BNB Reaches New High Above $1,000 After Kazakhstan Invests

Binance’s native token BNB surged above the $1,000 threshold Tuesday following Kazakhstan’s launch of a state-backed crypto reserve, marking a major step towards institutional cryptocurrency investment. The fund, backed by Binance Kazakhstan, selected BNB as its inaugural digital asset, demonstrating trust in the ecosystem and boosting BNB’s price. This follows last week’s market correction that briefly pushed BNB below $1,000 but failed to derail the token’s upward trajectory.