Inside the DAT Crash as mNAV Collapses, Liquidity Tightens, and the Premium Era Ends

The November crash exposed the structural weakness of DAT stocks: when BTC falls, their leveraged model collapses even faster, and with mNAV slipping below 1, even Saylor’s buying machine is running out of fuel.

Nov 21, 2025

Polymarket x Monad: Airdrop Timing and FDV Expectations

Polymarket traders are betting that Monad’s airdrop will land shortly after its Nov 24 mainnet launch, most likely between Nov 25 and Nov 30. For FDV, markets see $2–3B as the safest range aligned with fundamentals, while premarket data on Hyperliquid points to a more speculative $4-6B valuation window.

Nov 11, 2025

MegaETH x Polymarket: Public Sale Outlook, Airdrop Timeline, and Market Cap Scenarios

With over 100,000 registered users and massive demand, MegaETH is on track to cross $1B in commitments, but Polymarket data shows mixed sentiment around its TGE timeline and post-launch valuation.

Oct 28, 2025

Coinbase Acquires Onchain Trading Platform Echo in $375 Million Deal

Coinbase Global has acquired Echo, an onchain capital raising platform, for approximately $375 million in one of the exchange's largest deals to date.

Oct 21, 2025

MicroStrategy and DAT Stocks Hammered as Crypto Markets Face Historic $19B Liquidation

Trump's 100% China tariff announcement triggered a $19 billion crypto liquidation that crashed Bitcoin from $117K to $102K, with Digital Asset Treasury companies falling even harder than crypto itself due to their dual exposure to both traditional equity and crypto market risks.

Oct 17, 2025

Pyth Network Partners with Kalshi to Bring Regulated Prediction Market Data to Blockchain

Pyth Network integrated with CFTC-regulated prediction market Kalshi to stream real-time event data across 100+ blockchains for the first time.

Oct 13, 2025

A Complete Guide to On-Chain Analysis

On-chain analysis refers to the examination & use of blockchain data, for purposes ranging from trading, to research, to media investigations & reporting.

Sep 22, 2025

South Korea Sees Surge in Suspicious Crypto Transactions as First Eight Months of 2025 Exceed Previous Two-Year Total

FIU data show STR filings in the first eight months exceed the combined total of the past two years, prompting lawmakers to call for tougher oversight of stablecoins and underground remittances.

Sep 22, 2025