Binance’s Strategic BNB Burn: A Billion-Dollar Move to Bolster Cryptocurrency Value
In a significant move to enhance the long-term value of its native cryptocurrency, Binance has completed its latest quarterly BNB burn, removing a staggering $1 billion worth of BNB from circulation. This deflationary event, which saw 1.5 million coins permanently taken out of supply, underscores Binance's commitment to creating a sustainable economic model for BNB. With the total supply now reduced to 139.3 million BNB, this burn represents a 1.15% contraction, further solidifying BNB's position as a deflationary asset in the crypto market. Currently trading at $689, BNB has demonstrated exceptional resilience, boasting an impressive 42,000% appreciation from its historic lows. This strategic burn not only reinforces BNB's value proposition for holders but also highlights Binance's proactive approach to managing its ecosystem's health and growth.
Binance Foundation Concludes Latest Quarterly BNB Burn, Removing $1 Billion from Supply
Binance's quarterly BNB burn mechanism has eliminated 1.5 million coins ($1 billion) from circulation, reducing total supply to 139.3 million BNB. The deflationary event represents a 1.15% supply contraction, reinforcing BNB's long-term value proposition for holders.
The cryptocurrency currently trades at $689, demonstrating remarkable resilience with a 42,000% appreciation from historic lows. BNB now sits merely 15% below its all-time high, having gained 12% from recent troughs. Market observers note the burn's psychological impact may outweigh its immediate supply effects.
BNB's dual appeal stems from both its programmed scarcity and organic utility within the Binance ecosystem. The token's sustained performance contrasts with broader market volatility, underscoring its unique position as both exchange asset and blockchain native currency.
Bhutan Capitalizes on Bitcoin Rally With $23.7M Sale, Outpaces German Strategy
Bhutan's sovereign investment fund, Druk Holding and Investments (DHI), executed a timely sale of 213.5 BTC, valued at $23.73 million, as Bitcoin surged past $112,000. The transaction, confirmed by Arkham Intelligence, was directed to a Binance deposit address, marking the second consecutive week of strategic divestment by the Himalayan kingdom.
Despite these sales, Bhutan retains a substantial bitcoin reserve of 11,711 BTC, now worth approximately $1.3 billion. This positions the nation as a leader in sovereign digital asset adoption, contrasting with other governments like Germany, which have faced criticism for poorly timed liquidations.
The MOVE comes amid Bitcoin's breakout from a two-month consolidation phase between $105,000 and $111,000. Global trading volume exceeded $60 billion in 24 hours, signaling renewed market momentum.
Binance's Alleged Role in Trump-Linked Stablecoin Project Under Scrutiny
Binance reportedly authored the foundational smart contract code for USD1, a stablecoin issued by World Liberty Financial—a firm with ties to former President Donald Trump. The arrangement allegedly facilitated a $2 billion investment in Binance by UAE-based MGX, with blockchain data showing 90% of USD1's supply held in Binance wallets.
Former Binance CEO Changpeng Zhao, currently serving probation for AML violations, sought a presidential pardon while privately supporting crypto initiatives linked to the TRUMP family, according to Bloomberg sources. The stablecoin's prospectus suggests the Trump family could earn $30 million annually from reserve interest.
Binance maintains the USD1 listing followed standard procedures, distancing corporate operations from Zhao's personal pardon request. World Liberty Financial dismissed the allegations as politically motivated, echoing Zhao's prior denials of similar claims from Wall Street Journal reporting.
NFT-Related Tokens Outperform Market in Q2 Despite Slumping Trading Volumes
NFT-linked cryptocurrencies defied broader market trends in the second quarter, posting average gains of 55.4% even as dollar-denominated NFT transactions hit multi-year lows. The sector's performance eclipsed Ethereum's 37.2% rise and Bitcoin's 31.4% advance, according to Artemis analytics.
Pudgy Penguins' PENGU token emerged as the standout performer, rocketing 380% from April's intraday low to June 30's close. The token continues its ascent, trading at $0.229 on July 11 amid Bitcoin's rally to new all-time highs.
Binance records show remarkable liquidity for PENGU, with daily USDT pairs routinely exceeding $180 million in turnover. This speculative fervor contrasts sharply with DappRadar's findings of a 45% quarterly drop in NFT trading volume - now just 21% of year-ago levels - despite transaction counts nearly doubling.
MultiBank Group Sets July 2025 Launch for $MBG Token Amid Institutional Backing
MultiBank Group, the world's largest derivatives firm, has confirmed its $MBG Token Generation Event (TGE) for July 22, 2025. The token will debut with full blockchain functionality, enabling trading on Uniswap and MultiBank.io—the group's regulated crypto exchange.
Backed by $35 billion in daily trading volume and $29 billion in assets across its ecosystem, the $MBG Token merges institutional credibility with deflationary mechanics. MultiBank's four-pillar structure—spanning CFDs, institutional trading, real estate tokenization, and crypto markets—anchors the project's $440 million valuation.
Trump’s Binance Ties Raise Fresh Questions About Stablecoin Ethics
A Bloomberg investigation reveals a surprising connection between Binance and the Trump-linked stablecoin USD1. Binance reportedly provided technical and promotional support for USD1 months before its founder, Changpeng Zhao, sought a pardon from former President Trump.
USD1, launched by World Liberty Financial, was marketed as a Pro-American stablecoin alternative. Behind the scenes, Binance managed its Core infrastructure and promoted it to its global user base. World Liberty also invested $2 billion in Binance using USD1, funds that remain in Binance wallets, raising ethical concerns about potential benefits to the Trump family.
Binance has declined to comment on its relationship with World Liberty, while a Trump-linked firm dismissed the investigation as politically motivated. The timing of CZ's pardon request and Binance's involvement with USD1 adds complexity to the narrative.
