• Nano Labs has acquired $50 million more worth of BNB tokens.
• The company’s BNB purchase brings its cryptocurrency holdings to about $160 million.
• BNB price did not explode on the news, but looks primed for a bullish breakout.

Nano Labs Ltd, a Nasdaq-listed web3 infrastructure provider, has added to its BNB (BNB) haul with another purchase, this time scooping $50 million worth of the Binance Coin in over-the-counter deals. The BNB buy, which Nano Labs announced on July 3, 2025, bolsters its cryptocurrency holdings to about $160 million. BNB price surged briefly on the news, breaking to around $665. Nano Labs buys $50 million BNB via OTC Nano Labs Ltd announced its acquisition of 74,315 BNB tokens on July 3, 2025. Specifically, the company said it had acquired BNB worth roughly $50 million through an over-the-counter (OTC) transaction. The purchase, which aligned with an uptick in BNB price, was at the average price of $672.45 per token. Nano Labs’ digital asset reserves, which include Bitcoin and BNB, are now up to around $160 million. For BNB, the Nasdaq-listed company’s move highlights its commitment to BNB’s long-term value, with an ambitious goal to acquire up to $1 billion worth of BNB through convertible notes and private placements in its initial phase. The company aims to hold between 5% and 10% of BNB’s total circulating supply, currently around 140.88 million tokens, as a long-term treasury strategy. Nano Labs’ latest move follows an earlier one that came amid the announcement of a $500 million convertible notes agreement on June 24, 2025. The goal of the raise was to fund the company’s BNB accumulation. Other companies have also recently signaled interest in BNB as a treasury asset. Last month, a group of hedge fund veterans, including Patrick Horsman, Joshua Kruger, and Johnathan Pasch, formerly of Coral Capital Holdings, announced plans to raise $100 million through a Nasdaq-listed entity, Build & Build Corporation, to invest in BNB. BNB price outlook The BNB price has shown resilience, trading at approximately $663 as of July 3, 2025, with a market capitalization exceeding $93.5 billion. Nano Labs’ recent purchase and other institutional moves have fueled bullish sentiment. BNB chart by TradingView The technical picture shows BNB trading within an ascending channel on the daily chart, nearing the upper trendline. RSI is at 57 and upsloping to suggest bulls have room to explore potential gains, while the MACD remains has signalled strength with a recent bullish crossover. If gains materialize, key supply zones may be around $688 and $750. Meanwhile, psychological support remains at the $600 area. In May, Standard Chartered predicted that the price of BNB could skyrocket to highs of $2,775 in the next three years. The 2028 price forecast for BNB highlighted the cryptocurrency’s potential amid its strengths, including a deflationary model and exchange-linked BNB utility. BNB reached its all-time high of $793 in December 2024. The post BNB price outlook as Nano Labs scoops $50m BNB tokens appeared first on CoinJournal.

Ethena is a project developed to address the issues of existing stablecoins in the cryptocurrency market. What is Ethena (ENA)? Ethena is a cutting-edge decentralized finance (DeFi) protocol built on the Ethereum blockchain. It is designed to generate synthetic dollars, which are digital assets that maintain price parity with the US dollar (USDe). The ENA token is the native governance token of the Ethena protocol. Through the use of smart contracts, Ethena allows users to mint, trade, and exchange synthetic dollars without the need for a central authority or intermediary. This provides users with greater control over their funds and financial transactions. The ENA token plays a crucial role in the governance and operation of the Ethena protocol. Holders of the token have voting rights in the decision-making process of the protocol, such as proposing and voting on changes to the protocol parameters or upgrades. Additionally, the ENA token can be staked to earn rewards in the form of transaction fees generated by the protocol. This incentivizes token holders to actively participate in the protocol, contributing to its security and stability. Overall, Ethena aims to revolutionize the way decentralized finance operates by providing a reliable and transparent platform for users to access synthetic dollars and participate in the governance of the protocol.  Why is Ethena Labs important? Ethena provides a vital solution within the growing DeFi sector. Synthetic dollars play a key role in various DeFi applications, including:

• Stablecoin for trading: Provides traders with a price-stable asset for crypto trading within the volatile crypto market.
• Lending and borrowing: Enables users to lend and borrow assets with stable value.
• Yield generation: Allows users to earn a yield on their crypto holdings with less risk compared to other cryptocurrency assets.

How does the Ethena protocol work? Ethena maintains a collateral pool of cryptocurrency assets, primarily Ethereum. Users can deposit collateral to mint synthetic dollars. The protocol uses a complex system of algorithms and incentives to maintain the price stability of its synthetic dollars. ENA token holders play a part in governance decisions and help shape the future of the protocol. Should I invest in the Ethena (ENA) token? Determining whether or not to put your money into ENA is an individual choice. It is important to extensively study Ethena Labs, including the protocol, tokenomics, team, and roadmap. Take into account your risk tolerance and overall investment approach. Making an investment in the Ethena (ENA) token should be thoughtfully evaluated. Here are some advantages and disadvantages to assist you in making an educated decision. Ethena advantages:

• Impressive idea
• An effective vesting plan
• Backed by top-tier funds
• Extensive network of top-tier partners
• Successful PR and growth marketing efforts
• Effective influencer marketing campaigns
• Undergone multiple security audits and bug bounty programs by reputable companies
• Comparatively low Initial Market Cap/Fully Diluted Valuation (FDV) ratio (9.5%)
• Experienced executive team

Token NameEthenaTickerENABlockchainEthereumToken StandardERC-20ContractTo be updatedToken TypeGovernanceTotal Supply15,000,000,000Circulating SupplyTo be updatedDetails about ENA token Token Allocation Token Release Schedule Ethena disadvantages:

• Because of its intricacy, the protocol carries substantial risks associated with its delta hedging approach.
• Damage to reputation caused by the failure of Terra or Luna.

It is important to note that investing in any cryptocurrency carries inherent risks, and it is crucial to conduct thorough research and consider your own risk tolerance before making any investment decisions. What is Delta-Hedging? Delta-Hedging, also known as Delta Neutral Trading Strategy, is used to generate income when the market lacks direction. Though that’s the definition, in practice, there are numerous methods to apply it, and the common goal of these methods is to eliminate price volatility and earn profits. This means that the user’s position remains unchanged amidst market fluctuations. When applied to the cryptocurrency market, the most commonly used investment method is to balance the user’s portfolio to zero, creating a hedge, and earning profits from other methods such as IDO, Airdrop, Staking, Farming, etc. Conclusion Ethena is a project issuing a stablecoin based on the delta-neutral investment method, currently attracting significant attention from the investor community. Coinbold provides only general information, not investment advice.