BNB price traded near $704 on Aug. 24 after gaining almost 16% in seven days, as momentum from the broader crypto rally and the upcoming Pasteur hard fork kept buyers in control.

BNB price action today

According to data from crypto.news, BNB (BNB) price was trading near $704 at the time of writing, up about 1% over the previous 24 hours. The token had gained almost 16% over seven days, lifting its market capitalization to approximately $93 billion.

The rally accelerated after BNB broke out of the $600–$620 range that had restricted price action during the first half of August. Buyers pushed the token through $650 on Aug. 20 before it briefly climbed above $720 over the weekend.

BNB reached a weekly high near $725 before profit-taking pulled the price back below $690. Buyers absorbed the decline, however, and the token returned above the psychological $700 mark on Aug. 24.

The 4-hour chart showed BNB forming higher lows following the pullback. Its latest candle traded between $692.94 and $705, indicating that buyers were defending dips below $700.

Chaikin Money Flow stood at 0.07 on the 4-hour chart. A positive reading means more capital is entering the asset than leaving it, although the indicator has eased from the elevated levels recorded during the initial breakout.

Pasteur hard fork supports BNB Chain activity

BNB’s advance comes one day before the Pasteur hard fork is scheduled to activate on BNB Smart Chain.

According to BNB Chain’s upgrade schedule reported by crypto.news, Pasteur will go live at 2:30 a.m. UTC on Aug. 25. Node operators must install client version v1.7.7 before the activation.

The upgrade combines three proposals intended to improve cross-chain transfer security, restrict permissions linked to replaced validator keys, and increase block capacity. Internal testing raised transaction throughput from 1,237 to 2,324 transactions per second.

Pasteur does not directly change BNB’s supply, making it difficult to separate the upgrade’s effect from the broader market rally. Still, the approaching activation has given traders a network-specific event to watch while demand for major crypto assets remains strong.

BNB Chain has also recorded a sharp expansion in tokenized real-world assets. RWA.xyz data showed more than 1.15 million RWA holders on the network, up nearly 580% over 30 days at the latest reading.

The network held about $5.8 billion in distributed asset value, while 30-day RWA transfer volume reached $28.17 billion. Those figures measure activity involving tokenized assets and do not represent capital flowing directly into BNB.

US policy shift strengthens the broader market backdrop

BNB’s rally followed a market-wide rise that lifted Bitcoin above $77,000 and pushed several large-cap altcoins through long-standing resistance levels.

Improving US regulatory expectations formed part of that move. On Aug. 18, the Securities and Exchange Commission proposed Regulation Crypto Assets, a tailored securities offering framework for certain investment contracts involving crypto assets.

The proposal does not classify BNB or grant the token regulatory approval. However, it signals that the SEC is considering defined fundraising and disclosure pathways instead of applying the existing securities registration system without crypto-specific exemptions.

US macro conditions also supported risk assets after the Treasury Department doubled the planned size of long-term bond buybacks from a maximum of $2 billion to at least $4 billion per operation.

The program is intended to improve liquidity in older long-dated Treasury securities rather than inject funds directly into cryptocurrencies. Falling yields and a weaker dollar initially accompanied the announcement, creating a more favorable backdrop for Bitcoin and other risk-sensitive assets.

BNB faces resistance at $719 and $734

BNB’s daily chart shows that the rally has moved into an extended technical zone.

The token crossed the Murray Math resistance level at $687.50 and was trading above the $703.13 overshoot level. The next targets shown on the chart are $718.75 and $734.38.

The $719 area is the first major test because it sits near the recent local high and an elevated band of short-liquidation exposure. A daily close above that level could open a retest of $725, followed by the $734–$745 region.

However, the daily Relative Strength Index stood at 85.25, well above the conventional overbought threshold of 70. Its moving average was lower at 69.85, showing how quickly momentum increased during the breakout.

An overbought RSI does not guarantee a reversal, but it raises the risk of consolidation or a sharper pullback if buying slows. The first support sits at $703, followed by the former resistance level at $687.50.

Below that, the 4-hour Supertrend remained bullish at $663.13. A close beneath the indicator would weaken the short-term trend and place the $656–$640 region back in focus.

Liquidation heatmap points to $710 as the next magnet

The 24-hour CoinGlass liquidation heatmap showed the closest large concentration of leveraged positions around $709–$711. BNB was approaching that zone from below at the end of the chart.

Further liquidation bands appeared between $714 and $720, suggesting that a break above $710 could trigger additional buying as short positions are forced to close. Higher clusters were visible near $724, $730, and $734.

On the downside, notable liquidity rested around $691, $687, and $682. A rejection from $710 could therefore pull the price toward those lower clusters, particularly if highly leveraged traders begin closing long positions.

Crypto analyst EinsteinBTC1 identified $745 as the larger breakout level on BNB’s weekly chart. The analyst said a weekly close above that resistance would confirm a move toward $960, with the former all-time-high region near $1,376 presented as a longer-term target.

The forecast remains conditional. BNB must first overcome the $719–$734 resistance band while managing an overbought daily RSI. Holding above $687.50 would preserve the immediate bullish setup, whereas a loss of $663 would indicate that the current rally is losing strength.

XRP jumps 45% in a week as Bitcoin’s short squeeze fuels gains, while UE Crypto offers diversified digital asset income.

Last week, Bitcoin broke above $72,000 and reached $79,000 last Friday, mainly driven by the U.S. Treasury’s plan to nearly double the scale of its long-term bond buybacks starting September 9. Traders who had been shorting cryptocurrencies for several weeks were forced to close their positions in response to tightening supply conditions. Within seven days, short positions across all assets totaling more than $3 billion were liquidated.

XRP did participate in this rally, but the move was not unique to XRP. This means that XRP’s rise was largely an amplified effect of Bitcoin’s rally rather than an independent repricing based on XRP’s fundamentals.

This distinction is crucial because whether the XRP breakout can continue depends on whether buying pressure remains after the short squeeze ends. A short squeeze is essentially temporary. Once short positions are liquidated, forced buying stops. What follows is either genuine demand supporting the new price level or a pullback as artificial buying pressure disappears.

As the regulatory environment gradually becomes clearer and financing conditions continue to improve, more investors are beginning to reconsider a key question: beyond relying on price appreciation for returns, are there more diversified, efficient, and sustainable ways to participate in the long-term value growth of XRP and the broader digital asset ecosystem?

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The European Central Bank is pushing back against privacy criticisms surrounding its planned digital euro, arguing that the system’s technical design would restrict what the Eurosystem can see about individual payments. In an interview published on Monday, ECB Executive Board member Piero Cipollone said the central bank would not be able to identify people making or receiving digital euro transactions.

Cipollone’s remarks come as lawmakers, privacy advocates and crypto community figures continue to warn that government-issued digital currencies could enable expanded financial surveillance—even if particular design choices are intended to limit visibility. The debate has also intensified in the United States, where policymakers have moved to block federal CBDC development.

Key takeaways

• ECB Executive Board member Piero Cipollone says the Eurosystem would not be able to identify users making or receiving digital euro payments.
• Cipollone argues that transaction identifiers would be designed so that only banks involved in transfers can identify users, including for anti-money laundering checks.
• Offline digital euro payments are described as limiting available payment details to the payer and payee.
• While privacy safeguards are a focal point, the ECB also frames the digital euro as a way to reduce Europe’s reliance on non-European payment infrastructure.

ECB privacy design: limited visibility by the central bank

In an Aug. 10 interview published by the ECB, Cipollone outlined how the digital euro could be structured to reduce direct surveillance by the central bank. He said the “Eurosystem would not be able to identify the users making or receiving payments.”

Instead, Cipollone’s position is that identity resolution would sit with the financial intermediaries that carry out the transactions. According to his description, only the banks involved in payment flows would be able to identify users, including for anti-money laundering purposes, while the Eurosystem itself would not be able to directly link specific individuals to digital euro payments.

The ECB official also pointed to offline capabilities as another privacy boundary. He said offline digital euro transactions would make payment details available only to the payer and payee—an approach intended to limit third-party access in scenarios where payments do not rely on continuous connectivity.

Why privacy concerns remain central

Despite the ECB’s attempt to address privacy fears at the design level, the project still faces scrutiny from multiple quarters. The underlying concern is that central bank-issued digital money, even with constraints, could change the nature and scale of visibility into financial activity compared with cash.

The ECB’s assurances are likely to be tested against the real-world implementation choices that follow design specifications. Critics have argued that institutional oversight—whether through intermediaries, reconciliation processes, or compliance workflows—could still produce surveillance outcomes that users may find difficult to fully anticipate from technical descriptions alone.

Digital euro as payment sovereignty project

Privacy is not the only pillar of the ECB’s digital euro messaging. The institution has also pitched the initiative as a response to strategic vulnerabilities in Europe’s payments stack.

Earlier in the year, Cipollone argued in a public lecture in Latvia that Europe’s reliance on non-European payment providers creates “strategic vulnerability.” According to his remarks, two-thirds of euro-area card transactions are governed by non-European companies. The digital euro, he suggested, could reduce this dependence by supporting European-controlled payment infrastructure.

This broader framing matters because it places the digital euro at the intersection of consumer protection debates and industrial policy. Even if privacy safeguards are strong on paper, the political and operational rationale for the program could shape the compromises lawmakers accept as negotiations continue.

Legislative progress and the timeline being discussed

Regulatory momentum in Europe has continued alongside the privacy debate. The European Parliament’s Economic and Monetary Affairs Committee backed its position on digital euro legislation in June. Later, in July, lawmakers cleared the proposal for negotiations with the Council.

The ECB has also indicated that a digital euro could be issued as early as 2029, assuming the necessary legislation is adopted and the project completes remaining technical and operational steps.

U.S. policy contrasts: restrictions on CBDC development

The privacy dispute around the digital euro echoes a parallel debate in the United States, where lawmakers have moved to limit CBDC efforts. Earlier coverage has noted that President Donald Trump issued an executive order in January 2025 prohibiting federal agencies from developing or promoting a CBDC, citing concerns including financial stability, individual privacy and US sovereignty.

On the legislative side, House lawmakers have also advanced proposals aimed at constraining a potential US CBDC. One such initiative, the Anti-CBDC Surveillance State Act, seeks to prohibit the Federal Reserve from issuing a CBDC.

While the European and US approaches differ in institutions and legal frameworks, the policy contrast underscores a shared theme: whether digital versions of money should be treated primarily as an infrastructure upgrade—or as a systemic governance risk that could increase surveillance and compliance reach.

As the ECB moves closer to implementation, the key question for users and investors will be how the promised privacy boundaries translate into concrete technical specifications and compliance workflows, especially for online and offline transaction modes. The next milestones to watch are the outcomes of Europe’s ongoing legislative negotiations and the operational details that will determine how much control the Eurosystem, banks, and other parties actually have over transaction information.

Flowra has launched its Open Orderflow Auction for Solana, introducing an open block-building system that allows registered searchers to compete for transaction inclusion while giving validators greater control over blockspace and MEV revenue.

Flowra has launched its Open Orderflow Auction for the Solana ecosystem, introducing a competitive block-building framework aimed at opening the network’s MEV market to broader participation.

The framework is designed to open block building to competitive bidding, improve price discovery in Solana’s MEV market, and help validators capture more revenue. Registered searchers can compete for transaction inclusion through a transparent auction instead of relying on closed orderflow channels. Flowra said the Open Orderflow Auction is now available to validators and searchers, while it continues onboarding institutional-grade validators ahead of a broader rollout.

Open Orderflow Auction targets Solana MEV competition

Flowra said the auction changes how transaction inclusion can be offered to searchers. Rather than routing orderflow through closed channels, registered participants can bid openly for access to blockspace. The company expects that model to create clearer competition around transaction inclusion and allow validators to receive more of the value generated by MEV.

Solana validators process transactions and participate in network consensus. Flowra’s framework focuses on that validator layer by introducing a new method for constructing blocks and allocating blockspace. The company says its aim is to improve transaction transparency, value distribution, and incentive alignment among validators, users, and builders.

Early validator testing shows higher block activity

Flowra reported early results from testing its setup on a single validator. According to the company, the Flowra-enabled validator increased compute units per block by 20.6%. The validator moved from 84% to 101% of the network average during the test. Flowra also reported higher block fees than comparable validator software.

The company said the same setup achieved 100% block production and 99.999% block engine uptime. Those figures come from Flowra’s early testing and relate to one validator. The company is using the results as it expands onboarding for its Open Orderflow Auction across institutional-grade validators in the Solana ecosystem.

Programmable block policy adds validator controls

Alongside the auction, Flowra introduced Programmable Block Policy. The feature allows validators to define transaction inclusion policies at the block-building layer. Flowra said this can give validators more operational flexibility, including the ability to address regulatory or institutional compliance requirements without changing the underlying Solana protocol.

Flowra recently announced a collaboration with compliance infrastructure provider Honeypot. The companies plan to bring sanctions and risk screening to the block-building layer. Flowra presented the policy system as a way for validators to control how blocks are constructed while retaining verifiability and auditability.

Flowra draws from Ethereum block-building model

Flowra said its architecture takes inspiration from the competitive block-building model that emerged on Ethereum. Ethereum.org describes proposer-builder separation as a structure in which block builders submit bids and validators can select the most profitable offer. Flowra believes Solana’s high-throughput, low-latency design can support a similar market-based approach.

“Solana’s performance has made it one of the industry’s leading blockchain networks, but its MEV market remains largely concentrated,” Flowra CEO Harry Hwang said. “By opening block building to transparent competition, we’re creating a more efficient market for blockspace while giving validators greater control over how their blocks are constructed with full verifiability and auditability.”

Flowra develops validator and order flow infrastructure for Solana. Its products include validator infrastructure, delegation programs, and MEV-related technologies. The company’s broader goal is to support a more open, efficient, and scalable foundation for blockchain networks while improving how value is distributed among network participants. The auction is available to validators and searchers participating across the Solana ecosystem as the network expands further.