It is a truth universally acknowledged, that two co-founders in possession of vast fortunes must be in want of a daring enterprise. Thus, Mr. Zhao and Ms. He, of YZi Labs (formerly known by its more plebeian moniker, Binance Labs), have resolved to bestow a touch of gentility upon the spirited coin known as BNB.
BNB ($669.8—a trifle for a gentleman, a fortune for the rest of us.)
In our age of indecorous volatility, one finds:
- 24h volatility: 1.5% (Steadier than my Aunt’s nerves, and that’s saying something.)
- Market cap: $97.71 B (Scarcely enough for a decent estate—if we’re speaking in Austenian terms.)
- Vol. 24h: $850.14 M (Which is, of course, what I spend on bonnets weekly.)
To further dignify BNB, our valorous founders are supporting 10X Capital in bringing forth a publicly-traded BNB treasury company upon the hallowed halls of American finance. Scandalous? Perhaps. Profitable? One certainly hopes so. 🇬🇧💼
BNB meets Wall Street—a courtship that promises both drama and dividends.
It is with no ordinary excitement that YZi Labs has pledged its hand to @10XCapitalUSA in fostering this novel BNB Treasury Company.
The gates to BNB’s fortune are flung open to U.S. investors (presumably with less fanfare than my last dinner party, but one must not nitpick).
Our discretion in partnership selection is second only to Lady Catherine’s in matchmaking.
Pray, do not believe the neighbourhood gossip; confide in our official channels only…
— YZi Labs (@yzilabs) July 10, 2025
Now, 10X Capital is no stranger to bold endeavors, being a firm of asset management with a zeal for crypto that rivals Lydia Bennet’s for officers. Their single-chain treasury model has inspired grand optimism for BNB’s prospects—though whether Wall Street understands tokens better than they do manners remains to be seen. 🧐
Meanwhile, Nano Labs, a company of considerable ingenuity from China, has on June 24 declared a sum of $500 million in private convertible notes for a BNB treasury. Quite the dowry for one digital coin, one must admit.
YZi Labs presides over assets totalling roughly $10 billion, but—rather like a mysterious suitor at a country dance—has refused to disclose precisely how much will attend this BNB-native caper. One must draw one’s own conclusions.
At present, BNB stands as the fifth most fashionable cryptocurrency, possessing a market cap shimmering near $95 billion, and changing hands at $672—a sum that would turn the head of any fortune-hunting heiress. 💰
The enterprise boasts leadership from such venerable names as David Namdar of Galaxy Digital fame and Mr. Saad Naja, lately of Kraken—titled personages in the world of finance, if ever we saw any.
Following its rebranding, Mr. Zhao—a gentleman of some consequence and former CEO of Binance—has graciously consented to advise YZi Labs. Their investments already include such promising talents as Vana Network and OneKey. (No word yet on whether they plan to invest in more tea and less volatility.)
All society now watches with bated breath, wondering: will BNB find lasting happiness on Wall Street? Or will the story end in heartbreak, bankruptcy, and a great many deliciously quotable letters? 🤔📈
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2025-07-10 18:28