Argentina’s proposed online gambling bill would restrict banks, payment firms and crypto providers from serving unauthorized betting platforms.

Explorer timestamps and Sui’s status page suggested the outage primarily affected validator settlement activity.

VanEck launched VBNB as the first U.S. spot ETF offering direct exposure to BNB. A bearish breakdown below the two-month-long channel pattern signals a significant downside risk for the coin price. The Binance coin price could face dynamic resistance from the 20-day and 50-day exponential moving averages amid the current market correction. VanEck has launched a new exchange-traded fund (ETP), known as VBNB, which is the first U.S.-based instrument to directly replicate the price of BNB, the primary token associated with the BNB Chain network. VanEck Expands Crypto ETF Lineup With VBNB Launch According to a recent press release , VanEck’s VBNB launch provides the first U.S. spot exposure to BNB through a regulated ETF structure. This fund holds actual BNB reserves in secure cold storage managed by an approved custodian, allowing investors to gain exposure without owning the asset directly. BNB is one of the top cryptocurrencies in the world by market value and is in the top tier for daily activity on its blockchain. Until now, American investors lacked straightforward access to this type of direct tracking vehicle for the token. “BNB is one of the most actively used blockchains in the world, processing over 14 million transactions per day and supporting more than 2.5 million daily active users,” Patrick Bush, Senior Investment Analyst with VanEck. The BNB Chain is well-equipped for a wide range of stablecoin activities and has seen significant volumes of transactions, leading to regular demand for BNB to settle network charges. There is also a reduction mechanism built into the token that burns a certain portion of the supply periodically, intending to decrease the total supply towards the 100 million token limit over time. VBNB joins VanEck’s existing group of direct crypto tracking funds. This includes their Bitcoin-focused HODL product, which maintains reduced fees through a waiver running until mid-2026 or until it reaches $2.5 billion in holdings, after which the rate adjusts to 0.20 percent. Other funds from the firm include the DAPP fund, which is designed to track digital asset companies using an index strategy, and the NODE fund, which is actively managed to track companies involved in blockchain operations, digital services, and assets. “Until today, BNB stood out among major crypto assets as one of the few not yet available in a U.S. spot ETP,” said Kyle DaCruz, Director, Digital Assets Product with VanEck. “We’re thrilled to be changing that with the launch of VBNB, giving U.S. investors exchange-traded access to one of the most economically significant networks in digital assets.” The launch comes as demand for various cryptocurrency access points in traditional investment accounts increases. BNB’s outstanding position arises from its role in a high-activity network, but like all market-oriented tokens, the market conditions for BNB are subject to market volatility and U.S. regulatory factors. VBNB may draw significant institutional and retail capital, boosting demand as authorized participants buy BNB to back new shares. BNB Price Loses Key Support of Rising Channel Pattern For nearly two months, the Binance coin price witnessed a steady recovery trend, resonating within two parallel-walking trendlines of a rising channel pattern. The chart setup supported price amid the broader market uncertainty surrounding the geopolitical tension in the Middle East and macroeconomic jitters. However, with an intraday drop of 2.3%, the BNB price breached the channel’s support trendline at $647 to currently trade at $634. The move also pulled the asset price below the 20-and 50-day EMA slopes, reinforcing the bearish sentiment in the market. If the daily candle closes below the $645 level, the sellers could further tighten their grip over this asset and drive a prolonged correction to $611, followed by $570. BNB/USDT -1d chart On the other hand, if Binance BNB -3.45% coin fails to offer a suitable follow-up to this breakdown, the coin price could rebound and enter the previous range of the channel pattern. This fake breakdown scenario could punish the hasty short-sellers in the market thoroughly and force liquidate their position.

Given the price structure and momentum, a Bitcoin bounce toward $75k was possible, followed by further losses.