Nano Labs Ltd recently announced plans to acquire $1 billion of
Binance Coin (BNB) causing their stock to drastically increase in value. This appears to be a strategic investment with the company buying $50 million worth of BNB as part of their strategic reserve plan. Following this news,
Coinbase launched XRP and nano XRP futures contracts, in a move that could possibly revolutionize crypto trading.
Nano Labs has revealed that they have bigger plans for their Binance Coin investment as they plan on building a $1 billion BNB treasury as part of their major web3 push.
Google also entered the picture with its “Nano-Banana”, a major breakthrough in AI image editing. On the downside, Nano Labs' BNB pivot was met with some resistance which led to their stock shedding 40% of its value, forcing them to launch a share buyback to mitigate the losses. NASDAQ-listed Nano labs, despite the setback, remains resolute in their decision and has continued to increase their BNB position by purchasing $500 million in BNB treasury notes.
Ledger made major strides in the hardware wallet market with the release of their new
Nano Gen5 device and have urged users to upgrade from the older Nano S model.
Coinbase plans follow-up to their move by launching
Nano Bitcoin perpetual futures later in the year.
Nano Coin News Analytics from Mon, 12 Feb 2018 08:00:00 GMT to Tue, 11 Nov 2025 08:00:00 GMT -
Rating -2
- Innovation 5
- Information 8
- Rumor -5
