BNB Chain | Crypto

Kraken has announced the expansion of its xStocks product to Binance-backed BNB Chain, marking a significant step toward making tokenized US equities more accessible globally. According to a July 9 statement, Kraken’s users outside the United States will soon be able to deposit and withdraw tokenized stocks, such as AAPLx, TSLAx, SPYx, and NVDAx, via […] The post Kraken expands xStocks to BNB Chain enabling global access to tokenized equities appeared first on CryptoSlate.

Open-source protocol Shutter Network has proposed implementing a threshold-encrypted mempool on BNB Chain to eliminate Maximal Extractable Value (MEV) activity, such as front-running and sandwich attacks, and add a layer of real-time censorship resistance. The post Ending Sandwich Attacks on BNB Chain: Shutter Network Proposes Encrypted Mempool Solution appeared first on Cryptonews.

A critical exploit has drained $2.15 million in MBU tokens from Mobius smart contracts on BNB Chain. Hackers drained over $2.15 million from Mobius Token ($MBU) smart contracts on the BNB Chain in a targeted exploit detected early May 11, according to security firm Cyvers Alerts. The attacker deployed the contract from address 0xb32a53... at 07:31:38 UTC and initiated the exploit at 07:33:56 UTC, draining funds from the victim wallet 0xb5252f... Cyvers confirmed to Cointelegraph that the attacker used contract 0x631adf... to execute a series of malicious transactions. The smart contract drained 28.5 million MBU tokens and converted them into stablecoins, resulting in a net loss of $2,152,219.99 for the victim. Read more

The network's token price and onchain metrics are rising after a period of stagnation in 2023. Binance-affiliated BNB Chain has rebounded after a period of stagnation in 2023 amid accelerating institutional and decentralized finance (DeFi) adoption.  During the past year, BNB Chain has benefited from multibillion-dollar inflows into DeFi, US exchange-traded funds (ETFs), and rising trading volume at affiliated centralized exchange (CEX) Binance.  Consequently, the blockchain network’s native BNB token (BNB) has emerged as among the market’s most resilient cryptocurrencies, surpassing all-time highs in the first quarter of 2025 even as the broader crypto market trended downward.  Read more

BNB Chain delivered strong network and ecosystem growth in Q1 2025, with revenue rising 58.1% QoQ to $70.8 million, driven by a surge in wallet-to-wallet activity. Despite a 14.8% decline in market cap, DeFi engagement remained resilient, with TVL growing 14.7% in BNB terms. The network implemented major protocol upgrades, including the Pascal hard fork to enhance EVM compatibility and the rollout of multi-tiered MEV protections, culminating in a >90% reduction in sandwich attacks. Ecosystem initiatives expanded with the launch of AI development tools, memecoin infrastructure, and a $100M CEX liquidity incentive program. With the upcoming Lorentz and Maxwell upgrades set to accelerate block times, BNB Chain remains positioned to strengthen its performance and competitiveness in the quarters ahead.