Binance is implementing a change to the funding rates of select perpetual contracts, adjusting settlement intervals from eight hours to four hours. The affected contracts are NKNUSDT and BROCCOLIF3BUSDT. Binance has not released a statement regarding these adjustments. 89.87% surge in NKN price over the past 24 hours suggests bullish sentiment, despite a declining trend (down 43.12%) in broader market periods. Coincu research team points to potential benefits of this change, highlighting it as a strategy for achieving volatility control and promoting liquidity. The funding rate limits remain constant at ±2.00%. This move aims to enhance the market’s responsiveness while minimizing disruptions according to Binance. The update reflects changing market conditions more frequently and potentially dampening volatility.