BNB Market Cap Tops $104.95B, Surpassing Bank of New York Mellon

This is a symbolic crossover, not a functional one: a token's market value now exceeds that of a centuries-old custody bank, but the comparison says more about how crypto assets are ranked against equities than about relative economic weight. It matters for narrative, giving BNB holders a headline that frames the token alongside traditional finance, and for how allocators benchmarking against global asset lists perceive crypto's scale. The open question is whether such crossovers keep happening as token market caps and bank valuations diverge, or whether this proves a snapshot of a particular moment.