10 Jul 2025, 12:46

BNB Chain Burns $1B+ Tokens in 32nd Quarterly Burn

The total assets withdrawn amounted to 1,595,599 BNB, equivalent to $1.024 billion at the time of the burn event. Following this, the total supply of BNB decreased to 139.3 million. The destruction of coins is carried out through the Auto-Burn mechanism, which aims to reduce the total supply to 100 million BNB. The amount burned each quarter depends on the price of BNB and the number of blocks generated on the network during that period. At the time of writing, BNB is trading at $670.85 (+1.4% overnight), according to CoinGecko . BNB Chain currently ranks fourth among networks in the DeFi ecosystem by total value locked (TVL). BNB Reserves and Institutional Expansion Venture capital firm YZi Labs, linked to ex-Binance CEO Changpeng Zhao, and 10X Capital are working together to create a BNB Treasury Company. In the future, shares of this company are planned to be listed on a U.S. stock exchange. The initiative aims to provide both retail and institutional investors in the US with access to the BNB Chain ecosystem. According to representatives of 10X Capital, such users currently have limited opportunities to invest in BNB. This new structure will serve as a gateway for investors to access decentralized finance. The project will be developed by a team of top managers, including Galaxy Digital co-founder David Namdar, former IT director of investment fund CalPERS Russell Reed, and ex-director of Kraken, Saad Naja. 10X Capital will act as the asset manager for the new company. It has partnered with Cohen & Company Capital Markets and Clear Street LLC to raise capital and purchase BNB. Previously, 10X Capital participated in the creation of a similar treasury company, Nakamoto (NAKA), whose shares are traded on Nasdaq. Ella Zhang, head of YZi Labs, noted that BNB Chain is one of the most widely used blockchain ecosystems. She added that increased institutional participation will benefit a wide range of users. The funding round is expected to close in the coming weeks. As a reminder, in April, BNB Chain developers implemented the Pascal hard fork, aimed at improving EVM compatibility of the blockchain.

10 Jul 2025, 06:55

POL Price Eyes Major Breakout Ahead of Today’s Heimdall v2 Hard Fork

Polygon (POL) surged nearly 7% in 24 hours, reaching a high of $0.1975 ahead of the Heimdall v2 upgrade. Trading volume jumped 31.94%, reflecting renewed investor interest as the July 10 launch nears. Heimdall v2 introduces a major overhaul, slashing finality to 5 seconds and eliminating legacy technical debt. The price of Polygon’s native token, POL, is pushing against a key resistance level and eyeing a major breakout as the network prepares to launch its most technically complex hard fork ever today, July 10. POL has jumped nearly 7% in the last 24 hours, hitting a daily high of $0.1975, with trading volume spiking 31.94%. indicating renewed market interest ahead of the upgrade. The Catalyst: What Is the Heimdall v2 Upgrade? The Heimdall v2 hard fork is the most ambitious in Polygon’s history. It revamps the network’s consensus layer to a newer, more efficient system (CometBFT and Cosmos SDK v0.50) Shipping Announcement! We’ve been on a shipping spree—and next up is Polygon PoS’s consensus layer, Heimdall v2, landing 10 July 2025. This is the most technically complex hard-fork Polygon PoS has seen since it's launch in 2020 What’s changi… The post POL Price Eyes Major Breakout Ahead of Today’s Heimdall v2 Hard Fork appeared first on Coin Edition .

9 Jul 2025, 20:10

Ethereum’s Crucial Catalyst: Why ETH Treasuries Are Vital for Unprecedented Growth

The world of cryptocurrency is constantly evolving, and at its heart lies Ethereum, a blockchain platform that has truly revolutionized how we think about decentralized applications and digital finance. But for any ecosystem to thrive, it needs resources – and not just static ones. Imagine a vast treasure chest, brimming with potential, yet much of it lies dormant. This is precisely the challenge and opportunity that Ethereum (ETH) co-founder Joseph Lubin recently highlighted: the crucial role of active Ethereum Treasuries in fueling the network’s future. Why Are Ethereum Treasuries So Important for the Future? Joseph Lubin, a visionary behind Ethereum, recently shared his insights in a CNBC interview, emphasizing that well-managed ETH treasuries are not just a nice-to-have, but an absolute necessity for the robust development of the Ethereum ecosystem. But what exactly are these ‘treasuries,’ and why do they hold such significance? In essence, Ethereum treasuries refer to significant reserves of ETH and other digital assets held by various entities within the Ethereum ecosystem. These can include decentralized autonomous organizations (DAOs), foundations, and even individual projects. Unlike traditional corporate treasuries, many of these are governed by smart contracts and community consensus, embodying the decentralized spirit of Web3. The challenge, as Lubin pointed out, isn’t a lack of ETH in circulation; it’s the insufficient activity to effectively utilize this vast pool of resources. Think of it this way: Ethereum has built an incredible digital city, complete with infrastructure and a thriving economy. But for the city to truly flourish, its collective wealth needs to be actively invested in new roads, public services, and innovative businesses. Dormant ETH, no matter how abundant, doesn’t build new dApps, fund critical research, or support burgeoning communities. Active treasury management means strategically deploying these assets to: Fund Core Development: Ensuring continuous improvement and security of the Ethereum protocol itself. Support Ecosystem Projects: Providing grants and investments to new dApps, tools, and infrastructure that expand Ethereum’s utility. Incentivize Participation: Encouraging developers, users, and validators to contribute to the network’s health. Ensure Longevity: Building a financial buffer against market volatility and unforeseen challenges. Unlocking Ecosystem Growth : Addressing Underutilized ETH The core of Lubin’s concern revolves around the concept of ‘underutilization.’ While billions of dollars worth of ETH exist, a significant portion might be sitting idle in wallets, locked in staking contracts without direct contribution to new development, or simply not being channeled into productive ventures. This isn’t necessarily a negative reflection on holders, but rather a call to action for the ecosystem to devise better mechanisms for deploying these resources. How does underutilized ETH hinder Ecosystem Growth ? Consider these points: Missed Opportunities: Innovative ideas and promising projects might struggle to secure funding, slowing down the pace of development. Stagnation Risk: A lack of new investment can lead to a stagnant ecosystem, where established projects dominate and new entrants face high barriers. Reduced Innovation: Without capital flowing into research and development, the cutting edge of blockchain technology on Ethereum might dull. Limited Reach: New user acquisition and real-world adoption depend on compelling applications and services, which require funding to build and scale. Lubin’s involvement with SharpLink Gaming, where he serves as chairman, provides a tangible example of his drive to find practical utility for digital assets. While not directly an ETH treasury, it showcases his interest in bridging the gap between digital assets and real-world applications, generating activity and value beyond mere holding. This philosophy extends directly to how collective ETH reserves should be managed. Joseph Lubin’s Vision: Powering ETH Development Beyond Circulation Joseph Lubin, a figure synonymous with Ethereum’s inception and growth, understands deeply that the true power of ETH isn’t just its market cap or circulating supply, but its utility and the innovation it fosters. His recent comments serve as a powerful reminder that while the blockchain has achieved incredible feats, its journey is far from over. His vision for ETH Development involves a proactive approach to treasury management, moving beyond passive holding to active deployment. Lubin’s perspective aligns with a broader trend in the decentralized space: the increasing maturity of DAOs and their role in governing substantial treasuries. These decentralized organizations are becoming critical conduits for directing collective funds towards projects that align with the community’s vision. For example, a DAO might vote to allocate ETH from its treasury to: Security Audits: Funding essential security reviews for new smart contracts to protect users. Grant Programs: Establishing initiatives to support independent developers building public goods on Ethereum. Protocol Upgrades: Investing in research and implementation of critical network enhancements like scalability solutions. Educational Initiatives: Sponsoring programs to onboard new developers and users to the Ethereum ecosystem. This active engagement ensures that the vast resources held within the ecosystem are continuously recycled and reinvested, creating a virtuous cycle of innovation and growth. Practical Applications: How Decentralized Finance (DeFi) and DAOs Can Leverage Treasuries The rise of Decentralized Finance (DeFi) has opened up new avenues for how Ethereum treasuries can be managed and utilized. No longer are these funds confined to simple holding; they can be actively deployed in various DeFi protocols to generate yield, provide liquidity, or even participate in governance, all while supporting the broader ecosystem. Consider these practical applications: Treasury Strategy Benefit to Ecosystem Example Liquidity Provision Enhances trading efficiency and stability for key assets, reducing slippage. Deploying ETH into a decentralized exchange (DEX) liquidity pool. Yield Farming/Staking Generates additional revenue for the treasury, which can be reinvested. Staking ETH to secure the network or participating in DeFi yield protocols. Strategic Investments Funds promising new projects or protocols that align with ecosystem goals. A DAO investing in an early-stage ZK-rollup project. Grants & Bounties Directly incentivizes developers and researchers to build public goods. Funding for open-source tools, educational content, or security audits. The key is for these strategies to be governed transparently, often through DAO proposals and voting, ensuring that the community has a say in how their collective wealth is managed. This level of transparency and community involvement is a significant differentiator from traditional corporate finance. Navigating Challenges and Charting a Path for Sustainable Ethereum While the benefits of active treasury management are clear, it’s not without its challenges. Managing large sums of volatile assets in a decentralized manner requires sophisticated strategies and robust governance frameworks. For Sustainable Ethereum , several hurdles must be addressed: Governance Complexity: Reaching consensus among a diverse community on how to allocate funds can be slow and cumbersome. Security Risks: Large treasuries are attractive targets for hackers, necessitating top-tier security measures for smart contracts and multisig wallets. Market Volatility: The inherent price fluctuations of crypto assets mean that the value of a treasury can change dramatically, impacting long-term planning. Transparency vs. Efficiency: Balancing the need for complete transparency with the agility required for timely financial decisions. Legal and Regulatory Uncertainty: The evolving regulatory landscape for DAOs and crypto assets adds a layer of complexity to treasury operations. Despite these challenges, the commitment from leaders like Joseph Lubin signals a strong drive towards overcoming them. The Ethereum community is continuously innovating, developing more efficient DAO tooling, advanced financial strategies, and clearer governance models to ensure that its treasuries are not just large, but also liquid, secure, and actively contributing to the network’s vitality. The emphasis on treasuries isn’t just about financial health; it’s about building a resilient, self-sustaining ecosystem that can adapt to future challenges and continue to lead the way in decentralized innovation. It’s about empowering the community to collectively decide its future and fund its most ambitious endeavors. A Compelling Future Powered by Collective Wealth Joseph Lubin’s timely remarks serve as a powerful reminder of a critical element for Ethereum’s continued success: the strategic and active management of its collective wealth. It’s not enough to simply accumulate ETH; the true potential of the ecosystem lies in its ability to deploy these resources effectively, fostering innovation, supporting infrastructure, and empowering its vast community. By transforming dormant holdings into dynamic capital, Ethereum can unlock unprecedented growth, solidify its foundation, and continue to lead the charge in building the decentralized future. The journey ahead demands foresight, collaboration, and a commitment to leveraging every asset for the greater good of the network. It’s an exciting prospect for anyone invested in the future of Web3. To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum’s institutional adoption.

9 Jul 2025, 16:26

Polygon is set to run its most complex hard fork to date on Thursday

Polygon is set to run its most complex hard fork to date on Thursday. To enhance its backbone, it will add a new consensus layer called Heimdall 2.0 to its proof-of-stake (PoS) blockchain. In an X post, Polygon Foundation CEO Sandeep Nailwal said , “This is the most technically complex hard-fork Polygon PoS has seen since its launch in 2020.” The upgrade is also expected to replace legacy components dating back to 2018 and 2019 with newer infrastructure. The upgrade follows a change in Polygon Foundation’s leadership structure from decentralized governance to having Polygon co-founder Sandeep Nailwal assume complete executive control. After which, Nailwal said it was time for Polygon to move faster and more aggressively with full conviction and focus. The upgrade shortens the finality to about five seconds The new update will reduce the blockchain’s finality to about five seconds and minimize the chance of chain reorganizations beyond two blocks. This will allow the network to be more stable and bridges to be more secure, improving user experience and upgradeability. Polygon previously noted that the estimated time for script execution (excluding potential troubleshooting or preparation) would be roughly 30 minutes on the mainnet. Nailwal asked the community to prepare for temporary instability. Investors are asked to be cautious while the system upgrades its core consensus engine. He said Heimdall’s conclusion would be about three hours late for now. In other words, the PoS chain will be unable to complete blocks on Thursday while the upgrade is happening. This could last for up to three hours. Nailwal also said that the move is a step toward making checkpoints faster and making way for future improvements. Although most validators updated before the deadline, the CEO of the Polygon Foundation told node operators who were still using older versions to get ready right away. To that end, Nailwal says, “Let’s make this the smoothest upgrade yet. Most validators have already upgraded, but in case you haven’t yet, test early, spread the word, and ping us if you hit snags.” The POL price points to a bullish trend June saw weeks of flat price changes for Polygon’s native POL token. It’s finally starting to show signs of strength as July 10th approaches. The price of POL is up 6.4% in 24 hours, trading at $ 0.1997 at the time of writing. POL has a market capitalization of $1.8 billion. POL also outperformed the broader crypto market. According to the Block’s GMCI 30 index, which measures the performance of the top 30 cryptocurrencies, it has gained 1.7%. Meanwhile, the Polygon price is trying to break above a descending trendline that was made by joining several highs that have been made since mid-May. At $0.197 and $0.199, this level is close to the daily resistance level and the 50-day Exponential Moving Average (EMA). This makes it a key area of resistance. With a daily finish above the 50-day exponential moving average (EMA) at $0.199, POL could keep going up and reach $0.220. It is the 50% Fibonacci retracement from the high point on May 11 at $0.277 to the low point on June 22 at $0.164. POL/USDT daily chart Source: Trading View On the daily chart, the Relative Strength Index (RSI) is 56 and pointing up. This means that the trend is moving in the bullish direction. It also has green histogram bars that are rising above its neutral zero line. This means that positive momentum is building and the trend is continuing up. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

9 Jul 2025, 16:18

BNB Climbs as Faster Blocks and Tokenized Stocks Spark Investor Interest

BNB Chain’s native token, BNB, is pushing higher as technical upgrades and fresh use cases draw investors into the network. The token climbed about 0.6% over the last 24 hours, riding a wave of heavy trading volumes and optimism tied to plans for tokenized stock offerings. Late last month, BNB Chain launched its so-called Maxwell hard fork , slicing block times from roughly 1.5 seconds to 0.75 seconds. That means transactions clear twice as fast, a move that could help the chain handle surges in activity. BNB Chain, which has around $6 billion in total value locked according to DeFiLlama data, is positioning itself as a faster alternative for decentralized apps handling high throughput. Earlier, Kraken and Backed Finance announced they are bringing their tokenized equities to the BNB Chain , allowing users to trade stocks like that of Apple or Tesla around the clock. The products, structured as BEP-20 tokens, will be available outside the United States in 185 markets. The CoinDesk 20 index has witnessed a 2.7% increase in the past 24 hours, as the cryptocurrency market appears to have weathered the impact of the recently announced tariffs by U.S. President Donald Trump, which are scheduled to take effect on August 1. Despite the bullish backdrop, BNB hit resistance near $664.20 during early trading today, according to CoinDesk Research's technical analysis model. While some traders eye potential signs of accumulation, meaning larger investors could be quietly building positions, a late-session pullback to around $661.75 hints some traders may be locking in profits. BNB’s next test will be whether it can push beyond the $665-$667 zone. That could determine if recent technical gains translate into sustained momentum, or if sellers step in again to keep prices in check.

9 Jul 2025, 16:11

Polygon (POL) Technicals Flash Bullish as Heimdall v2 Upgrade Nears – $0.225 Target in Play

POL rose 7.25% in the past day, as traders bet big on Polygon’s make-or-break Heimdall v2 upgrade, slated for July 10, that promises to slash transaction times while tackling the network’s oldest technical demons. The rally comes despite Polygon’s planned zkEVM sunset, with on-chain data showing 1.6 million daily active addresses and a DeFi TVL of over $1 billion holding strong. Technical analysis suggests more upside if the upgrade delivers on its promise of 5-second finality. Polygon to Launch Heimdall v2 Upgrade Tomorrow Polygon, a leading Ethereum Layer-2 scaling solution, will launch its highly anticipated Heimdall v2 upgrade on July 10, 2025, marking the network’s most technically complex hard fork since its Proof-of-Stake (PoS) chain debut in 2020. According to Polygon Foundation CEO Sandeep Nailwal, the upgrade will slash transaction finality to just five seconds while addressing long-standing technical debt from Polygon’s early development (2018-2019). $TON heating up! Fully integrated with Telegram, exposing The Open Network to 1B+ users. DeFi TVL up $138.65M, stablecoin cap at $661.04M, and $944M raised in 24h. Price bouncing from $2.14-$2.87, eyeing $4.11. Exciting times for TON's ecosystem! pic.twitter.com/9WV2bLIdf6 — Donald (@Donald2fx) July 4, 2025 This milestone follows Polygon’s Bhilai hardfork on July 1, 2025, which dramatically increased throughput to 1,000 transactions per second (TPS) and integrated Ethereum’s Pectra EIPs for enhanced account abstraction. With these upgrades, Polygon solidifies its position as a high-performance scaling solution just as adoption reaches new heights. Polygon has nearly completed its token migration, with 92.7% of the 10 billion MATIC supply transitioned to POL by the end of Q1 2025, according to the Polygon Wallet migration dashboard. On-chain metrics from Token Terminal reveal 1.6 million daily active addresses, 3.2 million daily transactions, and 11.12 million P2P stablecoin addresses in H1 2025, reflecting a 47% increase in transactions and a 25% rise in active addresses over the past 30 days. Furthermore, DeFiLlama data reports $1.066 billion in DeFi total value locked , driven by Aave and Uniswap, underscoring the network’s strength ahead of the upgrade. Polygon Shines with NFT Leadership and Ecosystem Growth Polygon maintains its rank as the third-largest chain in the NFT industry, recording a trading volume of between $16 million and $25 million over the past 30 days. The Courtyard collection, featuring Pokémon NFTs, has driven this surge, attracting significant interest from collectors. Partnerships with Polymarket, integrated with X on June 6, 2025, and Ronin Network , which adopted Polygon’s CDK for zkEVM gaming, enhance adoption, while Franklin Templeton’s tokenized funds and Flipkart’s Web3 expansion in India bolster real-world asset (RWA) leadership. PolygonScan data reports $23.3 million in NFT sales last month, with a 35.63% increase in buyer count, though wash trading plummeted 97.45% to $34,545. Despite the planned 2026 zkEVM phase-out, Polygon’s focus on PoS scalability, supported by 95.1 million transactions in 30 days, as per PolygonScan, positions it for sustained growth in Ethereum’s Layer 2 ecosystem. Institutional adoption of Polygon’s modular infrastructure is accelerating, with enterprises increasingly utilizing tools such as the Chain Development Kit (CDK) and the new Type 1 zkEVM to build scalable Layer 2 solutions. POL/USDT Price Analysis: Ascending Triangle Breakout Fuels Short-Term Rally As of July 9, the chart data for POL/USDT shows a textbook ascending triangle pattern on the 4-hour timeframe, signaling bullish momentum ahead of tomorrow’s upgrade on July 10. This bullish formation developed through consistently higher lows meeting a flat resistance near $0.200. The market tested this ceiling multiple times from June 28 through July 7, confirming its importance. Price action established its base at $0.176 on June 22. The asset then built higher lows, creating a rising support line. This structure pushed prices steadily upward against the overhead barrier. POL/USDT 4-Hr price chart July 9 (Source: TradingView) The pattern’s characteristics remain clear. Buyers demonstrated increasing aggression with each higher low. Meanwhile, sellers maintained consistent pressure at the $0.200 resistance. These dynamics formed the classic ascending triangle setup that typically precedes breakout moves. On July 8, POL/USDT successfully broke out, accompanied by a sharp increase in volume, a classic confirmation of bullish intent. The price climbed to a local high of approximately $0.215, coming close to a projected target of $0.225. The MACD indicator displays a bullish crossover, as the MACD line surpasses the signal line and both trend upward in positive territory. This supports the momentum behind the breakout and suggests further upside potential if volume sustains. POL/USDT Volume Footprint on July 9 (Source: TradingView) The volume footprint data revealed a clear buying imbalance, with a Delta reading of +657.6K and total buy volume reaching 1.44 million USDT, significantly exceeding the sell volume at 778.05K. These confirmed buyers were firmly in control during the breakout. Even during minor pullbacks, like the one around 10:15, the Delta remained positive at 268.92K, suggesting continued bullish interest. A brief dip occurred near 10:45, reflected by a negative Delta of -151K, but the next candle saw buyers step back in—albeit with less intensity than before. POL/USDT has delivered a classic ascending triangle breakout, backed by strong volume and momentum. While the price remains bullish above the $0.200 breakout level, some short-term pullbacks are possible as traders take profits. The post Polygon (POL) Technicals Flash Bullish as Heimdall v2 Upgrade Nears – $0.225 Target in Play appeared first on Cryptonews .