Crypto FrenzySunday, Jul 6, 2025 8:48 pm ET

2min read

BNB's latest price was $661.40, up 0.722% in the last 24 hours. Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, and also the top name for the associated altcoin BNB, came up with an intriguing suggestion for BNB. Zhao mentioned that if the United Arab Emirates has entered into a collaboration with Toncoin, where those who make a payment of $35,000 and stake $100,000 in TON for three years will have a golden visa valid for 10 years in the United Arab Emirates, then Binance will try a similar initiative for BNB. This means that in the near future, BNB holders can receive a golden visa from the United Arab Emirates if they pay a certain amount of money and additionally stake their BNB for a certain period of time. However, Zhao is still not sure about the authenticity of Toncoin’s announcement. According to Zhao, such an initiative should have come with a government partnership and announcement. Zhao said that it could still be true, but he has not received direct confirmation.

Nano Labs, a Singapore-based hardware firm, recently purchased $50 million worth of BNB, signaling the start of what could become a billion-dollar crypto treasury. The company is aiming to accumulate up to 10% of the total BNB supply, a goal that would require nearly $1 billion. Its crypto reserves, now holding around $160 million in BNB and Bitcoin, reflect a dramatic shift in strategy for the firm. However, investors aren’t fully convinced. After the BNB purchase, the company’s stock slipped over 6% across the day and after-hours trading. That’s a sharp contrast to the surge Nano Labs experienced earlier when it announced plans to raise $500 million through convertible notes to fund its crypto ambitions. The move isn’t without risk. BNB is still tightly held, with Binance and its former CEO reported to control the majority of circulating tokens. Critics, including SkyBridge Capital’s Anthony Scaramucci, have warned that corporate crypto plays can backfire if the capital structure and long-term value aren’t clearly mapped out. Founded by ex-Canaan executives in 2019, Nano Labs is now navigating uncharted territory—balancing chip design, token acquisition, and investor expectations, all while betting big on the future of crypto as a corporate reserve.

Recent activity surrounding Binance Coin (BNB) highlights its integration within the blockchain ecosystem and notable institutional interest. A significant development involves Nasdaq-listed company Nano Labs Ltd., which publicly announced the commencement of a substantial acquisition plan focused solely on BNB. As part of this initiative, the technology firm executed an initial purchase of Binance Coin valued at $50 million during July 2025. This transaction is reported to be the first step within a broader $1 billion strategy the company is deploying to accumulate BNB.

Simultaneously, BNB continues to demonstrate its fundamental utility and expanding role across various blockchain applications primarily within the Binance ecosystem. The token's core functionality remains deeply intertwined with operations on the Binance exchange itself, where it is utilized for securing trading fee discounts. Furthermore, BNB serves critical purposes beyond the exchange, acting as a key gas token powering transactions and smart contract executions on the associated Binance Smart Chain. Its reach extends into decentralized finance (DeFi) protocols built on this network and supports various decentralized applications (dApps). Developers widely incorporate BNB within their projects hosted on the Binance Smart Chain, leveraging the underlying infrastructure for diverse use cases, including non-fungible token (NFT) platforms and other innovative solutions.

Analysts frequently cite BNB's sustained relevance partly due to this deep integration and expanding utility. The token's value proposition is perceived as intrinsically linked to the ongoing evolution and adoption of the broader ecosystem developed by Binance. Each enhancement or addition of new features within the Binance ecosystem, such as further development of its native blockchain capabilities or expansion into new market verticals, inherently increases the demand and application scenarios for BNB. This connection is consistently highlighted as a core strength, reinforcing BNB's position as a foundational asset providing tangible utility across multiple blockchain layers.