The Daily Data Room: Friday, November 8th, 2024

The Daily Data Room is curated by Sílvia Teixeira

Today's headlines include Binance Labs' investment in BIO Protocol to transform decentralized science funding, BlackRock's spot Bitcoin ETF seeing 20% growth in Q3, Detroit becoming the first city to accept cryptocurrency for taxes and fees, and Dapp revenues reaching $164 million in October as adoption grows.

• Binance Labs, the venture capital arm of?Binance, has made a strategic investment in BIO Protocol, a blockchain-based platform aimed at reshaping early-stage scientific research funding.

• BlackRock's spot Bitcoin ETF had a 20% increase in net assets in Q3, surpassing $23.3 billion.

• Detroit officials stated that residents will be able to pay taxes and local fees in crypto beginning in mid-2025 via a secure PayPal network.

• According to a Binance Research research, 12 of the 15 protocols with the highest income in October were decentralized applications (dApps), totaling $164 million.

56% of you who follow us have not subscribed to this newsletter. If you find our daily news updates useful please take a minute to subscribe.

#familyoffice #familyoffices #assetmanagement #investmentmanagement #venturecapital #blockchain #Web3 #technology #innovation

This newsletter partnered with CryptoSlate. Find out more about presenting your brand to over 1 million people who read CryptoSlate in the link below: