Binance Coin rallies past $1,290, overtaking XRP to rank third globally as traders favor utility-driven assets.
Bitcoin ETFs record $1.18 billion inflows while Standard Chartered projects a $1 trillion bank-to-stablecoin migration.
Japan’s Lib Work invests $3.3 million in BTC, Opendoor prepares for crypto home payments, and Ethereum ETFs now hold 10% of the supply.
The cryptocurrency market continues to deliver major headlines, from Binance Coin (BNB) reclaiming its spot as the third-largest cryptocurrency to soaring Bitcoin ETF inflows. Now, Japan's real estate industry is entering the crypto economy, while institutional accumulation of Ethereum is growing, further typifying an increased presence of digital assets in mainstream finance.
Binance Coin (BNB) has surpassed XRP to become the third-largest cryptocurrency by market capitalization, fueled by a powerful rally that sent prices to a new all-time high at $1,299.
At the press time, BNB is trading at $1,298.28, up 6.41% in the last 24 hours and over 28% in the past week, pushing its market capitalization to $179.8 billion, slightly ahead of XRP’s $180.69 billion.
BNB's daily chart shows a steady uptrend since the end of August, with RSI soaring to 78 in the overbought zone. Still, bulls continue to dominate.
Meanwhile, XRP struggles to hold the $2.97 level, with the RSI hovering around 52 in neutral territory. Analysts indicate this rotation reflects a broader market shift toward projects with stronger utility and exchange integration, thus cementing BNB's presence in the decentralized finance and trading ecosystems.
On Monday, Bitcoin ETFs attracted $1.18 billion in inflows, the second-largest daily total ever, as Bitcoin touched a new high above $126,000 before easing slightly.
Data from Farside Investors showed that October’s inflows have already reached $3.47 billion within the first four trading days. iShares Bitcoin Trust, managed by BlackRock, saw fresh investments of $970 million, with total assets reaching a valuation of $100 billion.
Analysts view this spike in investments as part of the ongoing “debasement trade,” where investors are rushing towards non-sovereign assets, such as Bitcoin and gold, amid the US government shutdown and impending monetary easing.
Bitcoin remains steady above $124,500, buoyed by strong institutional accumulation.
Standard Chartered warned that up to $1 trillion could be withdrawn from emerging-market banks over the next three years as savers shift deposits into stablecoins.
Analysts Geoffrey Kendrick and Madhur Jha describe the tokens as “digital dollar accounts” offering accessibility and safety that local currencies often lack.
The report projects that the global stablecoin market will reach $2 trillion by 2028, with two-thirds of its holdings consisting of emerging countries, including Egypt, Pakistan, India, and Brazil.
The outflow presents risks for traditional banks; however, according to the research, financial institutions or banks could be allowed to serve as custodians or settlement agents for the new blockchain-based payment systems.
Governments are responding with CBDC pilots and instant payment upgrades, indicating a structural shift toward tokenized finance.
Japan’s Lib Work, a Tokyo-listed real estate technology firm, has purchased 29.64 Bitcoin worth $3.3 million, marking its first direct entry into digital assets. The acquisition aligns with the company’s strategic plan to integrate cryptocurrency and NFT-linked real estate into its business model.
Lib Work, known for its NFT-based housing projects and 3D-printed homes, said its Bitcoin holdings are managed through SBI VC Trade, a regulated domestic exchange. The firm also plans to accept Bitcoin for property transactions, linking blockchain with homeownership.
Following the announcement, Lib Work’s stock climbed 1.93% on the Tokyo Stock Exchange, extending a 28% gain over the past six months.
US real-estate giant Opendoor Technologies announced plans to accept Bitcoin and other cryptocurrencies for home purchases, marking a new milestone for blockchain adoption in property transactions.
CEO Kaz Nejatian confirmed the initiative on X, sending Opendoor’s shares up 14.5 % to $9.29. With operations across 44 US markets and a market capitalization of $6.2 billion, the company aims to integrate cryptocurrency payments into its digital platform.
Opendoor’s move mirrors a global trend: UAE-based RAK Properties recently began accepting Bitcoin, Ether, and USDT for real-estate purchases under its Vision 2030 diversification plan.
Institutional adoption of the Ethereum (ETH) continues to accelerate. According to StrategicETHReserve data, the amounts held by corporate treasuries and spot ETFs now aggregate to 12.48 million ETH (10.31% of the total supply).
Treasuries account for 5.66 million ETH, with the balance held by ETFs collectively holding 6.81 million ETH. The accumulation is a reflection of Ethereum's growing appeal as a yield-generating asset and the increasing institutionalization of its ecosystem.
US spot Ether ETFs recorded net inflows of $621 million in October, more than twice that of September, signaling renewed investor confidence. Companies like SharpLink and BitMine have added ETH to their balance sheets, with SharpLink having reported over $900 million in unrealized gains since June.
Also Read: Ethereum Price Could Reach $6,500 by November: Top ETH Tokens with 1500% Gains
1. Why did Binance Coin overtake XRP in market capitalization?
BNB’s strong DeFi utility, exchange integration, and a 28% weekly surge helped it surpass XRP despite overbought signals.
2. What drove the $1.18 billion Bitcoin ETF inflows?
Institutional investors increased their exposure amid the US government shutdown and speculation about the Fed's rate cut, boosting safe-haven demand.
3. What does Standard Chartered’s $1 trillion stablecoin forecast imply?
It suggests deposit flight from emerging-market banks as savers adopt stablecoins as digital dollar accounts for stability and liquidity.
4. How are real estate companies adopting cryptocurrency?
Japan’s Lib Work purchased $3.3 million in BTC for NFT-linked housing, and US-based Opendoor plans to integrate Bitcoin payments for homes across 44 markets.
5. Why are Ethereum ETF holdings significant?
With 12.48 million ETH, over 10% of the total supply held by ETFs and treasuries, it marks the deeper institutionalization of Ethereum’s ecosystem.