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BURN News - Blockchain.News

CRYPTOCURRENCY

BNB Chain Executes 29th Quarterly BNB Token Burn Worth $1.07 Billion
cryptocurrency

BNB Chain Executes 29th Quarterly BNB Token Burn Worth $1.07 Billion

BNB Chain has successfully completed its 29th quarterly BNB token burn, eliminating over 1.77 million BNB valued at approximately $1.07 billion, according to BNB Chain.

Astar Network Completes 350 Million ASTR Token Burn
cryptocurrency

Astar Network Completes 350 Million ASTR Token Burn

Astar Network successfully burns 350 million ASTR tokens, marking a significant milestone in optimizing the network’s tokenomics and enhancing sustainability.

Chiliz (CHZ) Chain Announces Tokenomics 2.0 with Inflation Model and Burn Mechanism
cryptocurrency

Chiliz (CHZ) Chain Announces Tokenomics 2.0 with Inflation Model and Burn Mechanism

Chiliz Chain introduces Tokenomics 2.0, enhancing utility and blockchain longevity with an 8.80% base rate and token burn mechanism, aiming for a minimum annual yield of 5.72% APY.

Binance Accelerates LUNC Burn, Fuels Market Optimism with Over 49 Billion Tokens Burned
cryptocurrency

Binance Accelerates LUNC Burn, Fuels Market Optimism with Over 49 Billion Tokens Burned

Binance's recent burning of 5.57 billion Terra Luna Classic tokens has significantly reduced LUNC supply, leading to a 7% increase in LUNC and USTC prices.

PancakeSwap's CAKE Token Skyrockets by Over 50%
cryptocurrency

PancakeSwap's CAKE Token Skyrockets by Over 50%

PancakeSwap's CAKE token experienced a 50% surge in a week, thanks to strategic token burn and a new supply cap proposal, marking a significant DeFi milestone.

DeFi Platform Raft Compromised, Loses $3.3 Million in Ether
cryptocurrency

DeFi Platform Raft Compromised, Loses $3.3 Million in Ether

Raft DeFi platform hacked, loses $3.3M in ETH. Attacker burns most stolen ETH, faces net loss.

SEC Alleges Fraud Against SafeMoon Amidst System Flaw Exploit
cryptocurrency

SEC Alleges Fraud Against SafeMoon Amidst System Flaw Exploit

The US SEC has accused decentralized finance project SafeMoon of fraud following a system flaw in March that resulted in a loss of 8.9 million BNB. The breach was linked to a vulnerability in SafeMoon's smart contract, allowing malicious transfers of 32 billion SFM tokens. Insider involvement is suspected.

What is SHIB Burn and Impact on Price?
cryptocurrency

What is SHIB Burn and Impact on Price?

Explore SHIB burn: the process of removing SHIB tokens from circulation, the addresses used, and its impact on price.

Astar Network (ASTR) Announces Tokenomics 2.0 with Enhanced Burning Mechanism
cryptocurrency

Astar Network (ASTR) Announces Tokenomics 2.0 with Enhanced Burning Mechanism

Astar Network, a leading blockchain platform in Japan, has unveiled its Tokenomics 2.0 strategy, focusing on creating sustainable growth for its native token, ASTR.

CryptoPunk NFT Accidentally Sent to Burn Address
cryptocurrency

CryptoPunk NFT Accidentally Sent to Burn Address

NFT collector Brandon Riley accidentally sent a CryptoPunk to a burn address while attempting to borrow money against the asset.

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