Binance’s BNB token climbed to a record $900 on Friday, extending a week-long rally that has seen the digital asset repeatedly break through successive all-time highs from $871 to $894 before breaching the psychologically important $900 mark. The latest surge followed news that Hong Kong-listed investment bank China Renaissance signed a strategic memorandum with crypto advisory firm YZi Labs to allocate about $100 million to BNB. The partnership aims to make China Renaissance the first company on the Hong Kong exchange to hold BNB as a proprietary digital asset and to promote listings of BNB-linked products on regulated venues. The bullish sentiment contrasted with developments in the United States, where Nasdaq said it will delist Pennsylvania-based Windtree Therapeutics on 21 August for failing to keep its share price above the $1 threshold set by Rule 5550(a)(2). Windtree, which had styled itself the “BNB micro-strategy,” disclosed last month that it intended to buy as much as $700 million of the token, but the pivot failed to lift its stock, which has fallen to about 11 cents. The delisting underscores the divergent fortunes of companies tying their balance sheets to crypto assets even as BNB itself rallies to new highs.