The Daily: Peter Thiel and Founders Fund exit ETHZilla, K33 says bitcoin is approaching ‘late bear market territory,’ and more
Peter Thiel's Founders Fund exited ETHZilla, K33 suggests Bitcoin is in late bear market territory, and other crypto market updates are covered.Summary
The daily crypto digest reports that Peter Thiel and affiliated Founders Fund entities have fully divested their 7.5% stake in Ethereum treasury firm ETHZilla, which has since pivoted towards tokenizing real-world assets. Concurrently, K33 analysis suggests Bitcoin is entering "late bear market territory," evidenced by falling leverage and defensive trader positioning, predicting prolonged consolidation between $60,000 and $75,000. Other key news includes Brevan Howard's BH Digital Asset fund posting a 29.5% loss in 2025, DeFi protocol Moonwell suffering $1.8 million in bad debt due to an oracle misconfiguration, and the CFTC asserting exclusive federal authority over prediction markets in a brief against state regulators. Additionally, two spot SUI ETFs launched, offering staking rewards.
(Source：The Block)