Binance Treasury Strategy Sparks Governance Crisis at BNC
A major governance battle has erupted at BNC (formerly CEA Industries), the largest publicly traded BNB treasury company in the United States, as institutional investors clash over the firm's strategic direction. The conflict centers on allegations that asset manager 10X Capital plans to pivot away from BNB token accumulation—contradicting representations made during a recent $500 million capital raise—and shift treasury reserves toward Solana-based assets. The dispute was ignited when major shareholder YZi Labs publicly accused 10X Capital of mismanagement and abandoning BNC's core investment thesis. According to governance documents reviewed by industry analysts, BNC had previously positioned itself as a pure-play BNB accumulation vehicle, with its entire treasury strategy built around systematic acquisition and holding of Binance's native token. This approach had attracted significant institutional investment from funds seeking exposure to BNB's ecosystem growth without direct cryptocurrency custody complexities. Internal communications suggest the proposed shift to Solana represents more than a simple portfolio rebalancing. Sources close to the board indicate that 10X Capital has been advocating for a fundamental strategic realignment, arguing that Solana's technological advantages and growing developer ecosystem offer superior long-term prospects compared to BNB's more mature but slower-growing network. This position has drawn fierce opposition from YZi Labs and other BNB-focused investors who contend that abandoning the company's stated purpose constitutes a breach of fiduciary duty. The timing of this conflict is particularly significant given current market conditions. As of December 2025, BNB maintains its position as the fourth-largest cryptocurrency by market capitalization, but has faced increased competitive pressure from Solana's rapid ecosystem expansion. The governance battle raises fundamental questions about treasury management strategies for publicly traded crypto companies, particularly regarding how much discretion asset managers should have in deviating from stated investment mandates. Industry observers note that the outcome of this dispute could set important precedents for corporate governance in the cryptocurrency sector. The resolution will likely influence how other institutional crypto holders structure their investment vehicles and governance frameworks, especially as regulatory scrutiny of digital asset management continues to intensify globally. The situation remains fluid, with both sides preparing for what could be a protracted proxy fight at BNC's next shareholder meeting.
Governance Battle Erupts at BNC Over Treasury Strategy Shift from BNB to Solana
A bitter governance dispute has erupted at BNC (formerly CEA Industries), the largest publicly traded BNB treasury company in the U.S., as major shareholder YZi Labs accuses asset manager 10X Capital of mismanagement and abandoning its Core investment strategy. The conflict centers on allegations that 10X Capital plans to pivot away from BNB token accumulation—contrary to representations made during a recent $500 million financing round—in favor of alternative assets like Solana.
YZi Labs, the family office of Binance founder Changpeng Zhao, has filed a consent solicitation with the SEC to overhaul BNC's board, citing "value-destructive actions" and threatened contractual violations. The proxy fight underscores growing tensions in crypto treasury management as institutional players grapple with portfolio diversification amid shifting market dynamics.
Binance Launches Parent-Controlled 'Junior Wallet' to Foster Crypto Adoption Among Youth
Binance is bridging generational gaps in cryptocurrency adoption with the launch of Binance Junior, a parent-controlled mobile app designed for children aged 6 to 17. Announced during Binance Blockchain Week, the platform enables families to build crypto savings while teaching financial literacy—mirroring traditional custodial accounts for stocks and bonds.
The app allows parents to deposit crypto, set spending limits, and utilize earn products where regulations permit. "We're preparing children for real-world challenges through financial health," said Binance co-founder Yi He, emphasizing long-term growth and responsibility. The MOVE signals crypto's evolution from niche asset to mainstream family wealth-building tool.
