latest update on BNB:
Price Update
BNB's current price is $600.51, with a 0.58% increase in the last 24 hours. Its market cap stands at $84.59 billion.
Recent Developments
- *Binance Updates Listing Standards*: Binance published updated listing standards on April 26, 2025, enhancing transparency and boosting trust among traders. This news sparked renewed confidence, causing BNB's price to rebound from $598.
- *Lorentz Hard Fork Upgrade*: BNB Chain is set for a major upgrade with the Lorentz hard fork on April 29, 2025, aiming to ¹:
- *Reduce block times*: Cut block times in half from 3 seconds to 1.5 seconds.
- *Improve scalability*: Enhance efficiency without affecting overall throughput.
- *Update gas limit*: Lower gas limit from 140 million to 70 million gwei.
- *New Trading Pairs on Kraken*: BNB has been listed on Kraken with four new trading pairs: BNB/EUR, BNB/USD, BNB/USDC, and BNB/USDT, increasing its global liquidity and exposure ¹.
Future Plans
- *2025 Upgrade*: BNB Chain plans to enhance transaction speed, streamline user experience, and refine developer tools, with potential integration of artificial intelligence across its ecosystem ².
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