BNB Mania Explodes: Nasdaq Firms’ Wild Bets! 🚀

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Alright, darlings, strap in for the US Crypto News Morning Rant—your daily dose of chaos because apparently, crypto never sleeps, and neither should you. Grab a coffee or a stiff drink; we’re diving into the madness. 😜

Oh, look, crypto’s finally infecting Wall Street like a stubborn cold. But forget Bitcoin or Ethereum hogging the spotlight—no, this time it’s BNB getting the billion-dollar cuddles from Nasdaq firms. How original. 🙄

Crypto News of the Day: 10X Capital’s $500 Million PIPE to Launch First Public BNB Treasury Vehicle on Nasdaq

So, 10X Capital and CEA Industries Inc. (VAPE—seriously, what a name, like they’re selling crypto vapes now?) just dropped a $500 million private placement bomb to birth the world’s biggest publicly traded BNB fan club. Oversubscribed? Of course it was; everyone’s chasing that crypto rainbow. 🌈

“Announcing our $500 Million Private Placement to Establish the Largest Publicly-Listed BNB-exclusive Digital Asset Treasury Company in the World!” 10X Capital posted, probably while high-fiving in a mirror. 😂

YZi Labs (Binance‘s fancy alter ego) led the charge, with a who’s-who of crypto bros and suits like Pantera Capital jumping in. They’re throwing $400 million in cash and $100 million in crypto at this, plus warrants that could balloon it to $1.25 billion. Because why stop at half a billion when you can go full lunatic? 💸

This new BNB hoarders’ club will just sit on the coin, playing staking and lending games in the Binance playground. Incoming CEO David Namdar, fresh from Galaxy Digital, calls it an “institutional gateway.” Yeah, sure, because nothing says “transparent” like tying your fortunes to a volatile token. 🤦‍♀️

“By creating a US-listed treasury vehicle, we are opening the door for traditional investors to participate in a transparent way,” Namdar said, probably with a straight face. Bless him. 😏

It’s got all the bigwigs from TradFi and crypto nerds rubbing shoulders. And get this, it’s part of a trend—Windtree Therapeutics and Nano Labs are doing the same dumb thing. Treasury companies as gateways? More like portals to potential regret. 🚪

“Treasury companies have proven to be the cleanest, most transparent gateway for institutions to access digital assets,” said Hans Thomas, CEO of 10X Capital. Said no one who’s ever lost money in crypto, ever. 😒

Liminatus Pharma Plans $500 Million BNB Investment Through New Subsidiary

Not to be outdone, Liminatus Pharma Inc. (LIMN) is jumping on the bandwagon with their own $500 million BNB gamble via a shiny new sub called American BNB Strategy. A biotech firm? Investing in crypto? That’s like me betting my rent money on a horse named “Long Shot.” 🐴

They picked BNB after some “internal review”—translation: a dartboard session with crypto logos. Reasons include its tech, user base, and features like staking. But hey, it’s not messing with their cancer-fighting day job; it’s just for “long-term growth.” Sure, Jan. 🌿

“BNB Coin was selected over numerous digital assets due to its robust technology, global user base, value generating features such as Launchpool participation and staking models, and the ongoing expansion of the BNB Chain,” said Chris Kim, CEO of Liminatus. Robust? Tell that to the market crashes. 🤣

They’re all about holding BNB long-term, not flipping it for quick bucks, and they’re using Ceffu (Binance’s cousin) for safekeeping. Compliance and security? Check. But remember, this is still subject to approvals and, you know, reality. If it goes through, Liminatus might be the first biotech firm to say, “Screw it, let’s crypto.” Bold move. 💊

“This is not a short-term speculative initiative, but rather a value-driven strategy based on the long-term growth potential and strength of the BNB ecosystem,” they announced. Keep telling yourselves that, loves. 😅

Digital Offering’s handling the money grab, and it’s all very official. Could be a game-changer or a spectacular fail. Place your bets! 🎲

Chart of the Day

Byte-Sized Alpha

Crypto Equities Pre-Market Overview

Company At the Close of July 25 Pre-Market Overview
Strategy (MSTR) $405.89 $416.00 (+2.49%)
Coinbase Global (COIN) $391.66 $395.30 (+0.93%)
Galaxy Digital Holdings (GLXY) $30.59 $31.85 (+4.12%)
MARA Holdings (MARA) $17.25 $17.74 (+2.84%)
Riot Platforms (RIOT) $14.54 $14.65 (+0.76%)
Core Scientific (CORZ) $13.76 $13.87 (+0.80%)

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2025-07-28 17:50