BNB

Projects competing to become the dominant "layer 2" network atop Ethereum are now competing to become networks of networks. (Unsplash)
BNB Chain’s Layer 2 Network opBNB Goes Live
The Ethereum Virtual Machine (EVM)-compatible L2 chain scalability solution based on Optimism OP Stack expands the BNB Chain ecosystem to provide cheaper gas fees for projects.
Projects competing to become the dominant "layer 2" network atop Ethereum are now competing to become networks of networks. (Unsplash)

(Nikhilesh De/CoinDesk)
Binance to Offer 'T+3' Daily BNB/USDT Options
The new T+3 BNB/USDT options will have a trading lifetime of three days.
(Nikhilesh De/CoinDesk)

BNB price over past week (CoinDesk)
BNB Token Stumbles to 1-Year Low Amid Mounting Scrutiny Over Binance
Formerly known as Binance Coin, BNB sunk to as low as $204, its weakest level since late June 2022.
BNB price over past week (CoinDesk)

Binance CEO Changpeng "CZ" Zhao (Getty Images)
Binance Could Face U.S. Fraud Charges, but Prosecutors Worry About Risk of Bank Run: Semafor
The price of bitcoin (BTC) and Binance's BNB token immediately fell following the report.
Binance CEO Changpeng "CZ" Zhao (Getty Images)

Binance Logo (Danny Nelson/CoinDesk)
Binance Says It Intends to File Motion to Dismiss CFTC Complaint
The CFTC sued Binance, its founder Changpeng Zhao and compliance officer Samuel Lim in a U.S. court in Illinois in March, alleging that the exchange operated a derivatives trading operation in the U.S.
Binance Logo (Danny Nelson/CoinDesk)

Celsius deposits to FalconX (Arkham Intelligence)
Celsius Moves $59M of Altcoins in Possible Prelude to Converting Into BTC, ETH
A U.S. bankruptcy court previously granted the crypto lender permission to sell its altcoin holdings for bitcoin and ether starting in July.
Celsius deposits to FalconX (Arkham Intelligence)

BNB open interest-weighted funding rate (Coinglass)
BNB Token Is Being Heavily Shorted, Perpetual Futures Show
Funding rates in perpetual futures tied to BNB are most negative in nearly three months.
BNB open interest-weighted funding rate (Coinglass)

XRP Dethrones BNB to Become 4th Largest Cryptocurrency by Market Cap
XRP Dethrones BNB to Become 4th Largest Cryptocurrency by Market Cap
XRP has become the fourth largest cryptocurrency by market capitalization surpassing the BNB token according to Coin Desk data This comes as Coin Glass data shows XRP tracked shorts or bets against price rises posted the highest losses so far this year at 33 million after a U S court found that sales of Ripple’s [...]
XRP Dethrones BNB to Become 4th Largest Cryptocurrency by Market Cap

Top cryptocurrencies by market value (CoinDesk Indices)
XRP Overtakes BNB to Become 4th Largest Cryptocurrency; Funding Rates Surge
XRP's market capitalisation surged by more than 60% to $41.44 billion in the past 24 hours.
Top cryptocurrencies by market value (CoinDesk Indices)

Binance CEO Changpeng “CZ” Zhao (CoinDesk, modified by PhotoMosh)
Binance Feels Strain of World’s Regulators Leaping Into Action
This week’s Australian probe, which sought out Binance employees outside the office, is only one of a growing list of legal entanglements facing the world’s biggest crypto exchange.
Binance CEO Changpeng “CZ” Zhao (CoinDesk, modified by PhotoMosh)