Analysis Crypto by Thebittimes.Com

The digital asset created and backed by the crypto giant Binance is surging, fueled by memecoin trading and corporate treasuries. BNB just shattered its all-time high, touching $1,316 while up 8.8% in 24 hours, with trading volume surpassing $3 billion. This rally also stems from new institutional bets on the altcoin. CEA Industries says it now has a $611 million BNB treasury holding 480,000 tokens, while Kazakhstan’s Alem Crypto Fund named BNB its first national reserve asset. Says CEA Industries CEO, David Namdar, “BNB’s all-time highs are a clear validation that the global markets are waking up to the inherent value, credibility, scale, and utility of both the asset and underlying ecosystem. We view BNB not just as a token, but as the fulcrum of a massively integrated ecosystem.” In addition, BNB’s Q3 DEX volume has soared 185% to $37.1 billion, driven by the decentralized exchange (DEX) aggregator Aster’s whopping $29 million in dai...

SUI crypto has jumped 20% in value. This significant rise comes as Grayscale announces a new $SUI Trust. The trust opens new ways for wealthy investors to buy into $SUI. Also Read: US Debt Crisis Deepens: Interest On Payments Surges To $3B Per Day Understanding SUI’s Crypto Surge, Grayscale Trust, and Investment Potential Source: ChainWire Grayscale’s SUI Trust: A Game-Changer for Institutional Investors Grayscale, a big name in digital money, has started the Grayscale Sui Trust. This new fund lets rich investors buy $SUI without the hassle of owning actual crypto. Grayscale Sui Trust is open to eligible accredited investors seeking exposure to $SUI, a third-generation blockchain designed to help address scalability and transaction costs. Click below to learn more about Grayscale Sui Trust or reach out to us: https://t.co/WgCAFA7E8L pic.twitter.com/gic7kJDzF6 — Grayscale (@Grayscale) September 11, 2024 The trust is a big deal for $SUI. It could bring in big investors w...