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According to CoinWorld, Tom Lee from Fundstrat defended BitMine (BMNR), countering criticism regarding its cumulative unrealized loss of $6.6 billion in Ethereum (ETH), stating that this is an inherent feature of its price-tracking strategy. He dismissed claims that this position creates a "future cap" for Ethereum, pointing out that critics misunderstand the responsibilities of fund management companies. Lee believes that this loss reflects the overall downturn in the cryptocurrency market and questions why crypto companies face stricter scrutiny than traditional index ETFs.

According to a report by Bijie Network: Blockchain.com and Ondo Finance have expanded their partnership to offer tokenized US stocks and ETFs to users in the European Economic Area (EEA) through the Blockchain.com DeFi wallet. Currently, eligible users in the 30 EEA member countries can directly buy, sell, and hold over 200 such assets, including precious metal ETFs like SLVon and IAUon. Previously, this service was launched in Africa and South America in 2025. The total value locked (TVL) of Ondo Global Markets exceeds $556 millions, with a trading volume of over $8.7 billions.

The 90-day SMA realized profit and loss ratio is currently around 1.5, continuing to decline and gradually approaching 1, reflecting a gradual weakening of market liquidity conditions. Historical data shows that when this ratio continues to fall below 1, it is usually accompanied by widespread market sell-offs, with loss-making trades dominating. (glassnode)