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BNB Sets Fresh Record High as Fee Cuts, Short Squeeze and Sovereign Interest Power Surge

Validators set a 0.05 Gwei minimum that lowers transactions to roughly half a cent.

Overview

  • BNB jumped to a new all-time high above $1,167 after breaking past the $1,085 resistance level, according to market data.
  • Roughly $400 million in leveraged positions were liquidated in 24 hours, including about $270 million in shorts, contributing to a sharp squeeze and elevated volatility.
  • Derivatives activity accelerated, with trading volume up 129% to $5.59 billion, open interest rising 24% to $2.39 billion, and options volume increasing 52%.
  • BNB Chain validators adopted a 0.05 Gwei minimum gas price and tightened block intervals to about 450 milliseconds, bringing typical fees near $0.005 per transaction.
  • Kazakhstan’s state-backed Alem Crypto Fund selected BNB as its first investment asset, and separate reports describe developing DOJ discussions regarding Binance’s compliance monitoring.