The purchase announcements still arrive at a quick clip, but the bubble in cryptographic cash companies jumped some time ago and is still deflating on Thursday, because the Nasdaq would have seen enough.
This main American scholarship – where many of these cash companies negotiate – increases companies aimed at large pop prices by collecting funds by crypto, according to information.
The new NASDAQ requirements, according to the report, would include certain companies to obtain the approval of shareholders before selling stocks for the funds necessary to buy crypto. The exchange, continued history, could deactivate or suspend exchanges in actions if companies do not comply.
Combined with 2% to 4% decrease in the price of major cryptos such as Bitcoin ether (Eth) and Solana The news sent already sudden cash names even lower.
Read more: Bitcoin slides below $ 110,000 while analysts weigh the risk of deeper withdrawal
Kindly (Naka) – which only days ago has completed its merger with the Bitcoin Nakamoto Holdings restraint company – is down 16% on Thursday and is now decreased by around 80% since that melting date on August 15. At current $ 3.46, it is also down more than 90% since its end to May peak, which we could more or less say can be the peak of the cryptographic treasure bubble.
The American bitcoin led by Eric and Donald Trump Jr. (ABTC) is 20% a day after its actions began to negotiate on the Nasdaq.
Japanese hotelier who has become Bitcoin Treasury Company Metaplanet (MTPLF) is down 8.6% today and is about 70% compared to its late peak.
Verification of certain ether cash names, BitMinue immersion (BMNR) is down 8.6% today and 70% compared to its record in early July, and Sharplink Gaming is down 10.5% on Thursday and almost 90% compared to its summit at the end of May.
Michael Saylor’s strategy (MSTR) – by a very wide margin, the first engine of the names of the Bitcoin Treasury – is much better than the group as a whole, lower by 1.8% Thursday and “only” about 30% compared to its top of 2025 hit in mid -July.
