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[Crypto Treasury Model Faces Setbacks, Market Enthusiasm Turns to Doubt] According to Bloomberg, the crypto treasury model is facing challenges, with some companies experiencing stock price declines and market confidence wavering. Eightco Holdings Inc.'s stock price once surged 3000% after announcing the purchase of Worldcoin, but the overall trend indicates that the treasury model is gradually losing momentum. Industry insiders have begun discussing the possibility of consolidation, with weaker companies potentially facing acquisition risks. The market's future may show a slow decline rather than a sharp collapse.