Digital Asset Treasuries Draw In $2.6B Amid Crypto Market Uncertainty► https://t.co/by29fHwsyz https://t.co/by29fHwsyz ...

It takes a lot to shake Wall Street analysts from their famously bullish views. Consider the case of Strategy Inc. A 60% rout that wiped out $73 billion in value only turned three of the 19 analysts who cover the company into bears. Fifteen still have the equivalent of buy ratings. The median price target of 12 of those implies the stock will rise more than 150% in the next year to about $485 from its close of about $189 on Monday. Most Read from Bloomberg Jeffrey Yu of President Capital Management Corp ...

TIM: WELCOME TO BLOOMBERG CRYPTO. STARLET: -- BITCOIN IS AT SESSION HIGHS WITH VOLATILITY UPENDING THE CRYPTO INDUSTRY. WE WILL SPEAK TO DAVID BAILEY, THE ASSET COMPANY KNOWN FOR SHIFTING THE FAMILY ON CRYPTO.SCARLETT: AN EARLY INVESTOR IN POLYMARKET AS SCRUTINY GOES -- GROWS IN PREDICTION MARKETS. TIM: FIRST LET'S TAKE A LOOK AT WHERE BITCOIN IS. THEY ARE ACTUALLY SEEING IT AT SESSION HIGHS.REALLY BOUNCING BACK. UP ABOUT 3% SURGING THIS MORNING TO ABOUT 94,000 PER BITCOIN. THIS IS THE HIGHEST IT HAS BEEN G ...

ethereum etfs hemorrhaged $1.4b last month their worst ever. digital asset treasuries absorbed 300,000 eth worth $800m during the exact same period. etf holders capitulating into balance sheets that never sell. bpce launches eth trading to 2m french customers monday. that divergence gap closes violently ...

All eyes on Powell. Bitcoin chops sideways. DATs collapse. Liquidity turns. This week’s live stream breaks down the biggest stories driving the crypto markets and what to watch heading into the FOMC meeting. We look at the market’s reaction to macro data, why Digital Asset Treasuries are collapsing, and the single biggest factor that could decide next year’s market direction: global liquidity. Plus: Louis with TA, portfolio competition, tweets of the week, top performers, and major dates for your diary. ~~~ ...

What began the year as one of the best trades in the stock market has, in a matter of months, turned into one of the worst. An array of public companies thought they had found a sort of perpetual motion machine: Use your corporate cash to buy up Bitcoin or other digital tokens and presto, your share price shot up even more than the value of the tokens you bought. Most Read from Bloomberg It was a playbook invented by Michael Saylor, who transformed his company, Strategy Inc., into a publicly traded Bitc ...

Market Sentiment - The current market sentiment is bearish, with a lack of convincing buying activity following a recent selloff [1][3] - The Fear and Greed Index for crypto is at 23, indicating extreme fear among traders, who are largely sidelined and holding cash positions [2] Selloff Analysis - The recent selloff is perceived to be different from previous instances, raising questions about its underlying causes and implications [3] - The risk from the crypto market is transmitting to broader markets through vehicles like digital asset treasuries, marking a key difference in this selloff [4][5] Digital Asset Treasuries - Digital asset treasuries have been established to raise funds based on cryptocurrencies, but they are also facing challenges due to the sharp selloff in underlying assets [5][6] - The performance of single stock ETFs linked to crypto strategies has been notably poor, reflecting the broader market impact [6] Regulatory Environment - The Federal Reserve is proposing new rules for banks and stablecoins, which could significantly impact the crypto market if implemented [7] - Anticipation of these regulations, expected to be in effect by March next year, is creating a cautious optimism among market participants [8] Future Outlook - While current conditions are bearish, potential legislative changes in early next year could shift market dynamics positively [9]

Here's How Digital Asset Treasuries are Holding Up as Prices Trend South► https://t.co/8wnPMQKWyt https://t.co/8wnPMQKWyt ...

RT CoinDesk Indices (@CoinDeskMarkets)Digital asset treasuries. In today’s Crypto for Advisors newsletter:- Aaron Brogen provides the history of DAT treasuries- @djwindle answers questions advisors need to knowEdited by@MortonInsights. Dive in 👇https://t.co/TY5EfivHRC ...

Core Insights - Digital asset treasuries have shifted into a "mass extraction and exit event," leading to a decline in crypto prices, contrary to previous optimistic forecasts regarding corporate Bitcoin adoption [1][2] - Bitcoin has fallen below $100,000 for the first time since June, marking a 20% drop from its October peak and resulting in a loss of over $1 trillion in total crypto market capitalization [2] Group 1: Treasury Launches and Market Impact - The wave of treasury launches is criticized as schemes aimed at enriching insiders rather than creating sustainable value [2] - Launching costs, which can reach millions, are often covered by companies dumping supposedly locked tokens to pay for SPAC fees and other expenses [4] - Conflicts of interest arise when treasury companies appoint founders or venture capitalists to boards, leading to the misallocation of shareholder funds to their own startups [5] Group 2: Market Dynamics and Trust Issues - The unexpected increase in circulating supply of many altcoins has led to a rapid discounting by markets, raising concerns about the potential misuse of ecosystem funds [6] - The erosion of trust in the token market is significant, as investors question the integrity of ecosystem funds and their potential misuse [7] - The excessive capital raising and token minting practices are viewed as detrimental to project viability over time, challenging the notion that treasuries are purely beneficial [7]