Price Volatility

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Solana Treasury Strategy Fails? US-listed Companies Hold SOL with Over $1.5 Billion Unrealized Loss

Latest data shows that publicly traded companies holding Solana as treasury assets are under significant accounting pressure. According to estimates based on disclosed acquisition costs and current market prices compiled by CoinGecko, these companies have collectively unrealized losses exceeding $1.5 billion. They hold over 12 million SOL, approximately 2% of the total supply, with SOL currently trading around $84. The losses are mainly concentrated among several US-listed companies, including Forward Industries, Sharps Technology, DeFi Development Corp, and Upexi, with a combined unrealized loss of over $1.4 billion. Since some companies have not fully disclosed their cost basis, the actual loss could be even higher. Although no forced sales have occurred yet, the capital markets have already "priced in" the risk, with their stock prices generally below the market value of their held tokens, significantly limiting their financing capabilities.
SOL-5,78%
GateNewsBot·9h ago

U.S. stock futures see a broad rally in crypto-related stocks, with CRCL up 5.36%

Odaily Planet Daily reports that according to msx.com data, U.S. stock pre-market crypto concept stocks are generally rising, with MSTR up over 2.6%, SBET up 1.14%, BMNR up 4.79%, and CRCL up 5.36%. It is reported that msx.com is a decentralized RWA trading platform that has listed hundreds of RWA tokens, covering U.S. stocks such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, NVDA, and others.
RWA-4,06%
GateNewsBot·10h ago

The risk of a U.S. government shutdown triggers a sell-off, with Bitcoin falling below $70,000, and the crypto market faces further turmoil.

February 10 News, the cryptocurrency market came under further pressure, with the total market capitalization dropping about 2% in a single day. The main reason is the rising investor concern over a potential US government shutdown. The risk-averse sentiment in the market has intensified, leading to an accelerated outflow of funds from risk assets. As a bellwether, Bitcoin fell about 2.4% on the day, fluctuating between $68,400 and $71,000, currently stabilizing around $69,400. Ethereum declined nearly 3%, barely holding the $2,000 level, with a cumulative decline of 12% over the past week. XRP, BNB, Solana, and Dogecoin also weakened, driving the overall market cap of cryptocurrencies back to approximately $2.44 trillion.
BTC-2,8%
ETH-5,5%
XRP-3,71%
BNB-3,65%
GateNewsBot·12h ago

PIPPIN (pippin) 24-hour increase of 17.28%

Gate News Bot Message, February 10th, according to CoinMarketCap data, as of press time, PIPPIN (pippin) is currently priced at $0.34, up 17.28% in the past 24 hours, with a high of $0.34 and a low of $0.16. The current market capitalization is approximately $340 million, an increase of $50.07 million from yesterday. Pippin is dedicated to building the "Wobbly Worlds" ecosystem, a gentle fantasy virtual world emphasizing kind interactions and community connection. The project centers around the Pippin unicorn character, integrating BabyAI framework technology, and constructing its ecosystem around three main pillars: tokens, storytelling, and open-source governance. ## Important recent news about PIPPIN: 1️⃣ **Breakthrough after long-term fluctuation, new upward trend begins** PIPPIN has experienced
PIPPIN33,33%
GateNewsBot·13h ago
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