By Marco Piccolo Key highlights: China Renaissance aims to raise $600 million for a U.S.-listed fund dedicated to holding BNB, the native token of the BNB Chain. YZi Labs, the $10 billion family office of Binance co-founder Changpeng Zhao, will co-lead the initiative with a $100 million commitment. The move marks a significant institutional push […]
Tag: BNB
By YDN Key Points Altcoins suffered even steeper losses, with Cardano and Dogecoin each shedding over 20% in value. Major trading platforms including Binance, Coinbase, and Robinhood buckled under unprecedented trading volume, leading to widespread technical disruptions. Over $9.5 billion in leveraged positions were liquidated within hours, with longs accounting for the vast majority. […]
By Marco Piccolo Key highlights: YZi Labs, formerly Binance Labs, has introduced a $1 billion Builder Fund targeting projects built on the BNB Chain. The fund focuses on DeFi, AI, real-world assets, DeSci, payments, and wallets, offering selected teams up to $500,000 in funding and access to a 460M+ user ecosystem. This initiative deepens YZi […]