Binance Turns Crisis into Catalyst as BNB Leads Market Rally, Hits New All-Time High
TradingKey – Binance rebounds from recent turmoil, propelling BNB to fresh record highs.
On Monday, October 13, Binance Coin (BNB) not only recovered its previous losses but also set a new all-time high. Over the past 24 hours, BNB surged more than 16%, reaching a peak of $1,358, surpassing its previous high set on October 7.
BNB Price Chart – Source: TradingView.
On October 11, amid escalating U.S.–China trade tensions, BNB followed the broader market in a sharp decline, plunging over 30% from $1,300 to below $900. Just two days later, Binance resolved key issues triggered by the crash and launched new products, helping restore investor confidence and drive BNB’s renewed strength.
During the “10/11 Black Swan” event, assets like USDE, BNSOL, and WBETH on Binance experienced severe depegging, while tokens such as ATOM and IOTX dropped to or near zero. Today, Binance announced it has compensated users with $283 million, clarifying that the “zero price” for certain spot tokens was a display error rather than a liquidity failure.
Meanwhile, Binance Wallet launched its first Prime Sale Pre-TGE for YieldBasis (YB), with an initial fundraising target of 1,918.47 BNB — already oversubscribed by nearly 70x. Binance co-founder He Yi also stated:
“We welcome builders to launch a prediction market on the BNB Chain. YZi Labs will invest.”
This signals Binance’s official entry into the prediction market space, aligning with broader trends in tokenized forecasting platforms and expanding BNB’s utility beyond exchange functions.
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