Latest news with #BNB
Yahoo
5 hours ago
- Business
- Yahoo
CEA Industries Launches BNB Treasury
CEA Industries Inc. and investment firm 10X Capital announced a $500 million fundraise through a private placement deal to buy and hold BNB, a cryptocurrency linked to crypto exchange Binance Holdings Ltd. Bloomberg's Emily Nicolle has the story.
Yahoo
12 hours ago
- Business
- Yahoo
BNB Chain News: Sector Stalls as Altcoin Euphoria Fades
TL;DR: The BNB Chain sector fell 2.5% week‑on‑week despite $BNB briefly hitting an ATH. Major BEP‑20 tokens lost up to 46.7%; small‑mid caps gained relative strength. On‑chain metrics dropped; TRON overtook BNB in daily active addresses. With the CMC Altcoin Season Index stalling and traders eyeing the upcoming FOMC meeting, BNB Chain's momentum cooled, shedding 2.5% this week. >> Here's how the BNB Chain ecosystem has evolved since our last update. BNB Chain Sector Recap The BNB Chain ecosystem failed to continue last week's dramatic growth, recording a 2.5% decline week-on-week. Source: BNB Token Page During the last week, the sector briefly hit an all-time high market capitalization (mcap) while BNB (BNB) hit new highs of almost $860. The sector reverted much of its recent gains alongside weakness in the broader crypto market. The great majority of BEP-20 assets are in the red this week, with some of the worst performers losing upwards of 20% apiece. These include: Treehouse (TREE): -46.7% (airdrop-related sell-off) Spark (SPX): -34.3% (spiking spot outflows) Cookie DAO (COOKIE): -26.7% FLOKI (FLOKI): -26.1% WOO (WOO): -21.6% ($14 million security breach on WOO X) That said, increased strength was seen among small-mid cap BNB Chain projects, with this week's top 10 best performers all sitting in the $50M-$250M mcap range. This week's best performers and their catalysts (if known) include: Rekt ( (REKT): +39.6% (new ATH following Binance US partnership) Zircuit (ZRC): +29.5% (AI product launch) Subsquid (SQD): +20.1% (unknown catalyst) Hyperlane (HYPER): +19.5% (following the launch of Warp Routes 2.0) Tagger (TAG): +14% (BNB Foundation buy-in) BNB Chain also saw a decline in several key on-chain metrics this week, including DEX trading volume, daily active addresses (DAAs), daily transactions, and total value locked (TVL). Source: Artemis It was leapfrogged by TRON to become the third-most active chain by DAAs and temporarily lost its ranking as the most popular chain for on-chain trading following an uptick in Solana-based meme trading activity. BNB Chain News Roundup This week, a wave of treasury developments helped push the sector to an ATH while grassroots innovators helped to bolster its ecosystem. BNB Chain Expands Incentive Program With TAG Token Purchase: As part of its $100 million developer incentive program, BNB Chain acquired over 40 million TAG tokens from TaggerAI, building on earlier acquisitions like FAIR3 and BGSC to further support ecosystem growth. CEA Industries Plans To Launch Public BNB Treasury: Canadian vape company CEA announced an intention to raise up to $1.25 billion via PIPE to create the world's largest publicly traded BNB treasury. Shares surged 833%, highlighting retail investor excitement around BNB exposure. BNB Hack Announces July 21 Winners: In its most recent batch, BNB Hack recognized winners Basement, DeFi Copilot and BIBIM, honoring projects across AI, DeSoc and DeFi, each earning $3K plus a $50K Kickstart package. Nano Labs Boosts BNB Holdings to 128K Tokens: Nano Labs announced it now holds 128,000 BNB tokens ($108 million), following a recent OTC purchase of 8,000 tokens at $801 each—advancing its plan to build a billion‑dollar BNB reserve. >> That's a wrap. Join us next week for more insights on the BNB Chain ecosystem. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Globe and Mail
2 days ago
- Business
- Globe and Mail
Time to Buy, Hold, or Sell CEA Industries (VAPE) Stock?
It's been an exciting start to the week for CEA Industries VAPE stock, to say the least, after announcing a bold move into the crypto space via a $500 million private investment in public equity (PIPE) deal. Previously operating as an agricultural tech firm, the crypto announcement led to VAPE shares surging more than +500% on Monday to a new all-time high of $82. That said, CEA Industries saw its stock reverse course in today's trading session, falling 30% to just under $40 a share. This certainly makes it a worthy topic of whether it's time to buy, hold, or sell CEA Industries stock after such roller coaster price movement. Key Points of CEA Industries Stock Surge Positioning CEA Industries between traditional finance and the crypto ecosystem, the PIPE deal includes $400 million in cash and $100 million in Binance Coin (BNB), with up to $750 million more if warrants are exercised, potentially totaling $1.25 billion. CEA Industries' transformation is set on being the largest publicly traded BNB treasury company, with it noteworthy that Binance Coins are the fourth largest cryptocurrency. In order to capitalize on its crypto endeavors, CEA Industries plans to generate revenue through staking and lending on the BNB chain. Influencing CEA Industries' focus on Binance Coin is that BNB has now appreciated more than 600,000% since its inception in 2017 to current levels of over $800. Following its strategic move into the crypto treasury space, CEA Industries has recently appointed David Namdar as its new CEO, who is the co-founder of Galaxy Digital GLXY, a digital asset and blockchain service provider. Tracking CEA Industries Outlook Zacks' projections currently call for CEA Industries' total sales to skyrocket over 600% in fiscal 2025 to $21 million compared to $2.8 million last year. Plus, FY26 sales are projected to spike another 77% to $37.3 million. More intriguing, CEA Industries' annual earnings are expected to climb swing from an adjusted loss of -$4.22 a share in 2024 to $0.89 per share this year. Even better, FY26 EPS is projected to soar 430% to $4.72. Monitoring CEA Industries Valuation With CEA Industries expected to cross the probability line, VAPE shares trade at 64.7X forward earnings. However, CEA Industries has been public since 2011, making the company's P/E valuation a bit of a stretch even with its now promising growth trajectory. In terms of price to sales, VAPE still has a very reasonable 2.2X forward P/S ratio, and the company's top line expansion does suggest CEA Industries has become a viable investment. Conclusion & Final Thoughts For now, CEA Industries stock lands a Zacks Rank #3 (Hold). Becoming the largest publicly traded BNB treasury company should be advantageous for CEA Industries stock in the future, but there could still be better buying opportunities after Monday's surge. While monitoring CEA Industries' valuation will be important, the transformation into the cryptocurrency space has come at the right time, with legislation such as the GENIUS Act pushing these digital assets into another threshold regarding their acceptance. Higher. Faster. Sooner. Buy These Stocks Now A small number of stocks are primed for a breakout, and you have a chance to get in before they take off. At any given time, there are only 220 Zacks Rank #1 Strong Buys. On average, this list more than doubles the S&P 500. We've combed through the latest Strong Buys and selected 7 compelling companies likely to jump sooner and climb higher than any other stock you could buy this month. You'll learn everything you need to know about these exciting trades in our brand-new Special Report, 7 Best Stocks for the Next 30 Days. Download the report free now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Galaxy Digital Inc. (GLXY): Free Stock Analysis Report
Bloomberg
2 days ago
- Business
- Bloomberg
CEA Industries Launches BNB Treasury
CEA Industries Inc. and investment firm 10X Capital announced a $500 million fundraise through a private placement deal to buy and hold BNB, a cryptocurrency linked to crypto exchange Binance Holdings Ltd. Bloomberg's Emily Nicolle has the story. (Source: Bloomberg)
Forbes
2 days ago
- Business
- Forbes
Up 6x, Is VAPE Stock The Next Big Crypto Treasury Play?
CEA Industries (NASDAQ:VAPE) stock soared more than 6x on Monday after the Canadian vape-maker announced a dramatic pivot into the cryptocurrency space. The company revealed a $500 million private investment in public equity (PIPE) deal with fintech firms 10X Capital and YZi Labs, including $400 million in cash and $100 million worth of Binance's cryptocurrency (BNB). The aim is to transform CEA into the world's largest publicly listed holder of BNB, the fourth-largest cryptocurrency by market value. Over the next 12 to 24 months, CEA plans to scale its BNB holdings and generate income via staking, lending, and other revenue streams tied to the Binance ecosystem, which presently reaches over 280 million users. The move reflects a broader trend of corporate crypto adoption. In recent months, multiple companies have begun adding digital assets like Bitcoin and Ethereum to their treasuries, inspired by the high-profile strategy of players like MicroStrategy. CEA's decision to anchor its treasury in BNB marks a new development in this shift as BNB Chain is one of the most widely used blockchain ecosystems globally, but institutional access has remained limited. By creating a U.S.-listed BNB treasury vehicle, CEA and its partners are offering traditional investors a new way to tap into Binance's growing crypto infrastructure. Separately, Will Battery Tech Startup QuantumScape falter? QS Stock To $0?PARIS, FRANCE - FEBRUARY 16: In this photo illustration, a visual representation of digital ... More cryptocurrencies, Bitcoin, Ripple, Ethernum, Dash, Monero and Litecoin is displayed on February 16, 2018 in Paris, France. Digital cryptocurrencies have seen unprecedented growth in 2017, despite remaining extremely volatile. (Photo Illustration) Is VAPE Stock Attractive? So, do recent developments make VAPE stock attractive? Investors should remain cautious. Despite the excitement, VAPE's market cap stands at a mere $50 million, making it a micro-cap stock prone to higher volatility. It is also notable that retail investor enthusiasm played a key role in Monday's rally, with online forums and social media buzzing and traders piling in following the news. This might increase the probability that the stock could decline just as quickly as it went up. More generally, the crypto treasury strategy - where a significant portion of corporate reserves is held in cryptocurrencies - carries higher risk, and these stocks are more speculative compared to traditional companies. A decline in the core cryptocurrency's price or prolonged downturn can materially reduce the value of the company's crypto assets, posing financial risks. There are also regulatory and operational risks, including potential fraud, theft, or cyberattacks on wallets or custodial services. While you might do well to exercise caution with VAPE stock for now, the Trefis Reinforced Value (RV) Portfolio has outperformed its all-cap stocks benchmark (combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) to produce strong returns for investors. Why is that? The quarterly rebalanced mix of large-, mid- and small-cap RV Portfolio stocks provided a responsive way to make the most of upbeat market conditions while limiting losses when markets head south, as detailed in RV Portfolio performance metrics.
