Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights š§µ:
1/ President Donald Trump signed an executive order establishing a cryptocurrency working group to draft new digital asset regulations and explore creating a national cryptocurrency stockpile. The order also mandates protection of banking services for crypto companies, bans the creation of a U.S. central bank digital currency, and rolls back SEC guidance that had hindered crypto adoption.
2/ Telegram, with more than 950 million monthly users, has chosen The Open Network (TON) as its exclusive blockchain partner. TON will power Telegramās mini-app platform and via the TON Connect wallet protocol for seamless blockchain transactions. This deepened partnership establishes Toncoin as the sole cryptocurrency for payments on Telegram, including ads, subscriptions, and rewards. Telegram also plans to tokenize digital assets, like emojis and NFTs, exclusively on TON.
3/ Bank of America CEO Brian Moynihan supports integrating crypto payments into the U.S. financial system, pending regulatory approval. Speaking at the World Economic Forum, he emphasized the potential of stablecoins to streamline payments. Once skeptical, the bank now invests heavily in blockchain, holding patents and partnering with platforms like Paxos to enhance efficiency.
