**[NYDIG Calls on Bitcoin Treasury Companies to Abandon "Misleading" mNAV Metric]** According to The Block, Strive Asset Management has acquired Semler Scientific through an all-stock transaction to create a merged company holding over 10,900 BTC. In response, NYDIG's Global Head of Research, Greg Cipolaro, pointed out in a report that the commonly used "mNAV" metric (defined as market capitalization divided by cryptocurrency holdings) should be removed from industry reports. This acquisition highlights the potential issues with the "mNAV" metric, which is used to evaluate the value of Bitcoin treasury companies but may be misleading or dishonest. NYDIG noted two key points: 1. mNAV does not take into account the operational businesses or other assets that Digital Asset Treasury (DAT) companies may own, while most large Bitcoin asset reserve companies indeed have value-creating businesses. 2. mNAV often uses "assumed shares outstanding," which may include convertible bonds that have not yet met conversion conditions. Convertible bondholders may demand cash repayment, making this liability much heavier for DATs compared to simply issuing shares. Moreover, convertible bonds are essentially volatility arbitrage tools, giving DATs an incentive to maximize equity volatility.
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もっと >两新钱包从交易所提取584.72枚BTC和3,884枚ETH
[Two New Wallets Withdraw 584.72 BTC and 3,884 ETH from Exchanges] According to Lookonchain monitoring, on September 28, two newly created wallets withdrew funds from exchanges. Wallet bc1q7l withdrew 584.72 BTC (approximately $63.91 million) from Binance 13 hours ago; wallet 0x25Fa withdrew 3,884 ETH (approximately $15.57 million) from OKX 5 hours ago.
ETH falls below the $4000 mark
OKX-ETH/USDT is currently trading at $3999.64, a decrease of 0.21% in 5 minutes. Please pay attention to market fluctuations.
用户因623天前的钓鱼授权损失超7.8万美元
[User Loses Over $78,000 Due to Phishing Authorization from 623 Days Ago] According to data monitored by Scam Sniffer, a user suffered a loss of $78,187 due to a phishing authorization signed 623 days ago. This incident serves as a reminder for users to regularly review and revoke unnecessary or expired authorizations to reduce potential security risks.
CZ确认Aster拥有数名前币安员工且YZi Labs持有少数股权
[CZ Confirms Aster Employs Several Former Binance Employees and YZi Labs Holds Minority Stake] According to a report by Jinse Finance, Binance co-founder CZ reposted a tweet on the X platform and confirmed that the perpetual contract DEX Aster employs several former Binance employees and that YZi Labs holds a minority stake in Aster.
孟买证券交易所驳回 Jetking Infotrain 因数字资产投资计划的上市申请
[Bombay Stock Exchange Rejects Jetking Infotrain's Listing Application Due to Digital Asset Investment Plan] The Bombay Stock Exchange (BSE) has rejected the listing application of IT training company Jetking Infotrain, citing its plan to allocate approximately 60% of the raised funds for investment in digital assets. The company had initially planned to raise over 600 million rupees through an IPO, with the primary funds intended for purchasing Bitcoin. In response, Jetking Infotrain stated that it is assessing the situation and considering filing an appeal with the Securities Appellate Tribunal. This decision highlights India's current regulatory stance, which allows companies to invest internal profits in crypto assets but prohibits raising public funds specifically for such investments. Due to speculative risks and the lack of clear fund management guidelines, this marks the first case in India where a company has been denied listing by an exchange because of a digital asset investment plan.