BNB Hits $850, Surpasses SoftBank and Strategy in Market Cap
Main Idea
BNB reached a new all-time high above $850, consolidating its position among the top cryptocurrencies by market capitalization and attracting significant institutional investments.
Key Points
1. BNB reached a new all-time high above $850 on July 28 and ranked 188th in global market capitalization by July 29.
2. BNB's market value surpassed companies like SoftBank, Strategy, and Interactive Brokers, approaching Nike's valuation.
3. The cryptocurrency rose 9% over the past week, reinforcing its position among the top five in institutional interest.
4. Notable investments include Windtree Therapeutics' $60 million agreement for token reserves and Liminatus' planned $500 million investment in BNB.
5. The Bhutanese government and DK Bank launched Binance Pay for tourists, enhancing BNB's utility in global finance.
Description
On July 28, BNB reached a new all-time high above $850. As of July 29, the cryptocurrency ranked 188th in the global market capitalization rankings on 8marketcap . BNB has surpassed SoftBank, Strategy, and Interactive Brokers by total market value and is approaching Nike. According to CoinMarketCap, the coin has risen 9% over the past week and consolidated its position among the top five cryptocurrencies by market capitalization. A recent report from Binance Research attributes part of this grow...
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