EP 19
BNB Chain Completes Thirty-Seventh Quarterly Token Burn
In this episode
BNB Chain completed its 37th quarterly burn, destroying approximately 1.64M BNB valued at nearly $1.197B directly on BSC, while total value locked on BSC grew 6.9% to $5.76B. Binance highlighted reaching over $1B in AUM for bStocks alongside announcing cash dividend support for Dell Technologies (DELL). Across the broader market, major tokens traded slightly up with BTC at $82,389.56 and BNB at $725.09 amid continuing institutional developments, including JPMorgan expanding JPM Coin to Ethereum.
- BNB Chain completed its 37th quarterly token burn directly on BSC, destroying ~1.64M BNB worth approximately $1.197B USD.
- Binance bStocks achieved over $1B in AUM with more than $6B converted between bStocks and underlying equities at zero conversion fees.
- BNB Smart Chain TVL increased by 6.9% in 24 hours to reach $5.76B, led by a 51.26% surge in PancakeSwap AMM V3 TVL to $676.45M.
- Binance announced support for Dell Technologies (DELL) cash dividend distributions via its bStocks platform.
- Binance launched the 'Binance Pick' prediction activity with a 1,000,000 USDC reward pool.
- CZ released the Japanese edition of his book 'Freedom of Money', noting that all proceeds will go to charity.
- JPMorgan is expanding its USD deposit token JPM Coin to Ethereum for institutional client settlements and payments.
- US spot Bitcoin and Ether ETFs recorded $549M in weekly outflows, with October Ether ETF outflows approaching $1B ($955M).
- Crypto market sentiment sits in 'Greed' with a Fear & Greed Index score of 59, up from 53.