Binance Announces Full Support for BNB Smart Chain Upgrade and Hard Fork
Binance has announced its full support for the upcoming upgrade and hard fork of the BNB Smart Chain (BEP20) network to ensure uninterrupted and optimal service for its users. In preparation for this upgrade, Binance will conduct wallet maintenance for the BNB Smart Chain on December 16, 2025, during which deposits and withdrawals will be temporarily suspended. This maintenance is expected to last approximately one hour. The BNB Smart Chain, created by Binance, is a blockchain platform designed to enable fast and low-fee transactions, with BEP20 serving as the token standard that supports Binance’s digital economy. The network undergoes continuous upgrades and hard forks to meet evolving technological demands and enhance security. The scheduled network upgrade and hard fork are expected on January 14, 2026, during which deposits and withdrawals of all BEP20 tokens on Binance will again be temporarily halted. However, trading activities, including spot, margin, and futures trading, will continue without interruption. Users are not required to take any additional actions, as Binance will handle all technical changes to ensure the upgrade is successfully completed. Throughout this period, user funds will remain fully secure, and services will automatically resume upon completion of the upgrade. The primary goal of this upgrade is to improve network performance and provide users with a more stable and secure experience. Binance anticipates that the successful completion of this upgrade will further strengthen its reputation in the digital cryptocurrency market. Source: binance
Binance Launches Spot Altcoin Trading Festival with 4 Million XPL Rewards
Binance has announced the launch of its Spot Altcoin Trading Festival, offering users a chance to compete for a reward pool of 4,270,000 XPL token vouchers. The promotion runs from December 10, 2025, to December 19, 2025, and features two main tournaments: the Trading Volume Tournament and the Spot Grid Bot Trading Volume Tournament. Verified regular users and Binance VIP members are eligible to participate, while liquidity providers and Binance brokers are excluded. To join the Trading Volume Tournament, participants must trade a minimum equivalent of $1,000 in selected pairs such as BNB/USDT, CAKE/USDT, LINK/USDT, ASTER/USDT, and XPL/USDT. Rewards will be distributed based on rankings, with the top five traders sharing 2% to 10% of the total prize pool. Traders ranked sixth to twentieth share 20%, and those ranked twenty-first to fiftieth share 16%, while the remaining eligible participants share 34%. Each participant’s maximum reward is capped at 1,250 XPL. In the Spot Grid Bot Trading Volume Tournament, participants must set up a grid strategy with a minimum of $100 and achieve at least $200 in spot grid trading volume. Rewards are allocated proportionally to trading volumes, with a cap of 650 XPL per user. Token vouchers will be distributed by December 31, 2025, and must be redeemed within 21 days of receipt. Binance reserves the right to modify the promotion’s terms and reward distribution. This initiative aims to engage users actively and promote spot altcoin trading, providing cryptocurrency users with enhanced opportunities. Source: binance
Gana Payment Project Suffers $3.1 Million Loss in BSC Hack
The Gana Payment project has experienced a severe security breach on the Binance Smart Chain (BSC), resulting in a financial loss exceeding $3.1 million. The attacker initially transferred 1,140 BNB tokens, valued at approximately $1.04 million, to Tornado Cash. Subsequently, the stolen funds were moved to the Ethereum network, where about 346 ETH, worth nearly $1 million, were again deposited into Tornado Cash. Currently, the hacker holds 346 ETH on the Ethereum network, valued at around $1.046 million. The addresses involved in the incident include 0x2e8a8670b734e260cedbc6d5a05532264aae5c38 and 0xd10ed57534dc63f2ea9dc0cb0096086f3cc8fa4d, while the hacker’s Ethereum address is identified as 0x7a503e3ab9433ebf13afb4f7f1793c25733b3cca. Gana Payment is a project aimed at facilitating digital payments on BSC, a popular blockchain platform hosting numerous cryptocurrencies and DeFi projects. Despite blockchain’s immutable and transparent nature, such security attacks highlight ongoing risks, especially when hackers use privacy tools like Tornado Cash to conceal their identity. This incident underscores the urgent need for cryptocurrency and DeFi projects to enhance their security measures to protect users’ funds. Beyond financial loss, such thefts undermine market confidence, necessitating the adoption of advanced security systems and monitoring methods by blockchain platforms to prevent future attacks. Source: binance
Binance Launches KERNEL Trading Tournament with 400 BNB Prize Pool
Binance has announced the launch of a new KERNEL trading tournament offering a total prize pool of 400 BNB in token vouchers. The tournament will run from October 29, 2025, to November 12, 2025. All verified regular and VIP Binance users are eligible to participate, except those involved in Binance’s Spot Liquidity Provider program and liquidity providers for Binance Brokers. The tournament features four KERNEL trading pairs: KERNEL/USDT, KERNEL/USDC, KERNEL/BNB, and KERNEL/TRY. Participants must register by clicking the “Join Now” button on Binance’s website and trade a minimum equivalent of $1,000 in KERNEL pairs during the promotion to qualify for rewards. Users who do not meet this threshold will not receive any prizes. Prizes will be distributed proportionally based on trading volume, with a maximum of 0.75 BNB in token vouchers per user. Distribution will be completed by November 26, 2025, and vouchers will expire 21 days after issuance. All eligible buy and sell orders will count towards trading volume, and the leaderboard will be updated daily. Binance clarified that trading volume from zero-fee pairs, as well as transaction or gas fees, will be excluded. The platform reserves the right to disqualify participants involved in fraudulent or malicious activities. The success of this promotion depends on the successful listing of the relevant token on Binance Spot. As the world’s largest cryptocurrency exchange, Binance facilitates the buying and selling of various crypto assets. Such tournaments aim to increase user engagement and promote liquidity, thereby supporting active market activity in the crypto sector. Source: binance
According to Binance Market data on August 8, 2025, the…
According to Binance Market data on August 8, 2025, the price of BNB has surpassed the significant threshold of $790, currently trading at approximately $790.70. Over the past 24 hours, the cryptocurrency has experienced a modest yet positive increase of 1.98%, signaling a renewed sense of investor confidence. This price appreciation reflects growing demand for BNB on the Binance exchange, suggesting a strengthening market sentiment. Despite the inherent volatility observed across the broader cryptocurrency landscape, BNB has demonstrated relative stability, which market observers interpret as a promising indicator for its future valuation. This upward movement also underscores the expanding popularity of Binance and the enhanced functionality of its platform, contributing to the wider adoption of cryptocurrency on a global scale. Analysts and investors alike are now closely monitoring whether BNB can sustain this positive momentum, mindful that market dynamics remain subject to rapid change. Source: binance
