Miner Bounce Underway, Yields Bear Watching But Clarity Still the Near-Term Driver for Crypto, Adding FIGR (Portfolio Rebalance)

Miners Respond

Last Thursday, I argued that the selloff across the mining complex was beginning to look exhausted. At the time, the market had reacted negatively to Moonshot's release of its open-weight Kimi K3 model, drawing inevitable comparisons to the DeepSeek selloff in early 2025. My view then was that investors were likely overreacting to another step-change in model efficiency and that the setup looked in...

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