Binance Coin (BNB) Hits New ATH, Flips XRP as MetaMask Unveils $30M Rewards
Crypto markets have seen significant movements this week. Binance Coin (BNB) reached a new all-time high (ATH), flipping XRP to secure the third position in market cap. Meanwhile, MetaMask, a popular Web3 wallet, announced a substantial rewards program worth $30 million in LINEA tokens.
BNB soared to a new ATH of $1,300, surpassing XRP's market cap and solidifying its position as the third-largest cryptocurrency. This comes after BNB hit another ATH at $1,290, flipping XRP earlier in the week. The crypto market has been bullish, with Bitcoin (BTC) also making a new ATH at $125,950 on Monday and trading around $124,500 at press time.
MetaMask, a product of ConsenSys, has launched its Rewards Season 1. The program will distribute over $30 million in LINEA tokens to users. This follows the announcement of an incoming MetaMask token with its own rewards program. The company's influence in the crypto space is evident, with its stock (BMNR) popping 12% after disclosing significant holdings in Ethereum (ETH) and cash.
In other news, Grayscale has launched ETH ETF staking, a major first for the crypto industry. Polymarket, a decentralized prediction market, is nearing a $2 billion investment from the New York Stock Exchange (NYSE) and plans to partner on tokenization.
The crypto market continues to witness remarkable growth and innovation. BNB's new ATH and MetaMask's substantial rewards program are just two examples of the recent developments. As Bitcoin and other major cryptocurrencies reach new highs, the industry looks set to maintain its bullish momentum.
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