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Standard Chartered Bank: Digital asset treasury is under pressure as market net asset value (mNAV) plummets

Source: CoinWorld
According to Coinjie.com, Standard Chartered Bank warned that digital asset treasury (DAT) companies were at risk, as market net asset value (mNAV) plummeted recently, and many companies fell below key level 1, weakening their ability to continue purchasing cryptocurrencies. The bank pointed out that market saturation, investor caution and unsustainable business models are the main reasons, and the industry is expected to integrate, and large players may acquire weaker competitors.
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