Crypto’s downturn is rippling through treasuries, ETFs and mining infrastructure, exposing how digital asset volatility reshapes balance sheets and operations.
Crypto’s latest sell-off isn’t just a price story. It’s showing up on balance sheets, inside spot exchange-traded funds (ETFs) and even in how infrastructure gets used when markets turn.

This week, Ether’s (ETH) slide is leaving treasury-heavy companies nursing massive paper losses, while Bitcoin (BTC) ETFs are giving a new wave of investors their first real taste of downside volatility.
At the same time, extreme weather is reminding miners that hash rate still depends on power grids, and a former crypto miner-turned-AI darling shows how yesterday’s mining infrastructure has quietly become today’s AI backbone.
Read more


Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more