BNB News Today: SEC Delays Solana ETF as BNB Hits All-Time High and BlockDAG Presale Rises

Solana (SOL) remains above critical support at $180 as the U.S. Securities and Exchange Commission (SEC) delays its decision on Grayscale's Solana ETF to October 10, 2025The Market Periodical^[1]. The technical outlook for SOL remains bullish, with price action breaking out of a falling wedge pattern and forming an inverse head and shoulders structure, suggesting a potential target of $260The Market Periodical^[1]. While the asset briefly touched $209 in late AugustCrypto News^[3], recent volatility has pushed it to $208 as of late September, with analysts emphasizing the importance of maintaining above $200 to reinforce bullish momentumCrypto Economy^[7]. The extended ETF review process mirrors the SEC's cautious approach to crypto products, though market sentiment has surged, with Polymarket traders assigning a 99% probability to ETF approval by year-endThe Market Periodical^[1].

Binance Coin (BNB) has surged to a new all-time high of $1,256, driven by institutional adoption and Kazakhstan's Alem Crypto Fund, which allocated a portion of its $1 billion state-backed digital asset reserve to BNB99Bitcoins^[4]. The token has gained 74% year-to-date, with a 20% monthly increase, and technical indicators point to further upside. On-chain data shows BNB Chain's monthly active addresses reaching 60 million, a 200% year-over-year increase, while Total Value Locked (TVL) hit $8.69 billion, the highest since May 2022Coin Journal^[6]. Analysts project a potential rally to $1,500–$2,000 if the price sustains above $1,000, with institutional interest from Applied DNA Sciences-raising $58 million to build a BNB treasury-further underpinning demandFX Leaders^[5].

Meanwhile, BlockDAG (BDAG) has captured attention with its $420 million presale, positioning it as one of 2025's fastest-growing crypto projects. The Layer-1 platform, which utilizes a DAG-plus-Proof-of-Work model, has sold 26.5 billion tokens across 31 batches, with current entry at $0.0015 and a confirmed listing price of $0.05, offering a 30x return potentialThe CC Press^[10]. Over 3 million mobile miners and 20,000 X-Series hardware devices have been activated globally, while a partnership with the BWT Alpine Formula 1 team has amplified its mainstream visibility. The project's Awakening Testnet, capable of 1,400 transactions per second, and CertiK verification add credibility, distinguishing it from speculative presales.

The interplay between regulatory developments and market fundamentals continues to shape crypto narratives. For Solana, the ETF approval timeline remains a key catalyst, with delayed decisions heightening uncertaintyCoinDesk^[2]. BNB's institutional adoption and Kazakhstan's strategic investment highlight the growing role of governments in crypto ecosystems99Bitcoins^[4]. BlockDAG's presale success, meanwhile, underscores the appeal of projects combining tangible infrastructure with mainstream partnerships.