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By AI Boost, Francisco Rodrigues
Jun 3, 2025, 2:42 p.m.
- Binance’s BNB has maintained its ascending trajectory after the U.S. Securities and Exchange Commission dismissed its lawsuit against the crypto exchange last week.
- The SEC’s move unlocked previously restricted U.S. dollar deposit features on Binance’s U.S. platform.
- BNB Chain handled $14 billion in daily decentralized exchange volume, surpassing Ethereum and Solana combined.
Binance’s BNB token climbedTuesday on the back of the U.S. Securities and Exchange Commission dismissing its long-running lawsuit against the crypto exchange last week.
The token jumped from $650.28 to $673.70, a 3.6% rise, before entering a period of sideways trading and a short correction that saw it drop back down to the $665 level.
STORY CONTINUES BELOW
The SEC’s move helped unlock previously restricted U.S. dollar deposit features, including ACH bank transfers, marking a partial restoration of Binance’s fiat channels on its U.S. platform.
The timing added fuel to BNB’s rally, which came amid wider global financial unease, including shifting trade policy and rising macroeconomic uncertainty.
Meanwhile, on-chain data showed BNB Chain handling $14 billion in daily decentralized exchange (DEX) volume, surpassing Ethereum and Solana combined. That scale of activity suggests BNB Chain remains a crucial venue for crypto trading despite regulatory scrutiny.
On the technical side, BNB showed strong accumulation patterns, according to CoinDesk Research’s technical analysis data model.
Price action formed an ascending channel, briefly peaking near $673.70 before pulling back to consolidate above the psychologically important $665 level.
A sharp volume spike around 01:00 and renewed buying near $665.32 helped stabilize the token’s price, indicating buyer interest at those levels.
If support continues to hold, traders may interpret the move as the beginning of a longer bullish trend—especially now that some regulatory overhang has been lifted.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk’s $1,000 disclosure threshold.
