BNB Surges 2.71% After Proof of Reserves Report, Staking Program, and Strategic Investments Boost Confidence

BNBUSDT has experienced a 2.71% price increase over the last 24 hours, rising from an open of $767.57 to a current price of $788.40. This upward movement is primarily attributed to positive market sentiment following Binance's August 2025 Proof of Reserves report, which confirmed a BNB reserve ratio of 111.74%, and the launch of a new staking program that has attracted increased investor interest. Additional contributing factors include a recent token burn reducing circulating supply, Nano Labs' investment in a BNB Strategic Reserve Company, and heightened trading activity following regulatory developments.

Currently, BNB is trading at $788.40 with a 24-hour trading volume of $2.35 billion and a market capitalization of approximately $109.25 billion, maintaining its position as a top-five cryptocurrency by market cap. The asset has shown strong support above $730 and faces resistance near $861, with technical indicators reflecting a bullish outlook.