Market Value Trap. Many investors don't understand how stock market value is calculated. Companies with a coin-stock linkage often frequently issue additional shares, resulting in a significant undervaluation of their market capitalization. Many people rush in when they see a market capitalization of $50 million or $10 million, unaware that the actual market capitalization after the additional issuance is already $1 billion.
Lack of Performance Support. The vast majority of coin-stock companies lack stable core revenue, and their stock prices are highly dependent on sentiment and hype.
High Leverage and Volatility. The coin-stock concept is like leveraged crypto, with both price fluctuations magnified. Once sentiment recedes, a "double kill" is easily achieved—a drop in both coin and stock prices.
Death Spiral Risk. Ethereum founder Vitalik Buterin once described the worst-case chain reaction: ETH decline → forced liquidation → further market crash → collapse of trust. V. Future Trends of "Coin-Stock Linkage" More publicly listed companies holding cryptocurrencies are emerging. Currently, these are concentrated in BTC, ETH, SOL, and BNB, and will continue to expand to XRP, DOGE, TRX, TON, SUI, LTC, FET, and others. The US stock market is the primary battlefield, with some activity in the Hong Kong stock market. The US stock market remains the core stage, and Hong Kong stocks have a certain appeal among Asian project developers. Regulation will eventually catch up. Innovation always runs ahead of regulation, and regulators will only intervene after systemic risks emerge. Invest with caution. Whether it's the inscriptions of 2023, the memes of 2024, or the cryptocurrency-stock boom of 2025, ultimately only a handful of leading companies will survive both bull and bear cycles, while most concept stocks will ultimately return to zero. The cryptocurrency-stock linkage, a product of the deep integration of the crypto and traditional capital markets, holds enormous opportunities but also carries significant risks. Investors must understand both cryptocurrencies and stocks, and, more importantly, the rules of the capital markets. Flying on the wind requires not only courage but also a parachute.
Vanadi, a Spanish coffee company, plans to invest $1.1 billion in Bitcoin and change its focus from coffee to digital assets. This decision follows a tough financial year, with the chairman hoping Bitcoin will help the company recover.
AnaisA former Russian energy executive used stolen electricity to mine Bitcoin at home, causing losses to the power grid. Police seized his crypto and uncovered further corruption linked to his role in the energy sector.
WeatherlyMeta has signed a 20-year agreement to source 1.1 gigawatts of nuclear energy from a facility in Illinois, marking a significant step in powering its expansive data centers and energy-intensive AI models.
CatherineA crypto project linked to Donald Trump quietly airdropped 47 USD1 stablecoins to thousands of WLFI token holders without any formal announcement. Some wallets quickly sent the tokens back, raising questions about the purpose and fairness of the distribution.
WeatherlyThe SEC is changing how it regulates crypto by creating clear rules instead of using tough enforcement. Chairman Paul Atkins says the goal is to protect investors while helping crypto and blockchain grow in the UK and beyond.
AnaisThe Singapore High Court rejected WazirX’s restructuring bid over transparency concerns tied to its $234.9 million hack. In response, the India-focused exchange is relocating to Panama and rebranding as Zensui, raising questions amidst Singapore’s tightening crypto regulations.
CatherineMoroccan police have arrested Badiss Mohamed Amide Bajjou in Tangier, a key suspect in France’s crypto kidnapping cases. His arrest follows an Interpol Red Notice and the earlier capture of 25 associates. A second suspected mastermind remains at large.
KikyoReddit has sued AI startup Anthropic for using millions of user comments without permission to train its chatbot, accusing it of ignoring requests to stop and breaking user agreements. This lawsuit is part of a broader legal battle between content creators and AI firms over the use of data without proper consent or payment.
WeatherlyElon Musk, with Rep. John Rose, is urging Americans to oppose Trump’s “One Big Beautiful Bill,” saying it undoes past spending cuts. The bill passed the House but faces Senate pushback, raising questions about Musk’s shift from ally to critic.
CatherineCircle raised $1.1 billion in its IPO after pricing shares at $31 due to strong investor demand. The listing puts the stablecoin firm on the New York Stock Exchange, with major backing from BlackRock and ARK.
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