Key notes
- BNB has rebounded from $ 600 low, winning 3% in the last 24 hours.
- Nano Labs plans to invest $ 500 million in BNB, with a target of $ 1 billion.
- The company aims to hold 5 to 10% of the circulating long -term token offer.
Binance
Bnb
$ 641.6
24h volatility:
3.1%
COURTIC CAPESSION:
$ 93.59 B
Flight. 24 hours:
$ 1.01 B
saw a new bullish momentum on Tuesday after falling at $ 600 during the weekend. At the time of writing the editorial staff, the 5th largest cryptocurrency is negotiated about $ 637.7, up 3% in recent 24 hours.
This increase follows the announcement of the designer of listed chips at the Nasdaq Nano Labs to acquire BNB thanks to a convertible note agreement of $ 500 million. This decision is part of its long -term crypto investment strategy.
Nano Labs said he would assess the security and public service of BNB before purchasing up to $ 1 billion in cryptocurrency via convertible tickets and private investments.
In the long term, it aims to contain between 5% and 10% of the total offer of BNB, which currently amounts to 140.88 million tokens.
🚨 Announcement#Nanolabs concluded a convertible ticket purchase agreement of $ 500 million to launch our $ Bnb Strategic reserve. $ Na
– Nano Labs (@nanolabsltd) June 24, 2025
Institutional interest stimulating feeling
Meanwhile, a Bloomberg Monday report revealed that a group of House of Horsman, Joshua Kruger and Johnathan Pasch, aims to invest in BNB.
The team, formerly with Coral Capital Holdings, plans to accumulate BNB through a newly formed company called Build & Build Corporation, which is looking for a possible Nasdaq list.
Investors’ confidence also gets a boost from Vaneck’s deposit for an ETF BNB at the point in the United States, analysts placing the approval ratings for ETF Altcoin at around 90%, the feeling of the market has become massively bull.
If Greenlit, such a product could channel institutional capital in the ecosystem and potentially trigger a significant escape from BNB prices.
BNB price prices
On the daily BNB price table, the RSI is currently close to 45, suggesting that BNB is recovering from slightly occurred conditions. However, the token has not yet entered a strong bullish territory, with immediate resistance observed nearly $ 647, followed by $ 670.
BNB Price table with RSI and Bollinger Bands | Source: Commercial view
Bollinger strips are tightening slightly, with a price trying to recover the midline (20 -day SMA) around $ 647.08. A successful closure above this level could lead the token to the upper strip close to $ 673.
Meanwhile, the MacD remains in lowering territory with the MacD line under the signal line, but a potential crossing seems to be formed. If the bulls support, BNB could push around $ 690 to $ 700.
BNB Price table with MacD | Source: Commercial view
following
Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but must not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived the bear and bull markets over the years. STHTH is also an author of 4 self-published books.
Parth Dubey on LinkedIn
