Recently, Binance unveiled a new asset called BFUSD, which some thought would be similar to a high-yielding stablecoin. However, Binance stated that the asset has not yet been launched as a stablecoin, although it is expected to have a 19.55% annual rate of return.
In other news, the prices of memecoins such as PEPE and BONK have grown significantly. After listing on Robinhood and Coinbase, PEPE experienced a 118% price increase and reached a new high. BONK also achieved success with a growth of over 100% following its listing on Binance US.
Also, the overall digital currency market has seen the price of Bitcoin and Ethereum fall, but forecasts suggest that the price of Bitcoin may reach its all-time high by the end of 2024, especially given the political and regulatory changes following the US presidential election.
