PANews reports that on February 26, The Block stated that the on-chain asset management firm MEV Capital’s assets have decreased by 80% from a peak of $1.5 billion in October 2025 to approximately $300 million as of February 25. The asset decline over four months was triggered by the stablecoin de-pegging event on October 10 last year, which caused automatic liquidations across multiple protocols and resulted in direct losses exceeding $10 million for the company. MEV Capital heavily invested in the yield strategies of the deUSD stablecoin issued by Elixir. The shrinking assets led to a significant drop in revenue. The company’s total protocol revenue in Q1 2026 fell to $804,720, down 86.8% from $6.1 million in Q4 2025, and down 92.4% from the peak of $10.62 million in Q1 2025. Quarterly earnings dropped from $608,910 in Q4 2025 to $99,020 in the most recent quarter. CEO Laurent Bourquin has stepped back from the public eye, and about 10 of the original 15 employees have left.
Luxembourg-based digital asset investment platform Belem Capital announced it has terminated its management authorization with MEV Capital, internalized its institutional asset management team, and integrated 10 asset management and risk technology experts. The tokenization protocol Midas has ended its partnership with MEV Capital and appointed RockawayX as the strategy manager for its mMEV and mevBTC products. RockawayX will be responsible for ongoing risk monitoring and strategy oversight, and all pending redemptions have been completed at the latest verified prices.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Brad Garlinghouse Maps Ripple’s 2026 Strategy After Expansion Surge
Ripple is enhancing its 2026 strategy through integration of acquisitions and workforce growth, improving operational efficiency. The Ripple Prime platform is thriving, tripling its revenue as institutional interest grows, while rising treasury demand shapes corporate focus and drives further service integration.
CryptoFrontNews41m ago
Does USDT have sufficient reserves? Tether reportedly hires KPMG for a comprehensive audit.
The Financial Times of the UK reported on Thursday, citing informed sources, that Tether, the world's largest stablecoin issuer, has commissioned KPMG, one of the Big Four accounting firms, to conduct a comprehensive financial audit of its USDT, which has a market value of $185 billion.
At the same time, Tether has also hired another Big Four accounting firm, PwC, to assist in organizing and optimizing the company's internal systems and financial processes in preparation for the upcoming audit. This is seen as Tether's most substantial and groundbreaking step toward "financial transparency" since its establishment.
Tether's CFO, Simon McWilliams, stated earlier this week that the company has "long been operating in accordance with the audit standards of the Big Four accounting firms" and promised that "the final audit report will certainly be delivered to the public on time."
This auditing action comes as Tether prepares to enter the US market.
区块客53m ago
RIV Coin Launches on Solana to Bridge Institutional Capital with DeFi Infrastructure
[PRESS RELEASE – Dubai, United Arab Emirates, March 24th, 2026]
RIV Coin ($RIV), a Vault protocol token built on the Solana blockchain, has officially launched as the core token of a reserve-backed digital asset ecosystem. The project introduces a verifiable reserve framework that enables off-chain
CryptoPotato1h ago
Cardano (ADA) at Make-or-Break Level: Potential Targets From Here - U.Today
Cardano is currently facing a crucial price point at $0.245, considered key support. Recently, ADA has shown a decline and is preparing for the van Rossem hard fork with the release of node 10.7.0, marking significant progress for testing and ecosystem integration.
UToday1h ago
Tether Taps KPMG for First Big Four USDT Audit Amid U.S. Expansion Push
Tether has hired KPMG for a comprehensive audit of its $184 billion USDT stablecoin, along with PwC to prepare for the process. This comes amid plans to register USDT under the GENIUS Act, addressing transparency concerns over its reserves.
Decrypt2h ago
