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BNB's price failed to react to the exchange's latest token burn.

The BNB Chain saw its quarterly auto-burn finalize, removing 1,991,854 BNB tokens ($480 million) from circulation.

Binance announced its 24th binance coin (BNB) burn while the asset consolidated in the red zone. More than 1.99 million tokens were burned, with a total value of over $484 million at the time of the transaction.

On July 10, Binance Coin (BNB) spiked 4% to cross the $240 threshold following the much-heralded Arkham Intelligence project launch on the Binance Launchpad. Will Arkham's public sale trigger bearish pressure?

Bankrupt cryptocurrency lending platform Celsius Network has started divesting of a signficnat amount of altcoins, at a time in which it faces managerial unrest after its former CEO, Alex Mashinsky, was arrested over a slew of federal charges.

Binance continues to face the ripple effects of the SEC lawsuit. Layoffs, termination of deals and a third party filing a case against both the SEC and Binance could make things worse for the exchange, going forward.

The world's largest crypto exchange Binance to burn 1.99 million BNB tokens in the 24th quarterly burn mechanism, according to the BNB burn portal. Binance intends to bring BNB circulating supply under 100,000,000 through its BNB Auto-Burn procedure.

BNB Chain's weekly active users remained above the 4 million mark. The coin's weekly price chart was green, but its value declined in the last 24 hours.

Crypto exchange Binance has been the subject of intense regulatory scrutiny over the last few months and BNB has suffered as a result. Even now, as it seems the crypto exchange is beginning to find its footing once more amid regulatory wolves circling, its native token is still under immense selling pressure.

Binance slashed employee benefits last month due to declining profits. CEO Changpeng Zhao assured the employees that his company was still profitable.

Bitcoin and other major cryptocurrencies have entered a period of relative calm as they trade without significant price movements for the third consecutive day. Last week's increased volatility, fueled by Ripple's legal victory, has subsided, leading to a more stable market environment.

Bitcoin bulls have failed to step in, increasing the chance for a retest of the $29,500 support.

The new week has started with a correction of the cryptocurrency market.

The cryptocurrency market sees a surge in short interest for BNB token, an alarming sign of bearish momentum on the horizon. As traders set their sights on the perpetual futures market linked to the BNB token, indicators suggest a challenging landscape unfolding due to several controversies surrounding the cryptocurrency.

There are curious things happening with BNB, the native token of Binance. Before jumping into it, let me tell a quick story which may help illustrate how misleading certain metrics and data can be in the crypto space.

● Bitgert celebrates its second anniversary by listing its BRISE on ten exchanges. ● The platform also introduces a meme character for BRISE to bring a new level of fun and engagement to the community.

Celsius, the bankrupt crypto lender, has started selling its non-Bitcoin and non-Ethereum crypto assets, records on July 17 indicate. According to on-chain data from Lookonchain, Celsius has transferred approximately $23.5 million of various cryptocurrencies, including BNB, ZRX, LINK, BONE, and SNX, to FalconX and OKX, respectively.

The latest price moves in bitcoin (BTC) and crypto markets in context for July 17, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

BNB prices remain in a $30 consolidation as Binance prepares to take on the SEC. The immediate support is at $230.

Celsius, a prominent cryptocurrency lending platform, has initiated massive sales of several altcoins, raising concerns among investors. The transactions, tracked by blockchain sleuths, indicate that Celsius transferred significant holdings of multiple cryptocurrencies to FalconX, a digital assets trading platform.

Open interest (OI) for perpetual futures contracts on Binance Coin (BNB) has surged to new highs. The move could be driven by speculators anticipating bad news and a rocky road ahead for the world's largest crypto exchange.

The $BNB futures market is experiencing interesting developments, hinting at potential market shifts and upcoming events. A surge in perpetual futures open interest, accompanied by deeply negative funding rates, has caught the attention of the crypto community.

Traders in the perpetual futures market tied to the BNB token are leaning bearish as the embattled cryptocurrency faces a challenging environment on multiple fronts.

Weekly crypto price analysis shows that most of the coins have been trading close to their upper resistance levels, which indicates the possibility of a bullish breakout. Bitcoin has been between $30k-31k for the past few days and is trading near its range's higher end.