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

Highlights đŸ§”:

1/ VanEck proposes Bitcoin-linked Treasury bonds to offset US$14T in U.S. debt. VanEck’s Matthew Sigel has introduced the concept of “BitBonds,” a hybrid debt instrument combining U.S. Treasuries with Bitcoin exposure as a novel strategy to address upcoming refinancing needs. Under the proposal, new bonds would include 10% BTC exposure, capturing all upside until the yield-to-maturity reaches 4.5%. This innovative asset class creates a new mechanism for incorporating digital assets into government debt structures to tackle fiscal challenges.

2/ Michael Saylor’s Strategy buys US$285M in Bitcoin amid market uncertainty, boosting its total holdings to over US$35.9B. This continued accumulation reflects sustained confidence in Bitcoin, even as global trade tensions and macro headwinds weigh on appetite for risk assets.

3/ Raydium rolls out Pump.fun competitor ‘LaunchLab’ to let creators easily spin up new tokens This marks a new phase of competition between the two Solana-based products, which were previously strong partners. LaunchLab enables users to launch tokens with direct integration into Raydium’s liquidity pools, while also allowing third-party platforms to set transaction fees.

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