Svmuu News: MEV Capital’s assets under management have fallen by 80% over the past four months, standing at approximately $300 million as of February 25, down from a peak of $1.5 billion in October 2025 (Source: DefiLlama). This decline follows the October 10, 2024, de-pegging of the stablecoin deUSD, an event that triggered automatic liquidations across multiple protocols, resulting in direct losses of over $10 million for the firm (Source: The Big Whale). MEV Capital, with offices in Vilnius and Dubai and a predominantly French team, had previously held significant exposure to yield strategies involving deUSD. The company’s revenue also declined sharply. In the first quarter of 2026, its protocol gross revenue was $804,720, a year-over-year decrease of 86.8%; a 92.4% decrease from the $6,100,000 recorded in the fourth quarter of 2025. Quarterly net revenue fell from $608,910 in the fourth quarter of 2025 to $99,020 in the most recent quarter. On the personnel front, CEO Laurent Bourquin (a former Société Générale executive) has stepped back from the public eye, and approximately 10 of the original 15 employees have left the firm. A source familiar with the matter stated that Bourquin is “taking a break.” Luxembourg-based Belem Capital announced on Wednesday that it has internalized MEV Capital’s institutional asset management team; the original management mandate has ended, and all investment operations have been transferred to Belem’s internal platform. Belem Capital is a digital asset investment platform providing regulated DeFi exposure to institutional investors; this integration includes 10 asset management, risk, and technology specialists. Meanwhile, the tokenization protocol Midas announced on X that it has appointed RockawayX as the strategy manager for its mMEV and mevBTC products, effective immediately. RockawayX manages approximately $2 billion in assets and will be responsible for ongoing risk monitoring and strategy oversight. Midas added that all pending redemptions have been completed based on the latest verified prices. (The Block)