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BNB Price Surges 7% As Binance Names Co-Founder Yi He As Co-CEO Alongside Richard Teng
The BNB price surged 7% over the past 24 hours to trade at $899.91 as of 5:03 a.m. EST, with trading volume rising 15% to $2.1 billion.
That comes as Binance appointed its co-founder, Yi He, as Co-CEO, marking a new stage in the company’s ongoing leadership transition and signaling a broader redistribution of executive responsibilities.
The current change places Yi He alongside CEO Richard Teng, who has been leading the firm’s regulatory and operational direction over the past year. Teng said He “has been an integral part of the executive leadership team since the launch of Binance,” calling the appointment “a natural progression.” @Yi He
retracement structure, settling into the 0.786 Fibonacci level near $867, an area that aligns closely with the long-term 200-day SMA. The price of BNB trading in this range has allowed bulls to enter a stabilization phase, with BNB currently hovering just above the 200-day SMA ($855).
Following the bulls’ defensive move, the price of Binance Coin is now testing the area just below the 50-day SMA at $985, which serves as the nearest short-term resistance.
Meanwhile, the Relative Strength Index (RSI) has also turned positive, currently sitting around 48 and slowly climbing toward the midline. This shift suggests that buyers are currently gaining momentum. Although not yet in bullish territory, an RSI push above 50 would strengthen the case for a recovery.
@Richard Teng
The BNB price surged 7% over the past 24 hours to trade at $899.91 as of 5:03 a.m. EST, with trading volume rising 15% to $2.1 billion.
That comes as Binance appointed its co-founder, Yi He, as Co-CEO, marking a new stage in the company’s ongoing leadership transition and signaling a broader redistribution of executive responsibilities.
The current change places Yi He alongside CEO Richard Teng, who has been leading the firm’s regulatory and operational direction over the past year. Teng said He “has been an integral part of the executive leadership team since the launch of Binance,” calling the appointment “a natural progression.” @Yi He
retracement structure, settling into the 0.786 Fibonacci level near $867, an area that aligns closely with the long-term 200-day SMA. The price of BNB trading in this range has allowed bulls to enter a stabilization phase, with BNB currently hovering just above the 200-day SMA ($855).
Following the bulls’ defensive move, the price of Binance Coin is now testing the area just below the 50-day SMA at $985, which serves as the nearest short-term resistance.
Meanwhile, the Relative Strength Index (RSI) has also turned positive, currently sitting around 48 and slowly climbing toward the midline. This shift suggests that buyers are currently gaining momentum. Although not yet in bullish territory, an RSI push above 50 would strengthen the case for a recovery.
@Richard Teng
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I won't give up. I'll keep Hodl to it. 😂
$PIPPIN #Pippin
$PIPPIN #Pippin
What do you think the position will be? $PIPPIN #Pippin
{future}(PIPPINUSDT)
{future}(PIPPINUSDT)
nahhh 😂
Mark My Post! if $PIPPIN didnt Hit 0.04$ in few Hours Im gonna delete my account!
hahajja 😂
Oh gosh, I have nothing left anymore 😭
I lost in one day what you would earn in 100 years.
Short $PIPPIN
I lost in one day what you would earn in 100 years.
Short $PIPPIN
$SAHARA experienced a drop of over 50% within 5 minutes.
US PRESIDENT TRUMP:
-I will permanently halt immigration from all Third World countries.
-I will deport anyone who is not a net gain for the US or who does not love our country.
- I will end all federal aid and subsidies for non-citizens.
- I will revoke the citizenship of immigrants who disrupt domestic peace.
- I will deport all foreign nationals who are a public burden, pose a security risk, or are incompatible with Western civilisation.
-I will permanently halt immigration from all Third World countries.
-I will deport anyone who is not a net gain for the US or who does not love our country.
- I will end all federal aid and subsidies for non-citizens.
- I will revoke the citizenship of immigrants who disrupt domestic peace.
- I will deport all foreign nationals who are a public burden, pose a security risk, or are incompatible with Western civilisation.
Trump: All airspace over and around Venezuela will be completely closed.
A 26-year-old biology teacher and father of three children in Adana, Turkey, lost 2,000,000 Turkish lira (47.000$ ) in leveraged trading.
Arthur Hayes maintains his year-end target for BTC at $250,000
On this week's Milk Road Show programme, Arthur Hayes stated that the recent decline and subsequent recovery have further strengthened his bullish outlook for BTC.
Hayes' main arguments:
- The majority of the money entering BlackRock's IBIT fund is not genuine new inflows, but rather consists of basis trade transactions
- The unwinding of institutional leverage is nearly complete
- USD liquidity has bottomed out, QT (quantitative tightening) is nearing its end
- Interest rate cut expectations are rising → this is paving the way for the next upward movement
On this week's Milk Road Show programme, Arthur Hayes stated that the recent decline and subsequent recovery have further strengthened his bullish outlook for BTC.
Hayes' main arguments:
- The majority of the money entering BlackRock's IBIT fund is not genuine new inflows, but rather consists of basis trade transactions
- The unwinding of institutional leverage is nearly complete
- USD liquidity has bottomed out, QT (quantitative tightening) is nearing its end
- Interest rate cut expectations are rising → this is paving the way for the next upward movement
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