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The $747 Million Capitulation: Inside the Collapse of Trend Research’s $2.6 Billion Ethereum Bet (2026)
In what is being described as the first major failure of a high-profile "Digital Asset Treasury" (DAT), Hong Kong-based investment firm Trend Research has all entirely liquidated its Ethereum (ETH) holdings. The firm, led by Liquid Capital founder Jack Yi, crystallized a staggering $747 million realized loss after months of defending a highly lever...
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