logo

CEA Industries responds to YZi Labs: We have never considered choosing a different token

By: theblockbeats.news|2025/12/05 21:15:57
0
Share
copy
pipepipe

BlockBeats News, December 5th, CEA Industries, the treasury company of BNB (NASDAQ: BNC), responded to YZi Labs' statement, stating that since the PIPE financing in July, BNC has never considered choosing a different token for the company's digital asset reserve strategy, nor has it initiated a competitive DAT project.

As of December 4, 2025, the company holds 515,554 BNB tokens, with a market value of approximately $4.646 billion. Two days before YZi issued a press release, they had submitted a preliminary consent statement proposing to expand and restructure the board of directors. Currently, the majority of the board members are independent directors, in compliance with Nasdaq rules, and possess the knowledge and experience required to effectively oversee the company's operations and create value for shareholders. The company's board has directly contacted YZi to establish an open dialogue channel regarding YZi's concerns and potential solutions, and is reviewing the issues raised by YZi. At present, shareholders do not need to take any action.

Previously reported by BlockBeats, on December 3rd, YZi Labs issued a corrective notice to 10X Capital, the BNB version of MicroStrategy's BNC asset management, and warned CEA Industries, Inc. shareholders of the destructive behavior of 10X Capital (the company's asset manager). If 10X Capital continues to delay disclosure of information, exacerbate conflicts of interest, and mismanage, shareholders face the risk of a continued decline in the stock price. YZi Labs demanded that 10X Capital take immediate corrective actions, including improving governance structure and committing to implementing the promised BNB Treasury (DAT) strategy.

-- Price

--

You may also like

Tom Lee's Ethereum Thesis: Why the Man Who Called the Last Cycle Is Doubling Down on Bitmine

Tom Lee is emerging as one of Ethereum’s most influential supporters. From Fundstrat to Bitmine, his Ethereum thesis combines staking yield, treasury accumulation, and long-term network value. Here is why “Tom Lee Ethereum” has become one of crypto’s most watched narratives.

Naval personally takes the stage: The historic collision between ordinary people and venture capital

Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...

a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins

Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.

Refutation of Yang Haipo's "The End of Cryptocurrency"

This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."
The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Contents

Popular coins

Latest Crypto News

16:42

Chen Maobo: Digital asset and other themed ETFs provide efficient and highly transparent investment tool options

The Financial Secretary of Hong Kong, Paul Chan, published an essay titled "Gathering Greater Energy through Innovation and Cooperation," in which he pointed out that global investors are accelerating the diversification of asset allocation, reducing reliance on a single market or single asset. With...
16:42

Data: In the past 24 hours, the total liquidation across the network was 105 million USD, with long positions liquidated at 56.9795 million USD and short positions liquidated at 47.7123 million USD

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $105 million, with long positions liquidated at $56.9795 million and short positions liquidated at $47.7123 million. Among them, Bitcoin long positions were liquidated at $5.5146 million, Bitcoin short po...
15:42

Data: The current whale position on the Hyperliquid platform is 3.482 billion USD, with a long-short position ratio of 1.03

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to $3.482 billion, with long positions of $1.762 billion, accounting for 50.62% of the holdings, and short positions of $1.719 billion, accounting for 49.38%. The profit and loss for long positions is -$4....
14:42

The suspect in the White House Correspondents' Dinner shooting admitted that the target was officials of the Trump administration

According to a report by Jinshi, a recruitment agency, the suspect in the shooting at the White House Correspondents' Dinner admitted that his target was officials of the Trump administration.
14:42

Arkham: Ethereum Foundation unstakes $48.9 million worth of ETH, market is concerned whether further sales will occur

The on-chain analysis platform Arkham posted on X that the Ethereum Foundation has unstaked approximately $48.9 million worth of ETH. Tracking data shows that the Ethereum Foundation has deposited WSTETH into Lido's unstETH contract, and after the unlocking process is completed, it will receive the ...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com