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BNB Chain burned $916 million worth of tokens in its quarterly burn event, but the price barely moved despite the reduced supply.

According to Dune Analytics, as of mid-April, more than 113 million USD1 tokens have been issued. Nearly 90% of that supply lives on the BNB Chain.

BNB price is recovering from the $575 support zone. The price is now consolidating gains and might face hurdles near $585 and $600.

Bitcoin (BTC) has risen above $85,000, signaling that the bulls are trying to form a higher low at $83,000. The short-term price action remains susceptible to news related to the US tariffs and the ongoing trade war with China.Gold has been a clear winner during the current bout of macroeconomic uncertainty.

TL;DR Binance has completed its 31st quarterly BNB burn, permanently removing 1.57 million tokens worth $916 million from circulation. This move is part of BNB Chain's long-term deflationary strategy to reduce total supply to 100 million BNB. Despite the massive burn, BNB's price dropped by 0.37%, sparking mixed reactions from the crypto community.

Binance Chain has just completed its 31st quarterly token burn operation, permanently removing 1.58 million BNB from circulation, equivalent to 914 million dollars. This strategy could well propel the price of the world's fifth largest cryptocurrency in the coming weeks.

Binance Coin price has formed a symmetrical triangle pattern as its staked amount rises, and after the network executed its quarterly token burn. Binance Coin (BNB) was trading at $582, a few points above its lowest level this month.

Binance Chain has completed its 31st quarterly BNB token burn, removing $916 million worth of coins permanently from circulation. This move has sparked speculations of a possible BNB price rally, with analysts and traders remaining enthusiastic.

Binance co-founder Changpeng Zhao (CZ) announced a major deflationary milestone, confirming the completion of BNB Chain's 31st quarterly token burn.

Less than 40 million BNB is left to be burned now.

BNB Chain's auto-burn program adjusts according to block production and price movements. The Chain finalized its 31st quarterly burn today, removing BNB worth over $916 million from circulation. The move underscores the network's dedication to shrinking BNB's total supply to 100 million through its auto-burn approach. The latest incineration has removed over 1.

Layer-1 blockchain protocol BNB Chain has completed its 31st quarterly burn for Binance Coin (BNB). As revealed on its official X handle, the protocol burned 1,579,208 BNB.

Binance plans a brief pause for BNB Smart Chain transactions as it performs scheduled wallet maintenance.

Binance users will not be able to make deposits and withdrawals on the BNB Smart Chain as it will be suspended temporarily while the platform carries out wallet maintenance.

Yet another hack story shook investors' faith in Defi. The DeFi world is once again in the spotlight after a newly launched perpetual trading platform, KiloEx, backed by YZi Labs (previously known as Binance Labs), fell victim to a multi-chain exploit that drained approximately $7 million.

While global economies remain very uncertain going forward, the crypto market is beginning to coil up, and the U.S. stock market allowing, we could see a substantial surge into the Summer. Solana (SOL), Binance Coin (BNB), and Sui (SUI) are well placed to lead this resurgence.

BNB Chain addresses rumors, clarifies cooperation, emphasizes official channels.

BNB Chain stands out as a powerful blockchain network designed to support decentralized applications (dApps) while ensuring transactions remain fast, secure, and cost-efficient. With its impressive scalability, adaptability, and strong community-driven development, it has cemented its place as a key player in the blockchain ecosystem.

The BNB price has drifted upwards in the past few days as the crypto market has remained in a tight range, with Bitcoin hovering above $84,000. BNB was trading at $592 on Sunday, up by about 18% from the lowest level this year.

BNB is above the $540 support but below the moving average lines in a trading range.

Explore the latest updates on BNB Chain's ecosystem, including key metrics, new projects, and significant events held in early April 2025.

BNB Chain completed the Lorentz hard fork today to improve the network's efficiency. Mainnet upgrades are scheduled for later this month, while the Maxwell upgrade takes place in June.

Bitcoin (BTC) is showing strength as buyers have pushed the price above $82,500, but higher levels are likely to attract solid selling from the bears. CryptoQuant analysts said in a recent market report that Bitcoin could face resistance around $84,000, but if the level is surpassed, the next stop may be $96,000.Although trade tensions between the United States and China have flared up, institutional crypto investment firm Bitwise remains bullish on Bitcoin.

TL;DR Speed Surge: BNB Chain's testnets now boast dramatically lower block times—0.5 seconds on opBNB and 1.5 seconds on BSC—courtesy of the Lorentz Fork upgrade. Optimized Efficiency: The upgrade enhances network responsiveness, ensuring a smoother and faster transaction experience for both developers and users, particularly benefiting time-sensitive DeFi apps.