Binance’s YZi Labs Supports BNB Treasury Company Aiming for US Stock Exchange Listing

YZi Labs, the investment vehicle co-founded by Binance's CZ and managing over $10 billion in assets globally, has announced its backing for 10X Capital's establishment of the BNB Treasury Company. This independent US-based initiative is dedicated to digital asset treasury management within the BNB Chain ecosystem and has set its sights on a public listing on a major US stock exchange. The BNB Treasury Company aims to provide US investors with regulated exposure to the growing digital asset space, marking a significant step in bridging traditional finance with the cryptocurrency market. This move underscores Binance's continued expansion and institutional adoption of blockchain-based financial solutions.

Binance Co-Founder CZ's YZi Labs Backs BNB Treasury Company Targeting US Stock Exchange Listing

YZi Labs, the investment vehicle managing over $10 billion in assets globally, has announced its support for 10X Capital's establishment of the BNB Treasury Company. This independent US initiative focuses exclusively on digital asset treasury management within the BNB Chain ecosystem and aims to pursue a public listing on a major US stock exchange.

The BNB Treasury Company seeks to provide US investors with exposure to BNB, the world's fourth-largest digital asset token by market capitalization. The MOVE addresses limited institutional and retail access to the high-performing blockchain ecosystem, marking a significant step toward mainstream adoption of BNB Chain assets through traditional financial markets.

"BNB Chain is one of the most widely adopted blockchain ecosystems. BNB is the gas, the glue, and the governance LAYER for a scalable, decentralized future," said Ella Zhang, head of YZi Labs. The initiative combines the strengths of the BNB ecosystem with 10X Capital's expertise in traditional finance.

Treasure MAGIC Crypto Surges 30%, Eyes Further Gains Amid Bullish Momentum

MAGIC, the native token of Treasure DAO, has surged 30% in the past 24 hours, breaking free from a prolonged sideways consolidation. The rally outpaced blue-chip cryptocurrencies like Bitcoin and Ethereum, which posted modest 3% gains during the same period.

Trading volume for MAGIC spiked over 70%, with Binance accounting for 60% of total activity. The token's breakout from a descending channel suggests potential for further upside, with traders targeting $0.30 and $0.60 as next resistance levels.

The Treasure DAO team continues to build, integrating NFTs and AI into web3 gaming ecosystems. This development activity appears to be fueling investor confidence despite broader market focus on larger-cap assets.

CZ and YZi Labs Back US-Based BNB Treasury Venture via 10X Capital

Binance co-founders Changpeng Zhao (CZ) and Yi He are channeling their $10 billion AUM investment firm YZi Labs to support 10X Capital's creation of the first publicly traded BNB treasury company. The Wall Street-facing vehicle mirrors Bitcoin and ethereum treasury strategies, with ex-Galaxy Digital and Kraken executives leading the charge.

YZi Labs' endorsement signals institutional validation for BNB as a treasury asset class. The move establishes a regulated gateway for US investors to gain exposure to BNB's ecosystem growth without direct crypto ownership - a strategic play as regulatory clarity evolves.

Binance’s Zhao Advocates for AI-Driven Legal Simplification

Changpeng Zhao, founder of Binance, has called on governments to leverage artificial intelligence—particularly large language models—to demystify complex legal systems. In a July 10 post on X, he highlighted how layered and contradictory laws have created barriers for public understanding.

LLMs like ChatGPT could analyze dense legal texts, flag inconsistencies, and rewrite clauses in plain language. Zhao emphasized this as a tool for accessibility, not a replacement for lawyers. "The law has become a labyrinth," he noted, "but AI can help map the exits."

Bitcoin Hits Record $112,700 as ETF Demand Tightens Supply

Bitcoin surged to an unprecedented $112,787.30 on Binance spot markets, marking a new all-time high. The rally triggered over $50 million in liquidations within a single hour, underscoring heightened market volatility.

Spot bitcoin ETFs recorded $218 million in net inflows on July 9, extending a five-day streak of positive demand. BlackRock's IBIT led the charge, while secondary trading volume diversified across smaller issuers. Cumulative ETF inflows now exceed $50 billion, applying sustained pressure on available supply.

Macroeconomic tailwinds emerged as the dollar index declined for three consecutive sessions. Federal Reserve minutes hinted at potential rate cuts later this year, while new US tariff threats introduced inflationary concerns. "Tariff-driven price pressures may ultimately benefit Bitcoin by weakening the dollar," noted Bitfinex derivatives head Jag Kooner.

Futures markets show restrained optimism, with CME and Binance contracts trading at 9-11% annualized premiums—well below March's 35% extremes. This suggests Leveraged positions have reset, creating room for organic upside.

Best Cryptos To Buy Right Now: PEPE, XRP, SOL & ETH Show Potential Amid Market Activity

Four altcoins—Pepe, XRP, Solana, and Ethereum—are displaying technical setups that could trigger price movements before summer ends. Pepe, despite a 40% drop from its May high, shows signs of whale accumulation, with on-chain data revealing a 4.1% increase in large holdings. A key Fibonacci level and bullish order block suggest a potential rebound.

XRP's legal overhang may soon clear as Ripple drops its cross-appeal, with traders anticipating a final SEC resolution. Analysts speculate a breakout toward $3–$4 if regulatory clarity emerges. Meanwhile, whispers surround Remittix (RTX), a new payment token attracting early investor interest.