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Reading: BNB Price Pushes Toward $785 as Binance Readies July Token Burn News ETHNews
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Ethereum

BNB Price Pushes Toward $785 as Binance Readies July Token Burn News ETHNews

Last updated: July 23, 2025 10:50 pm
Published: 7 months ago
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Binance plans a BNB quarterly auto‑burn on July 30. The event will remove about 1.9 million BNB tokens — valued at $1.47 billion — from circulation. Traders marked the date on their calendars and adjusted positions ahead of the deflationary adjustment.

Meanwhile, BNB Chain deployed zkBNB v2, a Layer‑2 rollup that uses zero‑knowledge proofs. It can process up to 10,000 transactions per second and cuts gas fees sharply. Developers in gaming and microtransaction markets should gain faster settlement and lower costs.

Binance Prime introduced segregated custody services for BNB. Now, hedge funds and DAOs can store tokens in cold wallets with detailed audit trails. Therefore, large investors may move funds on‑chain with greater confidence, which could reduce exchange‑held balances and market swings.

Additionally, Binance secured a Digital Asset Custody License from South Korea’s Financial Supervisory Service. As a result, BNB/KRW pairs became available on regulated Korean exchanges. Local traders can now trade fiat‑to‑BNB directly, which may boost regional adoption.

Finally, the BNB NFT Engine went live to serve Web3 marketplaces. It enables multi‑chain listings compatible with Solana and Ethereum. Over the past week, NFT volumes on BNB Chain rose by 22 percent, driven by GameFi projects and digital collectibles.

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