Hedge Fund Veterans Launch $100M BNB Treasury Initiative via Nasdaq Shell Company
A group of seasoned hedge fund professionals, including former Coral Capital Holdings partners Patrick Horsman, Joshua Kruger, and Johnathan Pasch, are spearheading a groundbreaking $100 million investment in Binance's BNB token. This strategic move involves utilizing a Nasdaq-listed shell company, which will be rebranded as Build & Build Corporation, with BNB as its primary treasury asset. The initiative represents a significant milestone in institutional adoption of cryptocurrencies, particularly for Binance's native token. As of June 2025, this development signals growing confidence among traditional finance veterans in the long-term value proposition of major digital assets. The transaction, once completed, would mark one of the largest institutional allocations to BNB and could pave the way for further mainstream acceptance of cryptocurrency treasury strategies.
Hedge Fund Veterans Plan $100M BNB Treasury Bet via Nasdaq Shell Company
A consortium of hedge fund veterans is orchestrating a $100 million acquisition of Binance's BNB token through a Nasdaq-listed shell company. Former Coral Capital Holdings partners Patrick Horsman, Joshua Kruger, and Johnathan Pasch intend to rebrand an undisclosed public entity as Build & Build Corporation, with BNB becoming its primary treasury asset.
The proposed move would mark a watershed moment for institutional crypto adoption, creating the first publicly-traded vehicle offering indirect BNB exposure to equity investors. This development mirrors the growing corporate embrace of digital assets as reserve holdings, exemplified by the 834,779 BTC ($83.8 billion) currently held by public companies according to BitcoinTreasuries data.
Smaller Companies Pivot to Altcoin Investments Amid Bitcoin's Rally
Institutional interest in cryptocurrency is diversifying beyond Bitcoin. While mega-cap allocations to BTC continue, smaller firms are increasingly drawn to altcoins for their asymmetric risk-reward potential. This shift comes as Bitcoin tests $103,000 amid geopolitical tensions—Iran's measured response to U.S. actions has paradoxically bolstered crypto markets, with Fed rate cut speculation adding fuel to the rally.
The altcoin market shows particular vigor. Coral Capital alumni are reportedly assembling a $100 million war chest through Nasdaq-bound Build & Build Corporation to accumulate BNB, mirroring MicroStrategy's bitcoin treasury strategy. Binance CEO Changpeng Zhao confirmed awareness of—but no involvement in—the initiative. BNB, the native token of Binance's ecosystem, has seen surging utility across decentralized applications.
Chainlink Price Prediction: LINK Price to Smash $15 Or $10?
Chainlink's price has surged with 6% intraday gains, eyeing a retest of $12 amid heightened volatility. Trading volume hit $541.12 million as whale activity spikes.
Non-circulating supply wallets dumped 17.875M LINK ($149M) into Binance, mirroring historical unlocks that preceded rallies. The token has completed 11 major unlocks, most followed by upward momentum.
A descending channel pattern since May 2025 sets the stage for a critical support retest. Market watchers anticipate intensified price action as LINK flirts with trendline boundaries.
Top-Rated Cryptos in 2025 With Real Utility and Solid Roadmaps: Web3 AI, ETH, BNB, & DOGE
Navigating the crypto landscape in 2025 requires discerning among a sea of digital assets. Four projects stand out for their robust technology, tangible utility, and enduring community backing: Web3 AI, Ethereum (ETH), Binance Coin (BNB), and Dogecoin (DOGE). Each offers distinct value propositions, catering to diverse market participants.
Web3 AI emerges as a formidable force, leveraging artificial intelligence to enhance blockchain interactions. Its suite of AI-driven tools delivers real-time market analytics, risk mitigation, and decision-making support—powered by the native $WAI token, which unlocks premium features and staking rewards.
Ethereum maintains its dominance as the preeminent platform for decentralized applications, with its ecosystem continuing to evolve through layer-2 scaling solutions and institutional adoption. Binance Coin remains integral to the Binance ecosystem, fueling transactions across the world's largest crypto exchange.
Dogecoin defies its meme-coin origins with sustained relevance, buoyed by an active community and increasing merchant acceptance. These assets exemplify the maturation of cryptocurrency markets—where technological substance and real-world use cases increasingly separate contenders from pretenders.
Over $1B in XRP Leaves Exchanges: Is a Massive Rally Brewing?
XRP plunged below $2 amid a broader market sell-off fueled by geopolitical tensions, yet a striking countertrend emerged. Between June 16 and June 22, Binance saw 614 million XRP—worth approximately $1.2 billion—exit its reserves. Such a sharp reduction in exchange-held supply often signals long-term accumulation by investors.
The outflow suggests weakening immediate selling pressure, potentially setting the stage for amplified price moves if demand resurges. XRP currently trades below its 50-day moving average, reflecting short-term bearish momentum, but the withdrawal of liquidity from exchanges could magnify upward volatility during a market rebound.
BNB Coin Surges Amid Market Volatility and Network Upgrades
BNB Coin's price rallied sharply in the last 24 hours as geopolitical tensions eased, with oil prices declining after Iran's limited retaliation and Trump's acknowledgment. The cryptocurrency market's upward momentum was further bolstered by a surge in daily transactions on BNB Chain, which nearly doubled to 17.6 million since mid-June.
The upcoming Maxwell hard fork, scheduled for June 30, promises to halve block times to 0.75 seconds—a technical leap that could enhance BNB Chain's competitiveness. Analysts suggest the upgrade may improve user experience and network throughput, positioning BNB favorably against rival blockchains.
