Bitcoin Yield Engine Project Draws Big Names Amid Binance Price Surge
BlackRock and Binance are among several companies that have converged on a project called Bitcoin Yield Engine. However, their partner LBTC stands apart from the rest.
Binance's own cryptocurrency, BNB, has reached new heights after briefly surpassing $800 per coin before dipping by 2% in the past few hours.
Separately, Binance acquired a $100 million stake in Circle through a private placement and signed a five-year commercial agreement. The deal includes purchasing 1.24 million shares at $80.84 each.