- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
YZi Labs: CEA Industries Board Adopts Poison Pill Plan to Thwart Shareholder Written Consent Rights, Calls on Board to Avoid Further Entrenchment
BlockBeats News, January 7th, YZi Labs posted on X Platform stating that as a significant shareholder of CEA Industries (BNC), YZi Labs is disappointed in the company's board of directors for the "poison pill plan" and charter amendments implemented in response to YZi Labs' solicitation of a written consent process. YZi Labs believes these actions are intended to frustrate and delay shareholders' ability to exercise rights through written consent, with the purpose of entrenching the board's position rather than protecting shareholder interests, and calls on the board to avoid further manipulative behavior.
YZi Labs noted that the BNC board has postponed the 2025 annual meeting scheduled for December 17th and urges the board to refrain from further manipulative behavior and ensure a fair director nomination and election process. In addition, YZi Labs refuted BNC's statement that alternative token strategies were never considered, stating that BNC CEO David Namdar had explicitly mentioned exploring a switch to assets like Solana during a November 2025 meeting.
YZi Labs has filed a preliminary consent statement with the SEC to expand the BNC board and elect its nominated director candidates. Individuals participating in this solicitation include YZi Labs Management, Binance founder Changpeng Zhao, Max Baucus Sieben, David James Chapman, Marie Teresa Goody Guillené, Jiajin He, Alex Odagiu, Matthew Roszak, and Ling Zhang. Currently, YZi Labs Management directly owns 2,150,481 shares of BNC common stock.
You may also like
Telegram 2025 Financial Report Puzzle: Revenue Soars by 65%, Yet Plagued by $200 Million Loss Due to TON?
North Korean Hackers Enjoy 'Fat Years': Stole Record Amount in 2025, With Money Laundering Cycle of About 45 Days
Crypto and AI: the hidden digital gray market of Xianyu
Crypto and AI: You Can Buy Anything on Xianyu.
Why Is On-Chain Fixed-Rate Lending Hard to Come By? "Basis Swap" Trading Is the Way Out
What’s Driving Crypto Markets in Early 2026: Market Swings, AI Trading, and ETF Flows？
Imagine checking Bitcoin and Ethereum prices in a day — one minute up 5%, the next down 4%. Sharp moves, quick reversals, and sensitivity to macro signals marked the first week of 2026. After an early-year rally, both assets pulled back as markets recalibrated expectations around U.S. monetary policy and institutional flows. For traders — including those relying on AI or automated systems — this period offered a vivid reminder: abundant signals do not guarantee clarity. Staying disciplined in execution is often the real challenge.
America's First State-Backed Stablecoin FRNT: Can It Save Wyoming Amid Energy Slump?
Zcash Core Team Exodus Story, Crypto's Own OpenAI Drama
Kinetiq Exclusive Interview: From Hyperliquid's Largest LST Protocol to the "Exchange Factory"
Glassnode New Year Report: $95K Call Option Premium, Bulls Shift to Aggressive Offense
Base contributes 70% of revenue but pays only 2.5% in rent; Superchain may be entering its "forking" countdown
ZCash Team Split, Bank of America Upgrades Coinbase Rating, What's the Overseas Crypto Community Talking About Today?
WEEX Global AI Trading Hackathon Kicks Off: $1.88M Prize Pool Powers the Next Generation of AI Trading Champions
WEEX Labs, the innovation arm of WEEX, a leading global crypto exchange serving over 6.2 million users across 150+ countries, is set to kick off the preliminary round of its flagship global AI trading hackathon, AI Wars: WEEX Alpha Awakens, on January 12, 2026. Backed by the strong support of world-class sponsors including Amazon Web Services (AWS), the total prize pool has surged from $880,000 to an unprecedented $1,880,000, positioning AI Wars among the largest AI trading hackathons in the crypto industry. At the top of the leaderboard awaits an extraordinary champion prize — a Bentley Bentayga S, already on standby in Dubai, ready to be claimed by the ultimate AI trading victor.
December Exchange Rankings: CEX and DEX Simultaneously Weaken, On-Chain Perpetual Contract Trading Volume Declines by 30%
2025 Market Prediction Retrospective: Total Transaction Volume Exceeds $50 Billion, Duopoly Market Share Exceeds 97.5%
Key Market Info Discrepancy on January 9th - A Must-Read! | Alpha Morning Report
Aster Coin: A Deep Dive into Its Price, Potential, and Why It’s Catching Eyes in 2026
Have you ever stumbled upon a crypto project that seems poised for growth amid market volatility, only to…
Left Hand BTC, Right Hand AI Computing Power: The Gold and Oil of the Data Intelligence Era
Wyoming’s FRNT Stablecoin Launches — First State-Backed Stablecoin Hits Market
Key Takeaways Wyoming leads innovation in the U.S. by launching the first state-backed stablecoin, FRNT, representing a pivotal…
Telegram 2025 Financial Report Puzzle: Revenue Soars by 65%, Yet Plagued by $200 Million Loss Due to TON?
North Korean Hackers Enjoy 'Fat Years': Stole Record Amount in 2025, With Money Laundering Cycle of About 45 Days
Crypto and AI: the hidden digital gray market of Xianyu
Crypto and AI: You Can Buy Anything on Xianyu.
Why Is On-Chain Fixed-Rate Lending Hard to Come By? "Basis Swap" Trading Is the Way Out
What’s Driving Crypto Markets in Early 2026: Market Swings, AI Trading, and ETF Flows？
Imagine checking Bitcoin and Ethereum prices in a day — one minute up 5%, the next down 4%. Sharp moves, quick reversals, and sensitivity to macro signals marked the first week of 2026. After an early-year rally, both assets pulled back as markets recalibrated expectations around U.S. monetary policy and institutional flows. For traders — including those relying on AI or automated systems — this period offered a vivid reminder: abundant signals do not guarantee clarity. Staying disciplined in execution is often the real challenge.
App