Nano Labs, a well-known entity in the
crypto industry, is reportedly planning to purchase a substantial $1 billion of
Binance Coin (BNB), leading to a surge in the company's stock. Seeking to fortify its position in the lucrative
crypto market, Nano Labs is set to issue $500 million in convertible notes that will secure funds for its BNB treasury. In addition, the corporation is eyeing an acquisition of 5-10% of the BNB supply. This strategic investment is poised to appreciably boost BNB's bullish outlook.
In a bid to extend its technological developments, Nano Labs is eagerly seeking licenses in
Hong Kong for HKD and Offshore RMB stablecoin businesses. Its dedication to
Web 3.0 growth is further illustrated by a significant $500 million investment in Binance Coin. Furthermore, keeping up with present market trends, Nano Labs boosts its Bitcoin holdings by 60% to 1,000 BTC.
On the technology front, Ledger discontinues support for the original
Nano S hardware wallet, inciting various reactions from users. While this move has upset many, Ledger's focus is now on its latest cold wallet,
Nano X, designed to offer maximum crypto coin protection. A review confirms it as an excellent value hardware wallet for 2025.
Lastly,
Coinbase Derivatives has broadened its offering by launching XRP and nano XRP futures contracts. Nano Labs is now accepting Bitcoin payments, standing firm amidst potential policy changes in
China. The company also had noteworthy success rebranding its subsidiary into Nano bit and extending its reach into the Bitcoin ecosystem.
Nano Coin News Analytics from Fri, 07 Apr 2017 07:00:00 GMT to Tue, 01 Jul 2025 19:10:56 GMT -
Rating 4
- Innovation -3
- Information 6
- Rumor 2
