Nano Labs Ltd (Nasdaq: NA) has taken a major step in the crypto space by acquiring 74,315 Binance Coin (BNB) tokens through an OTC deal. The purchase was made at an average price of about $672.45 per token bringing the total transaction value to around $50 million. This marks the start of Nano Labs’ strategic plan to increase its BNB holdings over time.

The company now holds about $160 million in mainstream digital assets including Bitcoin and BNB. This latest move highlights Nano Labs’ confidence in BNB’s long term value and security. The firm is determined to build a stronger crypto reserve and strengthen its presence in the Web 3.0 sector.

Nano Labs aims to acquire up to $1 billion worth of BNB through convertible notes and private placements during the first phase. The company has plans to hold between 5% and 10% of BNB’s total circulating supply in the future showing its strong belief in the growth of the crypto market.

Source

More than 14 years after going silent, two bitcoin wallet addresses have suddenly sprung back to life, moving a massive 20,000 BTC late Thursday night, according to onchain data. These addresses first received their bitcoin in April 2011, when the wallet “1HqXB…gDwcK” split 23,377.83 BTC across three destinations. Two of those addresses each got 10,000 BTC, while the third received the rest of the funds.

Late Thursday night and into early Friday morning, those same two addresses — “12tLs…xj2me” and “1KbrS…AWJYm” — moved their entire 10,000 BTC holdings to fresh destinations within 30 minutes of each other, blockchain data shows. The third address had already moved its BTC years ago, but these two remained untouched until now. The new receiving addresses have yet to move the bitcoin.

Valued at only $7,800 in 2011, this 20,000 BTC has now skyrocketed to a jaw-dropping $2.18 billion, representing a stunning 13,982,800 percent gain. The reason behind the sudden moves and who controls the wallets remains a mystery, according to blockchain data.

Today, Senator Lummis unveiled a bill that would enable U.S. citizens to spend up to $300 worth of bitcoin on goods and services, with a yearly cap of $5,000, without having to pay capital gains taxes on the transactions.

The proposed legislation also stipulates that the threshold for spending will be adjusted for inflation starting in 2026.

Such provisions were initially conceptualized as an amendment that Senator Lummis pushed to have included in the One Big Beautiful Bill (OBBB), but wasn’t.

In the wake of Senate Finance Committee Chairman Mike Crapo not putting Senator Lummis’ amendment up for a vote in the marathon amendment session for the OBBB that occurred…

Read more on BitcoinMagazine

Today, U.S. Senator Cynthia Lummis (R-WY) has introduced a comprehensive digital asset tax legislation that could significantly boost the use of Bitcoin and other cryptocurrencies by cutting the bureaucratic red tape, modernising outdated tax rules, and supporting Bitcoin and crypto innovation.

“In order to maintain our competitive edge, we must change our tax code to embrace our digital economy, not burden digital asset users,” said Lummis. “This groundbreaking legislation is fully paid-for, cuts through the bureaucratic red tape and establishes common-sense rules that reflect how digital technologies function in the real world. We cannot allow our archaic tax policies…

Read more on BitcoinMagazine

A new crypto-friendly tax bill is making waves in the U.S. Senate aiming to ease burdens on digital asset users. Senator Cynthia Lummis introduced legislation that would exempt crypto transactions under $300 from capital gains tax reporting with an annual cap of $5,000. This move is designed to simplify small everyday transactions for Americans using digital currencies.

The bill also seeks to stop double taxation on crypto rewards from staking mining airdrops and forks. Taxes would apply only when these rewards are eventually sold. The proposal covers other key areas including crypto lending wash sales charitable donations and lets traders and dealers mark assets at current market value for accounting purposes.

Lummis said the legislation is needed so Americans can engage in the digital economy without fear of accidental tax violations. The bill faces an uphill battle in the Senate as other crypto regulatory bills and efforts like creating a federal bitcoin reserve compete for attention. The push highlights growing momentum for crypto innovation in the U.S.

Today, Riot Platforms, Inc. (NASDAQ: RIOT) reported the production of 450 Bitcoin in June 2025, a 12% decrease from May but a 76% increase year-over-year. The company also saw a surge in power credits, totalling $5.6 million, more than double from the previous month.

Riot Announces June 2025 Production and Operations Updates.

Riot mined 450 #bitcoin in June, increasing total bitcoin holdings to 19,273. The Company had a deployed hash rate of 35.5 EH/s and an all-in power cost of 3.4¢/kWh.

Read the full press release here:… pic.twitter.com/V6Y0D1A1pQ

— Riot Platforms, Inc. (@RiotPlatforms) July 3, 2025

Riot sold 397 Bitcoin for $41.7 million, representing a 21% decrease in…

Read more on BitcoinMagazine

UATX, The University of Austin, Texas, is rediscovering and redefining academic pursuit. Founded in 2021, the start-up university stands as a protest to the intellectual dogma and the “woke” radicalization of major universities in recent years, focusing instead on entrepreneurship and preparing students for a technologically and culturally complex future.

These old values, rekindled by the chaos of modernity, have led UATX to Bitcoin: “The first principles of this institution share the same space, language, and ethos as the first principles behind Bitcoin: freedom of speech, freedom to transact, individual and institutional sovereignty, distributed decentralized governing…

Read more on BitcoinMagazine

Geyser, a Bitcoin crowdfunding and grants platform, announced the NWC Hackathon Grant this week, inviting projects that leverage Nostr Wallet Connect (NWC) – a communication protocol that enables programmable, non-custodial Bitcoin payments and seamless interactions between apps and wallets. NWC uses the Nostr relay network as an always-on, encrypted message layer linking applications to users’ wallets, so apps can request payments or fetch data without custodial intermediaries. This design allows Bitcoin to move more freely between services. “The timing feels right… There’s growing excitement around leveraging NWC for Lightning development,” said Mick Morucci,…

Read more on BitcoinMagazine