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- Ethereum's price slump caused $2.57B losses for staking pools Bitmine and Sharplink as their mNAV fell below 1. - ETH dropped 30% from its September peak, leaving both firms underwater with combined 4.17M ETH holdings. - Despite losses, operators continue "buy the dip" strategies, adding $300M ETH weekly amid fragile market conditions. - Broader crypto weakness and Bitcoin ETF outflows highlight systemic risks as stablecoin issues worsen liquidity.
- UK Chancellor Rachel Reeves faces urgent fiscal pressure to address a £20-35 billion deficit amid rising debt and economic risks, per NIESR analysis. - Proposed tax reforms include a 20% exit tax on high-net-worth individuals and a mansion tax on £2M+ properties, targeting wealth over income to avoid manifesto breaches. - Critics warn these measures risk distorting property markets and reducing revenue, while Ryanair CEO Michael O'Leary threatens operational shifts due to proposed air travel taxes. - Ree
- Sequans Communications sold 970 Bitcoin to repay half its $189M convertible debt, triggering a 16% stock drop as cash reserves dwindled to $13.4M. - CEO Georges Karam called the move "tactical," maintaining Bitcoin treasury strategy while announcing 20% cost cuts and a Q4 2026 break-even target. - Analysts questioned crypto treasury sustainability for weakly capitalized firms, noting Sequans' 47% QoQ revenue decline and $20.4M operating loss including $8.2M Bitcoin impairment. - The sale positioned Sequa
- Corporate Bitcoin treasury buys by firms like ABTC and MicroStrategy amplify market volatility amid macroeconomic risks and geopolitical shocks. - Trump's tariff threats triggered a $19.13B liquidation event, exposing crypto's vulnerability to policy shifts and leveraged trading risks. - While institutional accumulation signals long-term Bitcoin confidence, ETF stagnation and XRP's weak performance highlight structural market fragility. - Analysts warn concentrated treasury holdings distort price dynamic
- Democratic wins in Virginia and New Jersey governor races signal potential 2026 midterm gains, reflecting voter rejection of Trump's policies amid economic frustrations. - Obama's high-profile campaigning for Democratic candidates contrasted with Trump's absence, as GOP reliance on his endorsements faced skepticism and internal divisions. - Democratic ideological rifts emerged, with moderate candidates focusing on affordability crises while progressive socialist Mamdani's victory raised concerns about pa
- 01:38On-chain Whale Movements: "Top 100% Win Rate Whale" Suffers 5 Consecutive Losses, "1011 Insider Whale" Opens Heavy Long PositionsChainCatcher News, according to monitoring by Hyperinsight, here is an overview of the most active on-chain whale movements in the past 24 hours: The "Top 100% Win Rate Whale" closed its approximately $25 million 25x leveraged ETH short position this morning, incurring another loss of $1.44 million, with only about $570,000 in account assets remaining. After a previous 14-win streak, the whale has now recorded five consecutive losses. Over the past month, its contract losses have totaled $31.47 million. The "1011 Insider Whale" increased its 5x leveraged long positions by adding 3,000 ETH and 100 BTC. Its current positions are a BTC long worth $73 million and an ETH long worth $44 million, with a total position value of about $117 million and an overall unrealized loss of $1.8 million. The BTC entry price is $104,520.3, and the ETH entry price is $3,427.14. "Machi Big Brother" Huang Licheng raised about $500,000 to return to Hyperliquid, once again opening a 25x leveraged ETH long position at an entry price of $3,346.26, with a position value of $9.5 million and an unrealized profit of $110,000. Ethereum's largest holding institution, Bitmine, received another 20,205 ETH from an exchange and FalconX this morning, worth $69.89 million. Over the past 30 days, its total ETH holdings have increased by about 20%. Bitmine currently holds about 3.4 million ETH, valued at approximately $11.32 billion. The "HYPE Listing Insider Whale" increased its long positions in HYPE and PURR. The current 5x leveraged HYPE long position is worth $53 million, with an entry price of $39.1891 and an unrealized profit of over $2.13 million; the 3x leveraged PURR long position is worth $500,000. The "Steadfast 25x ETH Long Whale" increased its position, which is now valued at $7.6 million, with an entry price of $3,434.29 and an unrealized loss of $120,000.
- 01:38US lawmakers to meet with crypto czar David Sacks to discuss market structure billChainCatcher reported that U.S. lawmakers plan to meet with David Sacks, the crypto advisor to the Trump administration, to discuss matters related to the crypto market structure bill.
- 01:05JPMorgan CEO: An economic recession with credit implications is comingChainCatcher news, JPMorgan CEO Jamie Dimon stated this morning: We are heading for an economic recession with credit implications, though the exact timing is unclear. Asset prices are quite high, and there is always a risk of market downturns.