US Stock MFH Plunges Over 70%, Market Cap Drops to $89 Million

BlockBeats News, July 22nd: Digital financial technology group Mercurity Fintech Holding Inc. (NASDAQ: MFH) plunged over 70%, with a market value dropping to $89 million.

Prior to this, Mercurity Fintech Holding Inc. announced a $200 million equity credit agreement with Solana Ventures Ltd. to launch a digital asset treasury strategy based on the Solana blockchain.