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Digital-Cryptor
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Avalanche Treasury stock plunges 73% since debut as company's $AVAX holdings lose value
Avalanche Treasury Co. (AVAT), an AVAX-focused digital asset treasury firm, plunged 73% on the Nasdaq since its June 11 debut, following disclosure of operational struggles in its first-quarter results.
AVAT went public last month after completing a $675 million merger with Mountain Lake Acquisition Corp., a crypto-aligned special purpose acquisition company. Its stock fell to $0.50 Wednesday from $1.85 on June 11.
According to a Monday filing with the Securities and Exchange Commission, the operating entity posted a net loss of $26.78 million in the first quarter. It reported a net working capital deficit of $9.06 million at the end of March.
The losses were mainly driven by unrealized losses tied to its crypto holdings, the company said. It held 13.39 million $AVAX tokens at the end of March, acquired at a cost basis of $265.3 million. The fair value of AVAX holdings had fallen to just $122.8 million by quarter-end. AVAX is currently trading at $6.7, down 50.8% year-to-date
Avalanche Treasury Co. (AVAT), an AVAX-focused digital asset treasury firm, plunged 73% on the Nasdaq since its June 11 debut, following disclosure of operational struggles in its first-quarter results.
AVAT went public last month after completing a $675 million merger with Mountain Lake Acquisition Corp., a crypto-aligned special purpose acquisition company. Its stock fell to $0.50 Wednesday from $1.85 on June 11.
According to a Monday filing with the Securities and Exchange Commission, the operating entity posted a net loss of $26.78 million in the first quarter. It reported a net working capital deficit of $9.06 million at the end of March.
The losses were mainly driven by unrealized losses tied to its crypto holdings, the company said. It held 13.39 million $AVAX tokens at the end of March, acquired at a cost basis of $265.3 million. The fair value of AVAX holdings had fallen to just $122.8 million by quarter-end. AVAX is currently trading at $6.7, down 50.8% year-to-date
AVAX+0.83%
AVATUS+4.97%
Bitcoin's long-term holders have returned to accumulation
Long-term holding wallets have shifted to net accumulation from net distribution, according to Glassnode.
Bitcoin's BTC $60,193.46
price is back above $60,000, recovering from 21-month lows set early this week – and why not.
According to analysis of blockchain data by Glassnode, positive undercurrents are forming beneath the surface, contradicting the bearish sentiment following June's 20% drop.
The most notable of those undercurrents is the long-term holder net position change, which has flipped back into positive territory after an extended period of distribution. The indicator tracks the 30-day net change in supply held by wallets that have held coins for at least 155 days (nearly six months), qualifying them as long-term holders in Glassnode's framework.
The current accumulation appears to be running in the range of roughly 50,000 to 100,000 BTC on a net basis, based on Glassnode's chart. That's a notable positive behavioral change, though the pace of accumulation remains modest compared to the waves of buying seen during prior bull markets.
For context, price upswings in November 2024 and May 2025 saw net long-term holder accumulation approaching 400,000 BTC.
"Historically, sustained transitions from net distribution to net accumulation have often emerged during periods of market weakness, as long-term investors gradually increase their holdings while shorter-term participants de-risk," Glassnode said in its latest report.
Long-term holding wallets have shifted to net accumulation from net distribution, according to Glassnode.
Bitcoin's BTC $60,193.46
price is back above $60,000, recovering from 21-month lows set early this week – and why not.
According to analysis of blockchain data by Glassnode, positive undercurrents are forming beneath the surface, contradicting the bearish sentiment following June's 20% drop.
The most notable of those undercurrents is the long-term holder net position change, which has flipped back into positive territory after an extended period of distribution. The indicator tracks the 30-day net change in supply held by wallets that have held coins for at least 155 days (nearly six months), qualifying them as long-term holders in Glassnode's framework.
The current accumulation appears to be running in the range of roughly 50,000 to 100,000 BTC on a net basis, based on Glassnode's chart. That's a notable positive behavioral change, though the pace of accumulation remains modest compared to the waves of buying seen during prior bull markets.
For context, price upswings in November 2024 and May 2025 saw net long-term holder accumulation approaching 400,000 BTC.
"Historically, sustained transitions from net distribution to net accumulation have often emerged during periods of market weakness, as long-term investors gradually increase their holdings while shorter-term participants de-risk," Glassnode said in its latest report.
$NFP is in overbought zone facing celling pressure.
Short $NFP
Entry: 0.03650
TP1 0.02196
TP2 0.00746
TP3 0.006033
SL 0.05329
Short $NFP
Entry: 0.03650
TP1 0.02196
TP2 0.00746
TP3 0.006033
SL 0.05329
Verified
Ethereum $ETH Institutional launch draws support from across the Ethereum ecosystem.
Its launch comes as Ethereum's support ecosystem undergoes a broader evolution, following the debut of EthLabs and amid ongoing efforts by the Ethereum Foundation to respond to community criticism over transparency, communication and its role within the ecosystem.
he launch of Ethereum Institutional on Wednesday was met with widespread support across the Ethereum ecosystem, with industry leaders arguing the initiative will strengthen Ethereum's position as institutional adoption accelerates.
One of the endorsements came from Standard Chartered Bank, which said Ethereum Institutional addresses a longstanding communications gap between Ethereum and the world's largest financial institutions.
"These announcements will drive the type of communication the Ethereum ecosystem has been lacking. The aim is to ensure Ethereum is well represented in institutional conversations, and to make sure the broader ecosystem captures the maximum benefit from those engagements, so that more institutions are brought onchain and ultimately have more of the world's tokenized assets, stablecoins, and market infrastructure on Ethereum and its ecosystem,”
$ETH
Its launch comes as Ethereum's support ecosystem undergoes a broader evolution, following the debut of EthLabs and amid ongoing efforts by the Ethereum Foundation to respond to community criticism over transparency, communication and its role within the ecosystem.
he launch of Ethereum Institutional on Wednesday was met with widespread support across the Ethereum ecosystem, with industry leaders arguing the initiative will strengthen Ethereum's position as institutional adoption accelerates.
One of the endorsements came from Standard Chartered Bank, which said Ethereum Institutional addresses a longstanding communications gap between Ethereum and the world's largest financial institutions.
"These announcements will drive the type of communication the Ethereum ecosystem has been lacking. The aim is to ensure Ethereum is well represented in institutional conversations, and to make sure the broader ecosystem captures the maximum benefit from those engagements, so that more institutions are brought onchain and ultimately have more of the world's tokenized assets, stablecoins, and market infrastructure on Ethereum and its ecosystem,”
$ETH
Bitcoin bounces to $60,000 after Warsh comments, economic data
Record ETF outflows in June beat the previous worst month by 29% and came on nine consecutive days of redemptions to close the period.
Record ETF outflows in June beat the previous worst month by 29% and came on nine consecutive days of redemptions to close the period.
Bitcoin $BTC C $58,715.32 fell by 20% to under $60,000 in June, its worst monthly performance since the same month in 2022. If that number alone isn't enough to worry bulls, the price chart, especially the monthly candlestick, could be.
The candle body shows the open-to-close move. The wicks – the thin lines extending above and below the body, representing high and low – show how far price traveled in both directions during that period.
Big wicks mean buyers and sellers were fighting hard. A long upper wick means sellers beat back a rally while a long lower wick means buyers defended a selloff. Either way, wicks are evidence of two-sided activity.
The June candle has none of that.
It's just a big red body with wicks so small they're invisible to the naked eye, meaning price barely deviated from a straight line down: Open on June 1, close on June 30, nothing meaningful in between.
Sellers never faced a serious challenge from bulls. No bounce above the June 1 open and no relief rally from lows. The price on June 30 was the lowest for the month.
A solid 30 days of relentless, one-directional selling is rare for a monthly candle, demonstrating this kind of complete bear dominance. Most months, regardless of direction, produce at least some visible volatility/wicks. Markets are inherently two-sided, and even in bad months there are usually sporadic recoveries or spikes that leave a trace.
The absence of any of that in the June candle is what makes bearishness stand out beyond the raw 20% number.
Traders call this candlestick pattern a "Marubozu." The name comes from the Japanese word for a shaved or bald head, which refers to a candlestick with no wicks (shadows) at either end.
The appearance of this candlestick pattern on the monthly chart signals decisively bearish sentiment, consistent with recent analysts' predictions of a deeper slide and an eventual bottom in the $48,000 to $55,000 range.
The candle body shows the open-to-close move. The wicks – the thin lines extending above and below the body, representing high and low – show how far price traveled in both directions during that period.
Big wicks mean buyers and sellers were fighting hard. A long upper wick means sellers beat back a rally while a long lower wick means buyers defended a selloff. Either way, wicks are evidence of two-sided activity.
The June candle has none of that.
It's just a big red body with wicks so small they're invisible to the naked eye, meaning price barely deviated from a straight line down: Open on June 1, close on June 30, nothing meaningful in between.
Sellers never faced a serious challenge from bulls. No bounce above the June 1 open and no relief rally from lows. The price on June 30 was the lowest for the month.
A solid 30 days of relentless, one-directional selling is rare for a monthly candle, demonstrating this kind of complete bear dominance. Most months, regardless of direction, produce at least some visible volatility/wicks. Markets are inherently two-sided, and even in bad months there are usually sporadic recoveries or spikes that leave a trace.
The absence of any of that in the June candle is what makes bearishness stand out beyond the raw 20% number.
Traders call this candlestick pattern a "Marubozu." The name comes from the Japanese word for a shaved or bald head, which refers to a candlestick with no wicks (shadows) at either end.
The appearance of this candlestick pattern on the monthly chart signals decisively bearish sentiment, consistent with recent analysts' predictions of a deeper slide and an eventual bottom in the $48,000 to $55,000 range.
Taiwan's legislature has passed a law establishing a regulatory framework for the crypto industry, including rules for crypto trading platforms and stablecoin issuers.
The Legislative Yuan passed the "Virtual Asset Service Act" in its third reading on Tuesday, officially sending the bill to President Lai Ching-te's desk. Lai is expected to promulgate the law within 10 days, with the cabinet to determine its effective date.
Under the act, virtual asset service providers must obtain approval from the Financial Supervisory Commission (FSC) before operating, according to a Tuesday statement from the financial watchdog. The law also introduces stricter requirements on cybersecurity, client asset segregation, and internal controls.
Currently, Taiwan requires businesses or individuals providing crypto services operating in Taiwan to complete anti-money laundering (AML) procedures and register their service capacity. Once the new law takes effect, platforms that have already completed AML registration will have 12 months to apply for a license and 21 months to secure FSC approval and other relevant licenses.
Companies seeking to issue or manage stablecoins must also obtain approval from both the central bank and the FSC, and maintain full reserve backing, per the statement.
Notably, the legislation imposes criminal penalties for violations. Those illegally operating a virtual asset service provider or stablecoins could face up to seven years in prison and fines of up to NT$100 million ($3.14 million). Fraud or crypto market manipulation also carry prison terms of three to 10 years and fines ranging from NT$10 million ($314,000) to NT$200 million ($6.28 million).
The Legislative Yuan passed the "Virtual Asset Service Act" in its third reading on Tuesday, officially sending the bill to President Lai Ching-te's desk. Lai is expected to promulgate the law within 10 days, with the cabinet to determine its effective date.
Under the act, virtual asset service providers must obtain approval from the Financial Supervisory Commission (FSC) before operating, according to a Tuesday statement from the financial watchdog. The law also introduces stricter requirements on cybersecurity, client asset segregation, and internal controls.
Currently, Taiwan requires businesses or individuals providing crypto services operating in Taiwan to complete anti-money laundering (AML) procedures and register their service capacity. Once the new law takes effect, platforms that have already completed AML registration will have 12 months to apply for a license and 21 months to secure FSC approval and other relevant licenses.
Companies seeking to issue or manage stablecoins must also obtain approval from both the central bank and the FSC, and maintain full reserve backing, per the statement.
Notably, the legislation imposes criminal penalties for violations. Those illegally operating a virtual asset service provider or stablecoins could face up to seven years in prison and fines of up to NT$100 million ($3.14 million). Fraud or crypto market manipulation also carry prison terms of three to 10 years and fines ranging from NT$10 million ($314,000) to NT$200 million ($6.28 million).
Spot bitcoin
$BTC -1.50%
exchange-traded funds in the U.S. saw $4.5 billion in net outflows in June, marking their largest monthly withdrawal since the products launched in January 2024.
According to SoSoValue data, the ETFs reported another day of net outflows on June 30, worth $222.6 million, ending the month in a negative streak that has now extended to nine days.
BlackRock's IBIT, the largest spot bitcoin ETF in net assets, accounted for the largest portion of the outflows, reporting $3.55 billion in outflows this month alone. The combined monthly outflow of $4.5 billion exceeds the previous record outflow of $3.48 billion set in February 2025 by 29%.
"The ETF outflows appear to be driven primarily by a broader macro rotation rather than a deterioration in Bitcoin's long-term fundamentals," Paul Howard, senior director at Wincent, told The Block. "Elevated interest rates, geopolitical uncertainty and a more cautious macro backdrop have encouraged institutions to reduce exposure to higher-volatility assets."
$BTC -1.50%
exchange-traded funds in the U.S. saw $4.5 billion in net outflows in June, marking their largest monthly withdrawal since the products launched in January 2024.
According to SoSoValue data, the ETFs reported another day of net outflows on June 30, worth $222.6 million, ending the month in a negative streak that has now extended to nine days.
BlackRock's IBIT, the largest spot bitcoin ETF in net assets, accounted for the largest portion of the outflows, reporting $3.55 billion in outflows this month alone. The combined monthly outflow of $4.5 billion exceeds the previous record outflow of $3.48 billion set in February 2025 by 29%.
"The ETF outflows appear to be driven primarily by a broader macro rotation rather than a deterioration in Bitcoin's long-term fundamentals," Paul Howard, senior director at Wincent, told The Block. "Elevated interest rates, geopolitical uncertainty and a more cautious macro backdrop have encouraged institutions to reduce exposure to higher-volatility assets."
The worst one year story of Bitcoin. 😥Every period mentioned has bled enough. Everyone is confused. who has USDT in his wallet thinking that is this the dip or am wrong, and one who is Bitcoin holder is in panic situation. 😥
$M has closed the candle above the trend line resistance in 4H timeframe. gaining momentum to become bullish.
Long $M
Entry: 0.7186
TP1 0.8820
TP2 1.0534
TP3 to the moon ( Very big FVG to the price 2.70)
Long $M
Entry: 0.7186
TP1 0.8820
TP2 1.0534
TP3 to the moon ( Very big FVG to the price 2.70)
$RIF still has momentum to go up has broken the major resistance and HTF candle is closing above the resistance level.
Long $RIF
Entry: 0.08711
TP1 0.1050
TP2 0.1197
TP3 0.1433
SL 0.07101
Long $RIF
Entry: 0.08711
TP1 0.1050
TP2 0.1197
TP3 0.1433
SL 0.07101
$H is rising again and has crossed all resistances in HTF.
Long $H
Entry:0.09164
TP1 0.1134
TP2 0.1373
TP3 0.1734
SL 0.07418
Long $H
Entry:0.09164
TP1 0.1134
TP2 0.1373
TP3 0.1734
SL 0.07418
$SYN has started going up after making Higher low.
S
Long $SYN
Entry: 0.3715
TP1 0.4345
TP2 0.4956
TP3 0.5244
SL 0.3209
S
Long $SYN
Entry: 0.3715
TP1 0.4345
TP2 0.4956
TP3 0.5244
SL 0.3209
$RAVE has broken the trend line resistance and moving up continuously.
Long $RAVE
Entry: 0.3285
TP1 0.3845
TP2 0.4356
TP3 0.4945
SL 0.2871
Long $RAVE
Entry: 0.3285
TP1 0.3845
TP2 0.4356
TP3 0.4945
SL 0.2871
$SLX x crossed the previous Higher High and making new ATH.
Long $SLX
Entry: 0.5424
TP1 0.6934
TP2 0.8423
TP3 0.9934
SL 0.4169
Long $SLX
Entry: 0.5424
TP1 0.6934
TP2 0.8423
TP3 0.9934
SL 0.4169
$VELVET is surprising, maintaining the price that has marked few days ago. will it make new ATH?🫣
$VELVET
$VELVET
$ICNT has changed the structure into bullish and and rising with strong bullish momentum.
Long $ICNT
Entry: 0.2398
TP1 0.2939
TP2 0.3556
TP3 0.4216
SL 0.2009
Long $ICNT
Entry: 0.2398
TP1 0.2939
TP2 0.3556
TP3 0.4216
SL 0.2009
$VELVET is rising again after rapid fall. it will some kind of correction.
Long $VELVET
Entry : 0.7054
TP1 0.7613
TP2 0.8234
TP3 0.8914
SL 0.6464
Long $VELVET
Entry : 0.7054
TP1 0.7613
TP2 0.8234
TP3 0.8914
SL 0.6464
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