BNB Surges 2.73% as Record Weekly Close, Investor Confidence, and Utility Drive $2B Trading Volume
BNBUSDT has experienced a 2.73% price increase over the last 24 hours, rising from 766.11 to 787.04. This upward movement is primarily attributed to sustained bullish momentum following BNB’s record weekly close on July 20, increased investor confidence as evidenced by a yearly high in derivatives open interest, and positive sentiment from analysts highlighting BNB as a top pick during the ongoing altcoin season. Additional support comes from corporate treasury growth, with Nano Labs increasing its BNB reserves, and continued utility-driven demand from Binance’s cashback campaign and staking features. Despite some volatility and minor discrepancies in reported prices across platforms, BNB remains actively traded with a 24-hour volume exceeding $2 billion and a market capitalization near $108 billion, consolidating its position among the top cryptocurrencies.
CFX Token Sees 20.9% Drop After Mainnet 3.0 Surge and Offshore RMB Stablecoin News
CFXUSDT experienced significant volatility in the past 24 hours, with the price dropping 20.90% from a 24h open of $0.2206 to a current price of $0.1745 on Binance. This decline follows a period of sharp gains driven by the announcement of the Conflux 3.0 mainnet upgrade, which promises increased transaction throughput and on-chain AI agent support, as well as news of a strategic partnership for an offshore RMB stablecoin pilot. The recent price drop is primarily attributed to profit-taking after the rapid rally sparked by these developments, as traders reacted to the heightened hype and subsequent market correction.
Currently, CFXUSDT is trading at $0.1745 with a 24-hour trading volume ranging from $430 million to over $1 billion, and a market capitalization estimated between $877 million and $1.11 billion, reflecting ongoing high activity and consolidation after recent price swings.
DogeOS Proposes ZKP Integration to Expand Dogecoin's Potential
DogeOS, an application layer built on Dogecoin, has submitted a proposal to upgrade the blockchain with native zero-knowledge proof (ZKP) verification, according to a July 22 announcement shared with CryptoSlate.
The proposed upgrade, named OP_CHECKZKP, aims to enable smart contract interoperability with Ethereum. DogeOS is currently developing its own Ethereum-compatible zkVM — the core infrastructure that will allow seamless and trustless interaction between Dogecoin and Ethereum.
Jordan Jefferson, CEO of DogeOS, called this "a game-changing step that allows Dogecoin to compete head-to-head with any other chain."
Unlocking Dogecoin’s Potential
The proposal introduces a new opcode without launching a separate virtual machine, preserving Dogecoin’s simplicity while expanding its capabilities. It also lays the groundwork for:
Confidential transactions
Cross-chain DOGE bridges
Composable decentralized applications (dApps) on the DogeOS layer
If implemented, Dogecoin could evolve beyond simple peer-to-peer payments and become a smart contract platform supporting DeFi, NFTs, identity protocols, and verifiable blockchain gaming.
The integration of ZKPs would also enable on-chain verification of cryptographic proofs, unlocking scalability solutions like zk-rollups. This could increase Dogecoin’s transaction throughput to thousands per second, while maintaining decentralization and lowering fees.
Tim Stebbing, Director of the Dogecoin Foundation, commented:
“Dogecoin gaining the ability to integrate with ZK L2s is the kind of interoperability we need to build ecosystem utility, allowing the L1 to focus on being the fastest, best, most fun blockchain and means of exchange for all humanity.”
DogeOS already operates the popular MyDoge wallet, giving it a direct path for distributing the upgrade to users. The team emphasized that the proposal aligns with Dogecoin’s open-source development ethos and core community values.