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Offers New Products in Staking
• The global crypto market capitalization stands at $3.69 trillion, showing a decline of 1.54% in 24 hours
• Binance launched Yield Arena Offers with HYPER rewards (up to 1.2% APR) for ETH staking
• The Wealth Management area introduces limited-time products with APYs reaching 200%
• The stablecoin BFUSD was introduced with commission-free trading pairs and margin lending capabilities
Favorable Regulatory Winds for Staking Growth
• The SEC exempted liquid staking protocols like Lido and Jito from securities laws
• Regulatory clarity reduces compliance risks for platforms offering staking services
• Binance stopped offering staking for NFTs from the BAYC/MAYC collections, now focusing on products with utility
• The sector is moving towards sustainable yield mechanisms that are gaining regulatory acceptance