Binance’s BNB Chain Gets Major Boost with 10X Capital’s Treasury Company Launch
10X Capital has announced the launch of the Treasury Company, a U.S.-based investment initiative dedicated to the BNB Chain ecosystem. Backed by YZi Labs, this venture seeks to mirror the success of Bitcoin treasury strategies while capitalizing on BNB's $92 billion market cap as Binance's native token. The company also plans to go public on a major U.S. exchange, providing American investors with access to the world's fourth-largest cryptocurrency. This development marks a significant milestone for the BNB Chain ecosystem and underscores the growing institutional interest in blockchain-based assets.
10X Capital Launches BNB Treasury Company Backed by YZi Labs
10X Capital has unveiled the Treasury Company, a U.S.-based initiative focused exclusively on BNB Chain ecosystem investments. Backed by YZi Labs, the venture aims to replicate the success of bitcoin treasury strategies, targeting BNB's $92 billion market cap as Binance's native token.
The company plans a public listing on a major U.S. exchange, offering American investors exposure to the world's fourth-largest cryptocurrency. Leadership includes Galaxy Digital co-founder David Namdar and institutional investor Russell Read, former CIO of CalPERS.
The MOVE coincides with growing corporate adoption of BNB as a reserve asset, highlighted by Nano Labs' recent $50 million purchase of 74,315 BNB tokens at $672.45 each. The Chinese firm aims to control 5-10% of BNB's circulating supply.
Shiba Inu Rally Stalls as Whales Shift Positions; Low-Cap Altcoin Gains Traction
Shiba Inu's recent price stagnation has triggered a wave of sell-offs among major holders, with trillions of SHIB tokens moved to exchanges. The meme coin now trades at $0.00001177, down 12% in a single day. Santiment data reveals over half of SHIB's supply is concentrated in just ten wallets, amplifying the impact of whale movements.
While SHIB faces pressure, institutional interest pivots toward utility-driven projects like Remittix (RTX). A notable 2.87 trillion SHIB transfer—initially interpreted as a sale—was later confirmed as a custody shift. Market volatility persists as Binance and other exchanges see heightened SHIB liquidity.
Bhutan Government Takes Bitcoin Profits Amid Market Rally
Bhutan's sovereign investment arm, Druk Holding and Investments, moved 213.5 BTC worth $23.73 million to Binance this week—marking its second major transfer to the exchange in as many weeks. The transactions coincided with Bitcoin breaking consolidation to hit $112,052, fueled by $60 billion in 24-hour trading volume.
The Himalayan kingdom's crypto portfolio grew to $1.304 billion as BTC appreciated 5.3% week-over-week. While the Binance-bound coins likely represent profit-taking, blockchain data suggests Bhutan maintains its 11.93K BTC position through internal adjustments or mining.
Bhutan Transfers $23M in Bitcoin to Binance: Strategic Move or Selloff?
The Bhutanese government has moved 212.31 BTC, valued at approximately $23 million, to Binance. This transaction raises questions about whether the transfer is part of a broader strategic initiative or the beginning of a selloff.
Market observers are closely monitoring the situation for potential impacts on Bitcoin's liquidity and price action. Sovereign wealth movements in crypto remain rare but increasingly significant as institutional adoption grows.
Shiba Inu Price Prediction: Whale Activity Surges as SHIB Blasts Up – Big News Could Be Coming
Shiba Inu (SHIB) is gaining momentum with a 3% overnight price increase, signaling a potential recovery. The meme coin has surpassed the 23.6% Fibonacci retracement level of its May–June downturn, marking a 5.4% weekly gain. Derivatives market activity is heating up, with SHIB perpetual futures open interest on Binance exceeding 7 million tokens for the first time since late May.
Technical indicators bolster the bullish case. The 14-day Relative Strength Index (RSI) has crossed above 50 to 57, its first positive signal in weeks. Daily trading volumes have also surged past the 307.5 billion token average, underscoring renewed investor confidence.
Whale movements present a potential headwind, however. Blockchain data reveals ten wallets control over half of SHIB's circulating supply, creating concentration risks. The token now faces a critical resistance test that could determine its near-term trajectory.
Bitcoin Nears All-Time High as Exchange Inflows Plummet
Bitcoin stands on the precipice of uncharted territory, flirting with its all-time high of $112,000. The cryptocurrency briefly surpassed this threshold by $40 before retreating slightly. Market participants are now watching for a decisive breakout that could usher in a new phase of price discovery.
Behind the price action lies a telling behavioral shift among investors. Bitcoin inflows to Binance—traditionally a proxy for sell pressure—have collapsed to cycle lows. Analyst Darkfost notes this suggests long-term holders are refusing to liquidate positions even at near-record prices. The combination of technical strength and reduced exchange deposits creates a historically bullish setup.
The market structure appears primed for expansion. With bulls firmly in control but struggling to maintain momentum above $112K, the next few trading sessions could determine whether Bitcoin enters a parabolic advance or faces consolidation. Exchange liquidity dynamics now mirror the hodling behavior typically seen during early bull market phases.
