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Crypto exchange Binance temporarily suspended its blockchain network after hackers made off with around $570 million worth of its BNB token. According to Binance,  cross-chain bridge linking with its BNB Chain was targeted, enabling hackers to move BNB tokens off the network. Cross-chain bridges are tools that allow the transfer of tokens from one blockchain to another. The company said it had worked with network validators to pause creation of new blocks on BSC, suspending all transaction processing while a team of developers investigates the breach.

"Binance Lending" will allow holders of BNB token, Ethereum classic  and Tether to earn interest on their funds. The maximum cap per account is initially set at 500 BNB and 1,000,000 USDT respectively.

"Last week, Binance boss Changpeng Zhao (CZ) declared that after the exchange received a license in Kazakhstan, his team had persuaded Berik Sholpankulov, the First Deputy of the Governor of the National Bank of Kazakhstan, to test integrating the Digital Tenge with the BNB blockchain. While he stopped short of confirming integration, the tweets started a frenzy of rumors and digital currency media articles speculating that BNB Chain would be the home of Kazakh CBDC."

No other crypto-asset provides its owner with as much functionality as BNB. Is the sort of multi-functionality offered by BNB a feature that all assets will have in the future? Maybe not. Even if the technological problem is solved (as well as a legion of legal and regulatory issues), they may not offer end-users an ideal customer experience. The problem is that functions start to interfere with each other, the final result being that the total usefulness of the multi-functional asset is less than the total usefulness of the set of separate assets, each offering its functionality independently. So a multi-functional world may never actually emerge because people naturally prefer that functions be split apart.

Binance holds $74.7 billion worth of tokens of which around 40% are in its own BUSD US dollar-pegged stablecoin and its BNB native coin. Of the $74.6 billion termed as networth, about $23 billion was in BUSD and $6.4 billion in BNB. The exchange has also allocated 10.5% of its holdings in Bitcoin and 9.8% in Ether. While Binance shared details of its reserves, the dashboard does not break down how much of the assets are its own holdings, versus those of its customers.

The National Bank of Kazakhstan (NBK) will test the Binance blockchain network BNB Chain for potential integration into the country's Digital Tenge retail CBDC. This comes a week after the NBK completed a week of CBDC proof-of-concept tests, imitating an actual production environment with Digital Tenge wallets provided through local financial institutions' interfaces, with 200 real central bank staffers and 4 merchants.

The U.S. Securities and Exchange Commission (SEC) filed suit against Binance, its U.S. platform and CEO Changpeng Zhao (CZ) in the District Court for the District of Columbia. There were 13 charges, including unregistered offers and sales of the BNB and BUSD tokens, the Simple Earn and BNB Vault products and its staking program. In addition, the SEC alleges in the suit that Binance failed to register its Binance.com platform as an exchange or a broker-dealer clearing agency. CZ was sued as a "controlling person." https://www.sec.gov/news/press-release/2023-101

The National Bank of Kazakhstan (NBK) will be conducting central bank digital currency (CBDC) proof-of-concept (PoC) work in 2023. This is according to a report published jointly by the central bank and Binance on digital asset regulation, the digital asset industry and decentralized finance (DeFi) in Central Asia. However, it mentioned that in 2023, the NBK is planning to build several PoC scenarios of integration between the experimental Digital Tenge platform and BnB chain in 2023 to explore opportunities of DeFi and TradFi industry players' cooperation under central bank supervision. https://drive.google.com/file/d/1HBoDssEY_jf325m1Hg2RGPgVKiNFI85q/view

The national cryptocurrency of the Central African Republic, Sango Coin, is now on sale. People looking to buy the token need at least $100 in Bitcoin, Ethereum, BNB Smart Chain, Tether, USD Coin, Binance USD, or DAI. Buyers cannot withdraw or transfer their tokens until the lock-up period is over. However, only 5% of the tokens had been sold in the first 24 hours of the public sale.

"Recent news reports have shone a light on Binance-Peg BUSD ("PBUSD") and how it doesn't always appear to have been completely backed by BUSD issued by Paxos. PBUSD is minted on several blockchain networks including BNB Chain, Avalanche, Polygon, and TRON. PBUSD has always been, and continues to be, 100% collateralized. However, the collateral has not always been stored in a single, dedicated wallet in real time so that the 1:1 backing was not always immediately visible to users. Binance undertook a project to centralize the collateral in a single, dedicated wallet; this was completed on 04 January 2023 so that users have visibility into the 1:1 backing of PBUSD. Minting of PBUSD now only takes place after collateral is added to the dedicated wallet. Centralization of collateral for all Binance-backed tokens into dedicated collateral wallets will be completed by 09 February. This will be visible in the Proof of Reserves system that we are continuing to develop."

"Blockchain technology is powerful but has a fundamental limitation: it cannot access real-world data on its own. Smart contracts, essential to many blockchains and decentralized finance applications, rely on external data to function. This is where "oracle networks" like Chainlink come in. Oracles enable smart contracts to securely pull data from a wide range of information sources, instead of relying on a single provider. Over 14 blockchain ecosystems are compatible with Chainlink, including Ethereum, Avalanche, Polygon, and BNB Chain. Through these integrations, over 1,600 projects are using Chainlink's technology as of 2025."

Gelephu Mindfulness City (GMC), Bhutan's new Special Administration Region, will recognise digital assets such as Bitcoin (BTC), Ether (ETH) and BNB as part of its strategic reserves, making the Special Administrative Region (SAR) one of the first jurisdictions to officially hold digital assets as part of its strategic reserves. The inclusion of digital assets in the GMC's strategic reserves will enhance the SAR's economic resilience, and is an evolution of the jurisdiction's involvement in bitcoin mining.

Binance will list a tokenized version of Coinbase's stock once to let users buy and sell fractions of a share. Earlier in the week it launched a tokenized version of Tesla stock.