Binance’s BNB Token Pares Slump That Spread Angst Across Crypto

The native token of Binance, crypto’s largest exchange, has snapped a slide that stoked nervousness among digital-asset investors.

BNB has gained about 8.5% over the past two days to $243, whereas an index of the largest 100 coins is little changed, data compiled by Bloomberg shows.

The token sank about 25% from June 5 through June 12 — hitting the lowest level since 2022 — after the US Securities and Exchange Commission sued Binance Holdings Ltd. and founder Changpeng Zhao for rule breaches.

The agency also said BNB is one of a raft of unregistered securities in the digital-asset sector. ...