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BNB Chain Proposes Faster Blocks, Cheaper Gas to Compete With Solana, Base
Yahoo Finance· 2025-09-24 10:32
Core Insights - Binance's BNB Chain validators are proposing a significant upgrade that aims to reduce transaction fees by 50% and increase block production speed, coinciding with the BNB token reaching all-time highs above $1,000 [1][7] Group 1: Proposed Changes - The proposal includes cutting gas fees from 0.1 Gwei to 0.05 Gwei and accelerating block intervals from 750 milliseconds to 450 milliseconds, potentially lowering transaction costs to approximately $0.001 per transaction [2][3] - If approved, these changes are set to take effect in October [4] Group 2: Market Context - Trading activity on the BNB Chain has surged, with swap-related transactions increasing by 67% from January to June this year, indicating a growing demand for the network [3] - The proposed changes aim to position BNB Chain competitively alongside other low-cost chains like Solana and Coinbase's Base network [3] Group 3: Community Response - The initiative has received praise for making BNB Chain more appealing to high-frequency traders and developers, although some critics argue that merely reducing fees does not constitute true innovation and call for greater decentralization [5][9] - Currently, BNB Smart Chain has only 45 validators, which has raised concerns about its level of decentralization compared to networks like Solana, which has nearly 1,000 validators [5][7]
Is Binance (BNB) the Best Crypto to Buy Now?
Yahoo Finance· 2025-09-24 07:59
Binance is a cornerstone of crypto. As long as the exchange dominates, BNB, the native token, will continue to capitalize on market sentiment, thriving amid volatility regardless of broader market conditions. Crypto traders will keep adding leveraged positions even if BTC USD dips below $100,000. This undeniable reality positions BNB crypto as a possible breakout coin in the coming few years. In late September, could the BNB coin be the best crypto to buy right now? Solid evidence supports Changpeng Zhao ...
OKX Offers 4.1% Yield on USDG as Stablecoin Competition Heats Up
Yahoo Finance· 2025-09-23 13:00
Group 1 - OKX is offering 4.1% yields on USDG in weekly payouts without staking lockups, responding to competition for stablecoin dominance [1] - USDG is minted by Paxos and is backed 1:1 by U.S. dollars, positioning itself as a reliable stablecoin option [1] - OKX joined the Global Dollar Network in July, expanding USDG's availability to both onshore and offshore users [1] Group 2 - Yield has become a critical competitive factor in the stablecoin market, with fiat-backed options like USDC and USDG competing against decentralized and algorithmic models [2] - OKX refers to stablecoins as "crypto's connective tissue," highlighting their essential role in the cryptocurrency ecosystem [2] Group 3 - Stablecoins are crucial in the crypto economy, facilitating payments, cross-border transfers, and DeFi strategies while maintaining value consistency with fiat currencies [3] - They allow users to hedge against the volatility of other crypto assets without exiting the crypto ecosystem [3]
X @Poloniex Exchange
Poloniex Exchange· 2025-09-23 04:13
South Korea turned perps trading into an esports event 🤯Charts on the big screen, traders in the spotlightthis is next-level crypto culture. https://t.co/iC23NuMjVS ...
Whale Suddenly Withdraws $122 Million in HYPE Coin – What’s Going On?
Yahoo Finance· 2025-09-22 16:51
A major whale withdrew $122 million worth of HYPE tokens from Hyperliquid’s ecosystem within hours, sparking sell-off fears as the mysterious investor sits on over $90 million in unrealized gains from a nine-month holding period. On-chain data from LookOnChain reveals the whale, likely identified as Techno_Revenant, purchased 2.39 million HYPE tokens at approximately $12 each and could liquidate the position at current prices around $51 per token. The withdrawal coincided with high-profile exits from Art ...
X @MEXC
MEXC· 2025-09-22 12:23
RT Cecilia Hsueh (@cecilia_hsueh)It’s time to begin again, and I’m truly honored to announce that I’ve joined MEXC @MEXC_Official as CSO. My role will be to expand strategic partnerships, empower our teams through resource integration, and drive sustainable brand growth.6 years ago, I first stepped into crypto by co-founding an exchange. We launched right in the middle of the March 2020 crash. The timing was brutal, but it forced us to grow fast, and by the second year, the business had reached $200M in pro ...
Crypto custody startup BitGo reveals near fourfold revenue jump in US IPO filing
Yahoo Finance· 2025-09-19 20:58
Company Overview - BitGo's revenue nearly quadrupled in the first half of 2025, reaching $4.19 billion, compared to $1.12 billion in the same period the previous year [1][4] - The company reported a profit of $12.6 million for the six months ended June 30, down from a profit of $30.9 million a year earlier [4] - BitGo is one of the largest crypto custody firms in the U.S., founded in 2013, and has gained importance as institutional interest in crypto grows [3] Market Context - The U.S. IPO market is expected to be one of the busiest since 2021, with crypto firms leading the way [1] - Recent successful debuts of companies like Circle, Bullish, and Figure have demonstrated strong investor appetite for digital assets [2] - There is a growing acceptance of digital assets as a legitimate asset class rather than merely speculative instruments [3] Future Plans - BitGo intends to list on the New York Stock Exchange under the symbol "BTGO" [4] - Goldman Sachs and Citigroup are the lead underwriters for BitGo's upcoming IPO [4]
X @Bloomberg
Bloomberg· 2025-09-18 15:06
Senator Warren is pressing the Justice Department on whether the world’s biggest crypto exchange, Binance, is adhering to a 2023 agreement with federal prosecutors over money-laundering and sanctions violations https://t.co/hgX2N3h1Oi ...
X @Decrypt
Decrypt· 2025-09-17 16:35
Bullish Shares Jump 5% as Crypto Exchange Eyes US Expansion After Receiving NY License https://t.co/aEdQ65b9qJ https://t.co/qWzrQSE3sZ ...
StubHub Raises $800 Million From IPO, Stock Set to Begin Trading Today
Yahoo Finance· 2025-09-17 11:21
Company Overview - StubHub has successfully raised $800 million from its initial public offering (IPO) after pricing the deal at the midpoint of a marketed range [2][4] - The company sold 34 million shares at $23.50 each, with a price range set between $22 and $25, valuing StubHub at approximately $8.8 billion [3][4] - StubHub plans to start trading on the New York Stock Exchange under the symbol "STUB" [3] Market Context - The IPO market is experiencing a resurgence, with funds raised in 2025 already surpassing those in previous years, marking the highest level since 2021 [3][4] - Recent IPOs, including those from Klarna and Gemini, have shown positive market performance, although the track record of recent listings has been mixed compared to earlier months [4]