Nano Labs is embracing an aggressive cryptocurrency strategy, particularly focusing on the Binance Coin (BNB). A series of remarkable moves underscore this, including a billion-dollar plan to buy and potentially hold up to 10% of the Binance Coin (BNB) supply. In its first move, the firm invested and secured $50 million. This drastic shift in strategy has been observed to boost
Nano Labs' BNB holdings, much of it done through direct over-the-counter purchases. These moves have positioned
Nano Labs as a major institutional backer for the coin and have adjacent consequences on BNB's value. Having received approval from the Kyrgyz Republic, the company also plans to introduce CNH-pegged stablecoins to enhance cross-border trade. This project can potentially revolutionize how Binance Coin is perceived and used at the institutional level. Furthermore, the firm plans to enter the stablecoin market following Hong Kong's crypto regulation, targeting dual-currency offerings. Nanos Lab's Web3 push is another significant development with a potential 120k BNB acquisition. In collaboration with Orbiter Finance, the company is looking to transform cross-chain Stablecoin Trading. While the ambitious plan delivered a significant boost to
Nano Labs' stock-market value, the company has seen a backlash on hardware front as Ledger, the maker of Nano S model, announced to phase it out, citing memory constraints.
Nano Coin News Analytics from Tue, 12 Nov 2024 08:00:00 GMT to Mon, 04 Aug 2025 21:22:50 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor 5
