Crypto Treasuries Fall Deeply Underwater as Bitcoin, Ethereum and Solana Dive
Prominent publicly traded crypto treasury firms are underwater on their holdings as Bitcoin and Ethereum keep falling.

Vol/MCap: 24.60%
26.2% of ATH
∞x from ATL

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Prominent publicly traded crypto treasury firms are underwater on their holdings as Bitcoin and Ethereum keep falling.
TLDR: Ethereum state grows 100 GB yearly; 20x scaling would create 8 TB state in four years for builders. Strong statelessness and state expiry solutions face backwards compatibility issues with exis
Markets sold Bitcoin after Warsh nomination, but Binance Research argues liquidity and structural limits make severe QT unlikely.
The Relative Strength Index (RSI), a popular technical trading indicator, has plunged to 17. Only the bear market bottom in 2018 and the 2020 Covid crash saw lower reads.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Global markets sold off sharply this week, hitting cryptocurrencies, equities, and even traditional safe havens like gold and silver. The synchronized decline points to a broader liquidity shock rathe