USDT Overtaken as BNB Claims Third Spot in Crypto Rankings
In a significant market shift on October 8, 2025, Binance Coin (BNB) has achieved a remarkable milestone by surpassing both XRP and Tether (USDT) to become the third-largest cryptocurrency by market capitalization. BNB surged over 10% to reach an unprecedented all-time high of $1,330, pushing its total market valuation to $178.8 billion. This impressive rally was primarily driven by substantial liquidity migrations from other blockchain ecosystems, particularly Ethereum, with more than $512 million flowing into the BNB Chain ecosystem recently. The movement demonstrates growing investor confidence in Binance's native token and its expanding utility within the decentralized finance landscape. The displacement of USDT from its long-held position highlights the dynamic nature of cryptocurrency rankings and underscores BNB's accelerating adoption across various blockchain applications. This development signals a potential reshaping of the crypto hierarchy as utility tokens gain prominence against traditional stablecoins in market capitalization rankings. The sustained growth of BNB reflects broader trends in the cryptocurrency sector, where native exchange tokens are increasingly competing with established digital assets for market dominance and investor attention.
Binance Coin Overtakes XRP and USDT to Rank 3rd Largest Digital Asset
Binance Coin (BNB) surged over 10% to reach a new all-time high of $1,330, solidifying its position as the third-largest cryptocurrency by market capitalization. The rally pushed BNB past XRP and Tether (USDT), with its market cap now standing at $178.8 billion.
Liquidity inflows from other blockchains, particularly Ethereum, fueled the uptrend. More than $512 million migrated to the BNB Chain ecosystem over the past month. The network's Total Value Locked (TVL) nearly doubled from $5.6 billion to $9.1 billion since June 2025.
Trading volume spiked 87% to $10 billion, according to CoinMarketCap data. The parabolic MOVE suggests growing institutional interest in Binance's native token as decentralized finance activity on BSC accelerates.
Polymarket Expands Funding Options with Bitcoin Deposits Amid Record Highs
Prediction market platform Polymarket has introduced Bitcoin deposits, broadening its funding options as BTC trades near all-time highs. The move, announced on October 6 via X, aligns with surging demand for Bitcoin-based transactions. Previously limited to stablecoins and Ethereum-based tokens, users can now deposit BTC directly—eliminating conversion hurdles.
Bitcoin's timing is strategic. The cryptocurrency recently breached $126,000, fueling speculative activity across crypto markets. Polymarket's integration taps into this momentum, offering traders seamless access to event-based markets without intermediary swaps.
The platform continues supporting multi-chain assets, including tokens on Ethereum, Polygon, Base, Arbitrum, and Solana. Yet Bitcoin's inclusion marks a pivotal shift—acknowledging its dominance as both a store of value and transactional medium in decentralized finance.
Sunny Mining Launches Smartphone-Based Cloud Mining Platform
Sunny Mining has introduced a mobile app that enables users to mine cryptocurrencies directly from their smartphones, eliminating the need for expensive hardware or complex setups. The platform supports BTC, USDT, and ETH deposits and withdrawals, leveraging industrial-grade data centers and AI-driven optimization for efficiency.
The service offers sign-up bonuses, daily rewards, and referral programs, targeting both novice and experienced users. By merging mobile accessibility with cloud mining, Sunny Mining aims to democratize crypto earnings in an increasingly digital economy.
Traditional mining required significant energy and specialized equipment. Sunny Mining's cloud-based approach disrupts this model, allowing 24/7 mining via smartphones. The platform emphasizes security and scalability, positioning itself as a solution for predictable crypto returns.
