BNB Climbs as Faster Blocks and Tokenized Stocks Spark Investor Interest
Late last month, BNB Chain launched its so-called Maxwell hard fork, slicing block times from roughly 1.5 seconds to 0.75 seconds. That means transactions clear twice as fast, a move that could help the chain handle surges in activity.
BNB Chain, which has around $6 billion in total value locked according to DeFiLlama data, is positioning itself as a faster alternative for decentralized apps handling high throughput.
Earlier, Kraken and Backed Finance announced they are bringing their tokenized equities to the BNB Chain, allowing users to trade stocks like that of Apple or Tesla around the clock.
The products, structured as BEP-20 tokens, will be available outside the United States in 185 markets.
The CoinDesk 20 index has witnessed a 2.7% increase in the past 24 hours, as the cryptocurrency market appears to have weathered the impact of the recently announced tariffs by U.S. President Donald Trump, which are scheduled to take effect on August 1.
Despite the bullish backdrop, BNB hit resistance near $664.20 during early trading today, according to CoinDesk Research's technical analysis model.
While some traders eye potential signs of accumulation, meaning larger investors could be quietly building positions, a late-session pullback to around $661.75 hints some traders may be locking in profits.
BNB's next test will be whether it can push beyond the $665-$667 zone. That could determine if recent technical gains translate into sustained momentum, or if sellers step in again to keep prices in check.
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US workers say Trump's immigration crackdown is causing labor shortages: ‘A strain on everybody'
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Such moves have piled pressure on industries across the US economy – including the food, hospitality, construction, transportation and care sectors – which rely on large numbers of migrants to do essential work. At a GE Appliances plant in Louisville, Kentucky, more than 125 workers were abruptly forced out of their jobs in the spring due to programs cancelled as part of Trump's immigration crackdown, according to an employee. GE Appliances makes home appliances including refrigerators, microwaves and dishwashers. 'In three different buildings, on a couple of different shifts, stewards reported that they lost production so they weren't able to make all the products they were supposed to make,' said Jess Reese, a replacement operator at the plant and organizer for IUE-CWA Local 83761. 'It was hard to cover certain job tasks on the assembly line, and so that created chaos, and it was just hard to get things done.' Reese expressed concern about the threat of more workers being forced out. Trump's efforts to revoke protected status could impact an additional 200 union members next February, she said. 'Hundreds of workers kind of disappearing at the drop of a hat is no joke, as we've seen with the last wave of mass terminations.' A spokesperson for GE Appliances said: 'We added additional staffing where needed and continue to follow the law.' At a Kraft-Heinz plant in Holland, Michigan, meanwhile, workers are said to have been mandated to work overtime. The firm is one of the largest food and beverage companies in the world, behind brands including Philadelphia cream cheese and Jell-O deserts. 'We had people there for 20 years, and all of a sudden they get notification their immigration authorization is revoked,' Tomas Torres, a maintenance mechanic of 13 years, and president of RWDSU Local 705. 'And they can't be there anymore, and that just puts a strain on everybody,. 'The lack of people on the lines. There are employees running two machines; it should be one person per machine. Manager and supervisors are all stressed out, and cancelling vacations for people because they don't have enough to run the machines.' Related: Undocumented builders face unchecked exploitation amid Trump raids: 'It's more work, less pay' Torres has been working 12- to 14-hour days, he said: part of a first shift, all of a second shift, and part of a third shift. 'I'm tired. And you catch people falling asleep on the line, and it's a big safety issue,' he added. 'All of this that has happened has affected everybody at the plant. It's crazy, because I hear people complain every single day.' Kraft Heinz refuted the plant is experiencing labor shortages due to immigration policy changes, but did not say how many workers were lost at the plant due to the changes. 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The American Enterprise Institute, a conservative thinktank, meanwhile found that Trump's immigration policies would likely lead to a negative net migration into the US for the first time in decades and result in a decrease in US gross domestic product of between 0.3% and 0.4%, or $70.5bn to $94bn in economic output, annually. *** 'One day they are there,' said Maria Jose Padmore, a human services assistant for Fairfax County in Virginia. 'And the next day, I'm looking for my coworker, and he's gone because their Temporary Protected Status expired. 'Forget about the fact that I now have to share my coworkers' job. Let's think about my coworkers' family: how are they going to put food on their table?' Padmore was speaking at a panel on how Trump's immigration polices are affecting workers, organized by the AFL-CIO in Washington DC this month. 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'There is no shortage of American minds and hands to grow our labor force, and President Trump's agenda to create jobs for American workers represents this Administration's commitment to capitalizing on that untapped potential while delivering on our mandate to enforce our immigration laws,' said Abigail Jackson, White House spokesperson. But its policies are already causing apprehension on the factory floor. 'This has a real impact on immigrant workers, obviously, but it also has a real impact on non immigrant workers,' Reese, at the GE Appliances plant in Louisville, said. 'It's really important that we stick together, because we all want the same things. 'We want safe workplaces. We want good wages. We all want to go home to our family in one piece. We want to live in a safe place. We want to be free. These are things we all share, and we're only going to get that stuff if we stick together.' Solve the daily Crossword
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‘Shooting ourselves in the foot': how Trump is fumbling geothermal energy
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The US is the world's second-largest greenhouse gas emitter after China, and although US emissions have trended downward for the past two decades, the country is still not on track to meet its climate targets. The rapid growth of AI datacentres is further threatening those targets by fueling rising energy demand; datacentres need to run 24/7, so they tend to rely on fossil fuels. We have the technology, we have the tools … and I think now what we really need to do is establish the confidence Jigar Shah, clean energy entrepreneur Geothermal can potentially solve that problem. It could create 80,000 megawatts of new power, according to a liftoff report published by the Department of Energy. 'To put that in perspective, that could meet 100% of all of the AI datacenter load growth for the next 10 years,' said Jigar Shah, a clean energy entrepreneur who served as the director of the loan programs office at the Department of Energy under Joe Biden. 'That's pretty impressive.' 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Similar loans previously boosted Tesla and utility-scale solar. However, the Trump administration has yet to close a low-interest loan for geothermal, Shah said. The gutting of energy department staff has lowered its capacity to support geothermal, several former energy department officials said. Thousands of scientists, analysts, engineers and procurement officers took deferred resignation offers or were fired. Politico reported that the administration was considering cutting loan programs office staff by half. The Department of Energy has lost 'absolutely indispensable' experts on geothermal and loans, Turk said. 'So I would worry about, have we lost some of that capacity to actually execute?' Trump's zeal for tariffs is adding to the industry's anxiety. Steel tariffs, now at 50%, are hurting companies that use steel in wells. Enhanced geothermal wells require installing miles of steel pipes. Behind the scenes, geothermal companies are 'freaking out' about the steel tariffs, Shah said. 'They don't want to say anything negative, lest the Eye of Sauron find them,' he added. The survival of the Inflation Reduction Act tax credits for geothermal provides some certainty. Geothermal can still access the full tax credit, as long as they begin construction by 2033, when the value of the credit will begin phasing down. But geothermal projects now face strict restrictions on the involvement of 'foreign entities of concern,' such as Chinese companies and individuals, known as FEOC requirements. Geothermal projects use rare earth elements in their drill bits, and China dominates the rare earth minerals market, said a former energy department official who requested anonymity. 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Yahoo
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National Science Foundation staff decry Trump's ‘politically motivated' cuts
Almost 150 workers from the National Science Foundation (NSF) have lambasted Donald Trump's cuts to the agency as 'politically motivated and legally questionable', joining colleagues at three other federal research agencies in warning that the administration is destroying innovation and sacrificing the US's position as a global scientific leader. The three-page dissent states the actions of the administration 'collectively amount to the systemic dismantling of a world-renowned scientific agency' and that they have been compelled to act because 'NSF employees are bound by their oath to uphold the Constitution.' The document condemns the decision as 'illegally' withholding $2.2bn of the $9bn budget appropriated by Congress for 2025 and the 'unlawful termination and threatened mass reductions' in the workforce, which has already seen more than 10% of the agency's staff dismissed. They also point to the termination of more than 1,600 active NSF grants 'using undisclosed criteria devised by the Department of Government Efficiency (Doge)' – the quasi-government agency set up by Trump's billionaire donor Elon Musk. Earlier this month, the Guardian reported on the unprecedented political interference being wielded by Doge which, together with the chaotic cuts, has already undermined the gold standard review process used by the NSF to support cutting-edge science, and was jeopardizing the future of US industries and economic growth. 'A covert and ideologically driven secondary review process by unqualified political appointees is now interfering with the scientific merit-based review system,' the letter states. The best public interest journalism relies on first-hand accounts from people in the know. If you have something to share on this subject you can contact us confidentially using the following methods. Secure Messaging in the Guardian app The Guardian app has a tool to send tips about stories. Messages are end to end encrypted and concealed within the routine activity that every Guardian mobile app performs. This prevents an observer from knowing that you are communicating with us at all, let alone what is being said. If you don't already have the Guardian app, download it (iOS/Android) and go to the menu. Select 'Secure Messaging'. SecureDrop, instant messengers, email, telephone and post See our guide at for alternative methods and the pros and cons of each. The NSF was created 75 years ago and until Trump took office for his second term had enjoyed bipartisan support. It is the only federal agency that funds fundamental research across all fields of science and engineering, and which over the years has contributed to major breakthroughs in organ transplants, gene technology, AI, smartphones, extreme weather warning systems, American sign language, cybersecurity and even the language app Duolingo. Trump's budget proposal calls for a 56% cut to the NSF budget for 2026, which if enacted 'would undermine US leadership in science, eliminate funding for over 250,000 researchers and students, and break bipartisan commitments made under the CHIPS and Science Act', the letter states. The NSF statement follows similar unprecedented dissent by hundreds of scientists and other staff at the National Institutes of Health (NIH), the Environmental Protection Agency (EPA), and most recently the Voyager Declaration from almost 300 current and former Nasa scientists including four astronauts. All have warned about the devastating impact of the administration's arbitrary and chaotic cuts to staff and research funds on the lives of Americans – now and in the future – in order to pay for tax cuts for the wealthy including Trump's billionaire donors. The NSF dissent is addressed to California member of Congress Zoe Lofgren, the top Democrat on the House science committee, who has repeatedly condemned Trump's assault on science. Only one employee, Jesus Soriano, president of the local chapter of the American Federation of Government Employees which represents two thirds of the NSF's unionized bargaining unit, included his name; 148 of the 149 signatories are anonymous due to fear of reprisals. The fear is well founded given that around 140 named signatories of the EPA 'declaration of dissent' were put on administrative leave, and Lee Zeldin, the climate change denier and EPA secretary, warned that there was a 'zero-tolerance policy for career bureaucrats unlawfully undermining, sabotaging, and undercutting' the current administration. It ends with a stark warning: 'NSF employees are committed to serving the American people through research, education, and innovation. But they cannot do so under fear, censorship, and institutional sabotage. Without immediate oversight and corrective action from Congress, one of our nation's greatest engines for scientific and technological advancement faces irreversible long-term damage. Put simply, America will forfeit its scientific leadership position to China and other rival nations.'
