Crypto treasury mNAV metric ‘needs to be deleted’ — NYDIG

NYDIG has raised concerns about the mNAV metric used by Bitcoin treasury companies, claiming it is misleading. They argue that mNAV does not accurately reflect the value of operating businesses and relies on assumed shares outstanding, which can lead to inaccuracies. This matters because it highlights the need for transparency and accuracy in financial metrics, especially in the volatile cryptocurrency market.

Soluna's stock has surged by an impressive 94% in just one day, raising questions about its potential to become the next big player like IREN. This dramatic increase highlights investor confidence in Soluna's innovative approach to high-performance computing and its strategic positioning in the cryptocurrency market. As the demand for efficient computing solutions grows, Soluna's advancements could significantly impact the industry, making it a company to watch closely.

XRP is showing signs of recovery as it trades above the $2.80 support level, with potential to rise further if it can break through key resistance points at $2.880 and $2.920. This upward movement is significant as it indicates growing investor confidence and could lead to a more sustained rally in the cryptocurrency market, making it an important development for traders and enthusiasts alike.

New York City Mayor Eric Adams has announced that he will not seek reelection, leaving the city's pro-crypto initiatives in uncertainty. This decision is significant as Adams has been a vocal supporter of cryptocurrency, and his absence could impact the future of crypto policies in one of the world's largest cities.

In Madagascar, protests have surged in Antananarivo and beyond due to ongoing water and power cuts, leading to a notable increase in searches and downloads of the messaging app Bitchat. This spike highlights how citizens are turning to digital communication tools during times of unrest, reflecting a growing reliance on technology for connection and organization in challenging circumstances.

Multiple Network is taking decisive action to recover from a recent setback involving its MTP token. After a market maker unauthorizedly dumped tokens, the company plans to replace the compromised token and initiate a $1 million buyback program over the next year. This move not only aims to stabilize the token's value but also demonstrates the company's commitment to its community and investors, ensuring trust and confidence in the long run.

Ethereum's recent price movement shows promise as it bounces back above $4,050, indicating a potential rally. With the cryptocurrency stabilizing above $3,820 and breaking key resistance levels, traders are optimistic about further gains if it can surpass $4,170. This recovery is significant as it reflects growing confidence in Ethereum's market position, which could attract more investors and influence the broader cryptocurrency landscape.