$BNB Cryptocurrency prices experienced a strong surge during trading on Friday, led by Bitcoin, which reached an unprecedented new record level.

The "YZ Labs" office, affiliated with "Changpeng Zhao" and "Yi He", the founders of the cryptocurrency exchange "Binance", announced its support for "10X Capital" in its plans to establish a new entity that will be listed in the American market.

The office stated that the new company plans to primarily focus on investing in the "BNB" currency associated with the "Binance" platform.

"10X" issued a statement saying that the "YZ" office, which manages assets worth 10 billion dollars, will contribute to supporting the formation of a specialized asset management company that invests in the "BNB" currency, but it did not mention any details regarding the agreement.

In terms of trading, the price of the cryptocurrency Bitcoin jumped by 4.92% to reach $116,546, its highest level ever.

The market cap of the world's most popular cryptocurrency increased to 2.32 trillion dollars, while its trading volume over the last 24 hours rose to 99.57 billion dollars.

On a weekly basis, Bitcoin managed to add about 6.81% to its value.

As for the prices of other cryptocurrencies, the price of Ethereum rose by 6.58% to $2,959, while the price of Binance Coin increased by approximately 2.83% to reach $689.

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