Binance introduces beta version of web wallet for Binance Smart Chain and Solana networks
In a significant move, Binance, the leading cryptocurrency exchange, has launched the web version Beta of its wallet on July 25, 2025. This new development allows users to trade Binance Smart Chain (BSC) and Solana directly from Binance's homepage, marking a shift that eases access to Decentralised Finance (DeFi) trades without leaving the Binance interface.
The introduction of the web wallet beta is aimed at increasing user engagement in DeFi tokens like Meme Rush and Binance Alpha. This move could potentially impact market activity for both BSC and Solana networks. Mayowa Adebajo, a seasoned freelance writer specialising in creating compelling, high-converting content across diverse industries, brings a deep understanding of audience engagement and storytelling to this initiative.
Regulatory advances and technological developments play a crucial role in this initiative's growth. For instance, the Securities and Exchange Commission (SEC) has delayed its decision on Grayscale's Polkadot ETF until 2025, while Polymarket has gained CFTC approval to re-enter the U.S. market.
The integration with Binance may drive long-term DeFi engagement, expanding user exposure to blockchain ecosystems. Community responses highlight the enhancement’s convenience, especially for newcomers to DeFi on BSC and Solana.
In other news, German authorities have reported a missing $5B Bitcoin linked to Movie2K, while the Federal Reserve emphasises its independence amid no reform plans. Wyoming has launched a state-issued Stablecoin on the Hedera Network, and OKX is set to launch an OKB/USDT Perpetual Contract. China has launched Stablecoin Risk Governance Research, and the European Central Bank (ECB) calls for enhanced Stablecoin Regulation amid liquidity concerns. Sky aims for USDH stablecoin issuance under Hyperliquid.
As of the current market situation, BNB, Binance's native cryptocurrency, has shown positive movement over 24 hours at 1.71%. Over the past week, BNB has increased by 6.43%, and over the past month, it has surged by 23.51%. According to CoinMarketCap, BNB is priced at $797.15, with a market cap of $111.03 billion.
Meanwhile, the Venus Protocol Comptroller exploit has transferred $27 million on the BNB Chain. Despite this setback, the cryptocurrency market continues to evolve, with new developments and opportunities emerging daily.
In conclusion, the launch of Binance's web wallet beta for BSC and Solana is a significant step towards making DeFi more accessible and engaging for users. As the cryptocurrency market continues to grow and evolve, it's essential to stay informed about the latest news and developments.
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