News & Research

Nano Labs, a Nasdaq-listed Chinese crypto mining chipmaker, purchased 74,315 BNB for about $50 million via over-the-counter (OTC), raising its crypto reserves to $160 million, according to a GlobeNewswire press release. The company aims to eventually acquire up to $1 billion in BNB and hold 5–10% of its total supply.

YZi Labs, formerly Binance Labs, joined Digital Asset’s $135 million Series E round from June 24, alongside DRW, Tradeweb, DTCC, Citadel Securities and Goldman Sachs, according to Wu Blockchain on X. Digital Asset, creator of the Canton Network—a public layer-1 blockchain with adjustable on-chain privacy—plans to use the funding to improve interoperability and composability for real-world asset tokenization.

U.S. nonfarm payroll employment increased by 147,000 in June, beating market expectations of 111,000, according to Investing.com based on data from the U.S. Department of Labor. The unemployment rate stood at 4.1%, coming in better than the forecasted 4.3%.

Robinhood CEO Vlad Tenev clarified on X that while the OpenAI stock token is not technically equity, it offers retail investors a way to gain exposure to private companies like OpenAI and SpaceX. He highlighted the initiative as the beginning of a broader tokenization movement, noting increased interest from other private firms since its launch. Previously, Robinhood introduced a limited stock token giveaway for eligible European users.

JPMorgan projects the stablecoin market to grow to $500 billion by 2028, far below other forecasts of $1–2 trillion, according to CoinDesk. The bank argues that growth will remain driven by crypto-native activity like trading and DeFi, which account for 88% of demand, while payment use remains minimal. Analysts see moderate, crypto-focused growth as more realistic than mass adoption.

UK-listed Blue Star Capital has raised £1.25 million (approximately $1.71 million) to provide a secured loan to SatoshiPay, according to Investegate, as reported by Jinse Finance. The funds will help expand SatoshiPay’s digital asset inventory, including Bitcoin and other cryptocurrencies.

Global asset management firm Franklin Templeton has cautioned that the rising trend of corporate crypto treasury strategies, while offering potential upsides such as premium capital raising and market value gains amid rising crypto prices, also involves significant risks, The Block reported. An increasing number of public companies are acquiring crypto assets like Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) using instruments such as equity, convertible notes and preferred shares. Although market volatility can enhance the value of financial instruments like convertibles, a decline in the market-to-NAV ratio or a prolonged market downturn could trigger a dangerous negative feedback loop, where companies are forced to liquidate assets to support their stock price, further eroding investor confidence.

Around 40 minutes ago, a wallet associated with crypto financial firm Matrixport withdrew 5,000 ETH (about $13.01 million) from Binance Exchange and transferred it to another wallet, according to The Data Nerd on X.

An Ethereum (ETH) ICO whale transferred 1,000 ETH, valued at about $2.6 million, to Kraken Exchange, according to Onchain Lens on X. The whale, who initially acquired 100,000 ETH during the ICO for $31,100, still holds 3,000 ETH worth around $7.79 million.

Crypto exchange Bitstamp announced on its official blog that it has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), marking a significant milestone in its expansion into the Asia-Pacific (APAC) region. The news follows Bitstamp’s recent acquisition by Robinhood, a U.S.-based platform known for stock and cryptocurrency trading.