Shareholders force listed firm to liquidate full BTC treasury at £40k loss
The sell crystallised a £39,984-per-coin loss and signals a wider pivot among treasury holders treating BTC as liquidity rather than a permanent reserve.
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The sell crystallised a £39,984-per-coin loss and signals a wider pivot among treasury holders treating BTC as liquidity rather than a permanent reserve.
The unwind itself was the sell signal; the squeeze in IREN, Core Scientific and peers suggests short sellers crowded into a thesis that just broke.
The fourth distribution drops $2.2B into a market already under macro pressure, and any creditor that fails to onboard by the deadline forfeits the claim outright.
The dilution machine is breaking. Two years of buy-buy-buy lifted treasury stocks; now shareholders are selling the equity because the math stopped working.
Glassnode says the marginal BTC buyer is now being paid to wait: only the second time on record that Treasury yields beat the carry trade, with spot volume at a 2019 low.
Senate Majority Leader Thune has conceded the bill will not pass before September, freezing US crypto market structure legislation through election season and exposing a deeper industry split over…
The rebound off a five-month decline carries a familiar shape: Aave alone holds 46.2% of the market, and one more print is needed before the recovery call sticks.
CoinMarketCap's top 10 sits identical as of 15:00 UTC on 30 Jul 2026 — same constituents, same order, and a 24-hour…
Sonic, Scroll, zkSync, Metis, Soneium and Aptos together hold under 1% of Aave's $14B TVL and earn less than a dinner per chain each quarter, while protocol revenue is already sliding.
The reverse split keeps the listing alive, but a suspended stock leaves BTC treasury management under a cloud while the company still sits on roughly 8,000 BTC.
Prediction markets now price just a 37% chance of passage before year-end, and the bank warns delays risk pushing tokenization onto TradFi rails rather than public crypto networks.
Wall Street desks have quietly reshaped crypto's plumbing: realized volatility has dropped from 70% to 45% across cycles, altcoin flows concentrate in fewer names, and tokenized RWA just climbed to…
With September hike odds jumping to 43% from 23% on the same day, the real story isn't the hold, it's the market's read that the Fed is now behind the curve on the long end.
A listed company trimming its BTC treasury to pay for a concrete expansion is a different signal from selling into a drawdown: it is a capital allocation move, not a loss cut.
The miss is large enough to reopen the recession-bid conversation on its own, and it lands the same week as the Fed's rate decision.
The $27M July outflow is the first negative month for Hyperliquid ETFs after $280M of cumulative inflows, yet Grayscale argues HYPE trades at 15-18x projected earnings versus 35-40x for Coinbase and…
The holder count more than doubled month-over-month, with Robinhood's new chain capturing the largest share in under four weeks, signalling that tokenized equities are moving from niche product to…
The chain beat Solana's $10.6B and Ethereum's $5.8B in weekly DEX flow, but the price still needs to clear the $620 to $646 resistance before any breakout call sticks.
The rotation trims the speculative edge of the complex (BitMine, Block, Robinhood) and concentrates into the regulated on-ramp and the largest US stablecoin issuer, a posture that usually reflects a…
ETF flows get the headlines, but the real fragility sits in Bitcoin-backed credit: a 50% LTV loan liquidates near $39,900, and the credit stack that built up around that collateral is mostly…