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PancakeSwap's CAKE, BNB Lead Market as Bitcoin Range Tightens
The move comes as bitcoin has stuttered around $96,000.
Feb 13, 2025, 12:19 p.m.
What to know:
- CAKE has risen by 35% in the past 24 hours and 107% in the past week alongside a spike in trading volume.
- BNB has also experienced upside, surging by 9.3% after a series of tweets from Binance founder Changpeng Zhao.
- Bitcoin trades at $96,200 having remained in a tight range since Feb. 8.
BNB Chain's BNB token and PancakeSwap's CAKE bucked low-volatility market conditions to rally 9.3% and 35% respectively even as bitcoin (BTC), the largest cryptocurrency, remained rangebound at $96,200.
CAKE has more than doubled over the past seven days, a move coinciding with a spike in trading volume, with $1.1 billion being notched in the past 24 hours, according to CoinMarketCap data.
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BNB, meanwhile, flipped Solana's SOL token in terms of market cap following a series of tweets from Binance founder Changpeng Zhao, who hinted at "interacting with memecoins" on the BNB Chain.
The move in BNB and CAKE is correlated because CAKE is the native token of decentralized exchange PancakeSwap, the largest protocol on BNB Chain.
The increase in activity comes as bitcoin experiences a lull. BTC has traded between $95,000 and $98,000 since Feb. 8.
Rangebound price action for BTC typically leads to a rise in activity in alternative cryptocurrencies, or altcoins, because traders tend to look for more speculative bets. In the past 24 hours LIDO, INJ, JTO and HYPE have all gained between 7% and 9%.
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- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
Що варто знати:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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