China Renaissance Holdings Ltd is seeking to raise roughly $600 million to establish a digital-asset treasury centered on BNB. Meanwhile, based on the volume profile indicator, the BNB token could be primed for further upside, potentially culminating in a new all-time high (ATH). China Renaissance and CZ’s YZi Labs Target $600 Million BNB Treasury The Beijing-based investment bank recently saw the return of its once-detained founder, Bao Fan. According to people familiar with the matter, the initiative will involve YZi Labs (formerly Binance Labs), the family office of Binance co-founder Changpeng Zhao (CZ)
source: https://beincrypto.com/bnb-chinese-bank-600-million/