CRYPTONEWS:BNB burns millions. Coinbase Base creates memecoin that crashed. Abraxas Capital

Episode summary 🟡 Bitcoin Investment A UK firm, Abraxas Capital, bought $250M worth of Bitcoin (~2,949 BTC). Part of a larger trend of institutions accumulating BTC. Market remains quiet over Easter, but some volatility expected from mid-term holders moving coins. 🔥 BNB Token Burn Binance burned 1.57 million BNB (~$916M) in its 31st quarterly burn. It’s part of a long-term goal to reduce BNB supply to 100 million. Price impact: Minimal — BNB dropped slightly. ⚙️ Base Network News (by Coinbase) Base Q2 roadmap focuses on: Faster blocks (200ms) Bigger throughput (50 Mgas/s) Privacy tools and new dev platforms (MCP). Continues to lead in DeFi activity despite recent backlash. 😬 Base Meme Coin Controversy Base promoted a meme coin/art project. Criticized for blurring lines between art and investment. Jesse Pollak, Base creator, apologized, clarifying it was not an official token. Related links show the meme coin’s listing and artwork on Zora. /////////////////////////////////////////////////////////////////////////////////////////// 🔗 SOURCES 🔗 https://cointelegraph.com/news/uk-investment-firm-buys-250-m-bitcoin-analysts-quiet-easter-weekend https://beincrypto.com/bnb-burn-916-million-token-reduction/ https://beincrypto.com/base-q2-roadmap-ethereum-layer-2/ https://www.theblock.co/post/351119/base-scrutinized-over-promotion-of-token https://x.com/base/status/1912584945127813533 https://dexscreener.com/base/0x06d7874037e622d6ef42294cf32eb259806cb1c6 https://zora.co/coin/base:0xd769d56f479e9e72a77bb1523e866a33098feec5?referrer=0x9652721d02b9db43f4311102820158aBb4ecc95B https://cointelegraph.com/news/base-creator-jesse-pollak-issues-apology-controversial-digital-art /////////////////////////////////////////////////////////////////////////////////////////// 🔴 WARNING 🔴: The video may contain errors due to the creator's dyslexia, such as incorrect names or references (e.g. John Biden instead of Joe Biden, or Africa as a country). Dyslexia causes confusion when writing or speaking, but with practice, errors will decrease. Thank the audience for their understanding. 📜 Full Disclaimer 📜: The video is purely informative and does not constitute a recommendation to buy or sell cryptocurrencies or other products, nor does it provide investment advice. CRYPTO NEWS may have a financial relationship with the cryptocurrencies mentioned. The content of the video does not take into account the individual needs of the viewers and the opinions expressed are based on the information available at the time of its creation. 🕒Timestamps:🕒 24.7CRYPTONEWS, the best cryptocurrency news media online! #bitcoin #cryptocurrency #news #btc #ethereum #eth #cryptocurrency #litecoin #altcoin #altcoins #forex #money #best #trading #bitcoinmining #invest #trader #cryptocurrencies #top #investing #business #success #investment #finance #coinbase #binance #stocks #wallstreet #investor #wealth #bullish #crash #collapse #economy #cnbc #cryptolive #altcoindaily