BTCC / BTCC Square / Binance News /
Binance Pioneers Crypto Inheritance Solution to Tackle $1 Billion Annual Loss of Digital Assets

Binance Pioneers Crypto Inheritance Solution to Tackle $1 Billion Annual Loss of Digital Assets

Published:
2025-06-19 23:21:49
8
3

In a significant move to address the growing issue of lost digital assets, Binance, under the leadership of CEO Changpeng Zhao, has introduced a groundbreaking crypto inheritance feature. This initiative aims to mitigate the annual loss of over $1 billion in cryptocurrencies due to the absence of designated heirs, a problem compounded by the irreversible nature of blockchain transactions. The new feature enables users to alert a trusted contact after prolonged inactivity, ensuring that digital assets are not lost forever. This development marks a crucial step towards establishing a universal standard for crypto inheritance, providing much-needed security and peace of mind for investors in the volatile world of digital assets.

Binance Introduces Crypto Inheritance Feature Amid Growing Concerns Over Lost Digital Assets

Changpeng Zhao, CEO of Binance, is pushing for a universal standard to address the uncomfortable yet critical issue of crypto inheritance. Over $1 billion in digital assets are lost annually due to the absence of designated heirs, a problem exacerbated by the irreversible nature of blockchain transactions.

Binance's new feature allows users to alert a trusted contact after prolonged inactivity, aiming to prevent assets from becoming permanently inaccessible. "Every platform should have a 'will function'," Zhao stated, highlighting the urgency of solving this taboo topic in Web3.

The community warns that beyond monetary value, Web3 accounts hold intangible social capital and digital identity—assets nearly impossible to transfer under current infrastructure. This MOVE could set a precedent for the industry as regulatory scrutiny around digital asset succession grows.

BNB Price Stuck in $400-$800 Range as Traders Await Breakout

Binance Coin (BNB) remains trapped in a tightening weekly range between $400 support and $800 resistance, with neither bulls nor bears gaining decisive control. The cryptocurrency's prolonged consolidation suggests an impending volatility surge when either boundary finally breaks.

Technical analysis reveals $800 as a formidable ceiling, reinforced by Fibonacci levels and repeated rejections. The lower bound at $400 draws strength from its confluence with the 200-week moving average and golden pocket retracement. Market makers appear to be building liquidity between these bookends before the next major move.

Range-bound strategies dominate current trading activity, though the compressed price action increasingly resembles a coiled spring. Historical patterns suggest such extended consolidations typically resolve with explosive directional moves—when BNB eventually escapes this $400-$800 cage, the ensuing trend could define its 2024 trajectory.

Binance Whale Activity Surges as Stablecoins Dominate Latin America’s Crypto Market

Binance's whale ratio has skyrocketed 800% over the past two years, reaching 0.77 in 2024 and 0.76 in 2025. This surge reflects heightened activity from large Bitcoin holders, with inflows to the exchange dropping to cyclical lows—a sign of accumulation rather than distribution.

Latin America's crypto trading volume jumped 42% in 2025, driven predominantly by Brazil, which accounted for 77% of regional activity. The data suggests whales are cautiously building positions despite market volatility, potentially foreshadowing bullish momentum.

CryptoQuant's metrics reveal a stark contrast from mid-2023, when the whale ratio languished at 0.08. The current levels indicate strategic positioning by institutional players, though whether this translates to sustained upward pressure remains contingent on broader market conditions.

Galaxy Digital Shifts $105M from Ethereum to Solana Amid Scaling Concerns

Mike Novogratz's Galaxy Digital executed a $105 million portfolio reallocation from ethereum to Solana, signaling waning confidence in ETH's scalability. The firm deposited 65,600 ETH to Binance while withdrawing 752,240 SOL - a nearly 1:1 value transfer - as on-chain data reveals Solana's DEX volume now surpasses Ethereum's.

Solana processed $395 billion in DEX volume over three months compared to Ethereum's $364 billion, with active addresses tripling ETH's count. The shift coincides with Galaxy's active governance participation, including its April proposal for a market-driven inflation system called MESA following the stalled SIMD-228 protocol amendment.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users