In brief
- BNB traded 0.8% higher while Ethereum and XRP posted losses, with analysts crediting its ecosystem utility and token-burning mechanisms for resilience.
- Former Binance CEO CZ’s YZi Labs announced a $1 billion fund for BNB Chain developers, boosting investor confidence in the token’s long-term prospects.
- BNB sits just 2% below its all-time high, having gained 27.6% over the past week and 48.7% over the past month.
BNB extended its gains on Wednesday even as other top digital assets notched significant losses, with an analyst attributing its recent upswing to its usefulness and capital structure in an interview with Decrypt. .
Ethereum has sunk 2.4%, and XRP is down 1.2% in the past day. Bitcoin was roughly flat after spending most…
Oct 08 2025
