My friend sent me a "puzzle" in binary, and said that there are multiple steps to solving the puzzle, all of them including decryption. I translated the binary into text and he said that was a good first step, but I have absolutely no idea what cipher to use past that on the text. He said it requires a key and that the post he sent me should have all I need to solve the puzzle. Unfortunately, I'm completely stumped. I've been locked into using a Vigenere cipher because I believe he hid a keyword somehow, but I'm afraid I might be tunneling on that too hard. Can you help me figure out the next step?
Here's the full "puzzle" he sent me. Whether it's a copypasta, I do not know.
Alright so to quell my boredom I have decided to make a puzzle, whoever solves this puzzle and tells me the answer will get $100 cold cash in their hand. For each day that passes I will give one hint but the cash will drop 10 dollars for each hint. The first hint is free, no this puzzle isn't just conversion that's just a step.
Puzzle #1
01001001 01000010 00100000 01001000 01001110 00100000 01000001 00100000 01000011 00100000 01010110 01010101 00100000 01001011 00100000 01011000 01010100 00100000 00111001 00100000 01010000 00110111 01001011 00100000 01011010 01000111 01000111 00100000 01010010 01010000 00100000 00110010 00110000 00100000 00110011 01010001 00100000 01001100 00100000 01001011 01001001 00100000 01000100 00100000 01011000 01010100 00100000 01010111 00110011
Good luck.
Translating the binary to text yields: IB HN A C VU K XT 9 P7K ZGG RP 20 3Q L KI D XT W3
That's as far as I've gotten.
Updates
Hint 1: The creator has posted a hint.
It's something that makes him happy.