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BNB Climbs as Crypto Markets Rebound on Potential Fed Policy Shift
Yahoo Finance 2025-10-20 12:24
Core Insights - BNB, the native token of the BNB Chain, experienced a 1.4% increase in the last 24 hours, despite significant price fluctuations within a 7% range during a high-volume trading session [1][2] Market Context - The rise in BNB coincided with a broader rally in risk assets, including a 2.6% increase in Bitcoin and a 2.5% rise in the wider crypto market, influenced by U.S. President Donald Trump's softened tariff stance and potential easing of the Federal Reserve's quantitative tightening [2][5] - Traders are anticipating a 25 basis-point interest rate cut from the Federal Reserve this month, while easing trade tensions between the U.S. and China have contributed to increased risk appetite [5] Trading Activity - BNB opened at approximately $1,077, peaked at $1,144, and then retraced to around $1,122, indicating a pullback due to waning momentum [3] - Trading volume surged to 128,847 tokens, nearly double the 24-hour average, reflecting heightened market activity [3] Developments in Token Support - Coinbase has added BNB to its list of assets under review for full platform support as part of its "Blue Carpet" initiative aimed at expanding retail access to more tokens [4] - China Merchants Bank International (CMBI) has tokenized its U.S. dollar money market fund on the BNB Chain, issuing two tokens for accredited investors [4]
BNB Outperforms Wide Market on Growing RWA Adoption, Potential Coinbase Listing
Yahoo Finance 2025-10-18 16:03
Core Insights - The native token of the BNB Chain, BNB, experienced a price increase of over 3% in the last 24 hours, driven by institutional momentum and strategic selling [1] - BNB's price rose from $1,056 to $1,087, reaching a peak of $1,131 before a slight pullback, outperforming the broader crypto market which rose by 2.43% [1] - Trading volume surged to 204,000 tokens, nearly three times the daily average, indicating strong market participation [2] Adoption and Developments - Coinbase has added BNB to its list of assets for potential full platform support as part of its new "Blue Carpet" initiative [2] - China Merchants Bank International (CMBI) has tokenized its USD money market fund on the BNB Chain, issuing two tokens for accredited investors [3] - BNB Chain achieved a milestone with over 3.6 million daily active addresses, the highest in its history [3] Corporate Activity - Corporate accumulation is on the rise, with China Renaissance planning a $600 million investment to build a BNB-focused treasury [4] - Despite recent gains, BNB remains 17% below its all-time high of $1,370, with notable volatility reflected in a $79 intraday spread range [4]
X @BNB Chain
BNB Chain 2025-10-15 19:00
Onchain Finance Adoption - Institutional finance is increasingly adopting onchain solutions, choosing BNB Chain as a platform [1] - CMB International, a subsidiary of China Merchants Bank, has launched its $3.8 billion Money Market Fund on BNB Chain [1] Tokenization - The $3.8 billion Money Market Fund is represented by the CMBMINT and CMBIMINT tokens [1] Industry Implication - This move signifies the growing importance of blockchain technology in traditional finance [1]
China Merchants Bank Subsidiary Brings $3.8B Institutional Fund to BNB Chain
Yahoo Finance 2025-10-15 12:18
Core Insights - CMB International (CMBIAM) has launched a $3.8 billion USD Money Market Fund on BNB Chain, represented by CMBMINT and CMBIMINT tokens, supported by DigiFT and OnChain [1][8] - The fund has been ranked 1 among Asia-Pacific peers by Bloomberg as of October 2025 and focuses on USD-denominated short-term deposits and high-quality money market instruments [1][2] Fund Performance - Since its inception in 2024, the fund has maintained consistent returns [2] Institutional Access and Blockchain Efficiency - Accredited investors can subscribe to the tokenized fund using fiat or stablecoins, with real-time redemption managed by proprietary liquidity management smart contracts from DigiFT [3] - The partnership allows CMBIAM to leverage BNB Chain's infrastructure to reach a broader global investor base securely and compliantly [4] Industry Trends - The launch is part of a broader trend of traditional financial products transitioning on-chain, following other major financial institutions that have adopted tokenization on BNB Chain [5] - BNB Chain is expanding its involvement with tokenized equities and has joined an alliance with Ondo's RWA platform to enhance access to tokenized stocks and real-world assets [6] Ecosystem Support - BNB Chain has taken steps to support users amid market volatility, including a $45 million airdrop to meme coin traders and a $300 million recovery initiative for traders affected by liquidations [7] Future Utility - The introduction of the CMBIAM fund adds a regulated, high-value real-world asset to BNB Chain, paving the way for new DeFi utility through planned integrations with protocols like Venus Protocol and ListaDAO [6][8]
X @CZ 馃敹 BNB
CZ 馃敹 BNB 2025-10-15 11:48
鎷涘晢+BNBBNB Chain (@BNBCHAIN):CMB International, a subsidiary of China Merchants Bank, has launched its $3.8B Money Market Fund on BNB Chain, represented by the CMBMINT and CMBIMINT tokens.Here鈥檚 why this matters 馃У馃憞 https://t.co/Cqw7uoqsX0 ...
X @mert | helius.dev
mert | helius.dev 2025-08-13 10:56
Industry Significance - A leading Asian asset manager, CMB International, has tokenized its HK鈥揝ingapore Mutual Recognition Fund on Solana as CMBMINT [1] - This marks the first global public fund on the Solana blockchain, holding significant importance in the Asian financial market [1] - The event signifies the emergence of internet capital markets on Solana [1] Collaboration - The tokenization was supported by DigiFT and OnChain [1]
X @Solana
Solana 2025-08-13 00:47
Key Highlights - CMB International, a leading Asian asset manager, has tokenized its HK鈥揝ingapore Mutual Recognition Fund on Solana as CMBMINT [1] - This marks the first Solana-based public fund globally, holding significant importance in the Asian financial market [1] - The fund was tokenized with the support of DigiFT and OnChain [1] Industry Significance - The tokenization of the fund signifies the emergence of internet capital markets on Solana [1]