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Jinse Finance reported that an analyst stated that the stock market index MSCI is highly likely to decide to remove "Digital Asset Reserve Companies" (DATs) in January next year, which could put "tremendous pressure" on the related companies. Charlie Sherry, Head of Finance at Australian cryptocurrency exchange BTC Markets, said he believes the likelihood of MSCI excluding digital asset reserve companies is "very high," because the index "only puts such changes out for consultation when it is inclined to make them." In October, MSCI announced that it was seeking feedback from the investment community on whether companies with more than 50% of their balance sheet in crypto assets should be excluded from the index. MSCI noted that some feedback suggested such companies "exhibit characteristics similar to investment funds, which are currently not eligible for index inclusion." The consultation period will last until December 31, and the final decision will be announced on January 15 next year, with any resulting changes taking effect in February. The preliminary list of affected companies under consideration by MSCI includes 38 companies such as Michael Saylor's Strategy Inc., Sharplink Gaming, and crypto mining firms Riot Platforms and Marathon Digital Holdings. Sherry pointed out that if MSCI decides to remove these companies, funds tracking the index will be required to sell off, which in itself would put tremendous pressure on the affected companies. JPMorgan analysts previously warned that if MSCI proceeds with the exclusion, Strategy Inc. could face $2.8 billion in capital outflows. Of Strategy Inc.'s estimated $56 billion market value, about $9 billion is linked to passive funds tracking the index. Sherry believes MSCI's actions mark a shift in tone. Over the past year, corporate strategies heavily invested in crypto assets were seen as capital market innovations, but now major index providers are tightening definitions, indicating the market is moving from an "everything is adopted" phase back to a more conservative filtering mechanism.

ChainCatcher News, according to Golden Ten Data, the European Stoxx 600 Index has extended its decline and is currently down 1.1%. The European technology stock index has fallen by 3.1%, reaching its lowest level since mid-September.