MEV Capital has experienced a dramatic 80% reduction in assets under management, falling from $1.5 billion in October 2025 to approximately $300 million by February 25, 2026. This decline follows a stablecoin de-pegging event on October 10, which led to automatic liquidations and a direct loss exceeding $10 million. The company's involvement with Elixir's deUSD stablecoin and yield strategies contributed to the financial downturn. The asset contraction severely impacted MEV Capital's revenue, which plummeted by 86.8% to $804,720 in Q1 2026 from $6.1 million in Q4 2025. The company's workforce has also diminished, with only 5 of the original 15 employees remaining. In response, Luxembourg-based Belem Capital has absorbed MEV Capital's institutional asset management team, integrating 10 experts into its operations. Additionally, Midas has ended its partnership with MEV Capital, appointing RockawayX to manage its mMEV and mevBTC products.