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The Funding: Why 'VC coins' like BERA are facing backlash
The Funding: Why 'VC coins' like BERA are facing backlash

This is an excerpt from the 21st edition of The Funding sent to our subscribers on Feb. 9.The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member.To subscribe to the free newsletter, click here.

The Block·2025/02/09 23:12
Crypto VC Suggests Market Nearing Local Bottom as Bearish Sentiment Peaks
Crypto VC Suggests Market Nearing Local Bottom as Bearish Sentiment Peaks

Hartmann pointed to extended negative funding rates and widespread bearish sentiment as signs that the market could soon rebound.

CryptoNews·2025/02/09 16:00
Top Democrat Rep. Maxine Waters releases draft proposal to regulate stablecoins: Punchbowl News
Top Democrat Rep. Maxine Waters releases draft proposal to regulate stablecoins: Punchbowl News

Quick Take The discussion draft includes language around federal regulators for stablecoins including the Comptroller of the Currency, the Federal Reserve and the Federal Deposit Insurance Corporation. On the other side of the aisle, last week Republicans House Financial Services Committee Chair French Hill alongside Rep. Bryan Steil released draft legislation to regulate stablecoins.

The Block·2025/02/09 16:00
Flash
04:26
Zambian state-owned mining company ZCCM seeks to restore its London listing status
Glonhui, June 26|Zambia Consolidated Copper Mines Investments Holdings Plc (ZCCM Investments Holdings Plc, abbreviated as ZCCM-IH) has hired consultants to enhance the attractiveness of its securities. CEO Kakeneva Muyangwa stated that the company aims to increase ZCCM's market value from USD 1.4 billion to USD 7 billion within ten years. ZCCM-IH is primarily listed in Lusaka, with secondary listings in Paris and London, but its UK shares have been repeatedly suspended from trading due to delays in submitting financial reports.
04:19
Serenity: Global markets are undergoing an adjustment and the duration is unknown
Odaily reported that "White-haired Stock God" Serenity posted on the X platform, stating that currently global markets are undergoing a correction and it is uncertain when it will stop. The Korea Composite Stock Price Index has fallen 8.18%, including SK Hynix and Samsung. The Nikkei 225 index is down 4.8%. The Taiwan Weighted Stock Index dropped 3.82%. SOI and RKLB are down 30% to 40%. From personal experience, high beta stocks are hit much harder, but they usually lead the broad indices in declines and often recover earlier. Aside from the typically volatile Korean market, when the main indices begin to drop by 3% to 4% daily, it's generally not a good time.
04:19
Data: Ethereum spot ETF saw a total net outflow of $81.8651 million yesterday, marking the sixth consecutive day of net outflows.
ChainCatcher news, according to SoSoValue data, yesterday (Eastern US time, June 25) the total net outflow of Ethereum spot ETFs was 81.8651 million US dollars. The Ethereum spot ETF with the highest single-day net inflow yesterday was Bitwise ETF ETHW, with a single-day net inflow of 557 thousand US dollars. Currently, ETHW's historical total net inflow has reached 385 million US dollars. The Ethereum spot ETF with the highest single-day net outflow yesterday was BlackRock ETF ETHA, with a single-day net outflow of 62.986 million US dollars. Currently, ETHA's historical total net inflow has reached 11.093 billion US dollars. As of press time, the total net asset value of Ethereum spot ETFs was 8.295 billion US dollars, with the ETF net asset ratio (market capitalization compared to Ethereum's total market value) reaching 4.41%. Historical cumulative net inflow has reached 10.916 billion US dollars.
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