BNB News & Analysis Today

BNB is the native cryptocurrency of the BNB Chain ecosystem, which includes two main parts: • BNB Smart Chain (BSC) – the blockchain where smart contracts and decentralized apps (DApps) run. • BNB Beacon Chain – the chain that handles governance and staking. When Binance launched BNB in 2017, it started as an ERC-20 token on Ethereum. Later it moved to Binance’s own blockchain and became the “fuel” of the network. In 2022, the name changed from Binance Coin to simply BNB (Build and Build). What BNB is used for • Paying fees: On BNB Smart Chain, you need BNB to pay gas fees every time you send a transaction or interact with a smart contract. • Staking and governance: Holders can stake BNB to support the network and take part in decisions. • Trading discounts: On the Binance exchange, users who pay trading fees in BNB get discounts. • Ecosystem utility: BNB is also used on services like Binance DEX, Binance Launchpad, and many DApps built on BNB Smart Chain.

  • This week, the cryptocurrency market corrected downward, significantly weakening the positions of most leading assets: BTC is trading around 113,000.00 (–3.9%), ETH at 4,320.00 (–3.3%), XRP at 2.8700 (–7.6%), USDT at 1.0007 (–0.12%), and BNB near 855.00 (+0.1%). The total market capitalization amounted to $3.85 trillion, with BTC’s share at 58.6%, while Bitcoin ETFs decreased by $1.155 billion and Ethereum ETFs by $848.8 million.

  • BNB has entered price discovery once again, briefly topping $881 on August 21 and pushing its market capitalization beyond $120 billion. This milestone secures a fresh all-time record for the Binance-native token.

  • Bitcoin wrapped a whirlwind week — including a fresh intraday all-time high at 124,533 US dollars — back near last week’s close, a touch below 118,000 US dollars. By contrast, several large-cap altcoins found a bid: Ethereum (ETH), Solana (SOL), and BNB each gained roughly five percentage points over the period. The new trading week now turns squarely on macro: Eurozone inflation, the Fed’s latest meeting minutes, U.S. housing data, and the annual Jackson Hole gathering of central bankers. Here’s what’s on the docket — and why crypto cares.