News linked to both this project and an event.
According to the official announcement, Binance will open trading for the BNCB/USDT pair of bStocks CEA Industries (BNCB) at 20:00 on September 14.
According to on-chain analyst Ai Yi (@ai_9684xtpa), Four Meme has launched 4Stock, a new platform introducing the "crypto-equity + launchpad" concept. Its corresponding BSC meme token, $4Stock, has swiftly breached a $50M market cap. Of these, $BNC4 serves as the first stock brought on-chain via 4Stock, pegged to the US equity BNC (the BNB-version equivalent of MicroStrategy, tracking the ticker for publicly traded US firm CEA Industries supported by YZi Labs). In theory, it maintains a 1:1 peg with the underlying stock. However, driven by market speculation, BNC4's price briefly surged to $35, nearly eight times the after-hours price of the underlying equity. Arbitrageurs subsequently exploited the platform's Mint mechanism to redeem BNC4 for USDT, triggering massive profit-taking sales and causing the BNC4 price to immediately crash. User @ShawnThread redeemed 6,666 BNC4 for 231,000 USDT, becoming the first successful arbitrageur.
: According to official announcements, Bitget has listed perpetual contracts for 13 stocks and ETFs, including TTWO (Take-Two Interactive Software), BSP (Bending Spoons), SUMIELEC (Sumitomo Electric Industries), DISK (Tema Storage ETF), and BNC (CEA Industries). These contracts are settled in USDT, support up to 20x leverage, and are available for 7×24 trading.