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Technology8h ago

BNB Torches $1.28 Billion in Tokens, While Brevis Schools Privacy on New Tricks

$BNB

BNB Chain has officially completed its 34th quarterly token burn, permanently removing 1,371,803.77 BNB from circulation. This move, executed via the chain’s auto-burn mechanism, is valued at approximately $1.277 billion. The burn even included a small safety net of 100.1 BNB recovered from the 'Pioneer Burn.'

This latest incineration brings the circulating supply down to roughly 136 million, edging the ecosystem closer to its ultimate deflationary goal of 100 million tokens. By systematically reducing supply, BNB aims to create a more sustainable economic model that keeps the token’s value from pulling a Houdini.

Meanwhile, over in the privacy sector, Brevis and BNB Chain are teaming up to upgrade the network's privacy infrastructure. They are moving beyond first-gen transaction hiders to build a configurable, intelligent privacy framework powered by zero-knowledge (ZK) technology.

The duo argues that early privacy tools were too rigid, hiding transaction details but lacking flexibility for access control or compliance. Their new vision treats privacy as a three-dimensional beast: protecting more than just payments, allowing selective disclosure, and managing exactly who can access what.

To prove it, they are launching the 'Intelligent Privacy Pool' in collaboration with 0xbow. This tool will let users deposit and withdraw assets on BNB Chain without linking the transactions on-chain. It uses cryptographic proofs to verify eligibility without doxxing the user, but it also includes a kill switch: if funds are proven to be naughty, they can be blocked from withdrawal. It’s a system designed to offer privacy to the innocent while keeping the door open for enforcement against bad actors.