Greenlane Holdings reported a significant drop in the value of its BERA crypto treasury, now valued at $16.4 million compared to the $70 million cost basis. This decline caused a $19.1 million noncash valuation loss on digital assets and contributed to a net loss of $24.8 million for the second quarter. Despite the losses, the company earned $309,000 in staking revenue from its BERA tokens. The sharp decline in BERA's price, down over 75% this year, heavily impacted Greenlane's financial results and reflects the risks of holding volatile crypto assets as treasury reserves.
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Binance Coin (BNB) is trading around $605, challenging a significant resistance level at $600, which it has historically struggled to surpass. Market analysts highlight $607.6 as a crucial pivot point; holding above this could lead to a rally toward ...
