Ether treasury companies are holding millions of dollars in unrealized losses, and the falling mNAV valuations and ETH’s potential to fall below $2,500 may further complicate matters.
Solana’s newly launched ETFs continued to attract heavy inflows, but a weakening market structure threatens a deeper correction to $120 for SOL price.
India’s government is considering adopting a stablecoin regulatory framework while the Reserve Bank of India urges a «cautious» approach.
21Shares, one of the largest crypto ETF issuers with $8 billion in assets, continues to introduce more investment products in Europe as an influx of new crypto ETFs hits the US.
BitMine’s $3.7 billion paper loss and the falling mNAV valuations are threatening the business model of DATs, according to 10x Research.
Some users viewed the asset reallocation as an alarming sign of the platform’s ability to blacklist user funds without requiring a governance proposal.
Cathie Wood’s ARK Invest bought over $39 million in Bullish, Circle and BitMine shares as crypto stocks dipped, signaling conviction amid market weakness.
If the MSCI decides to exclude digital asset treasuries, index-tracking funds would need to sell, and that alone “creates meaningful pressure on the affected names.”
The 21shares Solana exchange-traded fund (TSOL) debuted with over $100 million in assets under management, signaling investor interest.
Bulls are struggling to hold Bitcoin price above $90,000, but BTC and altcoin charts suggest new yearly lows are the most likely outcome for cryptocurrencies in the short term.