Total number of natural gas rigs in the United States for the week ending June 13

While $BERA moves to Public Testnet bArtio B2, $CPOOL takes its place The leading RWA lending market is expanding to yet a new chain

BTC rebounded to $65,000 after a sharp pullback, Ethereum Pectra upgraded to support "wallet smart contractization", geopolitical turmoil spurred gold prices to soar...

Recently, some top projects in the Crypto Assets field have experienced an astonishing shrinkage in market capitalization, sparking widespread discussion both inside and outside the industry. Taking Movement as an example, this project once secured $100 million in funding, with a valuation that peaked at $3 billion. However, its current market capitalization is only $400 million, representing a fall of 86%. This situation is not an isolated case, as projects like Berachain, Babylon, and EigenLayer have also faced similar fates. Berachain has received $142 million in investment, with a valuation of $1.5 billion, but its market capitalization now stands at only $200 million. Babylon has fallen from a valuation of $800 million to a market capitalization of $100 million. The most notable is EigenLayer, which has dropped from a valuation of $1 billion to a market capitalization of $90 million, a decrease of 91%. This series of data has raised questions about the rationality of initial valuations in the market. Some believe that the initial valuations of these projects may be artificially inflated to attract retail investors. However, others argue that this is merely a process of self-regulation in the market, reflecting investors' reassessment of the actual value of the projects. It is worth noting that the fall of these four projects is over 86%, even approaching or exceeding 90%. This consistent large-scale decline phenomenon inevitably reminds people of the scenario during the burst of the cryptocurrency bubble in 2017. This round of market capitalization shrinkage has undoubtedly brought a cooling period to the Crypto Assets market. It reminds investors to more carefully assess project value, rather than blindly following overvaluations. At the same time, this may also be an opportunity for project parties to reassess their business models and value propositions. Despite the turmoil in the market, there are still views that truly valuable projects will eventually stand out during this process. For investors, this period may be a rare opportunity to gain a deeper understanding of the core technology and long-term development potential of projects, rather than simply being swayed by short-term market capitalization fluctuations. Overall, the recent fall in market capitalization, while shocking, may also be a necessary path towards the maturity of the Crypto Assets market. It highlights the importance of rational investment and value investing, while also providing the entire industry with an opportunity for reflection and adjustment.

Movement raised 100 million USD in funding, with a valuation skyrocketing to 3 billion. Now the market capitalization has fallen to a mere 400 million, good heavens, a shrinkage of 86%! Berachain is even more outrageous, with 142 million USD invested for a valuation of 1.5 billion, now it’s directly slashed to 200 million, this curve is more thrilling than a roller coaster. Babylon initially exchanged 70 million USD for an 800 million valuation, now it has a market capitalization of 100 million, this bubble has inflated to the point where I want to call the police. The most ridiculous is EigenLayer, with 160 million in funding for a 1 billion valuation, now the market capitalization is 90 million, even at a discount nobody wants it! Now I have two big question marks in my mind: Did institutions really spend so much real money back then? Could it be cooking the books? This valuation number is more inflated than my cousin's Honor of Kings rank! Is this operation deliberately inflating the valuation to cut retail investors? First, they draw a big pie to lure retail investors in, then the big players cash out and run? This trick is even more skilled than telecom fraud! Look at this fall, Movement fell by 86%, Berachain plummeted by 87%, Babylon crashed by 88%, EigenLayer dropped by 91% — the four brothers all fell over 90% together, this math problem is giving me a headache. Now, if anyone tells me that the altcoin season is coming, I will throw the calculator right in their face! I've seen through it: there are no myths in the crypto world, only the chives box, and it's the kind that has been chopped to bits.

A certain user ATH 😁 $BERA ATL 😭