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Cryptocurrency News Articles

BlockDAG Takes a Broader Strategic Route, Targeting Mainstream Audiences with NBA Teaser

Jun 13, 2025 at 12:59 am

Hyperliquid has gained short-term attention through Binance listing speculation, while Binance Coin shows technical recovery supported by rising usage and revenue.

BlockDAG Takes a Broader Strategic Route, Targeting Mainstream Audiences with NBA Teaser

Hyperliquid (HYPE) has come under the strong attention of the market following a second teaser from Binance hinting at a possible listing of the token. In response to this speculation, there has been a noticeable uptick in trading activity, with the Hyperliquid (HYPE) price seeing a modest rise of approximately 2% within 24 hours.

Furthermore, there has been an increase of around 20% in daily trading volume, indicating heightened interest from both retail and institutional participants. At the same time, the platform’s total value locked has doubled, signaling increased user engagement and liquidity inflow. Hyperliquid operates as a Layer 1 network tailored for high-speed, gasless perpetual trading, which positions it well for scalability and efficiency in a highly competitive space.

Therefore, the recent traction aligns with growing confidence in its infrastructure and performance capabilities. At the same time, Binance’s repeated signals have amplified visibility for the project, contributing to renewed market momentum. As speculation intensifies, anticipation builds around a potential exchange listing, and investor focus has intensified on the Hyperliquid (HYPE) price and its near-term movement.

On the other hand, Binance Coin (BNB) has recently demonstrated a sharp rebound in price, reflecting renewed investor confidence. After a recent dip, the token swiftly recovered from $631 to around $657, showcasing a clear V-shaped reversal. This Binance price recovery is being closely watched, especially as the asset now approaches key resistance levels.

At the same time, the token has obtained support at $631, which acted as a pivot point for technical analysis. Further support is anticipated at $610, a level that the token has tested in the past and could be reached if there is a substantial decline in price.

The rally is being supported by positive on-chain activity. In the second quarter, BNB Chain daily active users increased by 26.4%, reaching 1.2 million. In addition, revenue generated by the network rose by 58%, totaling $70.8 million.

These figures suggest that the network’s growing utility is helping drive the token’s price action, rather than speculative momentum alone.

Macroeconomic data, including U.S. inflation figures, are expected to influence the cryptocurrency market and could play a role in the near-term moves of BNB.

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