📌 TOPINDIATOURS Update crypto: Trend Research Slashes Ether Holdings After Market

Crypto treasury firm Trend Research has sharply reduced its Ether position following the recent market downturn, moving large amounts of ETH to exchanges as it works to service outstanding debt.

Blockchain data shows the firm held roughly 651,170 Ether on Sunday in the form of Aave-wrapped ETH. By Friday, the balance had fallen to about 247,080 ETH, a drop of more than 404,000 tokens in less than a week.

Onchain analytics platform Arkham reported that 411,075 ETH has been transferred to Binance since the start of the month.

Ether Drops Nearly 30% in a Week Before Partial Rebound

The movements coincided with a steep decline in Ether’s price, which slid nearly 30% over the past week to a low near $1,748 before recovering to around $1,967.

Trend Research built its position using a leveraged strategy. The company, linked to Liquid Capital founder Jack Yi, purchased Ether and posted it as collateral on the lending protocol Aave to borrow stablecoins, then used the borrowed funds to buy additional ETH.

The falling market has placed the position under pressure. According to Lookonchain, the firm faces several potential liquidation levels between $1,698 and $1,562, meaning further price declines could trigger automatic collateral sales on the lending platform.

Yi acknowledged in a post on X that his earlier call on the market bottom came too soon but said he remains optimistic and will continue managing risk while waiting for a recovery.

Trend Research first drew attention after the $19 billion crypto liquidation cascade in October 2025, when it began aggressively accumulating Ether.

At one point in December, the firm would have ranked among the largest holders of ETH globally, although it does not appear on most public corporate treasury trackers because it is privately held.

BitMine’s $7B Paper Loss Tests Corporate Ethereum Treasury Strategy

BitMine Immersion Technologies, led by Fundstrat’s Tom Lee, is also under pressure after Ether’s sharp decline pushed the company deep into unrealized losses.

With roughly 4.28 million ETH on its balance sheet, the firm is sitting on more than $7 billion in paper losses after the token fell near $2,100.

The company had accumulated its holdings at much higher prices, making it one of the largest single-asset corporate bets in crypto.

The firm shifted from Bitcoin mining to an “Ethereum-first” treasury model in 2025, buying ETH at an estimated $3,800–$3,900 average.

The market downturn has dragged down both its portfolio and stock price, drawing comparisons to Michael Saylor’s Bitcoin-heavy Strategy, which is also facing sizable unrealized losses.

Analysts say both companies highlight the risk of concentrated crypto treasury strategies tied to volatile assets.

Despite the drawdown, Lee remains confident. He argues Ethereum’s fundamentals are strengthening, pointing to record transaction activity and rising active addresses.

The company now holds about 3.55% of Ethereum’s supply and is targeting 5% while expanding staking operations.

Nearly $6.7 billion worth of ETH is staked, and BitMine plans to launch its Made in America Validator Network in 2026.

The post Trend Research Slashes Ether Holdings After Market Crash to Repay Loans appeared first on Cryptonews.

🔗 Sumber: cryptonews.com

📌 TOPINDIATOURS Eksklusif crypto: NBA Star Giannis Antetokounmpo Becomes Sharehold

Milwaukee Bucks forward Giannis Antetokounmpo has taken a stake in prediction market platform Kalshi, marking the first time an active NBA player has directly invested in the federally regulated event-contracts exchange.

The two-time NBA MVP announced the partnership Friday, saying he will join Kalshi as a shareholder and collaborate with the company on live events and marketing campaigns.

Kalshi confirmed the agreement in a statement, adding that Antetokounmpo will not be allowed to trade on any NBA-related markets due to internal rules prohibiting insider trading and manipulation.

Inside Kalshi’s ‘Yes-or-No’ Prediction Trading Markets

Kalshi operates a marketplace where users trade “yes or no” contracts tied to real-world outcomes.

The platform lists markets spanning politics, entertainment and sports, allowing traders to take positions on events such as award winners or championship results.

Earlier this week, the service even hosted a market on whether Antetokounmpo himself would be traded before the NBA deadline.

Although money changes hands, the platform is treated as a financial exchange rather than a sportsbook.

As a result, Kalshi is permitted to operate across the United States under federal oversight, avoiding the patchwork of state gambling regulations that apply to traditional betting operators.

The NBA’s collective bargaining agreement allows players to promote betting companies under certain conditions, provided they do not advertise wagers on NBA, WNBA or G League games.

Players may also hold passive equity stakes of up to 1% in such businesses. Antetokounmpo’s investment falls within those limits.

“I like to win. It’s clear to me Kalshi is going to be a winner and I’m excited to be getting involved,” Antetokounmpo said.

He is not the first basketball figure linked to the company. Phoenix Suns star Kevin Durant is reportedly an indirect investor through the 35V venture fund he co-founded with agent Rich Kleiman.

The move comes amid heightened scrutiny of sports wagering. US authorities recently filed gambling-related charges involving several basketball figures, and regulators have been examining the expanding overlap between trading platforms and betting markets.

The NCAA previously asked Kalshi to modify wording on its site that suggested an official relationship with the organization.

Kalshi Expands Sports Push With NHL Deal and Athlete Endorsement

Despite the attention, Kalshi has been expanding its sports presence.

The company announced a partnership with the NHL in October and, in January, signed professional golfer Bryson DeChambeau as its first athlete endorser, including appearances and promotional campaigns tied to events in which he competes.

Kalshi has also secured a major media breakthrough after signing a partnership with CNN, making the company the network’s official prediction markets partner while closing a $1 billion funding round at an $11 billion valuation.

Web3 prediction markets have crossed $13 billion in cumulative trading volume, marking a record high even as broader crypto markets cool.

The surge has drawn in major players across tech and finance, including Fanatics, Coinbase, and MetaMask, all of which have recently launched or expanded event-trading platforms.

The post NBA Star Giannis Antetokounmpo Becomes Shareholder in Prediction Market Kalshi appeared first on Cryptonews.

🔗 Sumber: cryptonews.com