BNB, the native token of Binance and the BNB Chain ecosystem, has officially broken through the $1,000 mark for the first time, reaching a new all-time high of $1,004. The token rose 4.5% over the past 24 hours, pushing its market capitalization close to $140 billion. With this move, BNB has overtaken Solana, reclaiming its position as the fifth-largest cryptocurrency by market cap.
This rally comes as the broader crypto market sees renewed momentum, buoyed by the U.S. Federal Reserve’s expected 25-basis-point interest rate cut. The CoinDesk 20 Index, which tracks top digital assets, climbed roughly 3% in response to the news.
Binance May Exit Court Oversight from $4.3B DOJ Settlement
A major factor fueling BNB’s rise is a new report suggesting that Binance is in talks with the U.S. Department of Justice to end one of the key compliance measures tied to its $4.3 billion settlement from 2023. Currently, Binance is operating under the watch of a court-appointed monitor, a condition of that deal.
If finalized, this agreement would transition Binance to a more internal, structured compliance framework—similar to what other companies have adopted to successfully move past legal scrutiny. Traders and analysts view this as a strong signal that Binance is stabilizing its regulatory standing, which is boosting investor confidence.
Speculation Around CZ’s Return and Trading Volume Surge
Adding to the excitement is growing speculation that Binance co-founder Changpeng Zhao (commonly known as CZ) could return to a more public role within the company. Although there’s been no official confirmation, even the possibility of CZ’s involvement is stirring optimism among investors.
Meanwhile, trading volume on BNB has surged significantly. In just over an hour, BNB’s price jumped nearly $40, breaking through the psychological resistance of $1,000. New technical resistance is now forming around $1,005, while strong support appears to have settled just below the $1,000 mark.
As BNB continues to ride this wave of momentum, traders are watching closely to see if the token can sustain its gains—or even push higher—on the back of evolving Binance news and broader crypto market trends.
