Binance Smart Chain Validators Lead 90% Gas Fee Reduction, Not CZ

In a recent development, BNB Chain’s core team clarified that validators, not Binance founder Changpeng Zhao (CZ), were the driving force behind the significant 90% reduction in gas fees on Binance Smart Chain (BSC). The fee adjustment, which saw gas prices drop from 1 Gwei to 0.1 Gwei, is part of a strategic recalibration of network economics. This MOVE comes as BSC faces increasing competition from other Layer-1 and Layer-2 blockchain solutions. While CZ’s public tweet about lowering fees sparked discussions, the decision was ultimately validated and implemented by the network’s validators. This fee reduction aims to enhance BSC’s competitiveness and user affordability in the rapidly evolving blockchain ecosystem.

BSC Validators, Not CZ, Drove 90% Gas Fee Cut, Binance Core Devs Explain

BNB Chain’s Core development team revealed that validators, not Binance founder Changpeng Zhao, were the primary force behind the recent 90% reduction in gas fees on Binance Smart Chain. The fee drop from 1 Gwei to 0.1 Gwei reflects a strategic recalibration of network economics amid intensifying competition in the Layer-1 and Layer-2 blockchain space.

While CZ’s tweet proposing lower fees sparked public discussion, the actual implementation required validator consensus through BSC’s governance mechanisms. This move aligns with broader efforts to enhance BSC’s competitiveness as ethereum alternatives and modular blockchain architectures gain traction.

Will PUFFER Token Price Hit $0.45 After Binance Airdrop Boost?

Puffer Finance’s native token is gaining significant traction in the cryptocurrency market. A recent airdrop facilitated through Binance Alpha, coupled with its expansion to the BNB Chain, has propelled the token’s price upward by 5.35%.

The surge reflects growing investor confidence and heightened liquidity. Market participants are now speculating whether the token can breach the $0.45 resistance level, as exchange listings and airdrop incentives continue to drive demand.

XRP Chart Hits Critical Level That ‘Opens The Sky,’ Analyst Warns

Market strategist Dom (@traderview2) identifies a pivotal technical threshold for XRP’s next major move. The Binance XRP/USDT pair recently tested but failed to breach the volume-weighted average price anchored to its 2018 all-time high, settling at $2.3644 after a brief spike to $2.4082.

This dynamically descending VWAP has acted as a firm resistance level since late January, triggering four immediate rejections. The latest rejection followed a predictable pattern, with the price forming a clear upper wick just beneath the critical level.

Technical memory appears strong in this market, with the $2.48-$2.50 zone serving as a clear demarcation between consolidation and potential breakout territory. Traders now watch whether XRP can muster the momentum to overcome this historically significant barrier.

Bitcoin Nears All-Time High Amid Significant Exchange Outflows

Bitcoin continues its bullish trajectory, climbing 10.4% this week to trade at $103,881. The cryptocurrency has surged 24% over the past month, buoyed by Optimism in both crypto and traditional markets. While still 4% shy of its January peak, the momentum suggests a potential retest of record highs.

Notably, Binance recorded one of its largest daily Bitcoin outflows in months on May 12, with over 3,000 BTC ($312 million) withdrawn. Such exchange outflows often signal accumulation, as investors move assets to long-term storage. The movement coincides with improving market sentiment following the US-China trade deal.

Abraxas Capital Amplifies Ethereum Rally with Strategic DeFi Borrowing

Abraxas Capital has emerged as a significant force in Ethereum’s recent price resurgence, deploying decentralized finance strategies to accumulate ETH. The investment firm borrowed $240 million in USDT from Aave, funneling the liquidity through Binance to capitalize on dips below $2,500.

Ethereum’s volatility proved advantageous for the fund, which executed buy orders when ETH retreated to $2,454.45. This pattern mirrors Abraxas’ weeks-long accumulation strategy, positioning it among the most aggressive institutional buyers during Ethereum’s recovery phase.

The move highlights sophisticated capital deployment in crypto markets, where traditional investment firms now leverage DeFi protocols like Aave for liquidity efficiency. Market observers speculate whether this signals a broader institutional trend of using decentralized lending to amplify crypto exposure.