Altcoins AVAX, OP, and WLD Climb As BNB Sets New All-time High

Key Points

1. BNB surged 7% to a new all-time high of $858, making it the fifth largest cryptocurrency by market cap.

2. A drug company, Windtree Therapeutics, announced plans to purchase up to $700 million worth of BNB, following a trend of public crypto treasuries.

3. Other altcoins like Ethereum layer-2 Optimism and Avalanche also saw significant gains, with Optimism up 12.6%.

4. Former Binance CEO Changpeng Zhao's family office announced support for forming a BNB Treasury Company, though details remain unclear.

5. Ethereum has surged 60% over the past month, nearing its all-time high, with predictors giving a 68.5% chance it will set a new record by year-end.