Has the Crypto Treasury Bubble Burst?
Has the Crypto Treasury Bubble Burst?
Metaplanet’s [MTPLF] enterprise value has fallen below its bitcoin [BTC] holdings, Bloomberg reported, in a sign of investors’ waning enthusiasm for digital-asset treasury firms. The Tokyo-listed hotelier, which began buying BTC in April 2024, once traded at a steep premium to its token assets. Shares have plunged over 70% since June highs, pushing its market-to-BTC value ratio to 0.99 as of Tuesday’s Tokyo close, with the stock down 12%.
Two More Rate Cuts this Year?
Philadelphia Fed President Anna Paulson said she supports two more quarter-point rate cuts this year, noting tariff-driven price increases are unlikely to cause lasting inflation. Paulson said last month’s cut “made sense”…
