Altcoins News
By Maheen Hernandez
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CEA’s Bold Pivot into BNB. Earlier in the day, CEA Industries revealed its intention to become the largest publicly traded…
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A New Gateway for Traditional Investors. David Namdar, senior partner at 10X Capital and incoming CEO of CEA Industries, expressed…
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Crypto Stockpiling Trend Gains Momentum. The move reflects a growing trend among public companies pivoting toward cryptocurrency investments.
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Binance and Zhao’s Strong BNB Ties. The BNB token has deep ties to Binance. started in 2017 by the exchange, BNB plays a critical role…
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Executive Reshuffle and Fat Panda Acquisition. As part of the transformation, CEA Industries is bringing in several executives from 10X Capital.
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Final Thoughts. CEA Industries’ pivot toward a BNB treasury model is one of the boldest corporate crypto…
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Shares of Canadian vape company CEA Industries Inc. (VAPE) surged nearly 550% on Monday following a dramatic business shift.
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VAPE shares closed at $57.59, up significantly from Friday’s close of $8.88. Despite a 7% dip in after-hours trading to $53.
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Earlier in the day, CEA Industries revealed its intention to become the largest publicly traded BNB treasury company in the United States.
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This massive capital reserve is expected to be used to accumulate BNB, Binance’s native token, and open the BNB ecosystem to institutional and retail investors alike.
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The firm is collaborating with 10X Capital and YZi Labs—an entity previously described as the family office of Binance co-founder Changpeng Zhao.
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David Namdar, senior partner at 10X Capital and incoming CEO of CEA Industries, expressed confidence in the strategic pivot. He stated, “By creating a U.S.
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Namdar, who also co-founded and previously co-led trading at Galaxy Digital, emphasized the significance of BNB in the blockchain space.
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CEA Industries aims to continue increasing its BNB holdings over the next two years using market offerings and proven investment strategies.
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BNB, currently trading just below $830, hit an all-time high above $858 earlier on Monday. Although it dipped slightly by 1.
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