The drop comes after BNB hit a record high near $860, driven by aggressive moves into the token by public companies.
BNB price is correcting gains from the $860 zone. The price is now facing hurdles near $820 and might dip again toward the $788 support. BNB price is correcting gains and traded below the $820 support zone. The price is now trading below $810 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $800 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $788 level to start another increase in the near term. BNB Price Trims Some Gains After a steady increase, BNB price failed to clear the $860 zone. There was a downside correction below the $850 and $680 levels, like Ethereum and Bitcoin. The price even dipped below $840 and tested $800. There was a clear move below the 23.6% Fib retracement level of the upward move from the $744 swing low to the $861 high. The bulls are now active near the $800 support zone. There is also a key bullish trend line forming with support at $800 on the hourly chart of the BNB/USD pair. The price is now trading below $810 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $810 level. The next resistance sits near the $820 level. A clear move above the $820 zone could send the price higher. In the stated case, BNB price could test $845. A close above the $845 resistance might set the pace for a larger move toward the $860 resistance. Any more gains might call for a test of the $880 level in the near term. More Losses? If BNB fails to clear the $820 resistance, it could start another decline. Initial support on the downside is near the $800 level. The next major support is near the $788 level. The main support sits at $770. If there is a downside break below the $770 support, the price could drop toward the $750 support. Any more losses could initiate a larger decline toward the $735 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $800 and $788. Major Resistance Levels – $810 and $820.
Vape company CEA Industries and venture capital firm 10X Capital, supported by YZi Labs (formerly Binance Labs), have announced a $500 million private placement aimed at establishing the largest publicly listed Binance Coin (BNB) treasury company. New BNB Treasury Strategy The offering comprises a common equity Private Investment in Public Equity (PIPE), which will generate $500 million in gross proceeds—$400 million in cash and $100 million in cryptocurrency. According to Monday’s announcement, the funds raised will be primarily directed toward developing a crypto treasury strategy focused on the BNB Chain. Related Reading: $120K Bitcoin In Sight: 90-Day US–China Tariff Truce Fuels Market Optimism Leading the new BNB treasury strategy will be incoming CEO David Namdar, a co-founder of Galaxy Digital and a senior partner at 10X Capital, alongside incoming Chief Investment Officer Russell Read. On the matter, Namdar noted: BNB Chain is one of the most widely utilized blockchain ecosystems, yet access for institutional investors has been limited until now. By establishing a US-listed treasury vehicle, we’re opening doors for traditional investors to participate transparently. Russell Read echoed Namdar’s view, emphasizing what he sees as the fundamental strength of Binance Coin as a digital asset: Institutional-grade exposure to BNB is appealing because it is driven by real utility across various sectors, including decentralized finance (DeFi) and enterprise applications. By creating this treasury vehicle, we allow institutions to engage in the growth narrative of BNB. 10X Capital, which has a history of advising significant players in the crypto space, will act as the asset manager for the BNB treasury strategy with the backing of YZi Labs. The transaction is expected to close around July 31, 2025, at which point the company will begin deploying funds to acquire BNB tokens. CEA Industries Stock Soars 560% The company’s plans after the closing include building an initial position in BNB, with aspirations to scale its holdings significantly over the next 12 to 24 months through a “sophisticated capital markets program.” Additionally, they will reportedly explore staking, lending, and other opportunities within the Binance ecosystem to generate revenue while maintaining a conservative risk profile. Related Reading: XRP Won’t See Devastating Pullback Because ‘The Train Has Left The Station’ Ella Zhang, Head of YZi Labs, expressed confidence in the potential of a publicly listed Binance Coin treasury vehicle: We recognized the institutional potential from the outset, and with the PIPE announcement, our conviction has been validated. We are excited to see this vision materialize, enhancing BNB’s utility and institutional access in a sustainable manner. The market response to the announcement has been significantly positive for the company, with CEA Industries’ stock (VAPE) surging more than 560% on Monday morning following the revelation of the PIPE deal. As of this writing, BNB is trading at $825, which is a 3% gap between the current price and the all-time high of $863 achieved earlier on Monday. Featured image from DALL-E, chart from TradingView.com
Several listed companies announced plans to create BNB crypto treasuries recently, including CEA Industries (VAPE), teaming up with Binance founder CZ's family office.
BNB, the native token powering the Binance ecosystem, has reached a new milestone amid renewed market interest and institutional activity. On July 28, the digital asset briefly hit a record price of $854 before easing to approximately $847.5 at the time of writing. This latest surge marks a 7% daily increase and caps a month-long […]
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BNB's trading volume surged by 170%, with the price reaching a high of $860.86 before pulling back slightly.
Windtree Therapeutics (WINT), a biotech firm listed on Nasdaq, has recently made headlines by venturing into the cryptocurrency space, particularly focusing on Binance Coin (BNB). Just over a week after raising $60 million, the company announced a substantial partnership with Build and Build Corporation, unveiling a $200 million securities purchase agreement aimed at establishing a dedicated BNB treasury. In a surprising turn of events just six days later, the firm disclosed a strategic partnership with Kraken, which will reportedly provide services such as custody, trading, and over-the-counter (OTC) solutions for Windtree’s newly formed BNB treasury strategy. Windtree Therapeutics Partners With Kraken According to the announcement, the biotech firm and the US-based cryptocurrency exchange have signed a term sheet that will be formalized into a definitive agreement pending shareholder approval of Windtree’s securities purchase agreement. This partnership is said to open the door for potential future subscriptions of up to $140 million, led by Build and Build Corporation, further solidifying Windtree’s dive into the cryptocurrency ecosystem. Related Reading: Is $1 Dogecoin ‚Inevitable‘? Analyst Cites Perfect Storm Of Factors By aligning with Kraken, Windtree aims to leverage the exchange’s security, liquidity, and expertise in digital asset management. Notably, Windtree distinguishes itself as the first Nasdaq-listed company to offer direct exposure to the BNB token, which ranks as the fifth-largest digital asset by market capitalization, exceeding $100 billion. Kraken’s infrastructure is expected to play a vital role in ensuring the secure custody and efficient trading of BNB assets. The exchange’s over-the-counter desk will facilitate transactions related to Windtree’s Binance Coin treasury strategy. The Key To Windtree’s BNB Strategy Success Jed Latkin, Chief Executive Officer of Windtree, expressed enthusiasm about the partnership, stating: We are excited to partner with Kraken, a trusted leader in the cryptocurrency industry, to support our groundbreaking BNB strategy. Kraken’s expertise and secure platform will strengthen our ability to deliver unparalleled exposure to the Binance ecosystem, creating significant value for our shareholders. Related Reading: Crypto Founder Reveals What Will Drive Ethereum Price To $10,000 David Olsson, Global Head of Institutional Client Solutions at Kraken, echoed this sentiment, emphasizing the exchange’s commitment to expanding access to BNB and the Binance Smart Chain. “Our deep liquidity and industry-leading security infrastructure allow us to deliver bespoke solutions tailored to the needs of corporate treasury teams,” he added. “With qualified custody, a leading staking platform, and seamless OTC execution, we’re well-positioned to support Windtree as they execute their digital asset strategy with confidence and precision.” As of this writing, Binance Coin is trading at $782, marking a 20% surge over the past month. This makes it one of the top performers among the ten largest cryptocurrencies in the market over this period. Yet, the token has a 3% gap from its record high of $809. Featured image from DALL-E, chart from TradingView.com
Changpeng Zhao (CZ), the co-founder of Binance and former CEO of the world’s largest cryptocurrency exchange, is reportedly aligning himself with President Donald Trump’s policy initiatives following his recent release from a four-month jail sentence. This shift comes as Zhao seeks to navigate the complexities of his situation in the US in light of his legal challenges, including a formal application for a presidential pardon after serving time for violations related to anti-money laundering laws (AML). Will CZ’s Strategy Result? As reported by Crypto in America, Zhao’s foundation, Giggle Academy, has partnered with American Legion Charities to donate $2 million to create a permanent scholarship for the children of fallen and disabled US service members. Per the report, this initiative is particularly timely, coinciding with Trump’s renewed focus on artificial intelligence (AI) and blockchain technology. Related Reading: Is $1 Dogecoin ‚Inevitable‘? Analyst Cites Perfect Storm Of Factors Zhaos’ scholarship program aims to empower students by providing grants of up to $20,000 and features an annual competition that encourages participants to address pressing societal issues with innovative solutions. This aligns with the Trump administration’s broader objectives, which include bolstering America’s position as a global leader in technology and cryptocurrency while supporting veterans and their families. Recently, the president’s administration approved an $832 billion defense funding bill that includes pay raises and enhanced benefits for service members, further underscoring this commitment. Former Binance CEO’s Pardon Application Gains Traction Industry insiders view Zhao’s “philanthropic initiative” as potentially strategic, suggesting that it could be an attempt to gain favor with the president. “CZ knows what he’s doing,” remarked a crypto executive familiar with the landscape. The executive, who chose to remain anonymous when responding to Crypto in America’s inquiries, further stated: For the US to maintain its status as the crypto capital of the world, it needs strong leadership from its top exchanges and entrepreneurs. Moreover, we need a skilled workforce to drive the future economy. Related Reading: Crypto Founder Reveals What Will Drive Ethereum Price To $10,000 Adding to Binance’s former CEO complex situation in the country, recent speculation has emerged regarding his chances of receiving a presidential pardon. CZ has topped crypto-betting platform Polymarket’s leaderboard as the individual most likely to be pardoned by President Donald Trump in 2025, according to recent polls. This narrative gained momentum after Zhao confirmed on a podcast that he had formally applied for a pardon. This came after a tumultuous year in which he faced significant legal hurdles, leading him to leave Binance and relinquish any role in its operations. When writing, the exchange’s native token Binance Coin (BNB) trades at $782, a gap of over 3% from its current record high of $809 reached two days ago. Featured image from CNBC, chart from TradingView.com
The rebound was fueled by Windtree Therapeutics' commitment to invest $520 million in BNB for its corporate treasury.
Galaxy Digital moved nearly 30,000 BTC — worth around $3.5 billion — to exchanges. SharpLink has named Joseph Chalom as its new co-CEO.
The cryptocurrency is currently testing a critical support zone around $744-$753, with traders watching to see if it holds or breaks.
BNB, the native cryptocurrency of BNB Chain, crossed the $800 level in early Asian trading on Wednesday to set a new all-time high of $801. Related Reading: Too Pricey? Expert Says XRP Beats Bitcoin And Ethereum Right Now The surge came after a 5% increase over the last 24 hours and a 13% gain in the last week, taking BNB’s market capitalization to over $110 billion. Currently, it ranks as the fifth-largest cryptocurrency by market capitalization. Spike In Volume And Derivatives Trading Volume trading around BNB has increased strongly. According to Coinglass data, daily volume rose over 40% to over $3 billion. Derivatives volume surged 31% to $2.18 billion, while open interest in BNB futures increased 19% to $1.23 billion. These represent an expanding tide of speculation and demand for the asset, perhaps fueled by fresh money flowing into the market. A good deal of this movement seems to be riding on bullish momentum forming around BNB’s recent price action. The token has been in an uptrend for weeks now, and this breakout above its previous highs indicates buyers are remaining bullish, even as there are indications that the market is heating up. Meanwhile, the relative strength index (RSI) is also well into overbought conditions at 87.50. When the RSI crosses above 70, it generally means that a pullback may be imminent. Nevertheless, the uptrend is still in place. BNB is well above its 20-day simple moving average of $704. Price is higher with good volume, and this is a combination that is commonly used to confirm trend strength. Nano Labs Buys $90 Million Worth Of BNB Institutional buying could be propelling the rally. On July 22, China-founded Web3 infrastructure company Nano Labs Ltd announced it had added 120,000 BNB tokens to its holdings—worth around $90 million. According to the company, it bought over-the-counter at an average cost of $707 per BNB. Nano Labs stated that it views BNB as a strategic reserve asset and will continue to add to its holdings. It also stated that it will invest in companies that are dedicated to the BNB ecosystem. Such a long-term commitment brings an element of confidence for retail investors tracking the token’s movements closely. All the hype aside, there are beginning to appear some warning signs. BNB is now trading above the top Bollinger Band, an indication that the token may be getting stretched. Related Reading: Solana DeFi Rebirth: TVL Breaks Past $14 Billion Amid Price Surge Featured image from Unsplash, chart from TradingView
The price increase helped BNB become the fifth-largest cryptocurrency by market capitalization, and while technical resistance near $808 may limit further gains.
The U.S. Federal Reserve remains under intense political pressure ahead of its July 30 meeting, with President Trump and some of his appointees openly calling for rate cuts despite sticky inflation.
As the crypto market gears up for what many expect to be a major bull run in 2025, top analysts are beginning to share their most realistic price predictions for leading digital assets like Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), Binance Coin (BNB), Aptos (APT), and others. Though their forecasts vary in optimism, there’s a shared consensus that significant gains are likely on the horizon. Bitcoin, Ethereum, LINK, BNB And Aptos Price Forecast As excitement builds around the next potential crypto bull run, well-known crypto analyst and YouTube host Altcoin Daily has released a fresh batch of “realistic” price predictions for major digital assets expected to perform strongly in 2025. Related Reading: The Final Bitcoin Act: Here’s What To Expect As BTC Trends Sideways In the forecast posted on X social media, Bitcoin is expected to reach a peak of $150,000 during the next bull market. Currently trading at $117,629, the flagship cryptocurrency has pulled back from its recent all-time high above $123,000. To reach the projected $150,000 target, BTC would need to surge by roughly 27.52% from its current level. Ethereum, the second-largest cryptocurrency, is also set for significant gains this cycle. Altcoin Daily forecasts that the altcoin is likely to hit $5,000 in 2025. Over the past few weeks, Ethereum has posted strong gains, overcoming key resistance and emerging from a prolonged consolidation phase. Now trading at $3,696, the top altcoin has surged by an impressive 61.45% over the past month. From this level, ETH would need to climb approximately 35.26% to reach a $5,000 peak. Weighing in on other major altcoins, Chainlink, the leading decentralized oracle provider, is expected to rise to $30, representing a potential surge of over 57% from its current price of $19.1. As for Binance Coin, Altcoin Daily anticipates a strong rally toward the $1,000 mark from BNB’s current price of $759. For the final forecast, Altcoin Daily sets a $10 target for Aptos, a relatively newer Layer-1 blockchain. At the time of writing, the token is trading at $5.25, meaning it is expected to surge by approximately 90.5% to reach the expected peak. Realistic Targets For 2025 Altcoin Season Offering a significantly more inclusive forecast, crypto analyst Domba.eth took to X to share realistic price targets for 19 major cryptocurrencies ahead of the anticipated 2025 altcoin season. In line with Altcoin Daily’s projection, Domba.eth forecasts a relatively similar peak range for BTC, ETH, and BNB. Related Reading: Altcoin Season Index Spikes Above 30, But Bitcoin Dominance Remains High, What Next? The analyst’s projection also extends to cryptocurrencies not covered by Altcoin Daily, including Solana, XRP, and Cardano. Notably, Solana is expected to rise between $300 and $500 during the upcoming altcoin season, suggesting a possible surge of 50% to 152% from its current price of $199.1. XRP, which recently saw a sharp rally above $3.5, is forecasted to rise between $3.2 and $4.7, assuming positive sentiment remains strong and legal clarity improves. Meanwhile, Cardano is expected to reach a range of $1.2 to $2.1, representing a potential gain of roughly 38% to 141.4% from its present price of $0.87. Featured image from iStock, chart from Tradingview.com
The decline has Solana's sol (SOL) to overtake BNB's market capitalization, with SOL rising 3.5% to a market cap of $109.3 billion.
Windtree Therapeutics (WINT), a biotech company dedicated to developing therapies for critical health conditions, has announced a significant partnership with Build and Build Corporation. The two companies revealed a $200 million securities purchase agreement aimed at establishing a Binance Coin (BNB) treasury. First NASDAQ-Listed Company Offering Direct BNB Exposure Under the terms of this agreement, Windtree has the potential to secure an additional $140 million in gross proceeds through future subscriptions, which would bring total subscriptions to $200 million. The funds—expected to come in the form of cash, shares of Osprey BNB Chain Trust, and BNB tokens—will primarily be utilized to implement a BNB crypto treasury strategy. Related Reading: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts This, according to the firm’s official announcement, positions Windtree as a pioneer in the BNB digital asset space, aiming to be the first NASDAQ-listed company to provide direct exposure to the BNB token, which currently ranks as the fifth-largest blockchain by market capitalization. The initiative reportedly addresses a pressing need for both retail and institutional investors seeking regulated access to the Binance ecosystem, one of the leading ecosystems in the digital asset industry. The Most Liquid Crypto Exchange Token? The firm also praised the Binance ecosystem, anchored by one of the world’s largest cryptocurrency exchanges. Windtree also considered the growing metrics of the token, noting that BNB boasts average daily trading volumes exceeding $2 billion, making it the largest and most liquid crypto exchange token globally. Patrick Horsman, CFA and Director of Build & Build Corp, expressed enthusiasm about the partnership, stating: We are thrilled to propose a groundbreaking BNB strategy to the US market. This innovative solution will offer investors targeted exposure to Binance and BNB, addressing what we believe to be a critical gap in the US investment landscape. Related Reading: Citigroup CEO Confirms Interest In Issuing A Proprietary Stablecoin—Reuters The Binance Smart Chain supports swift, low-cost transactions and fosters a thriving decentralized finance (DeFi) ecosystem that includes thousands of decentralized applications (dApps) and millions of users. With a dominant market share in Asia, Windtree asserts that Binance and its ecosystem are poised for significant growth in both global and US markets. Jed Latkin, Chief Executive Officer of Windtree, emphasized the importance of this transaction, noting: Today marks a pivotal moment for Windtree. This transaction secures up to $200 million from institutional investors, offering our shareholders a unique opportunity to gain exposure to a BNB-focused crypto treasury strategy. At the time of writing, Binance Coin is trading at $717, having registered significant gains of 9% and 10% over the past fourteen days and one month, respectively. Despite this recovery, the token is still trading 8.6% below its record price of $788, which was reached during last December’s rally. Featured image from DALL-E, chart from TradingView.com
Binance maintained its top spot among crypto exchanges, handling over 35% of global trading volume in the second quarter.
BNB price is correcting gains from the $708 zone. The price is now facing hurdles near $692 and might dip again toward the $675 support. BNB price is attempting to recover from the $675 support zone. The price is now trading below $690 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $692 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $680 level to start another increase in the near term. BNB Price Faces Hurdles After a steady increase, BNB price failed to clear the $710 zone. There was a downside correction below the $690 and $680 levels, unlike Ethereum and Bitcoin. The price even dipped below $678 and tested $675. A low was formed at $674 and the price is now attempting to recover. There was a move above $680. The price climbed above the 50% Fib retracement level of the downward move from the $707 swing high to the $674 low. However, the bears are active near $692. There is also a key bearish trend line forming with resistance at $692 on the hourly chart of the BNB/USD pair. The price is now trading below $690 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $692 level. The next resistance sits near the $695 level or the 61.8% Fib retracement level of the downward move from the $707 swing high to the $674 low. A clear move above the $695 zone could send the price higher. In the stated case, BNB price could test $708. A close above the $708 resistance might set the pace for a larger move toward the $720 resistance. Any more gains might call for a test of the $732 level in the near term. Another Decline? If BNB fails to clear the $692 resistance, it could start another decline. Initial support on the downside is near the $682 level. The next major support is near the $680 level. The main support sits at $674. If there is a downside break below the $674 support, the price could drop toward the $665 support. Any more losses could initiate a larger decline toward the $650 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $685 and $680. Major Resistance Levels – $692 and $708.
BNB is celebrating its eighth anniversary and has recently undergone a $1 billion token burn.
The TGE format lets Binance Wallet users trade tokens with prices that rise as demand grows, with the first project reveal set for July 15.
The price rise was driven by a combination of the broader cryptocurrency market rally and a fresh $1 billion token burn.
The recent Maxwell hard fork which reduced block times and the introduction of tokenized equities by Kraken and Backed Finance have contributed to growth.
The launch of xStocks on BNB Chain comes on the heels of debuting on Solana DeFi protocols last week.
This stability was influenced by global macro developments, including fresh tariff measures announced by U.S. President Donald Trump
BNB price is gaining pace above the $650 support zone. The price is now showing positive signs and might aim for more gains in the near term. BNB price is attempting to recover from the $620 support zone. The price is now trading above $655 and the 100-hourly simple moving average. There is a key contracting triangle forming with resistance at $662 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $655 level to start another increase in the near term. BNB Price Eyes More Gains After forming a base above the $620 level, BNB price started a fresh increase. There was a move above the $645 and $650 resistance levels, like Ethereum and Bitcoin. The price even surged above the $660 level. A high was formed at $666 before there was a downside correction. The price dipped below the 50% Fib retracement level of the upward move from the $650 swing low to the $666 swing high. The price is now trading above $655 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $662 level. There is also a key contracting triangle forming with resistance at $662 on the hourly chart of the BNB/USD pair. The next resistance sits near the $665 level. A clear move above the $665 zone could send the price higher. In the stated case, BNB price could test $672. A close above the $672 resistance might set the pace for a larger move toward the $680 resistance. Any more gains might call for a test of the $700 level in the near term. Another Decline? If BNB fails to clear the $662 resistance, it could start another decline. Initial support on the downside is near the $655 level and the 61.8% Fib retracement level of the upward move from the $650 swing low to the $666 swing high. The next major support is near the $650 level. The main support sits at $644. If there is a downside break below the $644 support, the price could drop toward the $632 support. Any more losses could initiate a larger decline toward the $620 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $655 and $650. Major Resistance Levels – $662 and $665.
Technical analysis suggests that BNB is consolidating, with buyers supporting the price around $659.45 and sellers capping gains at $664.38.
The purchase is part of a larger plan and brings Nano Labs' total digital asset reserves to around $160 million.
BNB Chain has launched its much-anticipated Maxwell upgrade, a network improvement that aims to halve block times from 1.5 seconds to just 0.75 seconds. The upgrade, activated on June 30, is expected to significantly boost transaction speeds, enhance network responsiveness, and optimize communication between validators on the Binance Smart Chain (BSC). The Maxwell upgrade builds […]
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BNB held above $648 Sunday ahead of the Maxwell upgrade, which will cut block time in half and boost scalability, validator sync, and network efficiency.