BNB Treasury Firm BNC Acquires 200,000 Binance Coins

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.

NFTs Beat DeFi In Activity As Both Sectors Explode In July

July was a breakout month for Web3, with NFTs surpassing DeFi in activity. DeFi’s total value locked rose over 30% to $259 billion, briefly hitting $270 billion. Ethereum led with $166 billion TVL, Solana had $23 billion.

Tokenized stock wallets jumped from 1,600 to over 90,000, lifting market cap by 220%, signaling real-world asset adoption. Ether’s price rose nearly 60%, boosted by favorable regulation and staking rewards of 29.4% APY.

Solana’s Hyperliquid platform generated 35% of blockchain revenue, dominating derivatives trading in July.

Syz Capital Reopens BTC Alpha Fund Amid Surging Institutional Demand

Syz Capital will reopen its Bitcoin-denominated BTC Alpha Fund from October 1, 2025, responding to strong institutional demand.

The fund, closed shortly after launching in March, has expanded liquidity capacity by 2,000 BTC and secured 1,800 BTC commitments from family offices, HNWIs, and crypto foundations.

It offers diversified exposure to top crypto hedge funds specializing in volatility trading, arbitrage, DeFi liquidity, and market making. The fund targets consistent, uncorrelated returns with quarterly liquidity and features no management fees, only performance-based compensation, aligning with investors’ interests.

Rumble Explores All-stock Acquisition Of Tether-backed Northern Data

Rumble has expressed interest in acquiring Northern Data via an all-stock deal offering 2.319 Class A Rumble shares per Northern Data share. If completed, Northern Data shareholders would own about 33.3% of the combined company.

The acquisition would transform Rumble into a global AI cloud leader by integrating Northern Data’s GPU platform Taiga and data centers with nearly 850 MW capacity. The deal depends on due diligence, negotiations, regulatory approval, and the sale of Northern Data’s bitcoin mining arm, Peak Mining.

World Mobile Launches Drone-based Decentralized Telecom Project

World Mobile partnered with Indonesia’s Protelindo to launch a blockchain-enabled 5G network using hydrogen-powered drones flying at 60,000 feet. Each drone provides wireless coverage of up to 15,000 square kilometers using 450 guidable beams with latency as low as 6 milliseconds.

This network is up to 18 times cheaper per gigabyte than satellites. The project aims to bridge global connectivity gaps, especially in underserved communities, although it faces technical and regulatory challenges related to stratospheric telecom infrastructure deployment.

Ethereum’s Fusaka Upgrade May Face Delay

Ethereum’s Fusaka upgrade, planned for November 2025, might be delayed by four weeks to allow additional testing. Client teams said the September 1 deadline for release candidates was too tight.

The upgrade will improve data availability with PeerDAS, raise maximum blob limits, smooth gas prices, and add new opcodes to optimize the Ethereum Virtual Machine. Testing focuses on non-finality and private mempool scenarios. The delay aims to avoid bugs and ensure a stable network upgrade rollout.

DigitalX Boosts Bitcoin Holdings Amid ASX Scrutiny

DigitalX plans to increase its Bitcoin holdings from 500 to 2,100 by 2027, viewing crypto as a core asset and inflation hedge. Funding will come from asset conversions, debt, equity raises, and revenue.

Meanwhile, the Australian Securities Exchange is investigating share purchases by director Ieva Guoga shortly before an acquisition announcement, raising governance questions.

The ASX seeks clarity on her relationship with her father, Antanas Guoga, the company’s largest shareholder.

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