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Today’s Cryptocurrency Headline

BNB Chain will launch sidechains to expand its network scalability. The sidechain will host decentralized applications compatible with the BNB chain. The BNB Chain Application Sidechain (BAS) will allow developers to port data and assets from the BNB Chain, reducing the pressure on the network’s limited transaction resources. BNB Chain did not specify when the sidechain would be launched. These sidechains will also be application-specific, meaning that individual sidechains will focus on specific use cases. Similar to Ronin, a sidechain on Ethereum dedicated to Axie Infinity’s games.

BingX’s Bitcoin Chart

Source: TradingView& BingX

The OKLink blockchain browser shows that the address marked as the Luna Foundation Guard recently accumulated 2,830 BTC. The current BTC balance of this address is 27,784.969. BTC is up about 1.1% over the last 24 hours and has risen to an intraday high of $48,220. For the first time since October 2021, the relative strength index (RSI) has shifted into the overbought range following the sharp rally of recent days. This suggests buyers are in control of the market. 

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