Nearly all crypto assets are seeing red on Monday, with the total market capitalization for all crypto assets falling below $4 trillion since Sunday evening. Crypto assets sold off last week following the Federal Reserve’s well-telegraphed signal that it would lower its short-term policy rate by a quarter of a percentage point. Companies holding bitcoin and other digital assets — so-called crypto treasury companies — have faced pressure in recent weeks after seeing wild stock surges earlier this year. The dynamic prompted the first merger within the bitcoin treasury space. On Monday, the stock of health tech firm turned bitcoin treasury company Semler Scientific (SMLR) rose 27% following the announcement that it had reached an agreement to be acquired by a larger bitcoin treasury company, the Vivek Ramaswamy-backed Strive Inc. (ASST) through an all-stock merger.