astronaut
Walrus
Pearl
Bitcoin
NEAR Protocol
Zcash
Hyperliquid
Key Highlights:
- YZi Labs supports a new BNB Treasury Company that is planning to debut in the U.S. stock market.
- Daily active BNB addresses climb to 1.75 million, signaling increasing ecosystem use.
- Technical breakout pattern points to $697 target as BNB maintains strong support at $635.
BNB posted a 1.69% gain, trading at $672.45, while Bitcoin rose 2.40% to $111,298.09, reflecting bullish market sentiment.
Launching a U.S.-focused treasury company backed by YZi Labs is pushing BNB into the spotlight. The initiative targets traditional financial markets, offering a regulated on-ramp for U.S. investors to gain exposure to BNB.
Meanwhile, the BNB network continues to grow as on-chain activity surges. With daily active users nearing all-time highs, fundamentals align with investor momentum.
YZi Labs Pushes BNB Into U.S. Capital Markets
YZi Labs is the venture firm formerly known as Binance Labs. It supports the creation of BNB Treasury Company, a new digital asset firm solely focused on BNB.
The company plans to go public on a major U.S. stock exchange. It aims to offer American investors regulated exposure to the BNB token and ecosystem.
The firm will be introduced with 10X Capital, which had earlier assisted Nakamoto (NAKA) with listing on Nasdaq. It shall also collaborate with Clear Street LLC and Cohen & Company Capital Markets to generate initial capital to acquire BNB.
The action enhances the institutional presence of the token and makes it conform to regulated financial systems. David Namdar, co-founder of Galaxy Digital, has joined the initiative.
Russell Read, formerly CIO at CalPERS and Deutsche Asset Management, is also on board. Their involvement adds industry expertise to the BNB Treasury Company.
The team plans to merge institutional-grade reporting with blockchain transparency. This approach aims to appeal to both traditional and crypto-focused investors.
The launch constitutes a significant change to BNB. It previously did not have organized vehicles to accommodate the U.S.-based institutional investors.
With solid regulatory frameworks and a clear treasury mandate, BNB is gaining credibility. It’s now prepared for wider adoption within the global financial landscape.
BNB Technicals Signal Upside as Burn Reduces Supply
BNB recently confirmed a breakout from an ascending triangle pattern, clearing the key resistance level of $665. The bullish formation sets a technical target at $697.6, with strong support at $635 reinforcing the structure.
Indicators such as MACD and the Alligator show strengthening momentum and widening bands. This suggests buyers are in control.
This technical breakout follows weeks of sideways price movement and marks a shift in trend as volume increases. On July 2, 2025, BNB Chain executed its 32nd quarterly token burn.
A total of 1,595,599.78 BNB, valued at roughly $1.024 Billion, was removed from circulation. This reduced the overall supply to about 139.29 million BNB.
The burn showcases BNB’s deflationary approach aimed at long-term value creation. Its auto-burn mechanism is a key feature of the token’s economics. It now stands reinforced by real-world utility, rising investor demand, and institutional backing.
Network Growth and Institutional Demand Reinforce Bullish Outlook
BNB’s on-chain metrics also support its bullish momentum. According to BscScan, daily active BNB Smart Chain addresses reached 1.75 million as of July 9, 2025.
This increase marks one of the highest user counts in BNB Chain’s. It also indicates strong adoption across DeFi and decentralized apps.
Activity levels have steadily climbed over the last month, reflecting genuine network demand rather than speculative volume alone. BNB’s growing number of active addresses highlights its widespread use as a utility token. It is the foundation for one of the most active Layer 1 blockchain networks.
Nano Labs bought 74,315 BNB for $50 Million at an average price of $672.45. The purchase boosts confidence in BNB’s market strength.
It kicks off a $500 Million convertible-note program focused on accumulating BNB. Eventually, the company aims to hold 5% to 10% of BNB’s total supply.
Nano Labs’ market cap surged to $181 Million following the announcement, nearly tripling in value. The firm now treats BNB as a strategic reserve asset alongside Bitcoin. Also, it is positioning itself to lead institutional adoption of BNB in the treasury space.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
