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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Binance Coin Near Record High as $1B Builder Fund and Institutional Deals Boost Momentum​

​​Binance Coin (BNB) is trading near a record $1,355 after a surge in investor interest and Binance’s $1 billion builder fund announcement. With strong institutional partnerships, expanding DeFi activity, and a dropped SEC lawsuit, BNB’s rally signals growing confidence in its long-term utility.​

Image of a man in a suit walking on the right side, with a blue screen of bitcoin, Solana, Ether and other crypto coin logos. Source: Bloomberg

Written by

Axel Rudolph FSTA

Axel Rudolph FSTA

Senior Technical Analyst

Published on:

​​​Binance Coin trades near record high

Binance and its native token BNB are riding a wave of momentum this week, with fresh catalysts reinforcing the bullish narrative that had already been building prior to recent highs.

​BNB recently smashed past $1,300.00 for the first time ever, reaching an all-time high of $1,355.10, buoyed by broader market strength and major inflows into the Binance ecosystem.

​One of the standout developments has been BNB’s surge in mindshare: in just one week, investor interest has spiked over 250 percent, reflecting growing conviction that the BNB Chain is a core infrastructure play in the evolving blockchain landscape.

​Key to that narrative is Binance’s announcement that YZi Labs (formerly Binance Labs) will commit $1 billion towards developer grants, incentives, and infrastructure growth across DeFi, AI, and real-world asset (RWA) projects on BNB Chain. 

​That builder fund is more than just a headline - it signals Binance’s intent to deepen protocol-level utility rather than just relying on speculative demand.

​At the same time, the BNB ecosystem is seeing upside from memecoin activity on the chain, rising DEX volumes, and increased usage of low-cost, high-throughput blockchains in a market looking for alternatives to congested networks. 

​Looking back to September, Binance had already garnered attention for its institution-level credibility: the platform announced a strategic partnership with Franklin Templeton to issue digital asset products, which helped BNB break past previous highs.

​Earlier that month, the token had crossed the psychological $1,000.00 threshold amid rumours that Binance was nearing an agreement with US authorities to resolve compliance issues and possibly bring back its founder CZ in some capacity. 

​Despite the rally, some caution remains. As BNB extends into uncharted price territory, momentum could be susceptible to overextension, profit-taking, or macro headwinds.

​The success of the $1 billion builder fund hinges on whether projects actually bring meaningful activity and value to the chain rather than just speculative hype.

​Moreover, Binance still must navigate regulatory environments globally - even though its recent legal challenges, including a dropped SEC lawsuit, have lessened some overhang.

​Still, the recent developments suggest that BNB is moving beyond just exchange-token status. Its trajectory is increasingly tied to real utility growth, ecosystem adoption, and capital inflow.

​If Binance can execute on infrastructure expansion while retaining network integrity, BNB’s run may not just be a fleeting hype cycle, but a legitimate step toward becoming a core asset in the evolving Web3 stack.

​BNB bullish scenario:

​BNB has Tuesday's $1,355.10 record high in its sights, a rise above which would allow for a 161.8% Fibonacci extension target at $1463.40 to be next in focus, together with the psychological $1,500.00 region.

​Support below Thursday's $1,254.70 low can be spotted around the 3 October high at $1,192.70.

​BNB bearish scenario:

​Only a sharp bearish reversal and fall through the late September $933.40 low would void the current medium-term bullish outlook and may trigger a drop toward the mid-September low at $911.30.​​

BNB daily candlestick chart

Binance daily candlestick chart Source: TradingView

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