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📺 Essential Videos 📺

Bitcoin BRC-20s, Ordinals NFTs 👉 https://youtu.be/IyuwI5q7HwA?si=rgnj5un8y8R0PLy5
Ethereum Updates 👉 https://youtu.be/N_dsJ65HV4w?si=vxehdeu4IFARnjUN
Celestia 👉 https://youtu.be/UUkZN5KL-3A?feature=shared
Solana Updates 👉 https://youtu.be/PFP3geumKwc?si=R89hqew_0_1-pnrY
DePIN Report 👉 https://youtu.be/goJE9FQzjn8?si=I8L8WNV87l-T-5C_
Crypto Narratives 👉 https://youtu.be/XD6KSZNTpt4?si=PwNVIuPIlit13b2n
Stablecoin Market Caps 👉 https://youtu.be/n-dM8-x9EL0?si=OBdd04N6yQeiyCFO

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⛓️ 🔗 Useful Links 🔗 ⛓️

► Binance Research Full Report: https://www.binance.com/en/research/analysis/full-year-2023-and-themes-for-2024
► Binance Review: https://www.coinbureau.com/review/binance/

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– TIMESTAMPS –
0:00 Intro
0:30 Bitcoin
4:42 Altcoins
8:22 Layer 2s
10:31 DeFi
13:42 Stablecoins
16:29 NFTs, Predictions
20:48 What It Means For Crypto
22:52 Outro

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Crypto #Binance #Bitcoin

No entities in the crypto industry have a better understanding of the market than exchanges that’s why when we saw that the world’s largest cryptocurrency exchange had published a report about what’s been going on in crypto and what comes next we knew we had to cover it so today we’re going to summarize this

Report and tell you exactly what it could mean for the market this is a video you cannot afford to miss the report we’ll be summarizing today is called quote full year 2023 and themes for 2024 it was published by binance research earlier this month and

We’ll leave a link to the report down in the description we do suggest giving it a read if you have the time as it’s too long to fit all of the details from it into this video we’ll give you the juiciest bits though so the report begins with a brief overview wherein the

Authors note that the total crypto market cap has doubled over the last year what’s interesting is that most of these gains came in q1 and Q4 of last year it looks like we’re on track to see a similar phenomenon this year anyways the first part of the report unpacks

Everything that’s been going on with layer one cryptocurrencies starting of course with Bitcoin the authors take note of new Innovations like ordinals nfts and BRC 20s which have been increasing network activity and interest in the Bitcoin ecosystem and note that we did an in-depth video about bitcoin’s ordinals

And BR c20s and you can find the link to that in the description now if you want to get a sense of just how much activity Bitcoin experienced the authors provide this in-depth infographic which shows its growth across multiple metrics including price onchain activity Etc as you can

See almost all of these metrics are in the triple digits or more with transaction fees Rising 1, 1400% the only outlier is a 9% decline in active Bitcoin wallet addresses this could be taken as a sign that most of the activity Bitcoin experienced over the last year was coming from institutional players and

Not retail this wouldn’t be surprising given that there aren’t many retail investors during bare markets after reviewing some obviously bullish sentiment metrics the authors analyzed btc’s correlation to the S&P 500 which hit its lowest level in 3 years this is not surprising given that crypto tends

To be more correlated to tech stocks and small cap stocks measured by the NASDAQ and Russell 2000 respectively unfortunately the authors didn’t assess these correlations for BTC fortunately though they did seem to reveal some Alpha about BRC 20s that are on their radar these include Audi SATs

And three other BRC 20s which I’ll let you look up on your own time I’ll just remind you though that this report was written by binance anyhow to the author’s credit they took the effort of editing their report to factor in the spot Bitcoin ETF approvals which recently occurred there’s not much to

Note on that front I’m sure that all of you will know that it seemed to be a sell the news event at least in the short term due to selling from grayscales Bitcoin ETF and naturally the authors also touch on the harving which is scheduled to occur sometime in April

As most of you will know this will cut the amount of BTC mined per block in half and this restriction in Supply coupled with the same or more demand should cause btc’s price to double or more eventually what’s fascinating is that the authors make the argument that

Bitcoin is going to require require lots of transaction fees for miners to stay incentivized and point to BRC 20s ordinals and other Innovations as the solution this is fascinating because this seems to be a problem that’s very much in the future on that note the authors predict that Bitcoin layer 2os

Will become popular due to the increase in fees on the base chain arising from these Innovations they also predict that we’ll see Bitcoin focused defi protocols emerge as a result allowing people to put their BTC to work very exciting stuff and speaking of exciting if you’re

Enjoying the video so far be sure to smash that like button to give it a boost now this begs the question of what’s been going on with all the other layer ones what’s funny is that the authors literally just group them all as quote the other layer ones following a

Few standard statistics for the largest altcoins the authors unpack everything that’s been going on with ethereum this this includes the rising popularity of liquid staking the shift in activity to ethereum’s layer 2s and the growing use of liquid staking tokens in defi something that many believe to be a risk

To eth itself you can learn more about that by watching our recent ethereum update using the link in the description next the authors unpack everything that’s been going on with BNB which is technically independent of binance now they include the launch of a new data storage platform on BNB called

Greenfield the launch of a layer 2 called op BNB and the growth in total value locked in its defi protocols after that they unpack everything that’s been going on with salana and if you watched our recent salana update you’ll know about most of it to quickly recap salana

Seems to have solved its outage issues and is planning a new validated client called fire dancer that will increase its speed and decentralization the reports authors also touched on all the airdrops that have been happening for salana including the one for pith Network I’ll quickly note that we

Covered pith Network for our coin Bureau club members and you can become a member of coin Bureau club by using the link in the description worth checking out if you’re into small cap gems and some full disclosure I and some of my colleagues hold pith in our personal portfolios and

You can find out what else we’re holding by becoming a club member too anywh who the reports authors also touched on the growth of sala’s deepin and payments ecosystems those of you who watched our recent summary of masari’s deepin report will know that salana seems to be the

Number one blockchain for deepin cryptos and is also trying to position itself as a payment rail for usdc now following the salana analysis the authors turned their attention to Avalanche and focus on the impressive growth its subnets have seen in case you miss the news Avalanche launched a

Subnet for an orderbook based deck and its gaming based subnets have seen some serious adoption notably the shrapnel subnet other notable subnets can be seen here you’ll notice that the largest one is meld which was once the top project on cardano and speaking of cryptos with blockchain ecosystems the authors also

Give a brief overview of Cosmos this is telling given that it’s not the largest layer one by market cap after Avalanche and technically isn’t really a layer one either but hey now logically this suggests that binance or at least binance research are watching the cosmos ecosystem very closely here are the

Specific Cosmos projects that they have their eye on for those listening they are osmosis Cosmos itself Axel which we also reviewed for CBC members Noble and Celestia which we recently reviewed here on the main Channel you can find a link to that video in the description oddly enough the authors didn’t seem to

Have that much to say about Cosmos itself and what’s even more odd is that the authors grouped most of the other layer ones into another subsection and only provided a couple of sentences for some we reckon this underscores which cryptos binance are taking seriously now in the second part of the report the

Authors look at the growing layer 2 landscape for anyone unfamiliar layer 2’s basically process multiple transactions on a separate chain and submit them as a single transaction to the layer one blockchain they connected to this increases speed and lowers costs lo and behold layer 2s have been

Extremely popular as of late to put things into perspective the total value on layer 2 blockchains tripled last year according to the authors the summer of 2023 was called the L2 summer it seems we missed the memo about that one any anyhow the authors highlight the fact

That ethereum’s layer 2s are now more popular than ethereum itself based on transaction volumes this is eye openening and it foreshadows a scenario where layer twos start to compete with the base chain for fees something that many analysts have predicted another eye-opening statistic is the number of

Active Wallets on layer 2os which stood at over 500,000 at the end of last year more than double that of ethereum the Silver Lining is that all of this activity is resulting in lots of data being published to ethereum by its layer twos slightly increasing the demand for

Eth now the peculiar thing about these layer twos is that almost all of the larger ones are using optimistic rollup technology the authors don’t explain why this is but they do provide a list of the largest optimistic based layer twos and it reveals that arbitrum and optimism collectively hold most of the

Layer 2 tvl the authors go go on to do a deep dive into every single one of the largest layer 2s we don’t have the time to go through all of these here but we already have videos about a few of them now at the end of this part of the

Report the authors provide some guidance on what to watch in the L2 landscape in 2024 they note ethereum’s upcoming denune upgrade crypto projects that provide rollups as a service the decentralization of rollups and zero knowledge Technologies as areas to watch and this ties nicely into the third part

Of the report which is all about decentralized Finance or defi as with most crypto niches defi saw explosive growth in 2023 and once again to their credit the authors note that most of this increase in total value locked came from the value of the coins and tokens

Increasing in other words the rise in defi tvl was mostly due to Rising crypto prices and not new inflows as a fun fact in fact it’s believed that the demand for leverage in defi is highly correlated to eth’s price this makes perfect sense given that eth and now

Also St eth is the most popular form of collateral in defi in any case the authors go on to take a closer look at five sectors within di5 the first is liquid staking which you’ll recall has been very popular particularly on ethereum if you want a sense of just how

Popular liquid staking is liquid staking Protocols are now the largest defi protocols on most chains next the authors look at lending where most of the increase in total value locked has come from trom specifically a single protocol called just lend regardless the next defi sector the authors analyze is dex’s AKA

Decentralized exchanges what’s insane is that dex’s saw combined trading volumes of nearly $1 trillion in 2023 now we had to triple check that figure because it is truly mental more importantly it foreshadows dexes competing with centralized exchanges or Sexes and another defi sector that could become popular meanwhile is LSI a new

Class of defi protocols which are built on liquid Stak coins and tokens the authors point to the difference in liquid Stak tokens and lstf tvl as proof $29 billion versus $1 billion it’s likely that more liquid state tokens will eventually flow into LSI the last defi sector the authors

Examine is tokenized real world assets or rwas which has been a big narrative as of late as the term suggests rwas are well real world assets that are tokenized on a crypto blockchain the biggest class of rwas is stable coin coins which are essentially tokenized fear besides stable coins the biggest

Class of our wa is tokenized treasuries of which there are apparently almost 1 billion in circulation this is surprising considering that investing in US Securities presumably requires kyc yet most of the defi protocols offering rwa exposure presumably don’t now as it happens regulations are a big part of

Why we’re not yet convinced that rwas will in fact be a big narrative during the next crypto bull market regardless you can learn more about rwas and other crypto narratives using the link in the description but back to stable coins because stable coins happen to be what

The fourth part of the report is all about the authors start by saying that the total market cap of stable coins actually contracted by 5% last year if you watched our video about stablecoin market caps you’ll know why that’s so significant the tldr is that each Stable coin’s Market Cap fundamentally grows

Because of a specific demand driver for usdt the main demand driver is leverage for usdc the main demand driver is Defi and so on whereas usd’s market cap has grown USD C’s had been shrinking until fairly recently then there’s B USD whose market cap decline is to blame for most

Of the overall stablecoin market cap decline in case you missed the memo paxos was ordered to stop issuing B USD in February last year binance meanwhile discontinued B USD trading late last year and it seems it will be phased out completely in the coming weeks the

Decline of BU USD has resulted in an eerily familiar scenario the third largest stable coin by market cap is a descent centralized stable coin makeer Dows die Once Upon a Time the third largest stable coin by market cap was also decentralized Terrors us thankfully D doesn’t have the same

Issues that us did at the same time two relatively new stable coins have rushed to fill in part of the Void left by B USD these are TUSD and FD USD the former of which reportedly has connections to Tron and the latter of which was very recently launched presumably by an

Entity affiliated with binance given its zero fee FD USD trading that reminds me if you happen to be an active Trader you need to check out the coin Bureau deals page it’s got trading fee discounts of up to 60% and signup bonuses of up to $50,000 on the best crypto exchanges

These deals are available for coin Bureau viewers only and for a limited Li mited time only too so take advantage of them by using the link in the description before it’s too late anyhow audities aside the authors then pivot to talking about a growing Niche within the stablecoin ecosystem and that’s

Collateralized debt positions or cdps put simply cdps involve locking up some amount of crypto to Mint a stable coin there are multiple CDP stable coins out there each with its own unique mechanism in the fifth part of the report the authors discuss another crypto Niche that’s been flying under the radar and

That’s nfts they begin by saying that 2023 was a quote interesting year for nfts which is code for bloodbath as you can see though nft trading exploded at the end of 2023 as you might have guessed this was mainly driven by the hype around ordinals nfts on bitcoin as

Well as the Resurgence of nfts on salana due to the hyp around its ecosystem late last year following an analysis of nft marketplaces and their surprisingly low volumes the authors turn to their predictions really says a lot doesn’t it anyhow they predict that there will be continued Innovation around nfts

Including nft derivatives trading they also believe that the biggest nft collections will stay the biggest and that Bitcoin nfts will continue to be a new Niche to watch note that some Bitcoin nft projects recently raised money now in the sixth part of the report the authors cover two narratives

That are likely to be big during this crypto bull market game fi and social fi if you watched our aformentioned video about the biggest crypto narratives you’ll know that these will be big because they’re less Financial in nature so less regulation in theory regarding gamey the authors note the biggest

Blockchains for gaming are currently BNB ethereum polygon and salana the caveat is that only around 28% of blockchain games are currently live as such it’s possible that this blockchain leaderboard will change as the remaining 72% come online regarding social fi meanwhile the authors say that most social fi activity in 2023 centered

Around friend. Tech which was a flash in the pan in retrospect for context friend Tech effectively allowed those with large followings to sell shares of themselves to their fans in exchange for various perks not our thing I must say as you can see the trading volume on

Friend. te fell off a cliff towards the end of last year as did the activity on most social F platforms for what it’s worth the authors believe that AR’s profile focus social F layer dubbed lens protocol will revive social fire activity in the future sounds about

Right in the seventh part of the report the authors assess the state of VC investing that is how much money crypto projects have been raising these days quite a lot as it turns out it seems that the four largest raises totaled over 1 billion dollar the catch is that

These were mostly companies not projects The Only Exception was Sal’s Wormhole Bridge which raised a whopping $225 Million last November I’ll quickly note that this could foreshadow a wormhole airdrop given its similarities to pith Network and similarity in activities prior to its own airdrop be sure to keep your eyes

Out for that one in terms of sectors infrastructure related cryptos and companies saw the most funding rounds with a whopping 38% of all VC Capital being allocated to such entities this includes Wormhole FYI notably the biggest investors were coinbase A6 Z and animoca Brands now in the final part of

The report the authors give their predictions for the biggest crypto themes of 2024 the First theme they predict will be big this year is Bitcoin and its ecosystem this is again due to all the Innovation around ordinal nfts BRC 20s layer 2s and other aspects of Bitcoin

The second theme they predict will be big in 2024 is deep in and decentralized social media AKA d the third is AI the fourth is rwas the fifth is additional defi Innovation the sixth is institutional adoption the seventh is crypto security and the last is new tools that will onboard more

Users to web 3 so this brings me to the big question and that’s what all of this means for the crypto Market well the short answer is that it’s additional evidence to the idea that crypto is starting to expand Beyond Financial use cases this is evident in everything from

The use of layer twos to the growth of deepin don’t get me wrong most of crypto’s use cases are still very much related to finance and even these newer non-f financialized niches involve lots of it the thing is that there’s a very clear Trend towards building the kind of

Infrastructure that lends itself to non-financial use cases the fact that VCS seem to be in investing heavily in infrastructure cryptos is additional evidence to this idea with more infrastructure crypto will be able to offer more use cases and this will ultimately increase its adoption we suspect that next year’s binance

Research report will reflect this fact between now and then we have what may be the once in A- lifetime opportunity to partake in investing in some of this next Generation infrastructure it goes without saying that we won’t get the same entry point that many of the VCS

Did but if these crypto projects deliver the gains will be large nonetheless the only hurdle to these gains is finding these quality crypto projects and doing your due diligence on them this is of course easier said than done which is again why we started the coin Bureau

Club we give you weekly reviews of promising new and small cap Al coins that were voted on by our members we also let you see our personal crypto point portfolios as well as the cryptos we have on our watch list and give you access to an exclusive research feed

That contains lots of crypto Alpha as a cherry on top coin buau club members get access to exclusive Discord channels where they can discuss all of the above so if you’re interested remember that you can become a member by using the link in the description and that’s all for today’s

Video folks so if you learn something new let us know by Smashing that like button if you want to keep learning be sure to subscribe to the channel and if you want to help others learn take a second to share this video with them if you’re actively trading crypto I’ll

Remind you that the coin Bureau deals page has trading fee discounts of up to 60% and sign up bonuses of up to $50,000 be sure to take advantage of these limited time offers before they’re gone link is in the description with all that said thank you

As always for watching and I’ll see you in the next one this is Guy bidding you goodbye