According to @EmberCN, the HTX exchange has completed its second-quarter token burn for the year, removing 11.8 trillion HTX tokens from circulation, valued at approximately $22.17 million. The transaction has been verified on-chain. This burn is part of HTX's established mechanism where 50% of the platform's quarterly revenue is used to buy back and destroy HTX tokens. This deflationary event is significant for traders as a reduction in total supply can potentially impact the token's market value.

According to Crypto Rover, Binance Coin (BNB) has successfully completed its 31st quarterly burn, with a total of 1,570,000 BNB, equivalent to $916 million, being burned. This significant reduction in supply could lead to increased scarcity, potentially driving up the price of BNB. Traders should note the potential for increased volatility and consider this in their trading strategies as the market adjusts to this reduced supply.