Why Is BNB Climbing?

The U.S. Securities and Exchange Commission has moved to drop its lawsuit against Binance last week. The BNB token has since climbed as high as nearly $690. Meanwhile, on-chain data shows that BNB Chain handled $14 billion in daily decentralized exchange volume, surpassing Ethereum and Solana combined. CoinDesk’s Jennifer Sanasie breaks it down on “Chart of the Day,” presented by crypto.com.