Leading cryptocurrency exchange Binance announced today that it has burned $547 million worth of Binance Coins (BNB) as part of its 21st quarterly token burn event. However, this news, which usually results in sudden price movements, was overshadowed by macro developments.
Today’s developments from Binance Coin, Polygon and Ethereum
- Ocean Protocol announced the launch of the decentralized data economy and data finance. The VeOCEAN locking program will generate returns per token in annual periods.
- According to new data, the Ethereum (ETH) ecosystem dominates almost 60% of the DeFi industry. In terms of Ethereum TVL, 57% of the total market is worth $31.14 billion. Thus, it surpasses the sum of major networks such as TRON and BSC.
- Polygon and SPORTFIVE announced a partnership on Twitter to power their Web3 transitions. The tweet highlights that brands, sports rights holders and brands have come together to help seamlessly transition to web3.0.
Binance burns $547 million worth of BNB
- Shiba’s new NFT card game “Shiba Eternity” surpassed 100,000 downloads within 7 days of its launch. The android version of the game received 4.6 out of 5 stars.
- Électricité de France (EDF), a France-based electricity company, has reached the number of more than 150 node operators in its Ethereum (ETH) network. According to the report, he currently manages 10 Ethereum node operators and 140 Ethereum node operators on behalf of EDF clients.
- Binance permanently destroyed $547 million worth of BNB in its 21st quarterly burn event. According to the announcement, it destroyed a total of 2,065,152 BNB tokens worth just under $600 million.
- In the lawsuit between the CFTC and Ooki Dao, two groups, LexpunK Army and DeFi Education Fund, were allowed to participate online. These two groups will make an effort to defend the cryptocurrency company.
- Neel Somani, a former Terra developer, introduced his new project, saying he learned from the crash. It has now secured $15 million for Solana-based Eclipse.
- AnChain.Ai, a platform on Web3 security, announced its partnership with Algorand. As part of the collaboration, Algorand developers will be able to use AnChain’s tools. At the same time, Algorand can now take advantage of AnChain’s features to protect investors.
- DappRadar has suggested in a new report that Decentraland currently only has 40 active users. Decentraland shared its own data on Twitter to reject this data.
- cryptocoin.comDan Gambardello, Founder of Crypto Capital Venture, who you follow from , said that the hardest part for ADA right now is the bear market that started last year. In his statements, Gambardello made positive statements such as “but the clouds will clear eventually”.
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