According to Cointelegraph, a recent report from venture capital firm Breed highlights the potential challenges facing Bitcoin (BTC) treasury companies. The report suggests that only a few of these companies will withstand the "death spiral" that threatens those trading close to their net asset value (NAV), which is calculated as a business entity's total assets minus its liabilities. The report emphasizes that the sustainability of Bitcoin treasury companies depends on their ability to maintain a multiple of their net asset value (MNAV). Breed's analysis outlines a seven-phase decline for BTC treasury companies, beginning with a drop in Bitcoin's price that leads to a decrease in MNAV, causing a company's share price to approach its actual NAV. This situation complicates the ability of BTC holding companies to secure necessary debt and equity financing, which is crucial for converting the inflationary US dollar into a supply-capped appreciating asset. As credit access diminishes and debt maturity approaches, margin calls may force firms to sell BTC, further lowering its price and leading to consolidation among holding companies. This could potentially trigger a prolonged market downturn. The report notes that only a select few companies will maintain a lasting MNAV premium through strong leadership, disciplined execution, savvy marketing, and distinctive strategies that grow Bitcoin-per-share despite market fluctuations. The report also suggests that this "death spiral" could initiate the next crypto bear market. However, it points out that most BTC treasury companies currently finance their purchases with equity rather than debt, which may contain the potential implosion. The authors caution that the situation could change if debt financing becomes more prevalent than equity financing. Despite these challenges, Bitcoin treasury companies have become a significant trend in 2025. Michael Saylor's company, Strategy, has been purchasing Bitcoin since 2020, popularizing the BTC corporate treasury concept, which has gained considerable momentum over the past two years. Currently, over 250 organizations, including corporations, government entities, exchange-traded funds (ETFs), pension funds, and digital asset service providers, hold Bitcoin, according to BitcoinTreasuries.

Catenaa, Saturday, June 28, 2025- Crypto exchange Kraken announced Thursday it is offering Bitcoin holders the ability to stake their BTC on its platform and earn rewards in Babylon’s native BABY token. The feature uses Babylon’s protocol to let users lock up Bitcoin to support proof-of-stake (PoS) networks, a first for Bitcoin holders on a […] source: https://investors.catenaa.com/news/kraken-unveils-btc-staking-with-rewards-in-baby-tokens

Across co-founder Hart Lambur addresses allegations of fund misappropriation, emphasizing transparency and nonprofit compliance. source: https://coincu.com/345752-across-cofounder-denies-fund-misuse

The surge follows regulatory changes in 2024 that allowed banks to route crypto payments, making Bolivia one of Latin America’s […] The post Bolivia Turns to Crypto as Dollar Shortage Deepens appeared first on Coindoo. source: https://coindoo.com/bolivia-turns-to-crypto-as-dollar-shortage-deepens/

New laws are calling for daily transaction limits on Bitcoin ATMs — with some cities banning them altogether. The post Why the U. S. source: https://cryptonews.com/exclusives/why-the-u-s-is-clamping-down-on-bitcoin-atms/

The vote passed with a near-universal majority of votes in favor, though the vote's quorum was only narrowly surpassed. source: https://www.theblock.co/post/360212/lido-dao-votes-to-enable-dual-governance-giving-stakers-veto-power?utm_source=rss&utm_medium=rss

In 2025, the company was included on TIME’s list of 100 Most Influential Companies, not for its trading volume, but […] The post Coinbase Joins TIME’s 2025 List of Most Influential Companies appeared first on Coindoo. source: https://coindoo.com/coinbase-joins-times-2025-list-of-most-influential-companies/

As the second half of the year approaches, markets are predicting that Bitcoin (BTC) is likely to trade near its current levels. Notably, Bitcoin has regained bullish momentum as investors have reacted positively to the easing of geopolitical tensions in the Middle East.  The cryptocurrency is now targeting the $110,000 resistance level. At press time, Bitcoin was trading at $107,346, up nearly 0 source: https://finbold.com/cryptocurrency-markets-predict-bitcoins-price-for-july-1/

null source: https://x.com/DaanCrypto/status/1939051426556113196

The analytics platform Glassnode says that Bitcoin’s (BTC) uptrend remains solid as long as one crucial support area holds. Glassnode says the data visualization tool Cost Basis Distribution (CBD) heatmap shows Bitcoin has strong support at the “structurally important” zone between the $93,000 – $100,000 range. source: https://dailyhodl.com/2025/06/28/bitcoin-bull-trend-remains-intact-according-to-crypto-analytics-firm-glassnode-but-theres-a-catch/

العملات المستقرة، النظام المالي، البنوك، ما هي العملات المستقرة التي يُثار حولها جدلٌ واسعٌ حول العالم؟ يا جولدن فاينانس، المستقبل قادم، فقط من يتمتع بالاستقرار يستطيع تحقيق أهدافه!

هل ستتفاجأ إذا حققت شركة ما أكثر من 13 مليار دولار من الأرباح الصافية مع وجود 165 موظفًا فقط؟

في 27 يونيو، جذب إطلاق الأوراق المالية المميزة ذات الفائدة في منطقة هونج كونج الإدارية الخاصة في الصين اهتمامًا واسع النطاق من السوق المالية المحلية.

أعلن رئيس بنك الاحتياطي الفيدرالي الأمريكي جيروم باول فجأة أن مخاطر السمعة سيتم إزالتها من نظام تقييم التنظيم المصرفي.

في خضم جنون الاكتتاب العام الأولي لعملة Circle، كنا نتساءل عن المرحلة التالية في ساحة معركة العملات المستقرة؟

ليو ينغ: العملة المستقرة نوع خاص من العملات المشفرة. ما يُسمى بالخصوصية هو في الواقع الأصل الذي ترتبط به، والذي قد يكون عملة قانونية أو ذهبًا.

لقد جذب استحواذ شركة Guotai Junan International على ترخيص العملات المشفرة في هونج كونج الانتباه، لكن سوق العملات المشفرة في هونج كونج يواجه قيودًا مثل ضوابط الصرف الأجنبي والتحقق من الهوية، والتأثير مختلف عما كان متصورًا.

إذا تمكنت هونج كونج من حل مشاكل تكاليف الامتثال والتحقق الفني مع الحفاظ على المرونة التنظيمية، فمن المتوقع أن تصبح مركزًا عالميًا للعملات المستقرة وإعادة تشكيل سلسلة قيمة الأصول الرقمية.

أطلقت Golden Finance العدد 2738 من "Golden Morning 8" - وهو تقرير صباحي عن صناعة العملات المشفرة والبلوكشين، يوفر لك أحدث وأسرع الأخبار حول صناعة العملات الرقمية والبلوكشين.

华兴资本控股有限公司正处于一个关键的战略拐点。公司正利用其在中国“新经济”领域占据主导地位的金融生态系统，开创一种受监管的、由加密技术赋能的新型投资银行模式。