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BNB just flipped XRP. What's going on?

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Plus: Why it's not too late to buy crypto

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GM. There's been a bit of zest and a lot of squeeze in the headlines lately.

Let's twist the cap and see what's inside today's bottle:

🍍 BNB all-time high;

🚀 CeFi + DeFi + AI = ?

🍋 Cheaper money transfers to the Philippines, Rezolve AI buys Smartpay + more

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🧃 Sip by sip

#streak-section#

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🍍 Market flavor today

Fear and Greed Index
Find out more about the Fear & Greed Index here.

 Crypto Market Cap: $4.19T -1.15% (24H)
  Name   Price 24H 7D
Bitcoin Bitcoin BTC $122,384.29 -0.24% 4.44%
Ethereum Ethereum ETH $4,458.70 -2.50% 3.27%
BNB BNB BNB $1,300.54 0.08% 27.67%
XRP XRP XRP $2.87 -1.44% -2.21%
Solana Solana SOL $220.70 -1.81% 0.93%
Prices as of 10:00 AM EST. Click here to see live data.

BNB might as well stand for Buy Now, Bro - cuz the bros really do be buying.

The coin hopped on a rocket and blasted straight to a new all-time high above $1.3K today.

And not only that - it surpassed XRP to become the #3 largest crypto in the world.

BNB price chart from BitDegree, 10-08

Source: BitDegree

Soooo, what's going on?

1/ Memecoins

BNB Chain has recently seen a whole lotta new memecoin projects, which attracted a whole lotta new traders, which made the prices a whole lotta higher.

You'll see that in just a second, in the Memecoin Harvest section: Binance ecosystem-related memecoins are really stealing the show.

Matter of fact, the BNB memecoin launchpad FourMeme has actually outperformed Solana's PumpFun in 24-hour trading volume.

And this whole meme hype, while speculative, has created real on-chain activity that increases BNB's demand, because every transaction on that network requires BNB to pay fees.

CZ's tweet about BNB meme season

Source: @cz_binance

2/ Aster

Then there's Aster - a decentralized exchange (DEX) built on BNB Chain.

Aster supports perpetual futures - contracts that let users speculate on crypto prices without expiration - and offers leverage up to 1,000x. Very risky, but also very attractive to high-risk traders looking for bigger returns.

It gained immediate attention after Binance founder CZ started bullposting about it.

The attention in question:

👉 It became one of the highest fee-earning protocols on BNB Chain ($2.5M in the past day);

👉 Its token, ASTER, increased nearly 3K% in its first week.

Because Aster operates on BNB Chain, every trade and position uses BNB for fees. As Aster’s trading volume grew, so did the network's gas usage.

CZ's tweet about Aster

Source: @cz_binance

3/ Institutional interest

👉 Companies like CEA Industries have begun holding BNB as part of their treasuries;

👉 YZI Labs (a venture capital firm linked to CZ) is launching a $1B fund to support new projects in the BNB ecosystem.

All of these factors have created a rise in demand for BNB = price go up.

Looking ahead, however, the rally might cool off a bit. After such a strong move, it’s normal for prices to wobble as traders take profits.

Plus, memecoin seasons come and go - one viral week can turn into silence the next.

Still, as long as BNB Chain stays busy, the underlying demand for BNB should stay healthy.

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🥝 Memecoin harvest

Degens prayed to the chart gods, and the memes answered 🙏

Data as of 04:50 AM EST.

Check out these memecoins and plenty more here.

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🚀 CeFi + DeFi + AI = Walbi

BitDegree Mission cover: Walbi

Ever wished your exchange had the brains of ChatGPT, the vibes of DeFi, and the convenience of CeFi - all in one?

That's Walbi. And lucky you, BitDegree dropped a Mission where you can learn all about it.

The bad news: the Mission ends in just a few hours.

So, this is your LAST CALL to compete for:

🎁 2,000 Bits;

🎁 Up to 250 USDT rebate voucher;

🎁 A fat 5,000 USDT prize pool.

(Btw, earning those Bits will come in handy if you wanna join the $15K BitDegree Season 8 Airdrop 👀)

So yeah - hop in while there's still time!

Start Mission Now

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🍋 News drops you can't miss

💰 Still overpaying on transfer fees? We found the cheapest ways to send money to the Philippines (and some of them might surprise you).

🧠 Rezolve AI, a public company that builds AI tools for online shopping, bought Smartpay, a fintech that helps businesses accept stablecoin payments. They didn't say how much it cost, but the deal's meant to strengthen Rezolve's work with Tether.

💬 Even though Bitcoin hit new record highs, most investors still aren't in crypto, says Cosmo Jiang from Pantera Capital. He said that the idea that people are "too late" to get in is just not true.

🏙️ BitGo got the approval to operate in Dubai through its MENA branch. The company can now offer digital asset trading and broker services to institutional clients.

🏦 The Bank of England is rethinking its earlier plan to cap how many stablecoins companies can hold. Officials are reportedly looking at possible exceptions for firms that depend on these digital assets to run their businesses.

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🍌 Juicy memes

Meme about taking profits but still being broke

Source: @naiivememe

Meme about your family telling them to buy Bitcoin

Source: @CryptoTea_

Meme about news traders expecting the moon

Source: @naiivememe

Gode S. Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

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