BNB Rises on Faster Blocks and Tokenized Stocks

BNB, the native token of BNB Chain, has risen 0.6% due to technical upgrades and new use cases, attracting investors. The chain recently implemented the Maxwell hard fork, cutting block times in half to 0.75 seconds for faster transactions. BNB Chain positions itself as a quicker option for decentralized apps with $6 billion total value locked.

Kraken and Backed Finance are introducing tokenized equities to BNB Chain, enabling users to trade stocks like Apple and Tesla 24/7. These BEP-20 tokens will be accessible in 185 markets outside the U.S. The CoinDesk 20 index saw a 2.7% increase, despite U.S. President Trump announcing tariffs set for August 1.

BNB faced resistance near $664.20, with potential signs of accumulation by larger investors. A pullback to $661.75 suggests some traders may be taking profits. The next challenge for BNB is surpassing the $665-$667 range to determine if recent gains will maintain momentum or face selling pressure.

Read more at Yahoo Finance: BNB Climbs as Faster Blocks and Tokenized Stocks Spark Investor Interest