YZi Labs: CEA Industries Board Adopts Poison Pill Plan to Deter Shareholder Written Consent Rights, Calls on Board to Avoid Further Entrenchment
January 7, YZi Labs announced on X that as a major shareholder of CEA Industries (BNC), it is disappointed in the company’s board of directors for adopting a poison pill and amending bylaws in response to YZi Labs’ launch of a written consent solicitation.
YZi Labs contends these actions are intended to block and delay shareholders from exercising their rights via written consent—aimed at entrenching the board’s position rather than protecting shareholder interests—and calls on the board to refrain from further manipulative conduct.
The firm also notes the BNC board has postponed its 2025 annual meeting, originally scheduled for December 17, and urges the board to desist from additional manipulative behavior to ensure a fair director nomination and election process.
Additionally, YZi Labs disputes BNC’s claim that alternative token strategies were never considered, stating BNC CEO David Namdar explicitly referenced exploring a switch to assets like Solana during a November 202
10 minutes ago
Ripple Reiterates No IPO Plans, Says Company's Balance Sheet is Strong and Focused on Growth
On January 7th, Ripple CEO Monica Long announced the company has no current plans for an initial public offering (IPO), will remain privately held, and will prioritize growth via product development and acquisitions.
She noted Ripple’s solid financial position means it does not need to access public capital markets for liquidity, and already has the capacity to continue investing in its development.
Long’s comments follow Ripple’s ~$5 billion funding round in November 2025, which valued the firm at ~$40 billion. Investors include Fortress Investment Group, Citadel Securities, and several crypto funds. Regarding investor protection in the round’s terms, she only said the overall structure favors Ripple, without disclosing specific details.
The report also notes Ripple completed multiple 2025 acquisitions: prime broker-dealer Hidden Road, stablecoin payment platform Rail, treasury management system GTreasury, and digital asset wallet/custody firm Palisade—totaling nearly $4 bill
10 minutes ago
Polymarket Denies Venezuela Invasion, Sparking Community Backlash
**Jan. 7 (MarketWatch) — Prediction market Polymarket has refused to pay out on bets tied to “U.S. Will Invade Venezuela,” arguing weekend events did not constitute an “invasion” — sparking strong customer dissatisfaction.**
Polymarket’s website shows the market “U.S. invades Venezuela before Dec. 31” is currently ruled false, with a trading volume of $2.76 million.
Anonymous users on the platform questioned, “What exactly counts as an invasion?” labeling the company “Polyscam.” One user slammed “outright arbitrary rulings”: “Words are redefined at will, detached from recognized meaning; facts are ignored. A military raid, head of state kidnapping, and country takeover aren’t considered an invasion — that’s absurd.” Others asked, “Is this a joke?” and “Does this not count as an invasion just because it was swift and had a low death toll?” (The New York Times cited a Venezuelan official saying the raid killed 80.)
Polymarket explained the market defines “invasion” as a U.S. mil
10 minutes ago
「Seven In, Seven Out Shorting ZEC」 Whale Re-enters Short ZEC, Average Entry Price $507.66
On January 7, per monitoring from HyperInsight (via its Telegram channel @HyperInsight), the "Strong Short ZEC" whale re-entered the market this morning after closing out its ZEC short position yesterday morning.
Currently, the whale holds a short position of 3,697.06 ZEC with 2x leverage (valued at approximately $1.83 million). The position has an average entry price of $507.66 and $41,000 in unrealized profit.
Prior to this, the address executed seven ZEC short positions (with no long positions) and accumulated a total loss of $508,000.
10 minutes ago
Tempo Introduces TIP-20 Token Standard for Stablecoins and Payment Use Cases
On January 7, the Tempo team launched its native token standard TIP-20, targeted at stablecoin and payment-focused token use cases.
Per the official announcement, TIP-20 is ERC-20-compatible and adds features like transfer memos, compliance controls, and reward distribution—aimed at addressing real-world needs for payments, settlements, and fund management.
Tempo notes TIP-20 enables customized stablecoin issuance for specific payment scenarios, supports high-throughput transactions with predictable fees, and allows stablecoin trading on Tempo’s native decentralized exchange (DEX). The standard also includes role-based permission management and policy registries to support compliance and operational oversight.
Infrastructure providers including AllUnity, Bridge, and LayerZero have already started supporting TIP-20, per official disclosures. Tempo adds the standard works for stablecoin issuers and can be extended to other homogeneous assets, reducing custom development costs an
10 minutes ago