[ad_1] mNAV speculation in public markets is back. Coined as a colloquial oversimplification in crypto lingo, mNAV means multiple-to-net asset value or the ratio of market capitalization to the crypto assets held by a public company. However, as with most parlance from the nascent crypto sector, the acronym is a misnomer. Unlike trusts, public companies do not have “net assets,” a controlled term, nor is there any right of common shareholders to redeem shares for any assets. Even MicroStrategy, the largest company trading at a positive mNAV, explicitly tells its shareholders that its stock (MSTR) doesn’t confer any ownership interest…
Author: NBTC
[ad_1] In a candid 60-second video, Ripple’s Chief Legal Officer Stuart Alderoty explained that the U.S. Securities and Exchange Commission’s decision to drop Ripple’s case underscores a change in the regulator’s approach to cryptocurrency enforcement. “The SEC has not only dropped its appeal against Ripple, they’ve now dropped every case against every crypto company in the United States,” Alderoty stated. You might also like: XRP flashes bullish signals as EMA’a cross: are bulls in control? ‘Explain what the law is’ Alderoty says the SEC has finally acknowledged what the crypto industry has long argued. Enforcement actions cannot be brought without…
[ad_1] After four straight difficulty hikes beginning March 9, the Bitcoin network finally eased up—registering a 3.34% downward adjustment that offered miners a welcome moment of relief. Bitcoin Network Sees First Difficulty Drop After 4 Consecutive Rises Bitcoin’s difficulty declined for the first time since the March 9, 2025, increase, breaking a streak of four consecutive upward adjustments over the past eight weeks. At block height 895,104, the metric slipped by 3.34%, falling from 123.23 trillion to 119.12 trillion. The 119.12 trillion figure denotes the current Bitcoin network mining difficulty—a dynamic benchmark that defines how computationally demanding it is to…
[ad_1] Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. A new class of blockchains like Berachain, Story (IPfi), Unichain, Monad, and MegaETH are leading a wave of specialized blockchain launches designed to serve increasingly diverse decentralized finance applications. But these chains aren’t just niche alternatives—they’re breaking users free from the constraints of the general-purpose status quo. This approach challenges the long-standing notion that a handful of general-purpose networks can support all use cases—and declares that the future isn’t one monolithic chain to rule them all,…
[ad_1] On-chain data shows a few Bitcoin indicators are following a trajectory that could potentially explain the reason why the latest rally has taken a pause. Bitcoin On-Chain Metrics Have Seen Bearish Developments Recently In a new post on X, an analyst has talked about how a few on-chain indicators related to Bitcoin have changed recently. The first metric of relevance is the “Exchange Reserve,” which measures the total amount of BTC that’s sitting in the wallets associated with centralized exchanges. Below is the chart shared by the quant showing the trend in this indicator: As is visible in the…
[ad_1] Crypto investment firm dao5 raised a $222 million fund to invest in blockchain projects targeting institutional and government adoption. The fund brings the firm’s total assets under management to $550 million. Founded in 2022 by Tekin Salimi, a former partner at Polychain Capital, dao5 made early bets on projects including Story Protocol, Bittensor, Berachain and EigenLayer. The firm’s first fund, launched during the final days of the last bull market three years ago, was fully deployed and has already returned “the vast majority of commitments to its limited partners,” according to a press release shared with CoinDesk. “Crypto is…
[ad_1] The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) might finally be nearing its conclusion — but is it really wrapping up this Thursday? Let’s break down the facts behind the speculation and what’s actually happening. The Viral Tweet — Outdated and Misleading A tweet from Eleanor Terrett has been making the rounds again, suggesting that the SEC would likely address the Ripple case dismissal at a closed-door meeting scheduled for a Thursday. However, what many people may not realize is that tweet is from March. The date isn’t new, and it was relevant…
[ad_1] Ethereum co-founder Vitalik Buterin is doubling down on what he believes is the most underrated strength in crypto: privacy. In a latest X post, he referred to it as the “true alpha,” highlighting a focus not only just on scalability, but on decentralization to protecting users’ data and autonomy in an increasingly monitored world. Buterin’s take is grounded in both philosophy and code, which is usual for the Ethereum (ETH) creator. He recently shared technical updates involving advanced zero-knowledge proof systems — mathematical tools that let users prove things without revealing underlying information. These tools aren’t just abstract theory…
[ad_1] Bitcoin price is consolidating gains above the $94,000 zone. BTC is showing positive signs and might aim for a move above the $95,500 resistance zone. Bitcoin remained supported above the $93,500 zone. The price is trading above $94,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $94,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $95,500 zone. Bitcoin Price Eyes Key Upside Break Bitcoin price remained stable above the $93,500 level and started a fresh…
[ad_1] Tether, the world’s largest stablecoin, has released its attestation for the first quarter of 2025, claiming that it has over $120 billion in exposure to United States Treasury securities and over $1 billion in profit for the quarter. However, it also suggests that Tether keeps very little cash around. Additionally, the attestation shows that Tether’s self-described “equity” (assets minus liabilities) in the report has fallen by almost $1.5 billion this quarter, more than the total profit. This was also the first quarter after Tether relocated to El Salvador. Reserves Tether’s reserves are dominated by US Treasury securities, with nearly…