BNB

Grayscale and VanEck filed amendments to their spot BNB ETF registration statements with the SEC on Friday, a step analysts view as evidence the agency is actively reviewing the proposals. Bloomberg ETF analyst James Seyffart said the updated filings suggest the SEC is providing feedback on disclosures and product mechanics. Both applications describe spot BNB funds that would launch without staking and list Coinbase as custodian.

BNB traded around $650 after slipping 1.25% over the past 24 hours, while volume fell 51.9% to nearly $772 million. The daily chart shows repeated rejection near $680, with $648 flagged as immediate support and a daily close below it potentially setting up an 11.5% drop toward $578. Derivatives positioning leaned bearish with a 0.8407 Long/Short Ratio, even as exchange data showed over $14 million in net outflows over the past 48 hours.

On May 16, Grayscale filed a second amended S-1 for its proposed spot BNB ETF, while Vaneck updated a competing application the same day. Bloomberg ETF analyst James Seyffart said the Grayscale amendment suggests the SEC is actively reviewing and providing feedback to issuers. The filings outline products that exclude staking and use Coinbase as custodian, with Nasdaq also needing an approved 19b-4 before trading can begin.

VanEck and Grayscale filed updated SEC amendments on Friday for their proposed U.S. spot BNB ETFs, with VanEck submitting Amendment No. 5 and Grayscale filing Amendment No. 2. The filings keep staking out of the initial launch while retaining conditional language, and both products are proposed to list on Nasdaq under tickers VBNB and GBNB. Separately, Canary Capital amended its staked TRX ETF S-1 on Friday and added service-provider details, while leaving the exchange, ticker, and management fee undisclosed.

BNB is trading near $655 with a market cap of $88.39 billion and a 0.9% rise over the past seven days. As of May 16, 2026, weekly charts show consolidation after a mid-May push toward $690, while Grayscale and VanEck have continued updating spot BNB ETF filings. The report also cites quarterly burns topping 1.5 million BNB in the latest cycle as part of the on-chain backdrop.

VanEck and Grayscale have updated their S-1 registration filings for a proposed U.S. spot BNB ETF, a move that Bloomberg ETF analyst James Seyffart said points to active SEC engagement. After the updates, some large holders reportedly rotated out of $50M in Ethereum into BNB, while BNB traded at $660 at press time.

THORChain confirmed a $10 million exploit and introduced a self-custodial recovery portal that lets impacted users revoke malicious token approvals and file refund claims backed by an equally sized refund pool. The portal says the incident was detected at 02:14 UTC on May 11 and ultimately involved 36.75 BTC (about $3 million) plus roughly $7 million in tokens across BNB Chain, Ethereum and Base, affecting 12,847 wallets. Users have 21 days to submit claims, with the window closing on June 4.

Garrett Jin, described as a former Ethereum whale, has moved out of ETH and accumulated more than 71,000 BNB valued at nearly $50 million. Analysts tracking the BNB/ETH pair note it is up about 3.10% so far in Q2, while liquidity data show stablecoin supply on BSC rising from $9B to over $16B. The setup has fueled debate over whether the flow is short-term rotation or positioning for continued relative momentum in BNB versus ETH.

THORChain (RUNE) was exploited on May 15, with losses exceeding $10 million across Bitcoin, Ethereum, BNB Smart Chain, and Base. More than 36.75 BTC (over $3 million) and $3.54 million in ETH were reported lost, while the attacker reportedly consolidated assets by swapping tokens into ETH and sending them to one wallet. After the incident, the protocol paused trading via an emergency halt, and RUNE fell over 15%, with market cap dropping by more than $27 million to around $182 million.

BNB Chain is reporting sharp growth in real-world asset (RWA) participation in 2026, with holders up 567.4% YTD and the holder base reaching 59,888. The network's stablecoin supply also climbed to around $16.12 billion, up 73% from roughly $9 billion a year earlier. BNB traded near $682.84 at press time, up 1.62%, while momentum indicators suggested buying pressure had risen toward overbought levels.