BitMine sits on .7B loss as DAT ‘Hotel California’ meets BlackRock’s staked ETH ETF

BitMine sits on $3.7B loss as DAT ‘Hotel California’ meets BlackRock’s staked ETH ETF

BitMine’s $3.7 billion paper loss and the falling mNAV valuations are threatening the business model of DATs, according to 10x Research. Concerns are mounting over the sustainability of corporate crypto-treasury firms as BlackRock moves forward with a staked Ether fund that analysts say could compete directly with existing digital-asset treasuries. BitMine Immersion Technologies, the world’s…

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Here’s what happened in crypto today

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, CoinShares reported Monday that crypto investment products saw their largest outflow of funds since February amid an ongoing period of market panic, Bitcoin briefly…

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Solana ETFs see inflows for 4th consecutive day amid ‘capital rotation’ from Bitcoin, Ether funds

Solana ETFs see inflows for 4th consecutive day amid ‘capital rotation’ from Bitcoin, Ether funds

Kronos Research’s Vincent Liu expects Solana ETF inflows to continue next week, noting that rotation from Bitcoin and Ether will likely persist. Spot Solana exchange-traded funds (ETFs) continue to attract investor interest, recording their fourth straight day of inflows amid “capital rotation” from Bitcoin and Ether funds. According to data from SoSoValue, spot Solana (SOL)…

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