数字资产

Bloomberg: The median stock price of digital asset financial companies (DAT) in the United States and Canada plummeted by 43% in 2025

According to a report by Bloomberg, 2025 is an exceptionally harsh year for companies in the United States and Canada that have incorporated digital assets into their corporate reserves.

These companies, known as 'digital asset holding companies,' have seen their median stock price plummet by 43%, turning the once-popular digital asset holding strategy into the worst-performing sector of the year.

This trend began when Michael Saylor transformed Strategy into a publicly listed Bitcoin holding giant, which subsequently inspired hundreds of companies to follow suit. At the peak of the frenzy, some companies' stock prices even soared far beyond the value of the cryptocurrencies they held.

However, this enthusiasm, detached from fundamentals, has quickly dissipated. Data suggests that about 70% of such companies may end the year with market values lower than at the beginning of the year.

The core reason for these companies' troubles stems from structural defects in their business models, as they heavily leveraged debt (with relevant financing exceeding $450 billion in 2025) to purchase crypto assets.

Yet, these assets themselves generate almost no cash flow, making it impossible to cover ongoing rigid expenses such as debt interest payments and dividends. As analysts have noted, once investors realize that 'holding' does not create economic value, they choose to exit.

Strategy, as an industry bellwether, has not been spared either, with its stock price plummeting over 65% from its July peak. The recent remarks by its CEO regarding 'selling Bitcoin to pay dividends' starkly contrast with the founder's vow of 'never selling.'

All these phenomena collectively signify a complete reversal of the industry trend. Meanwhile, small and medium-sized companies betting on high volatility and niche tokens are particularly hard-hit, with stock prices generally experiencing devastating declines.

In summary, the previously sought-after simple 'holding narrative' has indeed gone bankrupt, forcing the stock prices of related companies to return to fundamentals, re-anchoring their asset liquidity, cash flow generation capability, and overall financial health.

This value correction process has not only dealt a heavy blow to the involved companies but has also significantly negatively impacted the prices of mainstream crypto assets, sounding alarm bells for the entire crypto asset holding sector.

#数字资产 #企业财务

🇺🇸 Breaking News: Federal Reserve Chair Powell Sends Shocking Signal! 🌐

💥 Today's Market Shock:
Federal Reserve Chair Powell stunned the market in his speech today, for the first time acknowledging that an emerging digital asset is becoming a true competitor to gold, though he emphasized that this will not threaten the dollar's position.

📉 These remarks caused the market to pause instantly, with a shift in tone that seemingly unveiled the financial transformation behind the scenes. Powell's calm demeanor, instead, added weight to the information, making it feel as though the financial landscape is quietly undergoing significant changes, and this transformation seems to have quietly begun.

👀 Next, all eyes are on Trump:
Everyone knows that Trump will not remain silent. His response is expected to be ** loud, bold, and confident**, likely becoming a turning point for the new direction of American finance!

📌 Related Assets: $USTC $LUNAI $WIN

#鲍威尔 #美联储 #数字资产 #金融变革 #Binance #US Economy #特朗普

Former SEC Chairman warns of high volatility risks in cryptocurrency, CME trading interruption highlights infrastructure vulnerabilities

According to Bloomberg, former Chairman of the U.S. Securities and Exchange Commission (SEC) Gary Gensler recently issued a direct warning to cryptocurrency investors during an interview with reporters.

He emphasized that cryptocurrencies are "highly speculative, extremely risky assets," and investors must be fully aware of the risks involved, even as this asset class is gaining more acceptance in the current mainstream market and under the Trump administration.

He stressed that even though cryptocurrencies are gaining increasing acceptance under the Trump administration, they are still considered "highly speculative, extremely risky assets" and reminded investors to be fully aware of the risks involved.

Gensler's statement is, in fact, a defense of his tough regulatory stance during his tenure. Using major fraud cases like FTX as an example, his previous strict regulatory attitude towards cryptocurrencies stands in stark contrast to the friendly policies adopted by the SEC after his departure.

Since Gensler stepped down in early 2025 and was succeeded by Paul Atkins as SEC chairman, the agency has dismissed several lawsuits against cryptocurrency companies and has shown a more open attitude towards cryptocurrencies.

Fortunately, under the leadership of the new SEC chairman, relevant departments have also streamlined the approval process for cryptocurrency exchange-traded funds (ETFs). This "policy pivot" has caused Gensler's previous tough regulatory stance to quickly become a thing of the past.

When discussing market infrastructure, Gensler mentioned the recent approximately 10-hour global trading interruption caused by a cooling system failure at the Chicago Mercantile Exchange (CME).

This incident exposed the financial system's dependence on and vulnerabilities of critical infrastructure, but it is worth noting that the market (especially Bitcoin futures) maintained an upward momentum after the interruption was restored, demonstrating a certain level of resilience.

In summary, Gensler's remarks reveal that while cryptocurrencies are accelerating their integration into the mainstream, the inherent high-risk nature of this asset class creates a core conflict with this trend.

Moreover, his warning also serves as a wake-up call to the market that even as the policy environment becomes friendlier, investors must remain highly prudent when engaging in cryptocurrency investments.

#数字资产 #GaryGensler

China's Regulation and Bitcoin Cycle's Cross-Time Dialogue:
In December 2013, five ministries joined forces;
In September 2017, seven ministries gathered;
In May 2021, ten ministries took action;
In November 2025, thirteen ministries moved again——
Precisely following the rhythm of a four-year cycle, it turns out that the ones who understand the Bitcoin halving cycle the best are in China!
Interestingly, while the number of ministries has increased each time, the price of $BTC has surged higher each time. Is this the victory of规律 or the power of consensus?

#Bitcoin #Four-Year Cycle #China Regulation #加密货币 #BTC #区块链发展史 #政策与市场 #数字资产

Simplifying complexity and controlling costs.

🌐 Bitroot is initiating the third revolution of Web3—where edge computing meets large model inference, making model calls as seamless as invoking smart contracts.

Processing capacity exceeds 100,000 per second. Confirmation time is 0.3 seconds. 💪

Artificial Intelligence × Parallelization L1. The future is not just coming; it is being deployed. 📈#加密市场反弹 #AI #Web3 #数字资产

In the Web3 era, choosing the right track is more important than hard work! The Bitroot public chain, with its high TPS, low Gas, and secure stability, has become the choice of more and more people. There are no tricks here, only a transparent mechanism, an active community, and infinite ecological possibilities. Whether you want to lay out long-term value or participate in community co-construction to gain benefits, you can find your own place! Together with Bitroot, break barriers with technology and create value with consensus. Get on board now and witness the next windfall of Web3 #AI #Web3 #数字资产 .

Bitroot high-performance public chain is amazing! 0.3 seconds sub-second confirmation + over 100,000 TPS tested, Pipeline BFT consensus mechanism makes transactions fast and cost-effective, and it is compatible with EVM for easy project migration. The testnet has over 500,000 addresses and tens of millions of requests available for checking, with ongoing global offline activities, accelerating the landing of ecological projects. In December, the community will vote on the mainnet launch. This Layer 1 public chain has real technology and tangible results, don't miss the Web3 layout! #加密市场反弹 #AI #web3空投 #数字资产

#数字资产 $ETH Why is this round of rebound still so weak?

The reason is quite clear. The US stock market was closed yesterday for Thanksgiving, resulting in a significant lack of liquidity support in the entire market. Worse still, there were safety issues in South Korea, causing panic withdrawals of funds, and the ETF channels are also continuously bleeding.

However, the US stock market will reopen tonight, and funds should start to flow back in. From a technical perspective, $ETH is holding steady at the 3000 position, and in the short term, I still lean towards a bullish outlook. Market sentiment recovery takes time, but the direction may not have changed.
$ETH

#数字资产 $BTC 11.28 Early market watching

Are you starting to doubt life again? Every time you buy, the price drops; every time you sell, it goes up. It feels like the market is specifically targeting your wallet. At this time, don't panic and cut your losses. Often, when you run away, the price comes back. To make money, you have to withstand the volatility, but you also need a method to endure. Instead of just complaining, think about where you went wrong.

Yesterday was a typical choppy market. Looking at the four-hour chart of BTC, the bullish structure is still intact. Although the price has hit the upper Bollinger band, the upward channel between the middle and upper band has not broken, and the middle band support remains strong. In this situation, it's safer to wait for a pullback before entering. If 91000 holds, breaking through 92000 can be followed directly, but remember to set a stop loss.

Operations:
BTC near 90500 to set long positions, looking for 93000
ETH around 2980 to enter, targeting 3120

Don't chase the highs, wait for the right position. $ETH $SOL

#数字资产 November 28, Trump made another statement: the US stock market will continue to hit new highs, and he also threw out a bold idea – to eliminate income tax by relying on tariff revenue.

As soon as this news broke, the market exploded. Trump's confidence in the US stock market likely stems from his belief that his set of combined measures (tariff adjustments, tax cuts, etc.) can support the market. But to be honest, the trend of the US stock market cannot be dictated by just one statement. How the Federal Reserve operates, how economic data moves, and whether corporate earnings are good or not – these are the real indicators.

What’s even more interesting is the proposal of "taxes replaced by tariffs." First, regarding tariffs – the stability of revenue itself is a question mark. If trade volume fluctuates or if trade partners retaliate, tariff revenue will be immediately affected. To use this kind of uncertain revenue to replace the mainstay of US finance, income tax? This doesn't add up.

Furthermore, the interests involved in income tax are too broad. How can the tax burden be balanced across different income levels? Will the wealth distribution pattern change drastically because of this? These issues cannot be resolved with a snap judgment; a detailed set of policy simulations is necessary.

It seems that Trump's statement is more like sending a political signal, indicating his governance direction. As for whether it can actually be implemented and how it will be implemented, we still need to see how the political circles in the US negotiate, and whether policies and reality can align. For the cryptocurrency market, such macro-level trends are worth continuous attention. $ETH H $BTC

#数字资产 $ZEC Will the privacy coin sector be the breakthrough point in 2025?

Recently, I've noticed a phenomenon: the long-quiet privacy coin sector has suddenly come alive. ZEC is leading the charge, with DASH following suit. How have these previously delisted 'problem children' suddenly become market darlings?

Looking deeper, there are three layers of logic behind this wave of market activity. From a regulatory perspective, the turning point has come quicker than expected—last year, U.S. regulators moved discussions of privacy technology from the 'gray area' to the 'technological innovation' category. Over in Europe, while they are fixated on the compliance processes of centralized platforms, they haven't taken drastic measures against the technology itself. The flow of funds is even more direct: starting in the second half of 2024, on-chain data shows that established investment institutions and Asian market-making teams have been continuously accumulating privacy coins. This isn't just impulsive buying from retail investors; it's a planned allocation strategy. The application scenarios for technology are also changing, with data privacy anxieties exploding in the AI era and an explosive demand for on-chain payments, making privacy protection transition from a 'geek toy' to a real pain point.

However, it's important to clarify that not all privacy coins have a chance. ZEC's rise is primarily due to its solid technical foundation— the Halo2 zero-knowledge proof system has undergone years of iterations, and the Orchard protocol has found a balance between privacy and compatibility, demonstrating real engineering capability. In contrast, projects that merely ride the hype with a revised white paper reveal their true nature as soon as the hot money withdraws.

What do you think about the sustainability of this wave of privacy coin activity? Those with relevant positions or those observing can share your reasoning.

Analysis: Tokenization makes collateral transfer more efficient, digital assets, Euroclear Bank and World Gold Council stand out in pilot projects
#黄金代币化 #欧洲市场 #数字资产

Harris said the United States should take a "leading" position in the blockchain field and reiterated support for digital assets
#哈里斯支持 #区块链创新 #数字资产

$ETH

$ETH strikes again!
Ethereum has recently rebounded strongly, and market confidence has warmed. With the continuous development of DeFi, NFTs, and Layer 2 solutions, ETH is not just a cryptocurrency, but a huge ecosystem.

Are you bullish, or are you waiting to buy at a lower point?

#Ethereum #ETH #加密货币挖矿 #区块链开发 #Web3 #数字资产

The market remains cautious: Why haven't positive news activated the cryptocurrency market?

Recently, there have been high-level calls signaling positive developments, and the outside world generally views the prospects for global economic cooperation favorably. The market once expected this to drive cryptocurrencies upward; however, the overall trend still appears flat, with mainstream currencies like $BTC continuing to consolidate.

Investors are currently more focused on actual measures, such as policy adjustments, market openings, and macroeconomic data, rather than just statements or optimistic sentiments. Therefore, the market is still in a wait-and-see state in the short term.

Additionally, uncertainty regarding interest rate policies and economic growth continues to influence market sentiment. Only when more substantial positive developments materialize is it likely to drive funds back into the digital asset space.

#加密货币
#数字资产
#市场观察
#投资分析
#比特币

The Collapse of Kadena: A Warning for Every Investor ⚠️

The closure of Kadena is not just a piece of crypto news—it is a reminder of the collision between risk and reality.
In an era of continuous cash devaluation, more and more people are turning to various speculative and crypto investments, hoping to find ways to preserve their assets.

But the truth is—not all safe-haven assets are safe.
Bitcoin ($BTC ) may still have long-term value, but truly solid projects that can go the distance are few and far between.

True wealth is not about chasing trends; it is about protecting through diversification and stability.
Reasonable allocation of assets both on-chain and off-chain: gold, real estate, tangible assets, and digital assets coexist.
Digitization is a trend, but your safety baseline should still be grounded in the real world.

💡 Don't just learn to make money; learn to keep your money safe.
#加密货币 #比特币 #财富管理 #数字资产 #理财智慧 $KDA

Tom Emmer Proposes New Legislation Aimed at Providing Regulatory Clarity for Cryptocurrency

Recently, U.S. Congressman Tom Emmer introduced new legislation aimed at providing a clearer regulatory framework for the digital asset industry and services.

On May 21, Emmer reintroduced the Blockchain Regulatory Certainty Act (BRCA), a bipartisan bill co-led by Congressman Ritchie Torres.

The core content of the bill is that if cryptocurrency developers and service providers do not hold consumers' funds, they should not be classified as money transmitters under current regulations.

This legislative framework aims to provide legal certainty for non-custodial service blockchain developers, miners, validators, and cryptocurrency wallet providers, addressing concerns that unclear regulations could push U.S. crypto innovation overseas.

Emmer warned that delaying the regulation of the cryptocurrency industry would increase the risk of technological outflow and harm the interests of U.S. investors and innovators. Torres agreed, stating that clear regulations are key to retaining industry talent and preventing technological outflow due to regulatory delays.

It is worth mentioning that the bill has received support from several industry organizations, including Coin Center and the DeFi Education Fund. In fact, Emmer had proposed a similar bill as early as 2018, and this revision reflects a continued push for regulatory optimization.

On the same day, the Texas Bitcoin Strategic Reserve Bill (SB 21) passed its third reading (101:42) and has been submitted for the governor's signature. This bill establishes reserves as official investment tools, authorizing the state government to actively manage high market capitalization crypto assets, aimed at enhancing financial security and economic resilience.

Overall, whether at the federal level for improving the regulatory framework or the proactive positioning of state governments regarding crypto assets, U.S. cryptocurrency policy is being rapidly implemented.

These initiatives signify that the future development of cryptocurrency in the U.S. will become more standardized and institutionalized, providing clearer guidance and a more stable operating environment for industry participants.

Do you think that as the regulatory framework for cryptocurrency gradually clarifies, a more compliant and open crypto ecosystem will take shape?

#加密货币监管 #区块链法案 #美国国会立法 #数字资产