Binance Coin

Nano Labs has made a significant investment of $50 million in Binance Coin (BNB), as part of their larger plan to accumulate up to 10% of BNB's total supply. This move reflects their strong confidence in the future of BNB.

The cryptocurrency market saw a positive reaction after US inflation data showed a smaller-than-expected decline. Bitcoin rose above $22,000, Ethereum surpassed $1,500, while other tokens like Dogecoin and Binance Coin also recorded modest gains. Despite regulatory pressures, market momentum remains slightly negative.

Bitcoin and Ethereum are driving the cryptocurrency market rally as investors grow optimistic about upcoming ETF launches, including Fidelity's planned Ethereum ETF. Despite SEC delays on spot bitcoin ETFs, the crypto market remains positive with other coins like BNB and XRP also gaining.