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BNB currently dominates the exchange token segment and attracts capital inflows from institutions and the community. If the current trend continues, BNB could remain at the center of the next altcoin wave. However, short-term volatility and profit-taking pressure are factors that need close monitoring. Dominant Position in the Segment Binance Coin (BNB) reached its all-time high (ATH) at the end of July. Although BNB’s price has slightly corrected from its previous ATH, it is still trading at $811 at the time of writing. This has pushed BNB’s market capitalization to $114.36 billion, officially surpassing Nike and MicroStrategy. Assets Ranked By Market Capitalization. Source: 8marketcap “That strength isn’t cosmetic — it powers both Binance and BNB Chain, and the ongoing burn tightens supply as on-chain activity grows,” commented X user Daniel Nita. With this strong growth, BNB dominates the exchange token segment. It currently accounts for 81% of the total market capitalization of all exchange-based tokens. This reflects Binance’s brand strength and the appeal of the BNB Chain ecosystem in DeFi, NFTs, and RWAs. BNB leads the exchange-based token segment. Source: CoinGecko PancakeSwap, the largest DeFi protocol on BNB Chain, also benefits from this price rally. BNB’s ATH has attracted new capital inflows into CAKE, thanks to the close liquidity and market sentiment relationship between the two tokens. Beyond Bitcoin and Ethereum, BNB has become a target for institutions looking to build strategic reserves. Recently, Nasdaq-listed company BNC (formerly Vape) spent USD 160 million to purchase 200,000 BNB, making BNC the largest institutional holder of BNB globally. Previously, Windtree Therapeutics was also seeking to raise USD 520 million to build a BNB reserve. This could mark the expansion of the “BNB treasury” trend among businesses. Potential to Rise to $1,200 Moreover, crypto analyst Ali shared on X that Binance Coin’s price structure mirrors Bitcoin’s price action. Based on this observation, Ali believes BNB could enter the early phase of a rally toward the $1,200 mark. BNB price prediction. Source: Ali on X While the future price outlook for BNB appears optimistic, BeInCrypto observed that when BNB recently hit its new ATH, some medium-term holders began selling off their BNB, creating certain selling pressure. As a result, investors should be cautious with their leveraged positions to avoid liquidation during BNB’s strong rallies. Disclaimer In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Read More

The Zora (ZORA) token has reached a new all-time high amid a bullish rally that has caused its value to appreciate by more than 1460% over the past month. Furthermore, user activity on the Zora platform is also surging. This has reignited interest in the altcoin, with discussions intensifying across crypto Twitter (now X). ZORA has also stolen the spotlight, emerging as the top trending coin on CoinGecko. ZORA Becomes CoinGecko’s Top Trending Coin Amid Bullish Rally  BeInCrypto Markets data showed that the altcoin reached $0.139 earlier today, marking a new record high. At the time of writing, ZORA’s price adjusted to $01.36. This represented an uptick of 50.6% over the past day. The double-digit pump has made the coin one of the top daily gainers on CoinGecko.  ZORA Price Performance. Source: BeInCrypto Markets Furthermore, the daily trading volume was recorded at $312 million, an 80.2% increase. Notably, the majority of the trading activity comes from Coinbase, which dominates 27.23% of the total volume. The rise isn’t limited to the price. Zora, a blockchain platform enabling the creation and trading of tokenized content and creator coins, has also seen a dramatic uptick in user engagement.  According to data from Dune Analytics, the number of creators on the platform has increased more than tenfold compared to last month. The number of unique coin traders has reached 2.92 million, reflecting growing engagement and participation.  User Activity on Zora. Source: Dune In addition, both new and returning wallets have seen a notable rise. The creation of content coins remains consistently strong, with daily creation levels staying above 30,000 throughout the past month. These trends suggest a thriving and expanding ecosystem, driven by heightened interest and participation. This revival of interest isn’t new. BeInCrypto reported previously that users created over 100,000 coins in late July, even surpassing Pump.fun.  This surge coincides with increased attention surrounding ZORA. The altcoin has been dominating discussions on crypto Twitter. “Zora has been handed to ct on a silver platter and it’s still deeply underallocated — download the app, have a little fun with $20 and you’ll understand I promise,” an analyst posted. Meanwhile, another analyst, Alexander, has highlighted several factors contributing to ZORA’s appeal, including its intuitive model, fair token rewards for creators and users, and disruptive potential. “Zora is a platform where tokens and speculation are means to ends, not the ends themselves. They can conceivably be increasingly abstracted away from most users, just as they are in other types of social / attention markets. The tokens here are actually useful within the context of the platform itself, people actually have reasons to interact with them other than speculation,” he wrote. It’s not just social media. Retail interest in the asset is also rising. Google Trends data revealed that the search interest for “Zora” has picked up, approaching a score of 100, indicating significant curiosity from investors. Disclaimer In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Read More

The crypto market seems to be on track to reignite a bull run. Since the beginning of the month, altcoins have impressed investors with their ongoing rallies, bringing many close to their peaks. BeInCrypto has also analysed three such altcoins, which are nearing their all-time highs and could potentially breach them this week. BNB BNB is currently the altcoin closest to its all-time high (ATH), trading just 4.7% below the $861 ATH. At $822, it remains poised for a potential breakout. The proximity to its ATH indicates strong market sentiment and potential for further upward movement in the near future. The previous ATH was set about three weeks ago, and with broader market support, BNB could continue its bullish momentum. If the market conditions remain favorable, BNB may reach $861 and potentially break through it, surpassing the previous record high within this week. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. BNB Price Analysis. Source: TradingView However, if the broader market fails to maintain its rally, BNB may struggle to breach the $823 level. In such a scenario, a price drop could occur, pushing BNB down to $793 or potentially lower to $766. Market conditions will be crucial in determining the direction of the altcoin’s price. SPX6900 (SPX) SPX is currently trading at $1.96, nearing the $2.00 resistance level after more than two weeks of consolidation. A successful breach of this level is essential for SPX to target its all-time high (ATH) of $2.29. The next few days could determine its upward trajectory. The Parabolic SAR, positioned below the candlesticks, is acting as support, suggesting an active uptrend. With this indicator in play, the altcoin has the potential to rise by 17%, reaching or surpassing its ATH. A continued upward movement, supported by the Parabolic SAR, signals strong bullish momentum for SPX in the near term. SPX Price Analysis. Source: TradingView However, if SPX fails to break the $2.00 resistance, it could face downward pressure. In this case, the price may fall back to $1.74, undermining the bullish outlook.  Ethereum (ETH) Ethereum is approaching a significant milestone in August, trading at $4,303, a 3.5-year high. The altcoin breached the $4,000 mark over the weekend, setting its sights on the next target of $4,891. This strong upward momentum suggests Ethereum could make history if it sustains its growth. At $4,303, Ethereum is 13.5% away from its all-time high (ATH) of $4,891. To reach this ATH, ETH must first secure $4,500 as a stable support level. A successful consolidation above this threshold could set the stage for ETH to continue its bullish ascent towards the ATH. ETH Price Analysis. Source: TradingView However, if investor sentiment shifts and selling pressure increases, Ethereum could struggle to maintain its position above $4,000. A decline below this level would invalidate the bullish outlook, potentially reversing the recent gains and sending ETH lower. Disclaimer In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Read More

A proposal to merge LayerZero & Stargate has been put forward, with all STG tokens to be swapped for ZRO. The merger of these two projects could serve as a warning sign for other multi-token and sub-DAO models. What the LayerZero-Stargate Deal Means for Token Holders The LayerZero Foundation has officially proposed to acquire Stargate and the STG token. The estimated value is USD 110 million. Under the proposal, each STG token will become redeemable for 0.08634 ZRO through a fixed-rate redemption contract, based on ZRO’s market price of $1.94 at the time of proposal. If approved, STG will cease its operational role, and LayerZero will dissolve Stargate DAO. LayerZero stated that any excess revenue from Stargate will be used to buy back ZRO. This buyback strategy has recently been observed in several major projects, including Chainlink. In the long run, it could reduce ZRO’s circulating supply and alter its pricing/risk-return model. According to the announcement, the proposal will also include a public discussion phase, followed by a three-day voting period on Snapshot. It requires a high approval threshold of 70%, with a quorum calculated based on the veSTG. The proposal received both positive and negative views from the community. Some argue that managing two tokens simultaneously will cause the team to lose focus and become ineffective.  Others argued that the LayerZero & Stargate merger is inevitable. However, from their operating model, concepts such as multi-token setups and sub-DAOs may not deliver as much value as previously thought. “Both projects have long been synonymous with each other. This proves: multi-token models; sub-daos and all of that bulls**t has always been inherently bearish for projects,” an X user commented. One objection focused on the issue of the rights of current STG holders. “The offers are not attractive at all. They do not offer any advantages to STG holders, and STG’s revenue sharing system is not available on ZRO. We will only be able to hold on to our tokens,” a user shared. Nevertheless, the dissolution of Stargate DAO and its integration into a larger foundation raises questions about centralized governance. Moreover, the swap mechanism, the redemption contract’s open period, and the benefits for veSTG/stakers could decide whether the LayerZero & Stargate merger deal is approved. ZRO & STG Price Performance. Source: BeInCrypto The market reacted instantly following the merger announcement. STG and ZRO have surged sharply, currently trading at $0.1942 (+17%) and $2.44 (+22%), respectively. These short-term price movements reflect both merger expectations and the immediate reactions of market makers. Disclaimer In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Read More

Bitcoin (BTC) price is attempting to reclaim its recent highs, foraying above the $122,000 threshold. However, whether the climb is sustained or breaks hinges on several US economic indicators that are due for announcement this week. With Bitcoin now in the hands of institutions just as much as it is accessible to retail, US economic data points significantly influence the pioneer crypto. US Economic Indicators That Could Derail Bitcoin’s Climb this Week Data on MarketWatch shows several US economic signals are on the schedule this week, each with its respective influence and impact on the market. US Economic Signals This Week. Source: MarketWatch CPI The US CPI (Consumer Price Index) is arguably the most important US economic signal this week. It is due on Tuesday, August 12. This data point drives Federal Reserve (Fed) interest rate policy expectations. According to the schedule data, economists project CPI to come in at 2.8%, which would indicate an inflation rise in July, year-over-year (YoY), compared to the 2.7% recorded in June. Goldman Sachs also projects the same outlook. The expectation comes amid Trump’s Tariff woes, which went into effect on August 7 for yet another series. “CPI Inflation data hits Tuesday! Economists’ consensus is that tariffs drove July’s CPI higher,” wrote Peter Tarr, a private investment manager. A hotter-than-expected reading, which means anything above 2.8% would strengthen the dollar, putting downward pressure on the Bitcoin price. However, if the US Department of Labor reveals a softer print, say below the 2.7% seen in June, it may spark a crypto rally. “After recent unemployment data, the September rate cut probability is at 91%. If CPI comes in lower than expected, the September rate cut will be confirmed. This will help risk-on assets rally even more. In case CPI comes in higher than expected, rate cut probability will go down along with crypto prices. Given that the unemployment rate has been going up lately, CPI is expected to come lower, which will be good for the markets,” wrote analyst BitBull. However, according to Tarr, it may not necessarily influence the market as investors progressively price in rising inflation in the US. No. Not necessarily. Economists have done a pretty poor job thus far and the expectations of a slightly higher print are already baked in. It’s nuanced. Will discuss. — Peter Tarr (@ProfitsTaken) August 10, 2025 PPI Another US economic signal this week is the PPI (Producer Price Index), scheduled for release on Thursday. Notably, PPI is a leading inflation gauge, and persistent inflation in producer costs can push the Fed to keep policy tighter for longer, influencing liquidity-sensitive assets like crypto. Like CPI, economists also project that PPI will increase after the 2.3% recorded in June. “The NFP bid in bonds is in the process of unwinding as we head into a week where core CPI and PPI are expected to come in HIGHER than the last prints Why is this important? Because the market and Fed are going to begin to realize that inflation risk is a GREATER risk than recession risk,” said Capital Flows in a post. Indeed, and like any surprise in CPI would affect the Fed rate cuts, any uptick in US PPI could fuel inflation fears. Retail Sales Elsewhere, retail sales are also a key watch among US economic signals this week, with weak data expected to amplify recession fears. The US Census Bureau is due to release the data point on Friday, August 15, reflecting consumer spending, which drives about 70% of the US economy and influences market sentiment. After a 0.6% reading in June, economists’ polls reported by MarketWatch predict a 0.5% reading in July 2025. Such an outcome would indicate that US consumer spending remained strong but cooled slightly. Notably, readings near 0.5% are historically solid, suggesting the US economy is still running hot enough to avoid a spending slowdown. While the dip from 0.6% to 0.5% would hint at mild cooling, it is not enough to signal a major demand drop. Retail sales beating the 0.5% projection would reinforce the strong economy narrative, which could push yields and the dollar higher, but serve as a short-term headwind for Bitcoin. Conversely, retail sales missing expectations would suggest the Fed could lean more dovish, which is potentially bullish for Bitcoin and risk assets. Initial Jobless Claims Meanwhile, with the growing influence of the labor market on Bitcoin and the crypto market in general, initial jobless claims will also be a critical watch this week. This economic signal measures the number of US citizens who filed for unemployment insurance for the first time last week. Initial jobless claims reported were 226,000 for the week ending August 2. In the same week, recurring applications for unemployment benefits surged to the highest since November 2021, as continuing claims rose by 38,000 to 1.97 million in the week ended July 26. However, for last week, data in MarketWatch shows economists predict a slight increase to 229,000. Meanwhile, market watchers say this US economic indicator has stabilized over the last few weeks.   A stable but slightly rising jobless claims figure suggests a cooling labor market, potentially boosting Fed rate-cut bets and supporting Bitcoin’s upward momentum. Bitcoin (BTC) Price Performance. Source: BeInCrypto As of this writing, BTC was trading for $122,029, up by 3.44% in the last 24 hours. Disclaimer In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Read More

Home » Regulation » El Salvador passes law to allow investment banks to offer Bitcoin and digital asset services Powered by Gloria | Edited by Aug. 10, 2025 New legislation aims to attract global capital and position El Salvador as a regional financial center for digital assets. Photo: Avishek Das/ Key Takeaways El Salvador’s new law allows investment banks to offer Bitcoin and digital asset services to sophisticated investors with at least $250,000. Investment banks can become digital asset service providers and issuers, operating separately from commercial banks. Share this article El Salvador’s Legislative Assembly has approved a sweeping Investment Banking Law that will create a new class of financial institutions serving only high-net-worth and institutional clients, according to a recent press release. El Salvador’s legislature introduced the measure last year in a bid to establish a private investment bank able to handle Bitcoin transactions, with plans to diversify funding sources for investors and allow deposits, lending, and wider financial services in BTC and USD. Backed by the Ministry of Economy, the measure sets out a regulatory framework for investment banks offering services such as asset management, financial advisory, corporate transaction structuring, structured financing, and market analysis. Investment banks must maintain a minimum share capital of $50 million and operate separately from commercial banks. These institutions can request authorization to become digital asset service providers, digital asset issuers, and Bitcoin service providers. Lawmakers said the move is aimed at attracting international private capital, financial groups, and wealthy individuals to use El Salvador as a base for regional operations. The new law, sponsored by the Ministry of Economy, limits clients to sophisticated investors, defined as individuals or entities with extensive market experience, the capacity to shoulder complex financial risks, and a minimum of $250,000 in liquid assets, which can be Bitcoin, treasury bonds, tokenized products, gold, or cash. The framework permits investment banks to conduct various operations, such as bond issuance, loan granting, foreign currency transactions, and complementary services. The new banks will be regulated by the Central Reserve Bank (BCR), which will set standards for capital, liquidity, risk management, and digital asset operations. The Superintendency of the Financial System (SSF) will supervise compliance, transparency, and investor protection. Dania González, a member of El Salvador’s Legislative Assembly, said investment banking is key to helping governments, companies, and institutions raise capital for major projects. The law is expected to generate substantial benefits, from attracting foreign capital, international financial groups, and high-net-worth individuals to positioning El Salvador as a regional financial hub. “We are turning El Salvador into a specialized financial hub, generating an international reputation, institutional confidence, and competitiveness,” González noted. The legislative development comes after the National Bitcoin Office (ONBTC) signaled earlier this week that Bitcoin banks were coming to El Salvador. This is a developing story. Please come back for further updates. Share this article Read More

Regulation Home » Regulation » China urges brokers and think tanks to halt stablecoin promotion amid fraud concerns Powered by Gloria | Edited by Vivian Nguyen Aug. 8, 2025 Hong Kong this month rolled out a licensing regime for stablecoin issuers, joining a wave of Asia-Pacific jurisdictions racing to regulate the market. Photo: Mark Kuiper Key Takeaways Chinese regulators instructed brokerages and think tanks to cease promoting stablecoins due to fraud concerns. Despite a crypto ban, over-the-counter digital asset trading in China reached $75 billion in early 2024. Share this article Chinese financial regulators have instructed local brokerages and think tanks to cease promoting stablecoins through studies and public events amid concerns that the digital assets could be exploited for fraud, Bloomberg reported Friday, citing people with knowledge of the matter. Regulators were said to have issued guidance in late July and early August urging the groups to call off seminars and halt the dissemination of stablecoin-related research. “Chinese policymakers don’t favor too much fanfare in some topics just to avoid a herd rush to any particular asset class,” Christopher Wong, a Singapore-based currency strategist at Oversea-Chinese Banking Corp, told Bloomberg, noting that regulators don’t want stablecoins to become the next speculative craze, especially among retail investors who may not fully understand the risks. The quiet clampdown came despite some recent official remarks, including from PBOC Governor Pan Gongsheng in June, which suggested a more open stance toward certain forms of crypto, especially those pegged to the yuan, which fueled speculation China might be warming to the industry. The move may signal that Beijing wants to keep any crypto-related developments firmly on its own terms. Mainland China still outlaws crypto-related transactions, yet OTC digital asset trading surged to $75 billion in the first nine months of 2024, Chainalysis estimates indicate. The regulatory move follows recent developments in Hong Kong, where new legislation governing stablecoin issuers was introduced. Hong Kong has granted licenses to 11 crypto exchanges and 44 companies to trade digital assets for clients, including Chinese state-backed firms like CMB International Securities, Guotai Junan Securities (Hong Kong), and TFI Securities and Futures. Share this article Read More

Regulation Home » Regulation » Trump taps Bitcoin advocate Stephen Miran as temporary Fed governor Powered by Gloria | Edited by Vivian Nguyen Aug. 8, 2025 Miran is a strong advocate of Trump’s economic philosophy, supporting policies such as tariffs to reduce trade deficits and promote economic growth. Key Takeaways Stephen Miran, a Bitcoin advocate and current CEA chair, has been nominated by Trump as a temporary Fed governor. Miran supports pro-crypto innovation and is critical of excessive financial regulations. Share this article Stephen Miran, chair of the Council of Economic Advisers (CEA), known for his pro-innovation and Bitcoin views, will temporarily join the Federal Reserve Board after President Donald Trump named him to replace Adriana Kugler, who is set to step down on Friday. “It is my Great Honor to announce that I have chosen Dr. Stephen Miran, current Chairman of the Council of Economic Advisors, to serve in the just vacated seat on the Federal Reserve Board,” Trump said. If confirmed by the Senate, which isn’t expected to act on the nomination before reconvening in September, Miran would serve until January 31, 2026, completing the remainder of Kugler’s term. His first major duty could be as a voting member of the September FOMC meeting, where investors expect the first rate cut since December 2024. Miran, who was appointed to lead Trump’s Council of Economic Advisers last December, supports the president’s economic policies, including using tariffs to reduce trade deficits and boost growth. The economist has downplayed inflation risks linked to tariffs, setting him apart from more cautious Federal Reserve officials. “President Trump was right in 2018-2019 when he said there was no inflation and no need for higher interest rates. And eventually, Chairman Powell caught up to him. President Trump was right in 2021 when he said…inflation is going to be out of control. We need higher interest rates now. The Fed dismissed it as transitory,” Miran said in a recent interview with MSNBC. “And eventually, Chairman Powell caught up to President Trump’s view. What we’re seeing now in real time is a repetition once again of this, where the President will end up having been proven right and the Fed will, with a lag and probably quite too late, eventually catch up to the President’s view,” he added. On digital assets, Miran sees crypto as a potential catalyst for economic expansion, particularly under the Trump administration. “I think that crypto has a big role potentially to play in innovation and ushering in another Trump Administration economic boom,” he previously stated. Share this article Read More