⇗ Nano Labs Dives into Crypto with $1B Bet on Binance Coin

Nano Labs, a company listed on NASDAQ, announced their decision to purchase $1 billion worth of Binance Coin (BNB) causing their stock to skyrocket. This move is part of their strategic reserve plan, with the firm already having purchased $50 million in BNB, taking their digital asset reserves to around $160 million. In an ambitious move, the company plans to hold up to 10% of the total BNB supply. The company's shift toward crypto reserves hasn’t been without pitfalls, as reflected in a recent 9% plunge in the company's share value after announcing a $1.6M net loss.

In relation to Google, they are working on an AI image model named Nano Banana whereas Coinbase Derivatives plans to launch US Nano Bitcoin perpetual-style futures in July, and XRP along with Solana perpetual futures for US traders. Nano Labs has also unveiled plans to enter the stablecoin market following recent cryptocurrency legislative changes in Hong Kong and secured a green light for a novel RMB Stablecoin project in Kyrgyzstan.

Tension arose as Ledger decided to phase out its Nano S model, urging users to upgrade. Numerous comparisons are undertaken of the Ledger Nano with other cold wallet competitors, the D'CENT wallet and Trezor. The crypto world saw a notable partnership between Nano Labs and Orbiter Finance in an effort to revolutionize cross-chain stablecoin trading.

Nano Coin News Analytics from Fri, 07 Apr 2017 07:00:00 GMT to Sat, 13 Sep 2025 15:13:09 GMT - Rating 4 - Innovation 6 - Information 8 - Rumor -2