BNB is a new high or non-emotional dominant. Is the situation of $1,000 under mainstream investment smaller?

Author: Felix, PANews  

“From $0.1 to $1,000, we’ve gone a long way, but that’s just the starting point,” Binance founder CZ wrote on social platforms. As CZ quietly changed the introduction of X account from "ex-@binance" to "@binance", the community was instantly excited, some people shouted "CZ is back", and some people were excited by BNB's outstanding performance.

Last Thursday (September 18), BNB surged past $1,000 to a record high; it continued to climb over the weekend, hitting a new all-time high of $1,076.3. Its market capitalization briefly exceeded $150 billion, surpassing traditional industry giants such as Accenture and BYD, and jumping to the 143rd position in the global asset rankings. Behind this rally lies not only a surge in market sentiment, but also a value reshaping driven by the convergence of eased regulatory pressure, entry of traditional institutions, ecosystem expansion, and its own deflationary mechanism.  

Image Source: 8marketcap  

BNB’s “unrivaled” performance in this cycle is by no means due to a single factor, but the result of the superposition and resonance of multiple positive drivers.  

## Significantly Improved Regulatory Environment: Could CZ “Return” to Binance?  

Since U.S. President Trump took office, his administration has adopted a more crypto-friendly policy, shifting the overall regulatory atmosphere to a positive one—providing a more favorable external environment for the development of Binance, BNB, and many other cryptocurrencies. Globally, Binance has now obtained regulatory licenses in 21 countries/regions and is actively cooperating with regulatory authorities worldwide.  

Against this macro “tailwind,” the U.S. has further relaxed regulatory requirements on Binance, alleviating the long-standing uncertainty in the market. According to Bloomberg, people familiar with the matter revealed that Binance is negotiating a potential agreement with the U.S. Department of Justice, which may end the compliance monitoring period that began in 2023 ahead of schedule. This progress has greatly boosted market confidence in Binance’s future development.  

Shortly after this news broke, CZ updated his social media profile to reaffiliate with Binance officially—changing his X bio from “ex-@binance” to “@binance.” This move sparked market speculation that he might return to Binance in a new capacity. Although there has been no official statement, the market has interpreted this as a positive signal, boosting investor sentiment and becoming one of the catalysts for BNB’s upward movement.  

In response, CZ also tweeted this morning: “The new U.S. government that supports cryptocurrencies may be the biggest driver behind BNB’s breakthrough to $1,000. Its stance has influenced not only the U.S., but also most countries in the world. Now, most countries have adopted a pro-crypto stance. This is a huge boost for the industry.”  

Notably, the support behind BNB’s recent rally comes not only from the recovery of market sentiment, but also from a series of solid fundamental factors, providing more sustained momentum for its price performance.  

## Expanding Financial Footprint: Endorsement from Traditional Institutions  

On September 10, Binance and Franklin Templeton announced a strategic partnership to jointly develop digital asset-related products, aiming to promote in-depth integration of traditional finance and blockchain technology.  

According to the statement, the core of this cooperation lies in combining Franklin Templeton’s expertise in compliant security tokenization with Binance’s global trading network and user base.  

As the world’s largest cryptocurrency exchange serving over 280 million users, Binance has unparalleled trading infrastructure and a global investor network. Franklin Templeton, a traditional financial giant managing over $1.6 trillion in assets, has actively and diversely laid out in the blockchain field in recent years—for example, through tokenizing traditional financial products, providing regulated digital asset investment tools (such as ETFs), and exploring the application of blockchain in financial infrastructure.  

This cooperation between Binance and Franklin Templeton is seen by the outside world as not only a product complementarity, but also an accelerated integration of “new finance” and “old finance”: one side provides speed and market reach, while the other brings compliance and institutional endorsement. The two parties will work to enhance the efficiency, transparency, and accessibility of capital markets, as well as competitive returns and settlement efficiency, to meet the evolving needs of investors.  

It is worth mentioning that a series of recent moves by Binance also reveal signs of expansion. Not long ago, it announced a new partnership with Zapper, a South African payment service provider. Starting from September 9, more than 31,000 merchants in South Africa will begin accepting Binance Pay, expanding Binance Pay’s global merchant network to over 63,000. Whether partnering with Wall Street institutions or launching payment services in the African market, Binance is embedding its business more deeply into broader mainstream financial and consumer scenarios.  

## DAT-Driven BNB Hoarding Trend: Backing by Strong Companies  

Since the beginning of this year, the “crypto treasury strategy” represented by listed companies has become an important driver of cryptocurrency rallies. Driven by this strategy, tokens such as BTC, ETH, and SOL have gradually been included in the balance sheets of many companies—and BNB is no exception. Multiple listed companies, investment institutions, and even sovereign states have included BNB in their strategic reserves, forming another force pushing BNB higher.  

At the sovereign economic entity level, Gelephu Mindfulness City (GMC), a newly established special administrative region of the Kingdom of Bhutan, has included BNB in its strategic reserves. In January this year, the special economic zone announced that it would add BTC, ETH, and BNB to its official list of strategic reserve assets. The reason given is that BNB has a high market capitalization and good liquidity, and the BNB Chain behind it is a mature and secure network that has stood the test of time. Although this is an action by a special economic zone rather than the entire Kingdom of Bhutan, it has greatly boosted market confidence in BNB. Additionally, there are reports that CZ, founder of Binance, once proposed to the Kyrgyz government to consider BNB in its planned national-level crypto asset reserves, though no public progress has been made so far.  

In contrast, listed companies are the main force purchasing BNB. Currently, multiple U.S.-listed companies have announced that they will hold BNB as a strategic reserve asset, and some have even made it a core business focus. Examples include:  

- **BNB Network Company (BNC, formerly CEA Industries)**: Currently BNB’s “top fan,” supported by YZi Labs, it completed a $500 million private placement and aims to become the world’s largest listed company with BNB reserves. The company has even renamed itself BNB Network Company and changed its stock ticker to “BNC.” As of September 10, BNC’s total BNB holdings had reached 418,888.  

- **Web3 Infrastructure Firm Nano Labs (NA)**: The company plans to invest $1 billion in purchasing BNB over three years, targeting to hold 5%-10% of BNB’s total circulating supply. According to its first-half financial report, it holds 128,000 BNB in total.  

- **Biopharmaceutical Company Windtree Therapeutics (WINT)**: The company once announced that it had signed a common stock purchase agreement of up to $500 million to establish an Equity Line of Credit (“ELOC”) and strengthen its BNB cryptocurrency fund strategy. It also signed an additional $20 million stock purchase agreement with Build and Build Corp. 99% of the funds raised through the ELOC and Build and Build Corp will be used to acquire BNB.  

- **Biopharmaceutical Company Liminatus Pharma (LIMN)**: The company plans to establish a wholly-owned subsidiary named “American BNB Strategy,” aiming to raise $500 million through this entity for long-term strategic investment in BNB.  

- **China Renaissance**: The company signed a strategic cooperation memorandum with YZi Labs, planning to invest approximately $100 million in dedicated BNB asset allocation and promote the listing of BNB on licensed virtual asset exchanges in Hong Kong. It has become the first Hong Kong-listed company to include BNB in its digital asset allocation.  

In addition, some investment institutions have also launched funds or investment tools focused on BNB:  

- **B Strategy**: A digital asset investment firm planning to raise $1 billion to establish a U.S.-listed BNB reserve company. This plan has received strategic support from YZi Labs, which will not only hold BNB but also invest in and support the development of the BNB ecosystem.  

- **Hash Global BNB Yield Fund**: Hash Global launched a compliant BNB yield fund, which plans to expand its assets under management to $3 billion within three years.  

Regarding BNB Treasury Companies (DATs), CZ stated in a video interview that he has contacted approximately 50 potential teams, but cannot provide support to all BNB DAT companies—only a few strong ones will receive backing.  

In addition to BNB DATs, BNB ETFs have also provided potential impetus for BNB’s rally to a certain extent. Currently, two institutions have submitted applications for BNB ETFs to the U.S. SEC: VanEck, and a joint application by REX Shares and Osprey Funds. These applications aim to provide investors with access to BNB through traditional stock exchanges and may include staking yield features.  

If approved, BNB ETFs will offer traditional investors a regulated and familiar investment channel, which is expected to bring new capital inflows to BNB and enhance its market recognition and liquidity.  

## Technological Upgrades and Deflationary Mechanism  

BNB’s value support comes not only from the increased holdings of external institutions and companies, but also from the technological progress of its own ecosystem and the optimization of its economic model.  

As the native token of BNB Chain, BNB’s new all-time high is inseparable from the outstanding performance of BNB Chain. BNB Chain completed the Maxwell hard fork upgrade on June 30, significantly improving network performance by increasing block speed and validator collaboration capabilities. After the upgrade, BNB Chain’s block time was reduced to 0.75 seconds, and transaction finalization time was accelerated to 1.875 seconds, greatly enhancing the user experience. Gas fees on BNB Chain have also been reduced by 10x, making it one of the blockchains with the lowest fees.  

Furthermore, unlike the common sandwich attacks and front-running on EVM chains such as Ethereum, and the large-scale arbitrage and spam attacks faced by blockchains like Solana, BNB Chain has performed exceptionally well in resisting MEV (Maximal Extractable Value) attacks. Developers, nodes, block builders, wallets, DEXs, and other participants on BNB Chain have invested significant efforts in reducing MEV attacks.  

In terms of products, WLF launched USD1, the first native stablecoin on BNB Chain, further improving the liquidity of on-chain stablecoins; multiple RWA issuers have deployed on BNB Chain, which not only enriches the assets on BNB Chain but also enhances BNB Chain’s reputation in traditional fields.  

BNB’s deflationary mechanism continues to boost its price. Binance’s ongoing token burn program has gradually reduced BNB’s circulating supply, benefiting long-term holders. On July 10, the BNB Foundation completed the 32nd quarterly burn, destroying a total of 1,595,599.78 BNB. After this burn, BNB’s total supply remaining stood at 139,289,513.94. The dual support of deflation and network upgrades has laid a solid foundation for BNB’s price.  

Amid so many positive factors, OSL HK also opened BNB trading services for professional investors on September 3, becoming the first exchange in Hong Kong to support BNB.  

## Conclusion  

To sum up, BNB’s recent price rally is no accident. Driven by the superposition of recent positive factors—including eased regulatory pressure, deepened cooperation with traditional institutions, increased institutional investment, and its own deflationary mechanism—BNB’s value has received multiple layers of support. Behind BNB’s breakthrough to $1,000 is more of a market recognition of BNB’s fundamentals and ecosystem potential, and it may be far from reaching its true limit.  

However, the crypto market is volatile, and investors still need to exercise caution in the short term. In the long run, BNB is closely tied to Binance’s operating conditions, and there remains uncertainty about the future direction of regulation. Additionally, both BNB Chain and CEX (Centralized Exchange) businesses will face fierce competition from other public chains and exchanges (both CEXs and DEXs) in the future.  

As CZ recently said, “This is just the beginning.” Therefore, although BNB is currently the “darling” of the crypto market, PANews advises users to view the market rationally, avoid chasing highs out of FOMO (Fear Of Missing Out), and focus on long-term value and ecosystem development.  

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