BNB Climbs to New High of $1,000 on Binance DOJ Talks and CZ Return Buzz

BNB Breaks $1,000 as Binance-DOJ Talks and CZ Speculation Boost Momentum

BNB, the native token of the BNB Chain and a popular medium for Binance fee discounts, surged past $1,000 for the first time, surpassing Solana to reclaim the fifth-largest cryptocurrency spot by market capitalization.

The token jumped 4.5% over 24 hours, climbing from $956.80 to an all-time high of $1,004 and pushing its market cap close to $140 billion, according to CoinDesk Research data.

The rally comes amid reports that Binance is negotiating with the U.S. Department of Justice (DOJ) to lift a key compliance requirement from its $4.3 billion 2023 settlement. Since then, Binance has been under a court-appointed monitor for anti-money transmitting violations. A finalized deal could simplify internal reporting, similar to other companies released from oversight.

Investor speculation about co-founder Changpeng Zhao potentially returning, after stepping down under the DOJ settlement, has further fueled market enthusiasm, though no official confirmation exists.

The broader crypto market also advanced following the Federal Reserve’s 25-basis-point rate cut, with the CoinDesk 20 Index rising roughly 3% over 24 hours.

Technical Snapshot
BNB’s rally accelerated after Binance-DOJ news emerged. Trading began near $956, jumped to $994 in just over an hour, and surged past $1,000 in a six-minute spike supported by trading volume eight times the hourly average. Support remains around $983–$988, with new resistance forming near $1,005. BNB has since settled near $998.