Binance-Sourced Pairs Lead Pendle’s Boros Launch for On-Chain Funding Rate Trading
Pendle Finance has unveiled Boros, a decentralized platform designed for trading cryptocurrency funding rates on-chain. Currently operational on Arbitrum, Boros initially supports BTC/USDT and ETH/USDT pairs sourced from Binance, with plans to expand to more pairs and exchanges. This innovative product enables users to speculate or hedge on funding rates, which are periodic payments between traders in perpetual futures markets. The launch marks a significant step in on-chain derivatives trading, leveraging Binance's liquidity for its first offerings.
Pendle Launches Boros for On-Chain Funding Rate Trading
Pendle Finance has introduced Boros, a decentralized platform enabling users to trade cryptocurrency funding rates on-chain. The product, now operational on Arbitrum, initially supports BTC/USDT and ETH/USDT pairs sourced from Binance, with plans to expand to additional pairs and exchanges.
Boros allows speculation or hedging on funding rates—periodic payments between traders in perpetual futures markets. Pendle's Yield Units (YUs) facilitate exposure to these rates, with each YU-ETH representing the expected yield from 1 ETH's funding rate until maturity. Open interest is capped at $10 million per pool at launch, with 1.2x leverage available.
The platform marks Pendle's evolution beyond Yield Tokens (YTs), focusing specifically on funding rate derivatives. Market participants can take long positions if anticipating rising rates or short positions if expecting declines.
WazirX Creditors Vote on Amended Scheme as Court Review Looms
Creditors of embattled Indian exchange WazirX face a 7:30 PM IST deadline today to cast votes on a revised recovery plan. The Amended Scheme proposes structural changes to address frozen assets, following regulatory interventions earlier this year.
Kroll Issuer Services oversees the tamper-proof voting mechanism, with independent auditors Alvarez & Marsal set to verify results post-deadline. The outcome could set precedent for crypto insolvency proceedings in India's evolving regulatory landscape.
BlockchainFX Presale Gains Attention with Multi-Asset Trading Platform
Cryptocurrency innovation continues at breakneck speed, yet market fragmentation remains a persistent challenge. BlockchainFX ($BFX) emerges as a potential solution, combining Binance-like utility with Uniswap-style rewards in its ongoing presale.
The platform distinguishes itself through unified access to over 500 assets spanning crypto, traditional stocks, forex, and commodities. Its dual-reward mechanism—distributing both BFX tokens and USDT—aims to create compelling passive income opportunities for users.
Market observers note the project's timing coincides with growing demand for consolidated trading interfaces. The presale's structure suggests strategic positioning for the 2025 market cycle, though as with all crypto ventures, execution risk remains.
BNB Rebounds Toward $760 Amid Broader Market Weakness
BNB edged higher over the past 24 hours, stabilizing NEAR $760 after successfully defending its $750 support level. The token's resilience stands out against a backdrop of steep declines across major cryptocurrencies, as geopolitical tensions and macroeconomic uncertainty weigh on risk assets.
Binance's native token drew consistent buying interest from both retail and institutional participants, with elevated trading volumes fueling its recovery from intraday lows. This relative strength follows Binance's recent platform enhancements, including the launch of a web-based wallet and expanded Bitcoin options offerings.
Corporate treasury adoption continues to accelerate, with CEA Industries, Wintree Therapeutics and Nano Labs among firms adding BNB to their balance sheets. The token's 10% decline from its peak compares favorably to exchange peers still down 30-60%, cementing its status as a sector outperformer alongside LEO.
Technical indicators show BNB rebounding sharply from a session low of $746.29, where concentrated selling met equally forceful demand. The token now commands 81.4% dominance in the exchange token sector by market capitalization.
BNB Consolidates as Market Cools; Remittix Emerges as August's Potential Top Gainer
BNB's price action has slowed significantly after a strong July rally, with the token now consolidating near $582—just 0.4% higher on the day—while Bitcoin and ethereum continue their gradual ascent. Technical indicators suggest support at $560, with analysts eyeing a Q4 rebound to $650-$700 if bullish sentiment prevails.
Meanwhile, Remittix (RTX) is gaining attention as a dark horse for August's top performer. The PayFi token distinguishes itself by enabling crypto-to-fiat conversions that appear as conventional bank transfers, targeting cross-border utility without centralized exchange dependencies. Its low-cap status and real-world use case are drawing speculative interest amid BNB's sideways movement.
Binance's Latest Proof-of-Reserves Shows Increased XRP and Bitcoin Holdings
Binance, the world's largest cryptocurrency exchange, has disclosed a significant uptick in both bitcoin and XRP holdings in its August 2025 proof-of-reserves report. The exchange now safeguards 591,163 BTC ($67 billion) in customer deposits against a reserve of 608,639 BTC ($70 billion), marking a 102.96% collateralization ratio—a marginal increase from July's 102.51%.
USDT remains the second-largest asset on Binance, with reserves climbing to 102.27% collateralization. The report underscores a broader trend of exchange balances swelling—a dynamic often preceding market volatility, as seen after Bitcoin's July all-time high.
