Binance’s BNB Soars to Record High, Triggering Massive Liquidations
BNB, the native token of the Binance ecosystem, has surged to an all-time high near $830, causing $180 million in leveraged position liquidations as bearish bets were wiped out. The token, which briefly touched $827.25 on July 27, now leads gains among the top 20 cryptocurrencies, trading at $822 at press time. This breakout follows BNB's decisive breach of a two-year resistance level, with analysts attributing the rally to growing institutional interest and increased network activity. The sharp price movement has caught many traders off guard, particularly those with short positions, leading to significant liquidations across crypto derivatives markets. As Binance continues to expand its ecosystem and utility for BNB, the token's performance is being closely watched as a barometer for broader market sentiment. This milestone underscores the growing influence of exchange-linked tokens in the cryptocurrency landscape and raises questions about how much higher BNB can climb in the current market cycle.
BNB Hits All-Time High, Triggers $180 Million in Crypto Liquidations
BNB surged to a record high near $830, sparking $180 million in Leveraged position liquidations as bearish bets unraveled. The Binance-linked token now leads gains among top 20 cryptocurrencies, trading at $822 after briefly touching $827.25 on July 27.
The breakout follows BNB's decisive breach of a two-year resistance level, with analysts citing growing institutional interest and network activity. WindTree Therapeutics and Nano Labs recently disclosed BNB treasury allocations, a trend expected to accelerate demand.
Market observers project a trajectory toward $1,000 by Q4, with cycle peaks potentially reaching $1,800-$2,000. Binance founder Changpeng Zhao acknowledged ecosystem support, including from Bitcoin maximalists and ethereum holders, in driving adoption.
Trump’s EU Trade Deal Sparks Crypto Surge: BTC Nears $120K, BNB Breaks ATH
US President Donald Trump's trade negotiations with the European Union have sent ripples through the cryptocurrency market. Following a meeting with EU leader Ursula von der Leyen in Scotland, the two parties agreed on a framework that includes $750 billion in energy purchases and $600 billion in additional investments from the EU. The deal comes weeks after TRUMP announced steep tariffs, including 30% on most goods and 50% on steel and aluminum.
While tariff news has historically shaken crypto markets, recent announcements have seen diminished volatility. This time, select digital assets rallied. Binance Coin (BNB) surged to a new all-time high above $825, reclaiming its position among top performers. Bitcoin (BTC) edged closer to the $120,000 mark as traders interpreted the trade détente as a bullish signal for risk assets.
The market's tempered reaction contrasts with April's selloff, when blanket tariff threats triggered widespread declines. This selective rally underscores crypto's evolving maturity—where macroeconomic developments now spark targeted movements rather than blanket volatility.
BNB Hits New High Amid Retail Euphoria, ETH ETFs See Strong Inflows
Retail enthusiasm surged through both crypto and equity markets this week, reigniting meme stock mania and fueling speculation of an impending altseason. Binance Research attributes the risk-on sentiment to robust economic data, AI-driven tech optimism, and institutional capital flowing into crypto—particularly Ethereum ETFs.
BNB stole the spotlight as it shattered its all-time high, breaching $800 on July 23. The rally followed news of Nasdaq-listed Nano Labs allocating $90 million to a BNB treasury, underscoring a growing corporate trend of diversifying beyond Bitcoin and Ethereum. With a five-year Sharpe ratio of 2.5, BNB has delivered $2.50 in returns for every $1 of risk, outperforming both traditional indices and major cryptocurrencies.
Ethereum ETFs dominated institutional flows, absorbing nearly $1.4 billion in net inflows between July 21-24—dwarfing bitcoin ETFs' $59 million outflows. July's total ETH ETF inflows now stand at $4.67 billion, signaling accelerating institutional adoption.
BNB Nears All-Time High Amid Surging Volume and Institutional Interest
Binance Coin (BNB) is within striking distance of its $809 all-time high, buoyed by a confluence of on-chain activity and derivatives market support. The token gained 1.87% in the past 24 hours, now just $13 shy of its record peak.
Decentralized exchange volume on the BNB Chain has eclipsed Ethereum by $1.5 billion, reaching $3.936 billion in daily transactions. Thirty-day cumulative volume stands at $189.2 billion—more than double Solana's $79 billion. Network expansion continues unabated, with BSCScan recording over 180,000 new addresses created in a single day.
Derivatives markets echo the bullish sentiment. CoinGlass data reveals sustained buying pressure through the Taker Buy/Sell Ratio, while Open Interest-weighted funding rates suggest growing institutional participation. Windtree's $520 million position adds substantial fuel to what may become a decisive breakout rally.
BNB Hits Record High as CZ's Wealth Approaches $110 Billion Mark
BNB, the native cryptocurrency of Binance, has surged nearly 20% in two weeks to reach an unprecedented peak. This rally catapults former Binance CEO Changpeng Zhao into the upper echelons of global wealth, with Bloomberg estimating his fortune at $60 billion—primarily derived from his 90% stake in the exchange.
Forbes data reveals deeper layers to CZ's financial empire: a $33 billion Binance equity valuation and ownership of 94 million BNB tokens. At current prices, these holdings push his net worth toward $110 billion, rivaling tech magnates like Bill Gates and Michael Dell. The figures remain speculative given Binance's private structure and BNB's liquidity constraints.
Binance maintains its dominance as the world's largest crypto exchange by volume, with BNB's performance signaling robust confidence in its ecosystem. Market observers note the token's volatility risks, as CZ's wealth remains tightly coupled to its price movements.
XRP Open Interest Hits $3.9B Before Sharp Drop: Key Levels to Watch
XRP's market stance grows increasingly precarious as derivatives data reveals a dominance of short positions and elevated Open Interest. The cryptocurrency has been trapped in a narrow range between $3.00 and $3.20 after failing to breach $3.50, with traders now positioning for a potential breakout or steep correction.
Binance's XRP derivatives market saw Open Interest spike to a record $3.9 billion before retreating to $3.08 billion, signaling intense speculative activity. Such volatility often precedes major price movements, particularly when accompanied by lopsided positioning—shorts currently outnumber longs 50.77% to 49.23%.
The mounting bearish bets create conditions for either a cascading liquidation event or a violent short squeeze. Market participants await a decisive break below $3.20, which could trigger a slide toward $2.90, while sustained holding above this level might force shorts to cover positions aggressively.