Binance Coin (BNB) Breaks $720 as Network Upgrades and Strategic Partnerships Drive Institutional Demand
Binance Coin (BNB) has surged past the $720 mark, recording a 4.17% daily gain, fueled by bullish momentum, key network upgrades, and strategic partnerships. The rally highlights growing institutional confidence in BNB Chain's scalability, with recent enhancements enabling the network to handle up to 5,000 decentralized exchange (DEX) swaps per second. Partnerships, such as ONDO Finance's integration of tokenized U.S. equities, further bolster BNB's utility in the crypto ecosystem. However, recent exchange hacks serve as a reminder of the persistent security challenges in the space. As of July 17, 2025, BNB's upward trajectory reflects both technological advancements and increasing adoption, positioning it as a standout performer in the digital asset market.
Binance Coin (BNB) Surges Past $720 Amid Bullish Momentum and Key Upgrades
Binance Coin (BNB) breached the $720 threshold, marking a 4.17% daily gain as network enhancements and strategic alliances fuel institutional interest. The rally reflects deepening confidence in BNB Chain's scalability, with upgrades poised to handle 5,000 DEX swaps per second.
Partnerships like ONDO Finance's integration of tokenized U.S. equities amplify BNB's utility, though recent exchange hacks underscore persistent security risks. Technical indicators suggest the uptrend has room to run, with traders eyeing higher resistance levels.
Thailand Advances Crypto Sandbox Proposal for Tourist Payments
Thailand's Securities and Exchange Commission (SEC) and central bank have progressed their joint cryptocurrency sandbox initiative to the public hearing phase. The program targets foreign tourists, enabling digital asset conversion to Thai baht through regulated exchanges for daily transactions.
The sandbox will operate within a controlled environment supervised by multiple regulatory bodies, including the Anti-Money Laundering Office. This framework positions Thailand as an emerging digital asset hub in Southeast Asia, with Binance's local joint venture Gulf Binance publicly supporting the initiative.
The concept traces back to former Prime Minister Thaksin Shinawatra's proposal for a crypto payment system in Phuket. Bitcoin (BTC) is specifically mentioned as a potential payment method within designated tourist zones under the scheme.
5 Things to Know as Ethereum Price Rockets 35% Monthly
Ethereum's price surge, now up 23% this month to $3,238.35, rides Bitcoin's coattails as the flagship cryptocurrency breaches $123,000. The altcoin's rally reflects broader market momentum, with Binance seeing particularly heavy trading activity as its ETH reserves hit 5 million.
Institutional adoption accelerates as firms like SharpLink and Abraxas designate ethereum as a treasury asset. Network fundamentals strengthen with May's Pectra upgrade boosting transaction speeds, while analysts watch for potential ETF-driven demand to mirror Bitcoin's institutional inflows.
The ETH/BTC correlation remains tight, though Ethereum's ecosystem developments suggest growing independence. Market watchers now gauge whether this breakout can sustain through year-end, potentially heralding an altseason.
Bitcoin Retail Interest Resurges as Fresh Capital Enters Market
Bitcoin's rally, previously driven by institutional demand, is now seeing renewed retail participation. Glassnode data reveals a 2.86% increase in BTC held by first-time buyers over two weeks—equivalent to 140,000 BTC entering new wallets. This marks the strongest retail inflow since the 2024 market lull.
Exchange metrics corroborate the trend. Binance retail deposits are rising while whale activity declines by $2 billion, signaling a momentum shift toward smaller investors. The market's structure now mirrors early-cycle retail FOMO patterns, though institutional ETF flows remain the dominant price anchor.
Analysts note the duality of this cycle: institutional adoption provides stability while retail re-entry could amplify volatility. The 4.91 million BTC in new holder wallets suggests broadening ownership—a bullish metric for network health.
Top 2 Cryptos Under $0.05 Poised to Outperform Solana (SOL) by 300% Year-End
Solana (SOL) struggles to break key resistance at $167.42 despite a 1.87% daily gain, with whale unstaking and declining volume signaling caution. Technical indicators show neutral RSI at 53.62 and a bearish MACD crossover, suggesting potential pullback to $155. The Firedancer upgrade and $78M ETF inflows offer modest support, but macroeconomic tensions weigh on sentiment.
Mutuum Finance (MUTM) emerges as a dark horse, attracting whale attention with its sub-$0.05 presale price and 3x returns for early investors. Its dual-lending architecture bridges DeFi with traditional finance principles, positioning it as a high-utility alternative to stalled large caps.
