Nano Labs Ltd has revealed a grand scheme to invest heavily in Binance Coin (BNB) with the aim of holding up to 10% of the supply. More specifically, they've announced a $1 Billion plan that commenced with an initial purchase of $50 Million BNB. This strategic decision has pushed the firm from being a chip maker to a substantial player in the cryptocurrency market. Despite this game-changing move, the company's stock faced a setback, reducing by 40%, leading to a share buyback. Nano Labs' strategic reserve plan also includes a $500 Million Treasury bet on BNB and the issuance of $500M of convertible notes to fund this ambitious venture. Notably,
Coinbase has targeted the U.S. market by launching XRP, nano XRP, Nano Bitcoin, and SOL futures contracts. In a plan set for July, they intend to debut perpetual-style futures. Similarly,
Google revealed a game-changer referred to as 'Nano-Banana' that promises to revolutionize AI image editing. Other industry players like the Nasdaq-listed
Nano Nuclear Energy Inc. recorded an 18% surge in shares, following late inclusion in the S&P Global Broad Market Index.
Bitcoin payments are now also publicly endorsed by Nano Labs. Ledger community faced upheaval as news spread of Ledger phasing out its flagship product, the Nano S. The reliable cold storage device is seen as the best choice by many in crypto. Consequently, users are encouraged to upgrade to newer models such as Ledger Nano S Plus and Ledger Nano X. Security upgrades and additional considerations for altcoins and NFTs are reflected in these units.
Nano Coin News Analytics from Fri, 07 Apr 2017 07:00:00 GMT to Fri, 17 Oct 2025 07:00:00 GMT -
Rating 5
- Innovation 2
- Information 5
- Rumor -3
