BNB news

VanEck has launched the first U.S. spot BNB ETF, trading under ticker VBNB on Nasdaq, emphasizing BNB's real-world usage and revenue generation. The firm argues that BNB Chain's 33 million monthly active users and $100 billion in monthly stablecoin transfer volume make it a stronger long-term investment than many blockchain projects still selling a vision. VanEck Director of Digital Assets Product Kyle DaCruz noted that the ETF has attracted roughly $2 million in assets since launch. The firm plans to eventually add staking to the ETF's value proposition once regulatory conditions allow.

Memecoin launch platform DxSale was drained of $7.3 million in a cyberattack affecting about 1,400 liquidity providers on BNB Chain. The attacker transferred $1.87 million worth of BNB to Binance deposit addresses, according to PeckShield. Blockchain analyst Tahax noted the exploiter wallet was freshly created and funded via Bybit. The DxSale deployer had transferred ownership of the locker contract to a new wallet 269 days ago, allegedly leaving a backdoor. Coinsult reported that a privileged setFee function and backdated lock enabled withdrawal loops. The exploit adds to $52 million stolen in DeFi hacks in May, down from $634 million in April. OpenZeppelin's founder cited AI's role in identifying vulnerabilities, calling all DeFi unsafe.

Asset manager VanEck launched the first U.S. spot BNB exchange-traded fund on Nasdaq, trading under the ticker VBNB. The fund offers direct exposure to BNB, the native token of BNB Chain, without requiring investors to buy or store the token directly. The ETF holds BNB in cold storage via custodian Anchorage Digital Bank and charges a sponsor fee of 0.39%. VanEck highlighted BNB Chain's daily transaction volume of over 14 million and its support for more than 2.5 million daily active users. The launch follows amended filings from VanEck and Grayscale for spot BNB ETFs and comes amid a wave of new crypto ETFs, including those for SOL, DOGE, HYPE, and XRP, following the earlier approval of spot bitcoin and ether ETFs.

VanEck launched the first US spot BNB exchange-traded fund (VBNB) on Thursday, providing direct exposure to BNB. The fund is physically backed by BNB held in cold storage with Anchorage Digital Bank and carries a sponsor fee of 0.39%. The ETF excludes staking at launch due to regulatory uncertainty, though conditional staking language is included. BNB is the fourth-largest cryptocurrency with a market cap of about $88.3 billion, and the fund joins VanEck's growing lineup of spot crypto ETFs. VanEck's senior investment analyst noted BNB's resilience, citing over 14 million daily transactions and 2.5 million daily active users. The launch expands the US crypto ETF market beyond bitcoin and ether, following similar products for Solana, XRP, and others.

VanEck launched the first US spot BNB exchange-traded fund on Thursday, trading under ticker VBNB. The fund is physically backed by BNB held in cold storage with a qualified custodian and aims to track spot BNB price, with potential staking later if regulatory conditions allow. BNB, the native token of BNB Chain, has a market cap of roughly $85.5 billion and ranks among the top five cryptocurrencies. The launch follows a trend of asset managers introducing ETFs tied to altcoins, including spot Avalanche and Hyperliquid ETFs, as well as actively managed crypto funds.

BNB Chain tested a quantum-resistant security upgrade that successfully prevented potential attacks from future quantum computers, but the new protocol slowed network throughput by nearly 40%. Transaction signatures ballooned from 65 bytes to 2,420 bytes, causing blocks to fill faster and reducing transactions per second from 4,973 to 2,997 in cross-region tests. Validator voting remained efficient due to compression techniques that collapsed six votes into a single short proof, keeping most block confirmations within two slots. However, the slowest 1% of confirmations took up to 11 slots globally. BNB Chain acknowledged that data size and network constraints must be addressed before deploying the upgrade broadly.

Asset managers Grayscale and VanEck have filed amended S-1 registration statements for their respective spot BNB exchange-traded funds, moving the cryptocurrency closer to becoming an approved US crypto ETF. Grayscale filed its second amendment, while VanEck submitted its fifth, signaling potential progress based on SEC feedback. Despite BNB being the fourth-largest cryptocurrency by market cap, it has not yet been included in the growing list of US spot altcoin ETFs. The number of altcoin ETF filings has increased since the SEC introduced a generic listing standards process in September, replacing the previous case-by-case review framework.

VanEck and Grayscale filed fresh amendments to their spot BNB ETF proposals on Friday, signaling the race for the first U.S. BNB ETF may be nearing its final stage. VanEck submitted Amendment No. 5 for its VanEck BNB ETF (VBNB), while Grayscale filed Amendment No. 2 for its Grayscale BNB ETF (GBNB), both set to list on Nasdaq. Bloomberg Intelligence analyst James Seyffart suggested the parallel filings indicate both issuers are responding to SEC feedback and could be targeting a near-term launch. Both filings exclude staking at launch, a feature VanEck removed last November due to regulatory uncertainty. The trusts would hold BNB directly and are structured as Commodity-Based Trust Shares. BNB traded at about $657.23, down 2.4% in the past 24 hours. Meanwhile, Canary Capital advanced its staked TRX ETF proposal with Amendment No. 1, formalizing staking as a secondary investment objective. The amendment also filled in service provider details, naming U.S. Bancorp Fund Services, U.S. Bank, and BitGo. TRX traded at about $0.35, up 0.61%.

The U.S. Treasury Department is reportedly demanding stricter compliance measures from Binance following reports of Iran's use of crypto to bypass sanctions. BNB price dropped to $641.45 after the news. The pressure is part of 'Operation Economic Fury,' launched in April 2026. Treasury has sanctioned wallets linked to Iran's Central Bank and IRGC, and coordinated with Tether to freeze $344 million in USDT. Chainalysis estimated $7.78 billion in Iran-linked crypto activity in 2025. Binance, which previously settled sanctions violations with a $4.3 billion penalty, faces renewed scrutiny. Investors are watching for potential impacts on liquidity and institutional confidence.

Tether has expanded its gold-backed token XAUT to BNB Chain, increasing access to the dominant tokenized gold product. XAUT, representing physical gold in Swiss vaults, has a market cap of nearly $2.5 billion, accounting for nearly half of the $5.3 billion tokenized gold market. CEO Paolo Ardoino stated that listing on BNB Chain brings gold to hundreds of millions of users, making it usable in modern financial systems. Binance has opened spot trading for XAUT pairs, including with USDT, Bitcoin, and other currencies.