As bitcoin treasury companies continue to struggle with tumbling share prices and rapidly slowing bitcoin accumulation in a tightening market, many are now trading below a 1x multiple to their net asset value (mNAV). In other words, for these “pure play” treasury holders (i.e., excluding miners like MARA Holdings and broader crypto platforms such as
A new report from Architect Partners has revealed that crypto-related mergers and acquisitions (M&A) topped $10 billion in value during the third quarter of this year. This is the largest total ever recorded for the sector. That figure doubles the previous record of $5 billion set earlier this year and represents a thirtyfold jump compared
Bitcoin‘s (BTC) price has shed over $15,000 since hitting an all-time high (ATH) of $126,198 in the first week of October. The sharp price drop triggered by the broader crypto liquidation caused a massive sell-off. However, recent on-chain data hints at a bullish rally in the coming days. Bitcoin seeing declining sell pressure As highlighted
Federal Reserve Governor Christopher Waller floated the idea of the central bank creating a “skinny master account” for crypto firms which would grant them access to the Fed’s payment rails while keeping them away from a full Fed master account. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and
Kyrgyzstan is moving ahead with its national cryptocurrency strategy, launching a stablecoin and preparing for a public sector rollout of a central bank digital currency (CBDC),according to Binance co-founder and former CEO Changpeng Zhao (CZ). The new stablecoin, believed to be KGST, is pegged 1:1 to the national currency, Kyrgyzstan’s Som, and is registered in
On-chain analytics platform Glassnode reported that increased selling from long-dormant Bitcoin wallets in recent weeks has created a significant resistance limiting price gains. According to the company’s social media post, approximately 62,000 BTC have been moved from long-dormant wallets since mid-October. Glassnode noted that this has increased the supply in the market, making it harder
Capybara Stocks started posting his stock picks on Reddit as an exercise to understand his own trading methods—and create a way for others to tell him that he’s wrong. Now, a lot more people think he’s got the right idea. Last week, the trader posted about his $3 million gamble on Beyond Meat, the stock
Tom Lee says U.S. stocks can finish 2025 higher and crypto should rally into year-end after a sharp deleveraging, laying out his case during an interview Friday on CNBC’s “Closing Bell: Overtime.” Pressed by co-host Jon Fortt on whether the risk-on trade is back, Lee, who is the chairman of Bitmine Immersion Technologies (BMNR), as