BNB Chain completed its 36th quarterly token burn, permanently removing 1.61 million BNB tokens valued at approximately $932 million. This burn reduced the total BNB supply to about 133.17 million, moving closer to the long-term goal of 100 million tokens. The burn process now occurs directly on the BNB Smart Chain, sending tokens to a blackhole address to ensure they cannot re-enter circulation. The Auto-Burn system will continue quarterly burns based on network activity and BNB price, alongside real-time gas fee burns, to steadily reduce supply over time.
Bitcoin's price recently climbed back above $65,000 but faces strong resistance in the $65K-$67K zone, which is crucial for determining its next move. Despite positive ETF inflows and some accumulation by long-term holders, buying pressure has not be...
Mike Silagadze, CEO of ether.fi, has publicly bet $1 million that Ethereum's proposed EIP-8363, which introduces a tapered burn on validator rewards as staking increases, will centralize the network by pushing out smaller validators. The proposal aim...
Cryptocurrency prices exhibit varied changes, with Bitcoin trading around $64,878 and Ethereum near $1,913. While some coins like ZEC and OKB show gains above 3%, others such as XRP and SHIB experience declines. This mixed performance highlights ongo...
DeFi's total value locked (TVL) slightly declined to $75.12 billion, down 0.3% from last week and about 34% below the year's peak, reflecting cautious capital deployment despite steady network activity. Ethereum remains dominant with over 55% of TVL ...
The U.S. Senate postponed the vote on the Crypto Clarity Act until September, causing XRP to drop 5.5% over the week, the largest decline among major cryptocurrencies. Bitcoin remained stable around $64,300, supported by inflows into spot bitcoin fun...
