Weekly Market Highlights - The sequel to Uniswap and Polygon

 The Weekly Market Highlights is an initiative from the Binance Research team to round up the week, summarizing key market events and views from the team. 🔎 Macro / TradFi US inflation eased in May, with the consumer price index (“CPI”) rising by 4% compared to the previous year, the smallest increase since March 2021. The US Federal Reserve halted consecutive interest rate hikes after 15 months, deciding to examine more data before acting further. BlackRock, the world's largest asset manager, is preparing to file an application for a spot Bitcoin ETF, namely the iShared Bitcoin Trust. Bank of China's subsidiary BOCI issued $28M in digital structured notes on Ethereum, becoming the first Chinese institution to tokenize a security in Hong Kong, with support from UBS.

Crypto L1/L2: Polygon has unveiled Polygon 2.0, a network of ZK-powered Layer 2 chains, aiming to enable secure and instant cross-chain interactions and establish the "Value Layer of the Internet”. Ordinals has introduced recursive inscriptions on Bitcoin, allowing NFTs to reference each other and overcome the 4 MB block size limitation, leading to improved storage efficiency, reduced transaction fees, and potential use cases like 3D video games and an internal internet on Bitcoin. DeFi: Uniswap Labs has released the code for Uniswap v4, introducing customizable liquidity pools through the use of "hooks," enabling the development of on-chain limit orders and other innovative features, with the deployment of v4 planned after gathering community feedback. EigenLayer, a re-staking protocol, is now live on Ethereum, enabling holders of liquid staking tokens to double down for additional yield with an initial limit of 3,200 per asset. Singapore-based Ribbon Finance announces the launch of Aevo, an options exchange offering Bitcoin and Ethereum derivative products.