Binance Smart Chain Proposes Major Fee Reduction to Boost User Activity
Binance Smart Chain (BSC) is considering a significant reduction in transaction fees, potentially lowering gas costs to less than $0.01 per transaction. This MOVE aims to enhance user activity and maintain BSC’s competitive edge in the blockchain space. Current averages hover around 1 gwei ($0.013), with priority transactions reaching 1.5 gwei ($0.019). Network data reveals occasional fee spikes, notably peaking at 305 gwei during August 2020’s congestion. The proposed adjustment is expected to make BSC more attractive to developers and users alike, fostering greater adoption and utility.
Binance Smart Chain Proposes Major Fee Reduction to Boost User Activity
Binance Smart Chain (BSC) is considering a significant reduction in transaction fees, potentially lowering gas costs to less than $0.01 per transaction. Current averages hover around 1 gwei ($0.013), with priority transactions reaching 1.5 gwei ($0.019).
Network data reveals occasional fee spikes, notably peaking at 305 gwei during August 2020’s congestion. The proposed adjustment aims to maintain BSC’s competitive edge as ethereum L2s and alternative chains intensify the scalability race.
Bessent Faces Congressional Scrutiny Over Trump-Linked USD1 Stablecoin
Congressional Democrats grilled Bessent on potential hidden subsidies in World Liberty Financial’s USD1 stablecoin, which has close ties to the TRUMP family. The token, pegged to the dollar and backed by US Treasuries, gained rapid traction after Abu Dhabi’s MGX committed $2 billion to deploy it on Binance.
World Liberty Financial, founded in 2024 with 75% of net revenues flowing to the Trump family, raised $550 million through governance token sales. The USD1 launch in March quickly propelled it into the top tier of stablecoins by market capitalization. Representative Brad Sherman highlighted that the MGX deal effectively provides an $80 million annual subsidy at current market rates.
Binance Founder CZ Predicts Bitcoin Could Reach $1 Million Amid Institutional Adoption
Binance co-founder Changpeng Zhao (CZ) has made a bold prediction that Bitcoin could surge to between $500,000 and $1 million as institutional adoption accelerates. In a recent interview on Rug Radio, CZ highlighted the growing demand for crypto ETFs and US states’ accumulation of BTC as key drivers for this potential rally.
Bitcoin is currently testing the $97,000 resistance level, up 3.3% on the day. CZ’s forecast aligns with the broader trend of institutional investors entering the crypto space, particularly through US-listed bitcoin ETFs.
Binance Coin Surges Past $600 Amid Bullish Institutional Forecasts
Binance Coin (BNB) breached the $609 threshold this week, marking its highest level in seven days. The rally follows Standard Chartered’s projection of a 360% price appreciation by 2028, with analysts setting a $2,775 target for the exchange token.
VanEck’s filing for a BNB spot ETF with staking capabilities could catalyze institutional adoption, particularly among US investors. Trading volumes reflect growing market conviction, with daily turnover reaching $753 million—more than double last Saturday’s $353 million low.
Stellar Wallet Activity Fuels Pi Network (PI) Binance Listing Rumors
Speculation about a potential Pi Network listing on Binance has intensified following unusual activity in a stellar wallet linked to the exchange. Blockchain explorers identified the address as belonging to Binance, with a balance of 2 PI tokens confirmed by Piscan.io and StellarExpert.
The wallet’s connection to Pi Network gained credibility after Pioneers noted over 294,000 PI transactions processed on Stellar within days. Pi Network’s unique consensus mechanism, inspired by Stellar rather than traditional PoW or PoS systems, adds technical intrigue to the situation.
Bhutan Partners with Binance Pay to Launch Crypto Payments for Tourism
The Royal Government of Bhutan has forged a groundbreaking partnership with Binance Pay, enabling tourists to make payments using over 100 cryptocurrencies. This initiative, supported by DK Bank, integrates QR code technology to connect local vendors with the global digital economy.
Prime Minister Lotay Tshering’s administration is positioning Bhutan as the first sovereign nation to officially adopt cryptocurrency within its national tourism policy. The move aligns with Bhutan’s broader crypto-first strategy, which includes holding Bitcoin reserves.
The Binance Pay integration marks a significant step toward mainstream crypto adoption, offering seamless transactions for travelers while bolstering Bhutan’s digital infrastructure. This development underscores the growing intersection of traditional finance and decentralized technologies.
