Binance Coin (BNB) is trading at approximately $653.94 USD, reflecting a slight decline of about 0.77% over the past 24 hours. This positions BNB as the 5th largest cryptocurrency by market capitalisation, with a market cap of around $92.13 billion.

Recent Developments

VanEck Launches Tokenized US Treasury Fund: On May 13, 2025, investment firm VanEck introduced its first tokenized fund, the VanEck Treasury Fund (VBILL), in partnership with Securitize. This fund is available on Ethereum, Solana, and BNB chains, potentially enhancing BNB's utility in decentralized finance.

Market Movements: Recent reports indicate that BNB, along with Ethereum and Dogecoin, experienced notable price drops, while XRP saw a surge of 3%.