Binance Coin (BNB) is showing bearish signals after repeatedly failing to break the $680 resistance level, trading near $650 with a 1.25% decline and sharply reduced volume. Technical patterns and a high Average Directional Index suggest strong selling momentum, with a key support at $648; a drop below this could lead to an 11.5% fall toward $578. Derivatives data confirms increased bearish bets, though long-term holders seem to be accumulating BNB off exchanges. Meanwhile, optimism around potential spot BNB ETFs from Grayscale and VanEck could support the coin's outlook in the longer term, balancing short-term weakness with institutional interest.
Ethereum has strengthened its position as the top staking network with a 12.13% weekly increase in staked market cap, reaching $78.08 billion. This growth highlights a shift of investor interest back to large-cap, liquid networks despite mixed result...
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...
