[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"nav-categories":3,"article-crypto-market-crash-exposes-brutal-divide-btc-holders-profit-eth-sol-giants-drown-in-losses":70},{"data":4},[5,37,57,64],{"name":6,"slug":7,"categories":8},"Productivity","productivity",[9,13,17,21,25,29,33],{"id":10,"title":11,"slug":12},17,"Branding","branding",{"id":14,"title":15,"slug":16},19,"Marketing","marketing",{"id":18,"title":19,"slug":20},20,"Work","work",{"id":22,"title":23,"slug":24},34,"Community","community",{"id":26,"title":27,"slug":28},21,"For newbies","for-newbies",{"id":30,"title":31,"slug":32},24,"Investment","investment",{"id":34,"title":35,"slug":36},22,"Finance","finance",{"name":38,"slug":39,"categories":40},"Tech","tech",[41,45,49,53],{"id":42,"title":43,"slug":44},28,"Technology","technology",{"id":46,"title":47,"slug":48},32,"Artificial Intelligence","artificial-intelligence",{"id":50,"title":51,"slug":52},26,"Security and protection","security-and-protection",{"id":54,"title":55,"slug":56},31,"YouTube Blog","youtube-blog",{"name":58,"slug":59,"categories":60},"News","news",[61],{"id":62,"title":58,"slug":63},18,"quasanews",{"name":65,"slug":66,"categories":67},"Business","business",[68],{"id":69,"title":65,"slug":66},16,{"post":71,"published_news":94,"popular_news":151,"categories":215},{"title":72,"description":73,"meta_title":72,"meta_description":74,"meta_keywords":75,"text":76,"slug":77,"created_at":78,"publish_at":78,"formatted_created_at":79,"category_id":62,"links":80,"view_type":83,"video_url":84,"views":85,"likes":86,"lang":87,"comments_count":86,"category":88},"Crypto Market Crash Exposes Brutal Divide: BTC Holders Profit, ETH & SOL Giants Drown in Losses","The cryptocurrency market's brutal Q4 plunge—wiping out over $1 trillion in total capitalization since October—has exposed the stark fault lines in corporate digital asset treasuries (DATs). While Bitcoin maximalists like Michael Saylor's Strategy (formerly MicroStrategy) cling to unrealized gains amid the chaos, Ethereum and Solana-focused behemoths are drowning in red ink. As of November 21, 2025, with BTC hovering near $85,000, ETH below $2,800, and SOL scraping $134, the largest public holders of these assets are staring down multi-billion-dollar paper losses that could force a wave of liquidations and reshape the DAT landscape.","True equilibrium will only arrive when no more than 3,000 real, useful crypto projects remain standing — and the rest are gone forever.","The next few months will bring serious events that will wash even more whales ashore — and separate the survivors from the wreckage.","\u003Cp>The 2025 crypto winter has hit corporate treasuries like a freight train — and the pain is wildly uneven.\u003C/p>\n\n\u003Cp>While Bitcoin-maximalist companies ride out the storm with billions in unrealized gains, the largest public holders of Ethereum and Solana are hemorrhaging cash at historic levels.\u003C/p>\n\n\u003Chr />\n\u003Ch4>\u003Cstrong>Strategy (Michael Saylor) – Still Deep in the Green\u003C/strong>\u003C/h4>\n\n\u003Cul>\n\t\u003Cli>Holds: 649,870 BTC;\u003C/li>\n\t\u003Cli>Average buy price: $74,433;\u003C/li>\n\t\u003Cli>Current unrealized profit: ~$6.15 billion (+12.7%).\u003C/li>\n\u003C/ul>\n\n\u003Cp>\u003Cimg alt=\"\" class=\"image-align-left\" height=\"165\" src=\"https://quasa.io/storage/photos/00/photo_2025-11-21_17-40-26.jpg\" width=\"400\" />Even after Bitcoin’s sharp correction from its all-time high, Saylor’s fortress remains solidly profitable. Strategy continues to treat BTC not just as a store of value, but as “productive capital” — issuing dollar-yielding instruments like its Stretch (STRC) preferred shares on top of the stack.\u003C/p>\n\n\u003Cp>Saylor insists the company is not an investment fund or trust, but an operating business with a unique Bitcoin strategy.  \u003C/p>\n\n\u003Cp>His arguments, however, barely hold water: Strategy is, in all but name, a publicly traded Bitcoin investment fund — and the market, index providers, and most analysts already treat it as such.\u003C/p>\n\n\u003Chr />\n\u003Ch4>\u003Cstrong>BitMine (Tom Lee) – The Ethereum Bloodbath\u003C/strong>\u003C/h4>\n\n\u003Cul>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/bitmine-led-by-tom-lee-amasses-over-2-of-ethereum-supply\">Holds\u003C/a>: 3.56 million ETH (largest public ETH treasury);\u003C/li>\n\t\u003Cli>Average buy price: $4,010;\u003C/li>\n\t\u003Cli>Current unrealized loss: $4.52 billion (−31.7%).\u003C/li>\n\u003C/ul>\n\n\u003Chr />\n\u003Ch4>\u003Cstrong>Forward Industries – Solana’s Biggest Public Victim\u003C/strong>\u003C/h4>\n\n\u003Cul>\n\t\u003Cli>Holds: 6.83 million SOL (largest public SOL treasury);\u003C/li>\n\t\u003Cli>Average buy price: $232.08;\u003C/li>\n\t\u003Cli>Current unrealized loss: $711 million (−44.9%).\u003C/li>\n\u003C/ul>\n\n\u003Chr />\n\u003Ch4>\u003Cstrong>The Index Exile Sword Hanging Over Strategy\u003C/strong>\u003C/h4>\n\n\u003Cp>JPMorgan warns that if MSCI and Nasdaq 100 reclassify companies with >50% crypto exposure as “investment funds” (decision expected by mid-January 2026), Strategy could see up to $2.8 billion forced out in a single rebalancing day.\u003C/p>\n\n\u003Cp>\u003Cstrong>Also read:\u003C/strong>\u003C/p>\n\n\u003Cul>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/bbc-s-streaming-overhaul-84-managers-out-survival-mode-on\">BBC’s Streaming Overhaul: 84 Managers Out, Survival Mode On\u003C/a>\u003C/li>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/startup-reality-the-hard-numbers-from-trustmrr\">Startup Reality: The Hard Numbers from TrustMRR\u003C/a>\u003C/li>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/youtube-brings-back-private-messaging-after-six-years-the-war-for-the-forwarded-video-is-officially-on\">YouTube Brings Back Private Messaging After Six Years: The War for the “Forwarded Video” Is Officially On\u003C/a>\u003C/li>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/6-things-an-expert-relocation-services-company-can-do-for-you\">6 Things an Expert Relocation Services Company Can Do for You\u003C/a>\u003C/li>\n\u003C/ul>\n\n\u003Chr />\n\u003Ch4>\u003Cstrong>Bottom Line\u003C/strong>\u003C/h4>\n\n\u003Cp>This cycle is far from over.\u003C/p>\n\n\u003Cp>Margin calls, index exclusions, forced treasury sales, and collapsing stock premiums are all still in play.\u003C/p>\n\n\u003Cp>\u003Cimg alt=\"\" class=\"image-align-right\" height=\"169\" src=\"https://quasa.io/storage/photos/00/image - 2025-11-21T180753.331.jpg\" width=\"300\" />The next few months will bring serious events that will wash even more whales ashore — and separate the survivors from the wreckage.\u003C/p>\n\n\u003Cp>And make no mistake: even today’s prices remain grotesquely inflated.\u003C/p>\n\n\u003Cp>To reach anything resembling fair value, the entire market still needs to fall at least another 50% — and for 90% of the inflated scam coins and useless meme tokens, even that won’t be enough. Most of them will simply die.\u003C/p>\n\n\u003Cp>The meme fever is ending. The era of 10,000+ parasitic money-vacuum projects is coming to a brutal close.\u003C/p>\n\n\u003Cp>True equilibrium will only arrive when no more than 3,000 real, useful crypto projects remain standing — and the rest are gone forever.\u003C/p>\n\n\u003Cp>Author: \u003Ca href=\"https://www.linkedin.com/in/slava-vasipenok/\">Slava Vasipenok\u003C/a>\u003Cbr />\nFounder and CEO of QUASA (quasa.io) - Daily insights on Web3, AI, Crypto, and Freelance. Stay updated on finance, technology trends, and creator tools - with sources and real value.\u003C/p>\n\n\u003Cp>Innovative entrepreneur with over 20 years of experience in IT, fintech, and blockchain. Specializes in decentralized solutions for freelancing, helping to overcome the barriers of traditional finance, especially in developing regions.\u003C/p>\n\n\u003Cp>This is not financial or investment advice. Always do your own research (DYOR).\u003C/p>","crypto-market-crash-exposes-brutal-divide-btc-holders-profit-eth-sol-giants-drown-in-losses","2025-11-21T17:08:43.000000Z","21.11.2025",{"image":81,"thumb":82},"https://quasa.io/storage/images/news/z3pjkgdrGEswQXwTTiUnBwWfbPUsRN0JwhMW3XPy.jpg","https://api.quasa.io/thumbs/news-thumb/images/news/z3pjkgdrGEswQXwTTiUnBwWfbPUsRN0JwhMW3XPy.jpg","small",null,754,0,"en",{"id":62,"title":58,"slug":63,"meta_title":89,"meta_description":90,"meta_keywords":91,"deleted_at":84,"created_at":92,"updated_at":93,"lang":87},"Tech, AI, Crypto, and Business News: Latest Insights | QUASA","Daily news and deep analysis on AI, cryptocurrencies, and key business trends. Find out what's next for the markets. Stay informed with QUASA.","AI news, crypto news, blockchain news, IT news, market analysis, business trends, latest technology news today, artificial intelligence news, major crypto events, future of tech news","2021-08-09T19:09:44.000000Z","2025-11-25T11:25:45.000000Z",[95,108,119,129,140],{"title":96,"description":97,"slug":98,"created_at":99,"publish_at":100,"formatted_created_at":101,"category":102,"links":103,"view_type":83,"video_url":84,"views":106,"likes":86,"lang":87,"comments_count":86,"is_pinned":107},"Market Sizing in Minutes: How Claude AI Just Turned TAM, SAM, and SOM Analysis into a 2-Minute Superpower","For years, calculating Total Addressable Market (TAM), Serviceable Addressable Market (SAM), and Serviceable Obtainable Market (SOM) was one of the most tedious parts of any strategy, pitch deck, or go-to-market plan.","market-sizing-in-minutes-how-claude-ai-just-turned-tam-sam-and-som-analysis-into-a-2-minute-superpower","2026-03-28T18:02:11.000000Z","2026-04-11T03:52:00.000000Z","11.04.2026",{"title":19,"slug":20},{"image":104,"thumb":105},"https://quasa.io/storage/images/news/WqSZ1w4RUZJdakkDj5L1v09G7bkmNxCVAU244BAb.jpg","https://api.quasa.io/thumbs/news-thumb/images/news/WqSZ1w4RUZJdakkDj5L1v09G7bkmNxCVAU244BAb.jpg",45,false,{"title":109,"description":110,"slug":111,"created_at":112,"publish_at":112,"formatted_created_at":113,"category":114,"links":115,"view_type":83,"video_url":84,"views":118,"likes":86,"lang":87,"comments_count":86,"is_pinned":107},"Marble 1.1 — World Labs Just Made Their World Model Significantly Better","World Labs has released a meaningful update to its generative world model: Marble 1.1 and a new, more powerful variant called Marble 1.1 Plus.","marble-1-1-world-labs-just-made-their-world-model-significantly-better","2026-04-10T19:22:07.000000Z","10.04.2026",{"title":43,"slug":44},{"image":116,"thumb":117},"https://quasa.io/storage/images/news/Klmcbo6URuD0uYTxZn4aR9x8zl98NpFfsdMHTGHw.jpg","https://api.quasa.io/thumbs/news-thumb/images/news/Klmcbo6URuD0uYTxZn4aR9x8zl98NpFfsdMHTGHw.jpg",408,{"title":120,"description":121,"slug":122,"created_at":123,"publish_at":123,"formatted_created_at":113,"category":124,"links":125,"view_type":83,"video_url":84,"views":128,"likes":86,"lang":87,"comments_count":86,"is_pinned":107},"Unmasking Runway Characters: The Unexpected Rise of the Real-Time Avatar","The generative AI landscape is moving so fast it's sometimes hard to keep up. But just when we thought we knew what to expect from major players like Runway, they dropped a curveball: Runway Characters.","unmasking-runway-characters-the-unexpected-rise-of-the-real-time-avatar","2026-04-10T19:04:45.000000Z",{"title":58,"slug":63},{"image":126,"thumb":127},"https://quasa.io/storage/images/news/Lxi7mPfuvku81DkTvlELBfErpx8nbus6cXvBCWMk.jpg","https://api.quasa.io/thumbs/news-thumb/images/news/Lxi7mPfuvku81DkTvlELBfErpx8nbus6cXvBCWMk.jpg",374,{"title":130,"description":131,"slug":132,"created_at":133,"publish_at":133,"formatted_created_at":113,"category":134,"links":135,"view_type":83,"video_url":84,"views":138,"likes":139,"lang":87,"comments_count":86,"is_pinned":107},"Claude Mythos Just Broke Cybersecurity: The AI That Finds Vulnerabilities Better Than Most Human Hackers","Anthropic has quietly unleashed something terrifyingly powerful — and then immediately locked it away.","claude-mythos-just-broke-cybersecurity-the-ai-that-finds-vulnerabilities-better-than-most-human-hackers","2026-04-10T15:10:28.000000Z",{"title":43,"slug":44},{"image":136,"thumb":137},"https://quasa.io/storage/images/news/mzgaJsOkQfbcba4vvmQXFniw06VALNMRRGcRLVXF.jpg","https://api.quasa.io/thumbs/news-thumb/images/news/mzgaJsOkQfbcba4vvmQXFniw06VALNMRRGcRLVXF.jpg",613,1,{"title":141,"description":142,"slug":143,"created_at":144,"publish_at":145,"formatted_created_at":113,"category":146,"links":147,"view_type":83,"video_url":84,"views":150,"likes":86,"lang":87,"comments_count":86,"is_pinned":107},"China’s Five-Year Plans Strike Again: How Centralized Vision and Competitive Freedom Are Powering the Next Frontier of Brain-Computer Interfaces","In an era of breakneck technological change, China’s much-maligned five-year planning system is proving surprisingly effective. Far from the rigid, top-down micromanagement of the Soviet era, Beijing’s modern industrial strategies deliberately avoid over-specifying every detail.","china-s-five-year-plans-strike-again-how-centralized-vision-and-competitive-freedom-are-powering-the-next-frontier-of-brain-computer-interfaces","2026-03-28T17:45:42.000000Z","2026-04-10T11:36:00.000000Z",{"title":43,"slug":44},{"image":148,"thumb":149},"https://quasa.io/storage/images/news/9e878UicRgHXBtTQ74llERUUJHi9VJhY6RrS6GzZ.jpg","https://api.quasa.io/thumbs/news-thumb/images/news/9e878UicRgHXBtTQ74llERUUJHi9VJhY6RrS6GzZ.jpg",656,[152,165,179,191,203],{"title":153,"description":154,"slug":155,"created_at":156,"publish_at":157,"formatted_created_at":158,"category":159,"links":160,"view_type":83,"video_url":84,"views":163,"likes":164,"lang":87,"comments_count":86,"is_pinned":107},"The Anatomy of an Entrepreneur","Entrepreneur is a French word that means an enterpriser. Enterprisers are people who undertake a business or enterprise with the chance of earning profits or suffering from loss.","the-anatomy-of-an-entrepreneur","2021-08-04T15:18:21.000000Z","2025-12-14T06:09:00.000000Z","14.12.2025",{"title":65,"slug":66},{"image":161,"thumb":162},"https://quasa.io/storage/images/news/mVsXPTMuHZuI7UXCsENgL1Qwp1uSOf7Rz3uVPMfm.webp","https://api.quasa.io/thumbs/news-thumb/images/news/mVsXPTMuHZuI7UXCsENgL1Qwp1uSOf7Rz3uVPMfm.webp",69390,2,{"title":166,"description":167,"slug":168,"created_at":169,"publish_at":170,"formatted_created_at":171,"category":172,"links":173,"view_type":176,"video_url":84,"views":177,"likes":178,"lang":87,"comments_count":86,"is_pinned":107},"Advertising on QUASA","QUASA MEDIA is read by more than 400 thousand people a month. We offer to place your article, add a link or order the writing of an article for publication.","advertising-on-quasa","2022-07-06T07:33:02.000000Z","2025-12-15T17:33:02.000000Z","15.12.2025",{"title":58,"slug":63},{"image":174,"thumb":175},"https://quasa.io/storage/images/news/45SvmdsTQbiyc3nxgbyHY1mpVbisYyub2BCHjqBL.jpg","https://api.quasa.io/thumbs/news-thumb/images/news/45SvmdsTQbiyc3nxgbyHY1mpVbisYyub2BCHjqBL.jpg","large",69065,4,{"title":180,"description":181,"slug":182,"created_at":183,"publish_at":184,"formatted_created_at":185,"category":186,"links":187,"view_type":83,"video_url":84,"views":190,"likes":178,"lang":87,"comments_count":86,"is_pinned":107},"What is a Startup?","A startup is not a new company, not a tech company, nor a new tech company. You can be a new tech company, if your goal is not to grow high and fast; then, you are not a startup. ","what-is-a-startup","2021-08-04T12:05:17.000000Z","2025-12-17T13:02:00.000000Z","17.12.2025",{"title":65,"slug":66},{"image":188,"thumb":189},"https://quasa.io/storage/images/news/EOsQhSW3VXyG7a6NPdE1oZd00xfJXe3bjY5aJGb7.webp","https://api.quasa.io/thumbs/news-thumb/images/news/EOsQhSW3VXyG7a6NPdE1oZd00xfJXe3bjY5aJGb7.webp",66860,{"title":192,"description":193,"slug":194,"created_at":195,"publish_at":196,"formatted_created_at":197,"category":198,"links":199,"view_type":83,"video_url":84,"views":202,"likes":164,"lang":87,"comments_count":139,"is_pinned":107},"Top 5 Tips to Make More Money as a Content Creator","Content creators are one of the most desired job titles right now. Who wouldn’t want to earn a living online?","top-5-tips-to-make-more-money-as-a-content-creator","2022-01-17T17:31:51.000000Z","2026-01-17T11:30:00.000000Z","17.01.2026",{"title":19,"slug":20},{"image":200,"thumb":201},"https://quasa.io/storage/images/news/gP8kiumBPpJmQv6SMieXiX1tDetx43VwFfO1P4Ca.jpg","https://api.quasa.io/thumbs/news-thumb/images/news/gP8kiumBPpJmQv6SMieXiX1tDetx43VwFfO1P4Ca.jpg",41018,{"title":204,"description":205,"slug":206,"created_at":207,"publish_at":208,"formatted_created_at":209,"category":210,"links":211,"view_type":176,"video_url":84,"views":214,"likes":164,"lang":87,"comments_count":86,"is_pinned":107},"8 Logo Design Tips for Small Businesses","Your logo tells the story of your business and the values you stand for.","8-logo-design-tips-for-small-businesses","2021-12-04T21:59:52.000000Z","2025-05-05T03:30:00.000000Z","05.05.2025",{"title":15,"slug":16},{"image":212,"thumb":213},"https://quasa.io/storage/images/news/Wbx2NtS1CnTupgoQbpFMGspJ5jm4uob2hDOq33r0.jpg","https://api.quasa.io/thumbs/news-thumb/images/news/Wbx2NtS1CnTupgoQbpFMGspJ5jm4uob2hDOq33r0.jpg",40233,[216,217,218,219,220,221,222,223,224,225,226,227,228],{"title":23,"slug":24},{"title":47,"slug":48},{"title":55,"slug":56},{"title":43,"slug":44},{"title":51,"slug":52},{"title":31,"slug":32},{"title":35,"slug":36},{"title":27,"slug":28},{"title":19,"slug":20},{"title":15,"slug":16},{"title":58,"slug":63},{"title":11,"slug":12},{"title":65,"slug":66}]