š Huge #news shaking up the Binance world! China Renaissance Bank is reportedly gearing up to raise a massive $600M fund to stack Binance Coin ($BNB ) like never before. This isnāt some quick flipāinsiders say itās about building a long-term BNB treasury. š°
China Renaissance and YZi Labs are kicking in $100M each, with $400M more expected from other big players. This move screams confidence in BNBās future, especially after Binanceās push into payments, DeFi, and infrastructure. Their August collab with YZi Labs already boosted BNB Chainās real-world asset integration, and now theyāre doubling down.
BNBās feeling the love tooāup 9% in 24 hours to ~$1,324, riding high post-crash. If this fund comes through, analysts say BNB could hit new price peaks and flex serious muscle in Asiaās blockchain scene, maybe even rivaling Ethereumās Western dominance.
