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Binance Coin BNB breaks $700, hits new all-time high, and outperforms global businesses

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Binance Coin (BNB) pushed beyond the $700 critical barrier on Wednesday, setting a new record high of $709, representing an almost 13% rise in the last 24 hours, according to CoinGecko.BNB reaches a new all-time high on June 5.
BNB's market value has exceeded $110 billion, putting it ahead of big players such as UBS, Dell, and Starbucks.

BNB trailed behind other cryptocurrencies during the 2024 bull run, most likely owing to Binance's legal difficulties. The corporation confronts issues in a number of jurisdictions, including Nigeria, the Philippines, and the United States.

Binance settled with the DOJ and the CFTC for $4.3 billion in November of last year. Changpeng Zhao, the company's founder, pled guilty to breaking US anti-money laundering rules and resigned as CEO.

The deal ended long-running US investigations into Binance over issues like sanctions violations. However, it appeared that the dust had not completely settled until Zhao reportedly started serving his four-month term last weekend.
Regulatory problems and the dominance of other crypto assets have kept BNB from mirroring Bitcoin and Ethereum's recent gains. Despite past challenges, BNB has surged nearly $100 in the past day.
The bullish momentum seems ready to resume in the crypto market after a period of stagnation post-halving. Bitcoin (BTC) reclaimed the $71,000 mark on Tuesday. Other major cryptocurrencies like Toncoin (TON), Uniswap (UNI), and Floki Inu (FLOKI) also experienced major gains, with FLOKI skyrocketing by 30% in the last 24 hours.

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