Digital asset treasuries (DATs), publicly traded firms that hold crypto on their balance sheets, have been hit hard in recent weeks as their market NAVs (mNAVs) slid below 1, Standard Chartered's Geoff Kendrick said in a new report. Looking ahead, ether (ETH) DATs appear to have the most staying power thanks to staking yield, regulatory clarity, and room to grow, argued Kendrick. The mNAV ratio is crucial. When it falls, these firms lose the incentive (and sometimes the ability) to keep buying crypto, th ...