Lookonchain monitoring shows that the Meme coin WHY has set a new high on BNB Chain, with liquidity of $18 million and FDV of $129 million. A newly created wallet today withdrew 321 BNB from Binance and purchased 6.283 billion WHY at an average price of $0.0000002944 per coin.

According to official information from BNB Chain, it has completed its second Sunset fork. The second Sunset fork will migrate the BNB beacon chain staking function to the BNB smart chain, and all assets need to be migrated from the beacon chain to the BNB smart chain. BNB Chain reminds users:1. Staked BNB: If BNB is staked, it needs to be migrated. If it is not migrated before July 14th, the staking will be automatically cancelled and returned to the user's account within 2 weeks.2. BNB and other BEP2 assets: These assets also need to be migrated from the beacon chain to the BNB smart chain. If the assets are not migrated, they will not be transferable after August 15th. If the asset migration is not completed yet, it needs to be done before July 14th.

According to recent news that a US judge rejected the SEC's allegations against Binance BNB secondary sales and Simple Earn, John Reed Stark, former director of the SEC's Internet Enforcement Office, posted on X platform that the burden of proof always lies with the SEC to prove that a product is a security. He pointed out that the judge only required the SEC to prove that the people who bought Binance products were "investors" and that they bought Binance products because they hoped the price would rise, not "customers" who bought Binance products because the product provided some practicality (such as trading discounts). According to the judge, if digital asset securities are transformed into a practical tool in some way rather than an investment speculation tool, then it is "no longer a security". It is worth noting that the judge explicitly rejected the confusing finding in the Ripple ruling that there must be some contractual relationship between investors and issuers in the secondary market to trigger registration requirements, which is a conclusion that has never been adopted or even cited in any form by other courts in other regions. Considering Binance's main business line, it is not believed that this decision will benefit Binance, have a positive impact on the digital asset industry, or benefit digital asset investors.

BNB Chain has updated its DappBay high-risk DApp Red Alarm project list, with recently added projects including LasMeta Lottery, Kontos Protocol, and InvisibleEggs.

The market shows that BNB has broken through $680 and is now reporting at $680.1, with a daily decline of 1.82%. The market is volatile, so please be prepared for risk control.

World of Dypians (WOD), an MMORPG on Epic Games, has been chosen to participate in BNB Chain's Airdrop Alliance Program chapter 2. The program aims to link notable projects with the BNB Chain community and offers rewards for eligible users across four campaigns in May and June. WOD will provide 100,000 WOD Tokens for Level 1 and another 100,000 WOD Tokens for Level 2 of the Airdrop Alliance Program. The four campaigns include unique tasks for users to win WOD tokens and premium subscriptions worth up to $100 each.

BNB Chain announced the launch of the second season of the airdrop alliance program. The partners of this alliance program include StakeStone, World of Dypians, Cards Ahoy, 4Everland, Ridom, Carv and EnginesofFury, providing airdrop rewards for active users in the BNB Chain ecosystem.

Messari has released the Q1 2024 status report for BNB Chain, with the following highlights:-BNB Smart Chain has seen growth in some key areas in Q1, including an 89% increase in market cap, a 70% increase in USD-based revenue, a 26% increase in daily active addresses, a 67% increase in DeFi TVL, and a 193% increase in daily DEX trading volume.-Stablecoins and DEXs were the main drivers of Q1 trading. USDT (with a daily average of 619,300 trades) and PancakeSwap (with a daily average of 345,200 trades) accounted for 74% of all trades in Q1.-DEX trading volume on BNB Smart Chain reached a quarterly high since Q4 2022, with a daily average trading volume of $1.1 billion.-The 7th season of the MVB Accelerator Program will launch in March, with 13 projects selected covering multiple areas such as DeFi, AI, and social media.-BNB Chain is making progress on its technology roadmap. In the next quarter, BNB Beacon Chain will cease operations and staking and governance mechanisms will be transferred to BNB Smart Chain.

1. Ordinals’ cumulative fee income exceeds 6,700 BTC, an increase of approximately $80 million in the past three days

It was announced that the burn rune launch platform on BNB Chain and the meme coin SAC had received investment from Silicon Valley Ltd. It is reported that SAC will reward liquidity providers with FLOKI tokens, and SAC tokens will be generated through fair engraving.