# Сопутствующие статьи по теме Exit

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Exit", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

When Crypto Is No Longer Fun, When Multicoin Capital Loses Its Soul

Kyle Samani, co-founder and managing partner of Multicoin Capital, has announced his departure from the firm’s daily operations and investment decisions, shifting his focus to other technology sectors such as AI and life sciences. Samani, widely regarded as one of crypto’s most influential and contrarian investors, played a key role in the firm’s early bet on Solana, which yielded massive returns. In a since-deleted social media post, Samani expressed that crypto is “not as fun as it used to be,” and no longer believes in the broader Web3 vision. He now sees blockchain primarily as a financial ledger with limited applications beyond finance, though he remains optimistic about privacy and DePIN sectors. Multicoin Capital’s investment activity has slowed significantly since late 2024, with only 10 deals since October 2024, far fewer than other top VCs. The firm’s major investments, such as Wormhole and Pyth Network, have also underperformed. Samani’s exit reflects a broader trend of key figures leaving crypto during a prolonged market downturn, citing disillusionment with the industry’s direction, unsustainable models, and weakened narratives. Despite this, firms like a16z and Pantera Capital remain active, suggesting the industry’s reassessment hasn’t yet turned into a full-scale exodus.

marsbit02/05 10:38

When Crypto Is No Longer Fun, When Multicoin Capital Loses Its Soul

marsbit02/05 10:38

Multicoin Capital Co-Founder Kyle Samani Exits Firm Amid Market Downturn

Multicoin Capital co-founder Kyle Samani has announced his departure from the firm after a decade, a move that coincides with a major crypto market downturn. He described the decision as "bittersweet" and personal, not driven by panic, and expressed full confidence in the firm's leadership. Samani clarified he is not leaving the crypto industry, opting for an "in-kind redemption" to receive shares in Forward Industries—a Solana-focused company he chairs—instead of cash. He remains "Mega long on Solana and Mega long on crypto overall" and plans to stay active in the sector. His exit highlights a significant shift but underscores his continued belief in Solana's long-term potential.

TheNewsCrypto02/05 09:52

Multicoin Capital Co-Founder Kyle Samani Exits Firm Amid Market Downturn

TheNewsCrypto02/05 09:52

The Man Who Best Promoted SOL Exits the Crypto World

Kyle Samani, co-founder and managing partner of Multicoin Capital, has stepped down from his daily operational and management roles at the crypto-focused venture firm and transitioned to an advisory position. Known as one of the most vocal proponents of Solana, Samani was instrumental in Multicoin’s early and heavy investments in the blockchain, famously declaring “Solana is always the answer” and publicly criticizing Bitcoin and Ethereum. Under his leadership, Multicoin achieved extraordinary returns from Solana, though the fund also faced significant losses during market downturns. Despite his exit from Multicoin, Samani remains committed to the crypto space, particularly Solana, and will continue personal investments in the ecosystem. He will retain his role as chairman of Forward Industries, a digital asset treasury company heavily invested in SOL. Samani plans to redeem his Multicoin stake not in cash but in shares and warrants of Forward Industries to increase his exposure. His departure is driven by a growing interest in emerging technologies such as AI, longevity science, and robotics. Samani has indicated he will take time to explore these areas but remains a firm believer in crypto’s potential to reshape global finance.

marsbit02/05 03:10

The Man Who Best Promoted SOL Exits the Crypto World

marsbit02/05 03:10

GameStop Exits and Runs Away, Saylor Is Still Buying

Ryan Cohen, CEO of GameStop, announced the company is divesting its entire Bitcoin holdings of approximately 4,710 BTC (worth around $450 million), transferring them to Coinbase Prime, signaling an intent to sell. This move comes less than a year after GameStop initially invested $513 million in Bitcoin, which represented only about 10.4% of its cash reserves at the time—characterized more as a speculative trial rather than a core strategic commitment. In contrast, Michael Saylor and MicroStrategy continue to aggressively accumulate Bitcoin, even during market downturns, demonstrating a deeply held conviction in the asset. While MicroStrategy’s approach has been all-in, leveraging debt to buy more Bitcoin during dips, GameStop’s exit reflects a lack of long-term belief in Bitcoin as a treasury asset. The divergence highlights a broader trend: the initial “corporate Bitcoin treasury” strategy—where companies buy Bitcoin to potentially boost stock performance—is losing steam as the market corrects. Analysts suggest the space may consolidate, evolve into more sophisticated financial strategies, or see Bitcoin downgraded to a high-risk alternative asset rather than a revolutionary balance sheet choice. GameStop is now pivoting toward becoming a diversified investment holding company, with ambitions to grow into a $100 billion+ enterprise, possibly through acquisitions. The episode underscores a divide between short-term speculators and long-term believers like Saylor, who continues to buy despite volatility. The market will ultimately judge which strategy prevails.

比推02/04 13:15

GameStop Exits and Runs Away, Saylor Is Still Buying

比推02/04 13:15

GameStop Exits, Saylor Still Buying

GameStop, led by CEO Ryan Cohen, has reportedly moved its entire Bitcoin holdings of approximately 4,710 BTC (worth around $450 million) to Coinbase Prime, signaling an intent to sell. This decision comes less than a year after the company initially invested $513 million in Bitcoin, averaging a cost of about $108,917 per coin. Cohen publicly stated that he now sees a more attractive strategy than Bitcoin, focusing on transforming GameStop into an investment holding platform akin to Berkshire Hathaway. This move contrasts sharply with the approach of Michael Saylor and MicroStrategy, who have continued to aggressively accumulate Bitcoin despite market downturns. While GameStop’s investment represented only about 10.4% of its cash reserves, MicroStrategy has heavily leveraged its balance sheet to buy Bitcoin, reflecting a deeper conviction in the asset. The divergence highlights a broader trend: corporate Bitcoin treasury strategies, which thrived during bull markets, are now under pressure as prices fall. Some companies may exit entirely, while others, like MicroStrategy, double down. The market is likely to see consolidation, evolution in financial strategies around Bitcoin, and a potential downgrade in Bitcoin’s narrative from a revolutionary asset to a high-volatility alternative. GameStop’s exit may become a footnote in the larger story of corporate Bitcoin adoption, underscoring the difference between short-term speculation and long-term belief.

marsbit02/04 07:42

GameStop Exits, Saylor Still Buying

marsbit02/04 07:42

Solana’s validator exits deepen: Will SOL see another 2024-style bear cycle?

Solana's validator count has dropped to 789, a multi-year low and a nearly 43% decline since 2025. This trend mirrors the pattern from the 2024 bear cycle, where a 51% validator exodus preceded a 30% price drop in SOL. While network fees have increased by 150% in the current cycle, this growth is attributed to higher transaction costs rather than increased usage, as monthly transactions have declined. This divergence indicates persistent pressure on validator economics, as operating costs may outweigh revenue. With weak technicals and muted capital rotation into altcoins, Solana faces the risk of a fundamentals-driven bear cycle if a usage-led recovery does not materialize.

ambcrypto01/27 15:02

Solana’s validator exits deepen: Will SOL see another 2024-style bear cycle?

ambcrypto01/27 15:02

‘End of an era’ as Ethereum OG exits after $274mln sale – Details

An Ethereum OG whale, known for holding 154,076 ETH since 2017 with an average entry price of $517, has sold their final 26,000 ETH (worth ~$80.88M) via Bitstamp. This concludes a multi-year exit strategy resulting in a $274 million profit—a 344% return. The sale coincides with institutional outflows from spot Ethereum ETFs ($93.8M), adding short-term selling pressure. However, institutional buyers like BitMine Immersion Technologies are accumulating and staking ETH, shifting long-term ownership toward entities with extended horizons. The move aligns with Vitalik Buterin’s vision for Ethereum to prioritize data scalability and user sovereignty over transaction speed, emphasizing the network’s value beyond price. Despite volatility, the market shows maturity by absorbing large sell-offs without structural damage.

ambcrypto01/12 11:02

‘End of an era’ as Ethereum OG exits after $274mln sale – Details

ambcrypto01/12 11:02

The Full Story of the Zcash Core Team's Exit: A Crypto Version of the OpenAI Drama

Zcash Core Team Departs to Form CashZ, Highlighting Crypto's Non-Profit vs. For-Profit Tension The core development team of Zcash (ZEC), Electric Coin Company (ECC), has collectively left the project's non-profit governance structure, Bootstrap, citing a "clear and persistent misalignment" with Zcash's core mission. ECC CEO Josh Swihart announced the team's departure and the immediate formation of a new for-profit startup, CashZ (CashZ.org), which will focus on commercializing a Zcash wallet to achieve mass adoption. The split stems from a fundamental disagreement on organizational structure. ECC argued that the non-profit Bootstrap model severely constrained funding, incentives, and execution efficiency, hindering scalability. Bootstrap's board, however, expressed concerns that the transition to a for-profit entity could introduce significant legal and political risks to the entire Zcash ecosystem. The situation has been compared to the OpenAI governance drama, representing a recurring industry conflict: the tension between the safety and ethics of a non-profit and the efficiency and scalability of a for-profit company. Following the news, Zcash's price fell approximately 20%, reflecting market unease. Despite the split, the new CashZ team insists the Zcash protocol itself remains unaffected and their mission to build "unstoppable private money" continues.

marsbit01/11 00:10

The Full Story of the Zcash Core Team's Exit: A Crypto Version of the OpenAI Drama

marsbit01/11 00:10

Base Contributes 70% of Revenue but Pays Only 2.5% in 'Rent', Superchain May Enter Countdown to 'Breakup'

Base, Coinbase's L2 network, contributes approximately 71% of Superchain's sequencer revenue but pays only 2.5% of its income to Optimism Collective. This revenue concentration is increasing, while OP token prices have plummeted 93% from their peak, despite Base’s TVL growing 48%. The MIT-licensed OP Stack allows Coinbase to fork or renegotiate terms at any time. Base’s minimal governance participation and recent independent infrastructure developments (e.g., a Solana bridge using Chainlink CCIP) suggest reduced reliance on Superchain. Coinbase has begun exploring a native BASE token, which could overlap with or supersede OP governance, potentially leading to renegotiated revenue sharing or full exit. Optimism’s 118M OP token grant to Base offers limited binding value. OP holders face significant asymmetric risk: limited upside from Base’s growth but severe downside if Coinbase reduces payments or exits. Market pricing reflects poor value accrual to OP but not yet the exit risk.

marsbit01/09 04:39

Base Contributes 70% of Revenue but Pays Only 2.5% in 'Rent', Superchain May Enter Countdown to 'Breakup'

marsbit01/09 04:39

ETH Staking Data Reversal: Exits Zeroed Out VS Entries Surge by 1.3 Million, When to Buy the Dip?

ETH Staking Data Reverses: Exit Queue Clears vs. 1.3 Million ETH Entering—Time to Buy the Dip? On January 7, the Ethereum proof-of-stake exit queue fully cleared, indicating that months of withdrawal pressure have been digested with no new large-scale redemption requests observed. Meanwhile, the staking entry queue surged significantly, with approximately 1.3044 million ETH waiting to enter, a wait time of about 22 days and 15 hours. This marks a complete reversal from mid-September 2023, when 2.66 million ETH exited staking amid high price levels (~$4700), followed by a 34% price drop to around $3100 over the next three and a half months. The staking queue is often seen as a sentiment indicator, but not a direct price signal. The recent surge in entries is largely driven by a single large institution, BitMine, which staked about 771,000 ETH (18.6% of its holdings) in two weeks. This suggests the trend reflects institutional asset reallocation rather than broad market bullishness or immediate buying pressure. Beyond staking, Ethereum fundamentals show signs of improvement: Q4 2024 saw a record 8.7 million smart contracts deployed, stablecoin transfer volume on Ethereum exceeded $8 trillion, and gas fees hit all-time lows. Exchange balances of ETH are near historic lows (12.7 million, down over 25% since August 2025), indicating reduced selling pressure. Additionally, Ethereum’s TVL dominates 59% of the crypto market, while its market cap is only 14%, suggesting potential undervaluation compared to chains like Solana and BNB Chain. In summary, while the staking shift alone isn’t a definitive price catalyst, it aligns with broader fundamental improvements—developer activity, stablecoin usage, low fees, and reduced exchange supply—pointing to a recovery in Ethereum’s structural stability post-correction.

marsbit01/07 11:17

ETH Staking Data Reversal: Exits Zeroed Out VS Entries Surge by 1.3 Million, When to Buy the Dip?

marsbit01/07 11:17

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