🎰 Binance is developing a new blockchain featuring 200-millisecond block times and pre-confirmation of transactions in approximately 20 milliseconds
The network will operate alongside the BNB Smart Chain (BSC) without a separate token; BNB will continue to be used for transaction fees and staking. A public testnet is expected by the end of 2026, with a full-scale launch slated for early 2027.
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Trader Kimchi posted a graphic on X featuring a QR code for a new meme coin, which was then reposted by a co-founder of the platform; the market capitalization of KIMCHI subsequently surged to nearly $15 million, but both posts were soon deleted—causing the token to crash by 98%
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🏦 HSBC has begun a phased rollout of RedCoin, which is pegged 1:1 to the Hong Kong dollar
The 3.3 million users of the PayMe app will be the first to receive the token.
As of today, there is HK$80.6 million (approximately $10 million) worth of RedCoin in circulation, while HSBC holds HK$81.6 million in reserves—all in the form of cash.
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Ethereum developers have postponed the activation of the "Glamsterdam" upgrade on the Hoodi testnet, which had been scheduled for October 26. No new date has been announced.
The reason for the delay is EIP-8037: auditors from ChainSecurity discovered that a new gas calculation mechanism could cause some applications to handle errors incorrectly.
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