Following a recent security incident, BounceBit has decided to permanently shut down the BounceBit Chain.
As a result, Binance is ending support for $BB deposits and withdrawals through the BounceBit mainnet.
Key dates: 🔴 BounceBit mainnet deposits & withdrawals were suspended on Aug 20 at 02:00 UTC. 🟢 $BB deposits & withdrawals via BNB Smart Chain (BEP20) will open on Sept 1 at 07:00 UTC.
If you hold $BB , make sure you use the correct network when depositing or withdrawing. Using an unsupported network could result in permanent loss of funds. ⚠️
Uniswap has burned more than $300,000 worth of $UNI tokens over the past 10 days.
At the current pace, Uniswap’s annualized burn rate is estimated at around $160 million.
Regular token burns reduce the circulating supply of $UNI If demand and network activity continue to grow, a declining supply could become a positive factor for the token’s long-term value. 🔥