spiral

ChainCatcher news, according to Jinshi reports, Federal Reserve official Goolsbee stated that if signs indicate that the economy has not fallen into an inflation spiral in September or later in the fall, the Federal Reserve could consider cutting interest rates.

ChainCatcher news, according to Coindesk, BACKSEAT has completed its seed round financing, raising a total of 1.4 billion yen (approximately 9.7 million USD).The seed round was co-led by Spiral Capital and Headline Asia, with participation from East Ventures. BACKSEAT Exchange was established based on the Japanese cryptocurrency exchange coinbook, which was previously acquired by BACKSEAT Corporation.

ChainCatcher news, according to a report by Cointelegraph, the latest report from venture capital firm Breed shows that Bitcoin reserve companies have become a major trend in 2025, but only a few experienced and disciplined companies are expected to survive future market fluctuations. The report points out that many Bitcoin treasury companies may fall into a "death spiral," especially those whose stock prices are close to net asset value (NAV).Breed's report details seven stages of decline for Bitcoin reserve companies: starting with a drop in Bitcoin prices, leading to a decrease in the multiple of net asset value (MNAV), which makes it difficult for companies to obtain debt and equity financing. As credit dries up and debts come due, margin calls will force companies to sell Bitcoin, further depressing market prices and potentially triggering industry consolidation or even a prolonged market downturn.The report emphasizes that only a few companies can maintain MNAV premiums and achieve per-share Bitcoin growth through strong leadership, rigorous execution, savvy marketing, and unique strategies. Currently, most companies are using equity rather than debt financing to purchase Bitcoin, which may limit the overall market impact, but if debt financing becomes mainstream, the situation could worsen.

ChainCatcher news, according to Cointelegraph, suitable market makers can act as boosters for crypto projects, helping them to launch on mainstream trading platforms, providing liquidity, and ensuring that tokens are tradable. In the field of market making, a popular yet often misunderstood model is called the "loan option model." In this model, the project lends tokens to market makers, who then use these tokens to provide liquidity, stabilize prices, and assist the project in launching on crypto trading platforms. However, in reality, this model has become a "death sentence" for many new projects.Behind the scenes, some market makers are profiting from this token loan structure, which is often packaged as "low risk, high return," but in reality can severely impact token prices, leaving nascent crypto teams in chaos and struggle. Ariel Givner, founder of Givner Law, stated, "The way it works is: market makers borrow tokens from the project at an agreed price, in exchange for their promise to help these tokens launch on major trading platforms. If they fail to fulfill this promise, they must repay the tokens at a higher price within a year."However, what often happens in reality is that market makers sell the borrowed tokens, triggering an initial price crash. After the token price has been driven down, they then buy back the tokens at a lower price, profiting from the difference.

ChainCatcher Solana ecosystem development platform Helius CEO Mert Mumtaz posted on X platform, "The issue with Solana ABI has spiraled out of control. There are unreadable explorers, inconsistent statistics, and continuously broken ecosystem integrations (wallet history, contract calls), among other problems. Can someone help me understand why it seems like no one cares about these?"Multicoin Capital partner Kyle Samani replied in the comments, "No vested interest."

ChainCatcher news, Ethereum Classic (ETC) announced that the mainnet will undergo the "Spiral" network upgrade to achieve protocol synchronization with Ethereum's "Shanghai" upgrade.