“The BNB Chain’s layer-2 network, opBNB, recently completed a major upgrade, the Fourier hard fork, which doubled transaction throughput.”, — write: www.coindesk.com
The token fell 2.2%, with sellers gaining control as attempted rebounds stalled below key resistance zones, according to CoinDesk Research’s technical analysis data model. The broader market as measured by the CoinDesk 20 (CD20) index dropped 2.6%.
Volume surged during the day to well above average levels, signaling increased liquidity. Price action formed a descending channel, with each bounce weaker than the last. A sharp breakdown late in the session confirmed bearish momentum and flipped the $900 level from support to resistance.
The drop came even as BNB Chain’s layer-2 network, opBNB, completed a major upgrade. The Fourier hard fork cut block times in half, doubling transaction throughput. The change was designed to boost performance for applications built within the network’s decentralized finance (DeFi) ecosystem.
Elsewhere in the BNB ecosystem, Binance introduced silver perpetual futures contracts, its first foray into commodities, and started a $1 million staking campaign with high yield offers across major tokens. BNB can be used for trading fee discounts on the exchange.
Still, traders are focused on technicalities rather than fundamentals. Broader weakness across altcoins, tied to bitcoin’s recent pullback and overall market caution, weighed on sentiment.
For BNB to regain bullish footing, it would need to reclaim resistance levels near $906 and break out of its current downtrend. Until then, pressure may continue, with downside targets near $892 and possibly lower.
Disclaimer: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
KuCoin captured a record share of centralized exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the broader crypto market.
- KuCoin recorded over $1.25 trillion in total trading volume in 2025equivalent to an average of roughly $114 billion per monthmarking its strongest year on record.
- This performance translated into an all-time high share of centralized exchange volumeas KuCoin’s activity expanded faster than aggregate CEX volumeswhich slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly spliteach exceeding $500 billion for the year, signaling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activityreinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activityindicating structurally higher user engagement rather than short-lived volume spikes.
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Analysts believe privacy tokens such as zcash and monero will continue to outperform this year, but they will likely face delisting risks and conflicts with banks over regulatory issues.
- Privacy-focused cryptocurrencies have outperformed the market, driven by increasing demand for financial anonymity amid tightening regulations.
- Analysts warn that while privacy coins are gaining traction, they face significant regulatory challenges that could impact future gains.
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