BNB Hits New High, Meme Stocks Soar, ETH ETFs See Inflows: Binance Report

Key Points

1. Binance Coin (BNB) reached a new all-time high above $800, driven by Nano Labs' $90 million BNB treasury investment and its strong risk-adjusted returns (Sharpe ratio of 2.5).

2. U.S. Ethereum ETFs recorded nearly $1.4 billion in net inflows between July 21-24, surpassing Bitcoin ETFs, which saw $59 million in outflows during the same period.

3. The crypto market remains volatile, with coins like XRP, Dogecoin (DOGE), and Aptos (APT) experiencing double-digit losses in a single day.

4. Bitcoin's market dominance rebounded slightly after dipping below 60%, while Ethereum's ETH/BTC ratio declined by 7.4% from its recent peak.

5. Upcoming macroeconomic events, including Federal Reserve and Bank of Japan meetings, U.S. GDP data, and regulatory developments like potential Solana ETF approvals, could influence market trends.