XTZ Token Soars 40.5% on Binance as Tezos Layer 2 Expansion and U.S. Crypto Bill Fuel Rally

Tezos (XTZ) experienced a significant price surge in the last 24 hours, with the XTZUSDT pair on Binance rising 40.50% from an open of 0.6955 to a current price of 0.9772. This sharp increase is attributed to a combination of factors: a technical breakout noted by analysts, heightened market activity following the introduction of tokenized assets on Tezos Layer 2 via Midas joining Etherlink, and broader optimism in the crypto sector after the U.S. House of Representatives advanced a cryptocurrency regulatory bill. The surge in trading volume, with Binance reporting 110.96 million USDT in 24-hour volume, reflects intensified interest and participation. Tezos has outperformed the broader crypto market over the past week, with its market capitalization now around $1.05 billion and a circulating supply of approximately 1.1 billion XTZ, while technical indicators suggest neutral to bullish short-term momentum.