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In brief Metaplanet is using its huge Bitcoin holdings as collateral to buy $100 million more of the cryptocurrency. The Tokyo Stock Exchange-listed firm is the world’s fourth largest Bitcoin treasury. Metaplanet’s announcement comes as some digital asset treasuries are facing challenges. Japanese Bitcoin treasury Metaplanet is buying more Bitcoin after securing a $100 million loan using its crypto as collateral, the Tokyo Stock Exchange-listed company announced.In a Tuesday notice to its shareholders, the company said that it was tailoring its borrowing and BTC accumulation strategy to account for Bitcoin’s price volatility. It reassured investors that “the company has adopted a…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On Wednesday, blockchain payment giant Ripple announced a major $500 million investment, which elevated its valuation to $40 billion. The funding came from a consortium of major institutions, including Fortress Investment Group, Citadel Securities affiliates, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace. Ripple’s Strategic Expansion Brad Garlinghouse, CEO of Ripple, emphasized that this investment underscores the company’s momentum and reinforces the market opportunities they are “aggressively” pursuing. He noted: We started in 2012 with one use case—payments—and have since expanded into custody, stablecoins, prime brokerage,…
Bitcoin’s four-year cycle used to offer a simple script: halving rewards meant scarcity, and scarcity meant higher prices.This pattern held for over a decade. Every four years, the network’s reward to miners was halved, thereby tightening the supply, followed by a speculative frenzy that resulted in a new all-time high.However, as Bitcoin hovers just above $100,000 this week, down about 20% from its October peak of over $126,000, that old narrative is wearing thin.Wintermute, one of the largest market makers in digital assets, has now said the quiet part aloud. “The halving-driven four-year cycle is no longer relevant,” it argued…
ZCash Chat with: 0xMert_ ! Crypto Recovering? BTC back above $102K!Crypto majors slipped another 2–5% before showing signs of recovery after Bitcoin briefly dipped below $100,000. At the time of writing, BTC is down 2% at $102,100, ETH has fallen 5% to $3,320, BNB is down 1% at $945, and SOL is off 2% at $157. Among top movers, ZK (+24%), DASH (+12%), ASTER (+12%), and HYPE (+9%) led the gains. Liquidations totaled over $1.7 billion on Tuesday as Bitcoin slid below $100,000 and Ethereum neared $3,000. The Fear and Greed Index edged up two points to 23 but remains…
In brief Dinari is building a new blockchain based equities index and bringing it on-chain in collaboration with Chainlink. The firm worked with S&P 500 and Dow Jones creator S&P Dow Jones Indices to build the index. The S&P Digital Markets 50 Index is comprised of 35 blockchain-related equities and 15 major digital assets. Tokenized equity provider Dinari is collaborating with Chainlink to bring a new blockchain focused equities index on-chain, the firm announced on Wednesday. The S&P Digital Markets 50 Index built by Dinari with the help of index provider S&P Dow Jones Indices—the maintainer of the S&P 500 and…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto pundit Butcher has suggested that Binance and market maker Wintermute may be responsible for the Bitcoin and Ethereum price crashes. The pundit also alluded to the October 10 crypto market crash and how both firms contributed to the crash. Pundit Blames Binance and Wintermute For Bitcoin and Ethereum Price Crashes In an X post, Butcher alleged that Binance and Wintermute are responsible for the recent Bitcoin and Ethereum price crashes. He explained that in the past 30 days, these firms have traded $34.5 billion between themselves.…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Franklin Templeton has filed an updated registration statement for its proposed spot XRP exchange-traded fund, becoming the third issuer in recent days to tweak the pivotal “8(a)” effectiveness language that governs when an S-1 can go live. Bloomberg’s James Seyffart flagged the change and its timing, writing: “NEW: Franklin Templeton files updated XRP ETF s-1 with shortened 8(a) language. Looking to launch this month.” The move follows a quickening cadence of XRP ETF edits. On October 31, Bitwise filed another amendment to its S-1—its fourth since the…
Moon Inc. said its shares are now available to U.S. investors on the OTCQX Best Market as of Nov. 5, following an upgrade from the OTC Pink tier and a bell ringing at OTC Markets Group in New York.The move opens a direct channel for U.S. retail and institutional investors to access the Hong Kong-listed issuer, which trades on the HKEX under code 1723 and has been pivoting from its roots in prepaid connectivity toward Bitcoin-focused consumer products.The company framed the OTCQX graduation as part of a broader capital strategy that aligns with a Bitcoin standard and tighter U.S. market…
In brief Standard Chartered analyst Geoff Kendrick recommends buying Bitcoin in three 25%-25%-50% stages as it recovers from dipping below $100,000. The Bitcoin-gold ratio has fallen to 25 from its January peak of 38.6, with gold up 66.5% this year versus Bitcoin’s 10.5% gain. Analysts attribute recent crypto weakness to the record-long U.S. government shutdown draining institutional liquidity, but expect a strong rally when it ends. As Bitcoin recovers from its slip below $100,000, an analyst recommended BTC traders “buy the dip, in stages.”To do that, Standard Chartered Head of Digital Assets Research Geoff Kendrick said traders should figure out…