TLDR FG Nexus sold 10, 922 ETH worth $32. 7 million to fund a $200 million share buyback program after its stock fell 94% in four months The company bought back 3. 4 million shares at $3. 45 each, representing 8% of outstanding shares, while shares traded below net asset value of $3. 94 ETHZilla previously sold $40 million in [.] The post Ethereum Treasury Firms Face Crisis as Stocks Plunge Below Asset Value appeared first on CoinCentral.
TLDR Bank cash reserves at the Federal Reserve dropped to approximately $2. 93 trillion last week, approaching levels that historically trigger policy responses Author Adam Livingston believes reserves are within five weeks of reaching a “danger zone” that could prompt changes in Federal Reserve policy Three factors are draining liquidity: Treasury rebuilding cash balances, Fed’s quantitative [.] The post Bitcoin Poised for Explosive Rally as Fed Bank Reserves Hit Critical Threshold appeared first on CoinCentral.
