a government shutdown. However, the new deadline to agree on a budget would come during President-elect Trump’s crucial first 100 days in office. 

Lawmakers now have until Friday to pass the highly-anticipated continuing resolution, all 1,500 pages of it. The House Rules Committee will have to approve a violation of the 72-hour rule, whereby bill text is released three days ahead of a vote. Over in the Senate,…

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A long-awaited NYSE American listing

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

Industry insiders have predicted more crypto IPOs in 2025. In a possible preview, today we saw a segment player uplisted to a major exchange.

Shares of crypto wallet provider Exodus became available on the NYSE American stock exchange Wednesday. It was a “finally” moment for the company, which had prepared for this in May before an unexpected delay.

Exodus considers itself “a pure-play crypto company” at a time when more investors seek exposure.

CFO James Gertneztke said access to capital markets could be helpful for product and marketing initiatives, or for buying other…

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Fed delivers expected 25bps cut as investors speculate a Santa rally 

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

The FOMC today, as expected, lowered interest rates by 25 basis points. Committee members cited a commitment to achieving “maximum employment” and getting inflation closer to its 2% target as reasons for the decision. It’s the central bank’s third consecutive rate cut, but projections show committee members expect to slow their pace of decreases in 2025. 

Odds of another 25bps cut in January are now at 82%, according to data from CME Group. 

Committee member projections published Wednesday show the median interest rate target by the end of 2025 falling in the 3.75% — 4%…

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Self Custody For Me, But Not For Thee

One counter-argument against pushing for greater scalability with Bitcoin is that “most people won’t self-custody anyway, so why bother?”

This is a wildly assumptive, arrogant, and outright fallacious argument. It is the same type of logical fallacy that human beings can’t help but make. The current state of the present is an indicator of what the state of the future will be.

“It’s not raining today, so it won’t be raining tomorrow.” It’s…

Read more on BitcoinMagazine