Key Insights:
- RAKBANK, one of the top banks in the UAE, is now offering its customers direct exposure to BNB price.
- BNB risks a major liquidation event after violating divergence.
- BNB achieves record speeds after Maxwell upgrade.
Binance’s former CEO CZ just confirmed that UAE residents can now access BNB coin directly through RAKBANK. The latter is one of the top banks in the region.
CZ’s confirmation came barely 24 hours after the BNB price achieved a new ATH. Initial reports revealed that BNB was one of the 8 coins that are now available for trading on RAKBANK’s recently launched crypto trading app.
The development underscored the rapid pace at which traditional finance institutions have been embracing crypto companies. Moreover, this development was a nod to the UAE’s softening approach to digital currencies.
The news also meant that BNB will now be accessible to RAKBANK clients. This includes its institutional clientele. The cryptocurrency’s accessibility through a major bank in the region was also a form of validation.
For the BNB coin, the development may unlock robust liquidity inflows as investors rush to secure some crypto exposure.
BNB Price Evaded a Divergence-induced Pullback, but Risk Remains
BNB price formed a bearish divergence pattern with its RSI between late July and mid-August. However, weak bearish activity resulted in more upside, and as a consequence, the price pushed into a new ATH on Thursday.
Moreover, the recent positive developments around BNB appeared to be aimed at attracting more retail activity. Consequently, bullish sentiment around the BNB coin was on the rise both on the spot and derivatives segments.
BNB open interest almost retested its historic top after rallying as high as $1.56 billion on Thursday. This spike in open interest confirmed rising expectations among derivatives traders.
However, the same RSI demonstrated declining bullish strength, which may eventually pave the way for some downside. An unexpected sizable pullback may thus lead to a liquidation surge.
A look at whale order books revealed a rather subdued situation. This was largely due to the uncertainty around macroeconomic news this week, especially Jerome Powell’s Jackson Hole speech.
Positive news from Powell in Wyoming may make it easier for BNB bulls to push into 4-digit price levels. A contrarian outcome may set the pace for a significant retracement. It was, however, worth noting that BNB price has recently been strong enough to overcome short-term uncertainty and push into a new ATH.
Meanwhile, the favorable developments also underscored long-term upside potential. This means BNB might soon rally above the $1,000 price tag. However, it was also important to note that volatility is often to be expected when prices approach a major milestone.
BNB Chain is Ready for AI and Mass Adoption
Messari just released its Q2 update for the BNB chain, which revealed some interesting details about the network’s Maxwell hardfork. This was an upgrade implemented in Q2 2025.
The upgrade allowed the network to achieve transaction finality in under a second. The update revealed that such speeds meant that BNB chain was ready for AI-integrated applications.
BNB chain’s impressive speeds could be a huge advantage, especially as the world moves towards mass adoption. Institutions will likely be more attracted to the fastest blockchains. Interestingly, BNB chain ranked highly in the list of the fastest blockchains.
The Q2 update also revealed how the network performed in key metrics. This included a 101% uptick in daily transactions, a 90% rise in blockchain production rate, hence faster speeds, and a 46% surge in stablecoin liquidity.
In summary, BNB Chain has been positioning itself for mass adoption. This means BNB price action might be headed for more interesting times ahead.
Source: https://www.thecoinrepublic.com/2025/08/23/bnb-price-set-to-benefit-from-more-liquidity-injection-from-the-uae-through-rakbank/