According to BlockBeats, on September 18th, Jiang Zhuoer, founder of BTC.com, stated that the bStock token BNCB, corresponding to BNC (the BNB treasury company), had previously fallen below $5, presenting a rare opportunity with high certainty of profit. He noted that $5.76 was the starting point for the price surge after CZ (Cheer Zhou) retweeted a post about a BNC name change poll, and the likelihood of it falling below that level is low. Furthermore, at $5.76, mNAV (mNAV) was 61%, meaning a further drop would be equivalent to buying BNB at a 50% discount. Therefore, he believes $5.50 to $5.76 is a good buying opportunity.
Furthermore, using leverage to buy small-cap stocks carries significant risk; therefore, I purchased bstock spot, also known as BNCB. I believe CZ and Binance will drive a "crypto-stock flywheel," and I anticipate more related events to follow.
Today, Binance founder CZ stated that he participated in the name change poll for BNB Treasury Company (BNC) as a community member. After weighing several candidate names, he found that his choice aligned with the votes of other community members. CZ expressed his preference for "BNB Standard," stating that the name felt more powerful. BNC previously launched a consultative vote, inviting community suggestions for the company's future name. The candidate names were: BNB Reserve, BNB Strategies, BNB Treasury Company, and BNB Standard. BNC stated that this vote did not constitute a shareholder vote, and the final name still requires board approval and legal review.
Following this news, CEA Industries bStock (BNCB) continued to rise, breaking through $6.50, with a 24-hour increase of 33%.