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BNB price was relatively unchanged today, June 27, as sentiment in the crypto market worsened. Binance Coin was trading at $640, up by 7.50% from its lowest level this week. Its growing stablecoin addresses, decentralized exchange volume, and bullish pennant point to more upside. BNB Price Technical Analysis as a Bullish Pennant Forms The four-four
The post BNB Price Eyes an 8% Surge Amid DEX Dominance and Stablecoin Growth appeared first on CoinGape.
BNB Chain announced a major upgrade, the Pascal Hardfork, slated for March 20. The upgrade improves Ethereum Virtual Machine (EVM) compatibility, smart contract wallets, and developer flexibility.
This upgrade follows the recent Ethereum Sepolia Testnet upgrade to Pectra, highlighting the rapid pace of blockchain development.
BNB Chain revealed the update in a post on X (Twitter), noting that the Pascal Hardfork will improve user experience and developer efficiency on the Binance Smart Chain (BSC).
One of its most significant implementations of the Pascal Hardfork is EIP-7702 (Ethereum Improvement Proposal 7702). The upgrade potentially puts the network at the forefront of EVM-compatible chains.
“This makes it [BNB Chain] one of the earliest chains to adopt this EVM upgrade,” the network stated.
According to the announcement, Pascal Hardfork will allow wallets to function as smart contracts. This would unlock several benefits, including delivering gasless transactions.
With this upgrade, users can pay for gas fees more flexibly, improving accessibility.
The Pascal upgrade will also deliver batch approvals and swaps, meaning transactions can be grouped. This would reduce costs and make DeFi interactions smoother.
Further, EIP-7702 would simplify web3 onboarding, delivering an easier user experience for those new to crypto.
Binance founder and former CEO Changpeng Zhao (CZ) acknowledged the Pascal upgrade, calling it an “Important Hardfork.” Meanwhile, BNB Chain hinted that beyond Pascal Hardfork, other upgrades are in the pipeline.
It cited the Lorentz Hardfork, slated for April 2025 and expected to deliver faster blocks at 1.5 seconds transaction speed.
Additionally, the Maxwell Hardfork, due in June 2025, would make the BNB Chain significantly faster, with a transaction speed of 0.75 seconds.
“Lorentz at 1.5s blocks? Solana already does 0.4s. But Maxwell at 0.75s… BNB’s roadmap is evolution on crack,” a user on X quipped.
In a broader context, this announcement comes only days after Ethereum’s Sepolia Testnet implemented the Pectra upgrade. BeInCrypto reported that this upgrade enhances Ethereum’s EVM functionality and smart contract capabilities.
Therefore, BNB Chain’s timing signals growing competition among blockchain networks.
Despite the positive developments, BNB price remains largely unaffected today.
However, BNB remains a more resilient asset among the top cryptocurrencies. The altcoin saw a 2% gain in the past month, while all the major tokens, such as Bitcoin, Ethereum, and Solana, saw double-digit losses.
The post BNB Chain Reveals Mainnet Launch Details for Pascal Hardfork appeared first on BeInCrypto.
Airdrop tokens are under the spotlight as Kadena (KDA), Huma Finance (HUMA), and Sophon (SOPH) face volatile market reactions following their recent distributions.
Kadena kicked off a Galxe campaign with a $55,000 prize pool but remains down 14.4% in the last week. HUMA has dropped over 51% in just three days after its Season 1 airdrop, despite strong investor backing. Meanwhile, SOPH plunged 33% within 24 hours of launch due to a massive token unlock and continues to test key support levels amid high leverage and limited utility.
Kadena leads the list of top crypto airdrops for the final week of May, raising over $35 million with backing from major investors like Multicoin Capital, CoinFund, and SV Angel.
The project, a Layer 1 Proof-of-Work blockchain focused on scalability, launched a confirmed airdrop campaign through Galxe with a 100,000 KDA prize pool—valued at around $55,000.
Users can participate by completing tasks such as connecting wallets, joining social channels, or holding KDA tokens. The campaign runs until August 24, offering a strong incentive for community engagement and ecosystem growth.
Despite the airdrop buzz, Kadena’s price has struggled, down 14.4% over the past seven days and currently trading below $0.60.
If the current downtrend continues, KDA could fall toward support at $0.507.
However, if sentiment shifts and buying pressure returns, the token may retest resistance at $0.54, with further upside potential toward $0.621 and $0.677.
Huma Finance recently unveiled its full tokenomics and Season 1 airdrop details, allocating 5% of the total 10 billion HUMA token supply to early users.
Backed by major investors like Circle and HashKey Capital, Huma is positioning itself as a first mover in the emerging PayFi sector. It aims to merge instant payments with DeFi and real-world assets.
Despite raising over $46 million and planning a second airdrop of 2.1% post-TGE, the project faced criticism for its relatively low initial airdrop allocation.
The team insists this is just the beginning, but market engagement has been modest, signaling shifting user preferences toward newer airdrop models.
Since the airdrop, HUMA has plunged more than 51% in just three days, reflecting a lack of buying support following the airdrop. If the current downtrend continues, the price could fall below $0.0503, testing new lows.
However, if sentiment shifts and the token finds support, it could rebound to challenge resistance at $0.055. A stronger rally could even push HUMA up toward $0.0596, though sustained momentum would be needed to reverse the early bearish pressure.
Sophon’s SOPH token dropped over 33% within 24 hours of its debut and Binance listing, primarily due to the sudden release of 900 million airdropped tokens.
Despite strong backing—including over $70 million in funding and support from Binance Labs—the token’s limited immediate utility and the overwhelming supply shock triggered a sharp sell-off.
Adding to the volatility, Binance assigned SOPH a “seed tag” and enabled futures trading with up to 75x leverage, amplifying price swings.
SOPH is now hovering near a key support level at $0.056, which may be tested soon if pressure continues. Should the token regain bullish momentum, it could challenge resistance at $0.059.
A strong uptrend could push SOPH further to $0.061, $0.064, and possibly $0.067.
The post 3 Latest Airdrop Tokens to Watch for the First Week of June appeared first on BeInCrypto.
XRP has experienced a surge in open interest, rising 17% to hit approximately $10.37 billion. This uptick comes amid heightened trading activity following a Ripple whale move of $173 million. Amid these whale transfers, XRP price has enjoyed bullish momentum breaking resistances and eyeing an all time high soon. XRP Open Interest Surges Over 18%
The post XRP Open Interest Soars 18% as Ripple Whale Moves $173M appeared first on CoinGape.