Binance Research has released a 25-page report on Bitcoin's new Runes Protocol, which is described as the new standard for fungible tokens, replacing BRC-20 tokens. The report highlights the differences between BRC-20 and Runes, explores the potential of Runes to improve trading user experience and infrastructure, and details the effects of Runes on Bitcoin's metrics. It also mentions the potential of OP-CAT & OP-CTV to lead to a smoother future. Additionally, the report suggests that Binance may plan to list Runes in the future. Concurrently, the Bitcoin halving event has concluded, and the Runes Protocol has officially gone live on the mainnet, with the Runes Ecosystem now offering various features.