Some users viewed the asset reallocation as an alarming sign of the platform’s ability to blacklist user funds without requiring a governance proposal.
Some users viewed the asset reallocation as an alarming sign of the platform’s ability to blacklist user funds without requiring a governance proposal.
BitMine’s $3.7 billion paper loss and the falling mNAV valuations are threatening the business model of DATs, according to 10x Research.
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.
India’s government is considering adopting a stablecoin regulatory framework while the Reserve Bank of India urges a «cautious» approach.
Solana’s newly launched ETFs continued to attract heavy inflows, but a weakening market structure threatens a deeper correction to $120 for SOL price.
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.
Crypto’s recent slump could be the result of a market maker liquidity crisis triggered by the crypto crash in October, speculates BitMine’s Tom Lee.
Nic Puckrin, an analyst at The Coin Bureau, said Bitcoin is being “pulled in different directions by conflicting news” as it heads into the weekend.
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.”
Analysts say Bitcoin is nearly in its “max pain” zone as the cost basis of BlackRock’s IBIT and Strategy’s massive BTC treasury draws near.