MEV Capital's asset management scale shrinks by 80% in four months, team absorbed by Belem According to The Block, the managed asset size of MEV Capital, an on chain asset management company, has decreased by 80% from its peak of $1.5 billion in October 2025 to approximately $300 million as of February 25th. The asset shrinkage within the past four months was caused by the stablecoin de anchoring event on October 10th last year, which triggered automatic liquidation of multiple agreements, resulting in a direct loss of over 10 million US dollars for the company. MEV Capital is heavily involved in the profit strategy of the deUSD stablecoin issued by Elixir. Asset contraction has led to a significant decrease in income. The company's total agreement revenue for the first quarter of 2026 decreased to $804720, a decrease of 86.8% from $6.1 million in the fourth quarter of 2025 and a decrease of 92.4% from the peak of $10.62 million in the first quarter of 2025. The quarterly earnings decreased from $608910 in the fourth quarter of 2025 to $99020 in the most recent quarter. CEO Laurent Bourquin has faded out of the public eye, with about 10 out of the original 15 employees resigning. Luxembourg based digital asset investment platform Belem Capital announced that it has terminated its management authorization with MEV Capital and internalized its institutional asset management team, integrating 10 asset management and risk technology experts. Midas, the tokenization protocol, has terminated its partnership with MEV Capital and appointed RockawayX as the strategy manager for its mMEV and mevBTC products. RockawayX will be responsible for continuous risk monitoring and strategic supervision, and all pending redemptions have been completed at the latest verified prices.