Bitmine reported a $3.8 billion loss as Ethereum prices declined, marking a sharp deterioration in the company's financial position tied directly to its crypto holdings. The result underscores how heavily balance-sheet-exposed crypto treasury companies remain to spot price movements in underlying digital assets. When a firm's assets are concentrated in a single volatile token, mark-to-market accounting converts price drawdowns into headline losses without necessarily reflecting cash burn, but the scale here is material regardless of accounting treatment. Investors and analysts will watch whether Bitmine responds with asset sales, dilutive capital raises, or balance sheet restructuring, and whether Ethereum's continued price trajectory forces further write-downs in subsequent reporting periods.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
