BTC $78,699.11 -0.32%
ETH $2,492.06 +1.50%
BNB $704.80 +1.09%
XRP $1.40 -3.10%
SOL $100.29 +3.06%
TRX $0.3360 -0.22%
DOGE $0.0866 -0.37%
ADA $0.2102 -0.89%
BCH $266.31 -0.12%
LINK $11.53 +1.20%
HYPE $81.44 +1.58%
AAVE $126.24 -0.73%
SUI $0.7508 -1.91%
XLM $0.1828 -1.25%
ZEC $815.47 +3.93%
BTC $78,699.11 -0.32%
ETH $2,492.06 +1.50%
BNB $704.80 +1.09%
XRP $1.40 -3.10%
SOL $100.29 +3.06%
TRX $0.3360 -0.22%
DOGE $0.0866 -0.37%
ADA $0.2102 -0.89%
BCH $266.31 -0.12%
LINK $11.53 +1.20%
HYPE $81.44 +1.58%
AAVE $126.24 -0.73%
SUI $0.7508 -1.91%
XLM $0.1828 -1.25%
ZEC $815.47 +3.93%

bnb

BNB (Binance Coin) is the native token issued by the world's leading cryptocurrency exchange, Binance. Initially issued as an ERC-20 token on the Ethereum blockchain, it was later migrated to the Binance Chain and Binance Smart Chain. BNB is primarily used to pay transaction fees, participate in token sales, pay for goods and services, and serve as fuel within the Binance ecosystem. Holders also enjoy trading fee discounts and participate in platform governance. BNB plays an important role in Binance's diversified ecosystem, supporting decentralized finance (DeFi) applications and smart contracts.
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BounceBit Chain update on vulnerability attack progress: will permanently halt the chain and migrate to BNB Chain

The cross-chain yield protocol BounceBit has released a security incident announcement stating that its blockchain network experienced a protocol-level vulnerability attack from August 19, 21:02 UTC to August 20, 01:54 UTC. The attacker exploited an authorization flaw in the underlying architecture of Evmos to transfer BB tokens from 9 mainnet accounts without the account owners' authorization. According to the announcement, the attacker transferred approximately 286.5 million BB through 14 transactions.The impact of the incident is limited to the BounceBit Chain itself and does not involve issues related to private key leakage, signature forgery, wallet, hardware device, or exchange account security. BounceBit's CeDeFi Strategy, Promo Vaults, Prime, and RWA products were not affected.BounceBit stated that the vulnerability originated from a defect in the authorization verification of the protocol's native module within the Evmos architecture. The attacker bypassed the security checks that were supposed to verify the authorization relationship of the funding source account when calling the relevant module through a smart contract, allowing them to designate any account as the source of funds.After the incident, the BounceBit Chain stopped block production at block height 20,702,857. The team then decided not to upgrade the chain but to permanently shut down the BounceBit Chain and reissue BB as a BEP-20 token based on the BNB Chain. BounceBit stated that the new BB token supply will be based on an on-chain snapshot taken before the first abnormal transfer (block height 20,697,260), and the 286,543,148 BB transferred by the attacker will not be included in the new token balance.Users do not need to submit applications or migrate wallets; the official plan is to automatically distribute the new BB to the corresponding BNB Chain addresses. For staked BB, BounceBit stated that it will be restored at the snapshot time, and holders do not need to perform unbinding or redemption operations. Currently, BounceBit has submitted requests for freezing and assistance to relevant exchanges and has reminded users to be vigilant against scams and not to click on any BB migration or claim links that have not been officially confirmed. The team stated that they will announce the new BEP-20 BB contract address and reissuance progress in the future.

BNB Chain will launch the Pasteur hard fork on August 25

BNB Smart Chain (BSC) announced that the Pasteur hard fork will officially launch on the mainnet at 10:30 AM Beijing time on August 25 (02:30 UTC on August 25). Node operators need to upgrade to client version v1.7.7 in advance. This upgrade includes three improvements: BEP-682, BEP-695, and BEP-675, focusing on enhancing cross-chain security, validator governance mechanisms, and network throughput capacity.Among them, BEP-682 will strengthen the cross-chain bridge validation mechanism of the BNB Chain, preventing the risk of permission bypass caused by duplicate calculations of validator signatures, thus improving the security of cross-chain asset transfers. BEP-695 optimizes the validator key rotation mechanism, ensuring that old keys no longer retain management permissions after exiting, while also fixing potential vulnerabilities related to penalties and governance voting. In terms of performance, BEP-675 reduces the time consumption caused by validators repeatedly executing transactions by optimizing the block construction process.In the internal QANet testing environment of the BNB Chain, this solution increased throughput from 1237 TPS to 2324 TPS, while maintaining a block time of 450 milliseconds and a block limit of 100 million Gas, with the average Gas usage per block rising from 46.35 million to 84.15 million.BNB Chain stated that this upgrade is primarily aimed at validators and block builders, intending to provide greater capacity during network peak periods and to promote the throughput expansion goals outlined in the BNB Chain roadmap for the second half of 2026.

BNB Chain launches the Build the Era hackathon, soliciting the best AI Agent trading market on BNB Smart Chain

On August 5, 2026, BNB Chain officially launched the Build the Era open hackathon, aimed at individual developers and teams, soliciting proposals for building the best AI Agent trading market on the BNB Smart Chain. Currently, over 200,000 AI Agents based on the ERC-8004 standard have been registered on the BNB Smart Chain, accounting for about 60% of the total number of similar Agents across 26 networks, but there is a lack of a unified entry point for discovery, comparison, and invocation. This hackathon aims to fill this discoverability gap.The total prize pool for this hackathon exceeds $40,000, jointly provided by BNB Chain and ecosystem partners such as TermiX, PancakeSwap, AltLayer, and Altana. Among them, the champion of the main track from BNB Chain will receive a reward equivalent to 30,000 USDT and have the opportunity to be officially adopted as the trading market for BNB Agent Studio, incubated and operated as an independent product. TermiX has set aside a partner track prize of 10,000 USDT, PancakeSwap offers 1,000 CAKE, AltLayer provides the 8004scan Pro solution and AltLLM credits, and Altana offers 50,000 XP.The submission period for works is from August 5 to September 9, with the evaluation period from September 9 to 23, and the winners will be announced on November 5. BNB Chain reminds developers to build markets around four types of Agents: monitoring, grid trading, health factor management, and yield optimization, and suggests that the market should have cross-category coverage capabilities.
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