XTZ Token Surges 46% as Binance Launches Soft Staking and US Crypto Legislation Boosts Volume

Tezos (XTZUSDT) experienced a significant price increase of 46.37% over the last 24 hours on Binance, rising from 0.7009 to 1.0259. This sharp upward movement is primarily attributed to a combination of factors: the launch of XTZ soft staking on Binance, which allows users to earn staking rewards without locking their tokens, and a broader bullish breakout noted by analysts as XTZ maintained levels above key support at $0.80. Additionally, heightened trading activity followed recent US regulatory developments, including progress on cryptocurrency legislation in the House of Representatives, which has contributed to increased market optimism and trading volumes. The 24-hour trading volume for XTZ/USDT on Binance exceeded $95 million, with overall market capitalization for Tezos estimated between $1.04 billion and $1.09 billion, reflecting strong volatility and renewed investor interest.