The mNAV Mirage: How Twenty One's Collapse Exposes the Fault Line in Bitcoin Treasury Models
Hook 43,500 Bitcoin. That is the balance sheet of Twenty One Corp, the...
Special
•
CryptoWhale
•
2026-07-26
#mnav
mnav related articles
Strategy's mNAV Cracks Below 1.0: The Leverage Loop Is Breaking
Hook Block 876,323 just confirmed it. Strategy’s market value-to-net asset...
Special
•
Maxtoshi
•
2026-07-07
Market Prices
BTC
Bitcoin
$64,713.7
+0.71%
ETH
Ethereum
$1,912.24
+1.92%
SOL
Solana
$74.05
-0.16%
BNB
BNB Chain
$594.3
+0.00%
XRP
XRP Ledger
$1.06
-1.13%
DOGE
Dogecoin
$0.0701
-0.40%
ADA
Cardano
$0.1915
-0.98%
AVAX
Avalanche
$6.66
-0.61%
DOT
Polkadot
$0.8406
-2.71%
LINK
Chainlink
$8.15
-0.35%
Fear & Greed
27
Fear
Market Sentiment
Event Calendar
202628
03
unlock
Arbitrum Token Unlock
92 million ARB released
22
03
unlock
Optimism Unlock
Circulating supply increases by about 2%
18
03
unlock
Sui Token Unlock
Team and early investor shares released
12
05
halving
BCH Halving
Block reward halving event
15
04
halving
Bitcoin Halving
Block reward reduced to 3.125 BTC
30
04
upgrade
Celestia Mainnet Upgrade
Improves data availability sampling efficiency
10
05
upgrade
Ethereum Pectra Upgrade
Raises validator limit and account abstraction
08
04
upgrade
Solana Firedancer
Independent validator client goes live on mainnet
Market Cap
All →
1
Bitcoin
BTC
$64,713.7
1
Ethereum
ETH
$1,912.24
1
Solana
SOL
$74.05
1
BNB Chain
BNB
$594.3
1
XRP Ledger
XRP
$1.06
1
Dogecoin
DOGE
$0.0701
1
Cardano
ADA
$0.1915
1
Avalanche
AVAX
$6.66
1
Polkadot
DOT
$0.8406
1
Chainlink
LINK
$8.15
Tag Hub
Tools
All →Altseason Index
43
Bitcoin Season
BTC Dominance
Altseason
Gas Tracker
Ethereum
28 Gwei
BNB Chain
3 Gwei
Polygon
42 Gwei
Arbitrum
0.5 Gwei
Optimism
0.3 Gwei
🐋 Whale Tracker
🔵
0x66e8...fa56
2m ago
Stake
791,710 USDC
🟢
0xdb74...c8e4
1h ago
In
3,650,702 USDC
🔴
0x823d...dcde
30m ago
Out
2,057 ETH
💡 Smart Money
0x1d40...232b
Market Maker
+$0.3M
78%
0xb7d9...9c77
Experienced On-chain Trader
+$0.7M
90%
0x9df1...816b
Experienced On-chain Trader
+$2.5M
71%