BNB Treasury Firm BNC Acquires 200,000 Binance Coins, Becomes Largest Corporate Holder
Nasdaq-listed CEA Industries has purchased 200,000 Binance Coins worth $160 million, becoming the largest corporate holder of BNB. The acquisition is the first step in a $500 million treasury plan, with potential expansion to $1.25 billion.
Funded by 10X Capital and YZi Labs, the purchase comes amid BNB’s global user base of 250 million and daily trading volume of $9.3 billion. BNC aims to boost institutional BNB adoption in the U.S., offering indirect exposure through its treasury model, eliminating the need for investors to hold BNB directly.
LayerZero Proposes $110M Stargate Token Merger In Consolidation Play
The LayerZero Foundation has proposed acquiring Stargate and merging its token into the LayerZero ecosystem at a fixed swap rate. Stargate’s bridge revenues, which generated $939,000 for stakers in three months, would flow to ZRO holders via buybacks.
Governance and utility would shift entirely to ZRO, retiring STG as a standalone token. The move aims to simplify operations and centralize value, but some STG holders argue the swap undervalues their tokens and eliminates fixed-yield staking, calling for improved terms or compensation.
CoinDCX Reports $731M Holdings, 109% Volume Surge
CoinDCX, India’s leading crypto exchange, reported $731.1 million in holdings for July 2025, including $541.64 million in blockchain reserves. Its Crypto Investor Protection Fund rose 16% to ₹69.74 crore, while TDS payments increased 37.5% month-on-month to ₹20.05 crore.
Registered accounts crossed 2 crore, with spot trading volumes surging 109.8%. CoinDCX introduced “Expert Picks” trading signals, onboarded more liquidity providers, and listed five new tokens, expanding trading opportunities.
J.P. Morgan Taps Marex As Clearing Firm For Settlements On Its Blockchain
J.P. Morgan has partnered with Marex Group to use its Kinexys Digital Payments blockchain system for clearing and settlement.
Marex will be the first clearing firm to utilize Kinexys’ blockchain deposit accounts, aiming to speed up payments and reduce risk. The platform enables 24/7 programmable settlements and has processed $1.5 trillion to date.
This move reflects J.P. Morgan’s deepening blockchain push, which began in 2016 with Quorum and now includes JPM Coin and a rumored crypto-backed loan program.
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