BNB traded at $572, up 1.02%, making it the top gainer among the ten largest cryptocurrencies by market cap on July 30. The move follows Binance's announcement that it will seek approval from the CFTC to launch a prediction-market platform, while the broader crypto market traded mixed after the Federal Reserve held rates steady.
BNB changed hands at $572, up 1.02%. That made it the top gainer among the top ten largest cryptos by market cap on July 30.
The gain follows Binance's announcement that it will seek approval from the CFTC to launch a predictions market platform. The platform would rival Coinbase, Robinhood, Kalshi and Polymarket.
Elsewhere, Bitcoin and Ethereum posted slight gains while XRP and Dogecoin dropped, leaving the broader market mixed. The moves came a day after the Federal Reserve left interest rates unchanged at its July 29 meeting. Fed Chair Kevin Warsh reiterated that inflation remains above the Fed's 2% target, fueling speculation of a rate hike later this year.
Traders now see a 63% chance the Fed raises rates by 25 basis points at its September meeting, according to the CME FedWatch Tool.
Source: CoinGape
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