BNB (previously called Binance Coin) price edges lower by nearly 2% at press time on Tuesday, failing to hold above the $1,000 psychological level. Both the derivatives and on-chain data indicate lower demand as BNB futures Open Interest (OI) and transaction numbers decline.
Coinbase (COIN) plans to list BNB, the native token of the Binance ecosystem powering the BNB Chain, following market-wide criticisms around centralized exchange listing standards.
BNB Chain’s, previously known as Binance Smart Chain, X account was compromised earlier on Wednesday, with hackers driving a phishing attack to scam BNB Chain followers. Changpeng Zhao, commonly referred to as CZ, the former CEO of Binance, confirms the attacks with a warning.