BNB price recently traded near $660 after briefly surpassing $690, recovering from April lows around $580. Grayscale's second amendment to its spot BNB ETF filing with the SEC highlights ongoing institutional interest, though regulatory approval remains uncertain due to SEC's cautious stance on Binance-related products. Technical analysis shows BNB testing a key resistance zone near $690, with potential targets at $700 and $780 if a breakout occurs. Long-term charts suggest strong accumulation zones between $300-$500 and ambitious upside targets over several years, while derivatives and ecosystem activity indicate growing market confidence. Investors are watching closely for a confirmed breakout above $690 to validate the bullish momentum.
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Binance has introduced an $800,000 XRP airdrop campaign for holders of Ripple's stablecoin RLUSD, offering weekly XRP rewards until August 14. To qualify, users must hold at least 0.01 RLUSD and meet a daily average trading volume of $500 in Margin o...
BNB Chain completed its 36th quarterly token burn, destroying 1,615,827.795 BNB tokens valued at approximately $931.70 million. This burn reduced the total BNB supply to 133.16 million, part of a long-term plan to lower supply to 100 million. The bur...
BNB Chain completed its 36th quarterly token burn by sending 1,615,827.795 BNB tokens, valued at nearly $932 million, to dead wallets. This burn reduces the total BNB supply to 133,166,127.91 tokens as part of an ongoing auto-burn system aimed at low...
Binance announced an $800,000 XRP airdrop with strict eligibility rules including full KYC verification and regional bans for residents of Canada, Japan, Iran, North Korea, and much of Europe due to regulatory compliance. Participants must hold at le...
