Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges globally. It was launched in 2017 as part of Binance's initial coin offering (ICO) to fund the development of the exchange. BNB serves various purposes within the Binance ecosystem, including discounted trading fees for users who pay with BNB, participation in token sales on the Binance Launchpad platform, and as a means of payment for goods and services through merchants that accept BNB. BNB has seen significant adoption due to its utility and the popularity of the Binance exchange. It has also expanded beyond the Binance ecosystem, with BNB being supported by various third-party wallets, exchanges, and decentralized finance (DeFi) platforms. Binance regularly uses a portion of its profits to buy back and burn BNB tokens, reducing the total supply over time, which can contribute to increasing its value. Additionally, Binance has been actively involved in developing the Binance Smart Chain (BSC), a parallel blockchain that enables smart contract functionality and decentralized applications (DApps), further expanding the use cases and utility of BNB within the broader crypto ecosystem.
The biggest crypto story of the day drew two words from Elon Musk. At 6:33 PM ET on October 29, 2026, Musk quote-posted The Kobeissi Letter’s report of a Binance hack and wrote: “Everyday is Zeroday”. At last check, the…
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Sam Daodu Changpeng Zhao, widely known as CZ and the founder of Binance, recently told The New York Times that his net worth is somewhere between $10 billion and $30 billion. This estimate is…
Sam Daodu CME Group, in collaboration with CF Benchmarks, introduced the CME Emerging Crypto Index on August 31, 2026, a benchmark designed specifically to exclude Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). This index…
Sam Daodu Bitcoin posted a solid September gain while stocks stumbled and gold sank, yet a handful of smaller coins left it completely in the dust. The forces behind that surprise rotation could either spark a…
Bitcoin (CRYPTO:BTC) recently climbed above $85,000 following a better-than-expected inflation report, only to retreat within hours. As of September 30, 2026, Bitcoin is trading around $84,070, just below the key $85,000 level, after fluctuating…
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On September 25, 2026, Changpeng Zhao, founder of Binance, said Binance and the BNB Chain ecosystem behind BNB (CRYPTO:BNB) would extend support to Bitget after the Bitget hack, in which $387.5 million was stolen from the exchange’s…
On September 21, 2026, The Motley Fool announced a sell rating on BNB (CRYPTO: BNB), citing concerns about its exchange, Binance, which makes holding the coin risky. BNB is currently the fourth-largest cryptocurrency, but…
Recently, a major security breach at the crypto exchange Bitget resulted in the theft of $351.6 million, with XRP (CRYPTO:XRP) accounting for the largest portion—about 103 million XRP worth roughly $157 million at that…
Stellar (CRYPTO:XLM) has reached an impressive $2.75 billion in tokenized real-world assets, placing it third among all blockchains after Ethereum (CRYPTO:ETH) and BNB Chain, according to DefiLlama. This figure positions it ahead of competitors…
Federal prosecutors are circling Binance again over Iran sanctions, and this time the exchange is still under a court-ordered monitor from its $4.3 billion guilty plea. What happens to BNB if investigators decide the…
