Peter Schiff: MSTR Stock Price Has Fallen 45% from November 2024 High, Bitcoin Treasury Companies May Struggle to Survive Bear Market

Centrifuge has confirmed that three funds—JAAA, JTRSY, and HYB—have launched on Circle’s Arc blockchain. The funds provide exposure to AAA-rated collateralized loan obligations (CLOs), short-term U.S. Treasuries, and high-yield corporate bonds respectively, utilizing investment strategies from Janus Henderson and New York Life Investment Management. All three funds support subscriptions via USDC on Arc, with direct investment limited to eligible non-U.S. professional investors. The minimum investment amounts are $500,000 for JAAA and JTRSY, and 100,000 USDC for HYB. (The Defiant)

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that established an ETH position a year ago appears to have cut its losses, with an estimated loss of $2.443 million. Address 0x102…2e383 transferred 6,595.2 ETH (valued at approximately $17.57 million) to Coinbase 3 hours ago. Of the total, 6,500 ETH were withdrawn between June and August 2025 at an average price of $3,040.4. During that period, the address saw unrealized losses exceeding $9.557 million at one point, and ultimately exited the position with a 12.3% reduction in its holdings.

Bloomberg ETF analyst Eric Balchunas said in a post that the U.S. Securities and Exchange Commission (SEC) has approved 3x bull ETPs for Bitcoin, Ethereum, gold, silver, crude oil, and natural gas under the Securities Act of 1933.

Overnight to this morning, U.S. employment data came in far below expectations: September added just 29,000 jobs, the unemployment rate rose to 4.2%, while July and August figures were revised down by around 60,000 jobs. Following the data, market expectations for a Federal Reserve (Fed) interest rate hike in October cooled further. Driven by the above data, all three major U.S. stock indexes rose on Friday: the Dow Jones Industrial Average closed up 0.49%, the S&P 500 gained 0.74%, and the Nasdaq climbed 1.19%. For individual stocks, according to BIT (bit.com) market data, SpaceX rose 7.35%, Tesla rose 4.65%, Dell rose 3.8%, Broadcom rose 3.35%, ASML rose 3.25%, and Nvidia rose 1.34% to hit another all-time high. Accenture fell 6.27%, and SanDisk dropped 3.79%. Meanwhile, Bitcoin briefly surged to $87,000 after the employment data release before pulling back, currently trading at $84,643.39, with a 0.7% decline in the past 24 hours.

Aave Labs has submitted an ARFC proposal to establish a memberless foundation named Aave Foundation in the Cayman Islands. The foundation will hold the lending protocol’s trademark and related intellectual property under the oversight of Aave DAO. The proposal only covers foundation registration and the appointment of independent directors, supervisors, and secretaries. The DAO will bear reasonable registration, legal, and setup fees, with no recurring budget allocated. Aave Labs and DAO service providers are prohibited from appointing or serving as directors or supervisors. Core governance rights—including protocol listing, parameter adjustments, budget approvals, and service provider selection—will remain with the DAO. Future transfers of trademarks, domains, and code intellectual property will be put to separate DAO votes, while the foundation will disclose its held assets, operating expenses, and related legal actions on a quarterly basis.

According to The Information, people familiar with the matter revealed that Anchorage Digital, a U.S. federally chartered digital asset bank, has laid off approximately 17% of its staff.