Investment Bank China Renaissance Plans $600M BNB Treasury With YZi Labs: Bloomberg

Investment Bank China Renaissance Plans $600M BNB Treasury With YZi Labs: Bloomberg

The proposed investment vehicle would be a publicly traded US company designed to buy and hold BNB, marking one of the largest single bets on BNB by a publicly listed entity.

China Renaissance Seeks $600 Million for BNB Crypto Treasury

China Renaissance Holdings Ltd., the Beijing-based Chinese investment bank whose former chairman Bao Fan was released from detention in August, is in talks to raise about $600 million for a public vehicle that would invest in a cryptocurrency with close ties to Binance Holdings Ltd.

Asia Morning Briefing: China Renaissance’s BNB Treasury Highlights a Shift in Asia’s Crypto Playbook – MAXBIT

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. China Renaissance’s reported plan to raise $600 million for a BNB-focused...

China Renaissance in Talks to Raise $600M for U.S.-Listed BNB Vehicle

Investment Bank Eyes Digital Asset Treasury Expansion China Renaissance Holdings is in talks to raise $600 million for a publicly listed vehicle in the United States that will hold BNB, the native token of the BNB Chain ecosystem, Bloomberg reported on Monday. The Beijing-based investment bank, which trades on the Hong Kong Stock Exchange, is working on the project with YZi Labs — formerly Binance Labs — with both firms expected to contribute $2…

China Renaissance Plans $600M BNB Fund With YZi Labs Backing As BNB Price Hits ATH - The Market Periodical

Key Insights BNB price made a new ATH despite crashing more than 35% just a couple of days ago, but will it hit $1,400 by the end of this week? China Renaissance Bank is reportedly in talks to raise $600 million for a fund investing in BNB, with YZi Labs expected to join the deal. Across L1s, BNB showed positive 2-week open interest growth at +32%. Binance Coin (BNB) continued with its bullish strength that outpaced all other cryptocurrencies a…

China Renaissance Plans to Launch $600M BNB Fund

China Renaissance Bank plans to start a big crypto fund and hopes to raise $600 million, mostly to invest in Binance Coin (BNB) The post China Renaissance Plans to Launch $600M BNB Fund appeared first on TheCoinrise.com.