⇑ Nano Labs Buys $50M BNB in Strategic Reserve Plan; Ledger and Coinbase Innovate

Nano Labs Ltd is taking colossal strides in the cryptocurrency market, with a plan to buy $1 billion of Binance Coin. Heavily investing in the digital currency, the company purchased $50 million as part of a strategic reserve plan. Its audacious endeavor is transforming this chip maker into a crypto player, causing its stock to skyrockets. The firm completed a purchase as part of a larger effort to stockpile 10% of Binance Coin.

The company is diversifying its approach by issuing $500M of convertible notes, securing additional funds for BNB treasury, with plans to build a $1 billion BNB Treasury in a significant Web3 push.

They also brokered a major crypto partnership with Orbiter Finance, aiming to revolutionize cross-chain stablecoin trading. Enhancement of the digital asset reserves to about US$160 million is by adding $50 million BNB to their portfolio.

Companies such as Coinbase are launching Nano Bitcoin futures in the United States. The platform is also else introducing XRP, nano XRP futures contracts. Future focused developments also include exploring nano futures for SOL and XRP.

Ledger is advancing cold wallet options, urging upgrades from Nano S Model as new alternatives are getting introduced. However, user backlash has followed the sunsetting of the ‘OG’ Nano S model.

Embracing the era of AI, Google is releasing “Nano-Banana”, a tool that will influence image editing. In comparison notes, hardware wallet brands like Ledger Nano S Plus, D'CENT Wallet, Ledger Nano X, and others are stacked up against the traditional TREZOR, indicating expanded options for consumers.

Nano Coin News Analytics from Fri, 07 Apr 2017 07:00:00 GMT to Sun, 14 Sep 2025 07:00:00 GMT - Rating 8 - Innovation 7 - Information 8 - Rumor -6