Binance Coin Flips XRP and USDT, Enters Crypto’s Top 3

Core Insights - Binance Coin (BNB) has surged 7%, reaching new all-time highs above $1,300, with a market cap of $183 billion, making it the third largest cryptocurrency, surpassing Ripple and Tether [1][2][8] Market Performance - BNB has shown a remarkable 52% increase in the past month, adding $60 billion to its market cap [2] - The broader crypto market is gaining momentum, particularly following the U.S. government shutdown, with Binance Smart Chain leading in 24-hour fees at $2.48 million and DEX volume at $4.14 billion [3] User Engagement - BNB Chain reported a record 58 million monthly active addresses, surpassing Solana's 38.3 million, driven by increased activity on Aster, which saw its total value locked rise over 500% to $2.4 billion [4] Strategic Developments - The price rally coincides with BNB Chain's partnership with Chainlink to bring U.S. economic data on-chain, enhancing the ecosystem for next-generation applications [5] Trading Activity - Daily trading volumes for BNB surged 65% to $7.93 billion, indicating strong bullish sentiment, with futures open interest increasing by 12.8% to over $3.11 billion [6] - Liquidations in the last 24 hours reached $20 million, primarily from short positions [6] Analyst Outlook - Analysts are optimistic about BNB's momentum, with a target price of $1,520.8, suggesting it could be a leading performer in the upcoming altcoin season [7]