BNB

Heading into 2026, BNB has held firm through a weak Q4 2025, rising 27% year over year and trading about 30% above its Q3 open. After crossing $120 billion in market value, BNB overtook XRP to become the third-largest crypto asset. The XRP/BNB ratio dropped roughly 8.5% in the past month, while BSC’s TVL fell 9% versus XRP’s 30% decline.

On Dec. 13, Binance founder Changpeng Zhao said in an X post that BNB Chain is seeing about 2.4 million daily users. Community commentators highlighted the network's efficiency and cited BscScan data showing cumulative addresses have climbed since 2020 and are nearing 700 million by December 2025. Commentators also noted high transaction throughput, low fees, and fast execution across DeFi and NFT activity.

On December 12, 2025, the front-end of the ZEROBASE zero-knowledge proving network was hijacked, leading to more than 270 users losing over $240,000 in USDT via a phishing smart contract on BNB Chain. One victim alone lost 123,597 USDT, while security teams later identified the malicious contract, blocked related domains and blacklisted approvals to limit further damage.

Pakistan signed an MoU with Binance to explore tokenizing up to $2 billion in sovereign bonds, treasury bills and commodity reserves. The plan aims to improve liquidity and market access, while final approval remains pending, the finance ministry said. Separately, Pakistan’s regulator granted initial clearance for Binance and HTX to register locally and begin applying for full exchange licenses.

Binance, the largest global crypto exchange, has expanded support for USD1, the stablecoin associated with World Liberty Financial and Donald Trump's crypto projects, by adding spot pairs such as ETH/USD1, SOL/USD1 and BNB/USD1. The platform will also shift all collateral backing its Binance-Peg BUSD into USD1 at a 1:1 rate within one week, while enabling zero-fee swaps between USD1 and other major stablecoins. Market participants saw a short-term boost in BNB and related tokens after the announcement, as liquidity and trading routes tied to USD1 increased.

On December 12, 2025, BNB traded near $878.3 and stayed below $890, with 24h volatility at 0.8% and market cap at $120.98 B. BNB Chain reported an 8,384 TPS record, while Zerobase warned of a phishing contract and HashDit flagged a frontend compromise, weighing on sentiment. Intraday movement was a modest 0.12% and 24h volume reached $1.30 B.

Binance said on Thursday it added fee-free USD1 pairs with Ether, Solana and BNB, further integrating the Trump family–linked stablecoin. The exchange will convert remaining BUSD collateral to USD1 at a one-to-one rate within a week, while USD1’s market value stands at $2.7 billion and is issued on Ethereum and BNB Chain.

On December 10, 2025, Binance co-CEO Yi He said she would personally compensate users who lost funds buying the Mubarakah memecoin promoted via her compromised WeChat account. The profile was hijacked on December 9, 2025, and on-chain data later indicated the attackers made roughly $55,000 in profit, according to Lookonchain. The BNB airdrop will target users who traded Mubarakah through Binance Web3 Wallet and Alpha.

On 9 December, a dormant WeChat account linked to Binance co-CEO Yi He was taken over and used to promote the little-known MUBARA token on BNB Chain. The token’s price jumped from about $0.001 to $0.008, briefly valuing the project near $8 million before plunging more than 60% as two attacker wallets sold into the rally, securing an estimated $55,000 profit, according to on-chain data. The episode shows how abandoned web2 accounts can still trigger sharp moves in thinly traded micro-cap crypto markets when they are associated with high-profile industry figures.

STABLE plunged after Stable’s mainnet launch on December 8, hitting an all‑time low near $0.015. The token dropped more than 70% versus its IDO sale price. It opened with 18B circulating out of 100B total supply, with 50% allocated to the team and early backers. PancakeSwap liquidity was about $720K.