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NewsBriefs - Metaplanet acquires 1,004 $BTC, boosting holdings to 7,800 Bitcoin

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  • Metaplanet

    Metaplanet acquires 1,004 $BTC, boosting holdings to 7,800 Bitcoin

    Metaplanet, listed in Tokyo, has acquired an additional 1,004 Bitcoin for about $97.5 million, increasing its total holdings to 7,800 BTC. The company's total investment in Bitcoin now stands at approximately $726 million, aligning with its strategy to retain Bitcoin as a primary asset on its balance sheet similarly to companies like Strategy.

    Metaplanet

    • Latest

    • Ethereum Research

      Vitalik Buterin suggests updates to Ethereum's scaling strategy to support personal node operation

      Vitalik Buterin has proposed adjustments to Ethereum's scaling roadmap that emphasize local node usability without compromising traditional Layer 1 (L1) scaling efforts. Recognizing the benefits of users running their full nodes for trustless, censorship-resistant, and private interactions with the blockchain, the proposal includes technological advancements such as more efficient gas pricing, EIP-4444 for reducing storage needs, and the introduction of partially stateless nodes. These nodes would enable users to keep relevant subsets of the blockchain state, enhancing local RPC capabilities while maintaining manageable node sizes as L1 gas limits increase.

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      Ethereum Research

    • Ripple

      Ripple announces Zand Bank and Mamo as first UAE clients for blockchain payments following Dubai license

      Ripple, a leader in digital asset infrastructure, now licensed by the Dubai Financial Services Authority (DFSA), has partnered with Zand Bank and Mamo to use its blockchain-enabled cross-border payment solutions in the UAE. This initiative, which reduces transaction times and fees while increasing transparency, leverages Ripple's new DFSA license for operating end-to-end payment solutions. The partnerships underscore the growing adoption of blockchain for financial transactions in the Middle East, aligning with the region's push towards becoming a global hub for crypto innovation.

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      Ripple

    • Metaplanet

      Metaplanet acquires 1,004 $BTC, boosting holdings to 7,800 Bitcoin

      Metaplanet, listed in Tokyo, has acquired an additional 1,004 Bitcoin for about $97.5 million, increasing its total holdings to 7,800 BTC. The company's total investment in Bitcoin now stands at approximately $726 million, aligning with its strategy to retain Bitcoin as a primary asset on its balance sheet similarly to companies like Strategy.

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      Metaplanet

    • The Block

      Blum co-founder Vladimir Smerkis arrested in Moscow on large-scale fraud charges

      Vladimir Smerkis, co-founder of the crypto gaming app Blum and former general manager for Binance in Russia, has been arrested in Moscow on charges of large-scale fraud. The specific details of the charges are not yet public but are connected to his previous crypto projects, including The Token Fund and Tokenbox. Following the arrest, Blum has distanced itself from Smerkis, stating he has stepped down and is no longer involved with the project. This development raises concerns among users about the future of the project's planned crypto airdrop.

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      The Block

    • The Block

      Crypto trader Cobie joins Paradigm as advisor

      Jordan Fish, known as Cobie, a prominent crypto trader and founder of Echo, has been appointed as an advisor at Paradigm. Matt Huang, cofounder of Paradigm, expressed enthusiasm about bringing Cobie on board, highlighting their previous informal interactions. Cobie's platform, Echo, provides retail investors and crypto community members with early-stage funding opportunities similar to those available to venture capitalists. Paradigm has recently led a $50 million funding round for Nous Research, reinforcing its position in leading innovative crypto projects.

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      The Block

    • Bloomberg

      Galaxy Digital discusses tokenizing shares with SEC

      Galaxy Digital is in discussions with the US Securities and Exchange Commission to potentially tokenize its own stock and other equities using blockchain technology. The firm, which manages about $7 billion in assets, aims to leverage tokenization to facilitate trading and lending in decentralized finance applications. Galaxy is preparing to list on Nasdaq, transitioning from its previous listing in Canada, and is exploring tokenizing a broad range of assets including stocks, fixed income, and ETFs for US markets.

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      Bloomberg

    • The Block

      SEC investigates Coinbase for potential inflation of user metrics during 2021 IPO

      The US Securities and Exchange Commission is probing whether Coinbase misled investors by reporting inflated user numbers when it went public in 2021. Originally, Coinbase disclosed having over 100 million verified users in its registration statement; however, this metric was later omitted from public reports. The inquiry was initiated under the administration of President Joe Biden and persists despite a shift to a more industry-friendly administration under President Donald Trump. Coinbase has since updated its reporting practices to focus on monthly transacting users instead of verified users.

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      The Block

    • The Block

      Sonic Labs secures Singapore High Court order to liquidate Multichain Foundation

      The High Court of Singapore approved Sonic Labs' request to liquidate Multichain Foundation following a $210 million exploit in July 2023. Sonic Labs, aiming to recover funds lost in the exploit, will have KPMG Singapore as joint liquidators. The liquidation was necessitated by Multichain's failure to address its accountability, coupled with the arrest of its CEO Zhaojun He before the exploit.

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      The Block

    • The Block

      Bitwise CIO advocates for diversified crypto investment, drawing parallels to early internet era

      Matt Hougan, CIO at Bitwise, emphasizes the importance of diversified crypto investment, comparing the current situation to investing in the internet in 2004. Although Bitcoin remains the most prominent and liquid crypto asset, akin to 'digital gold,' the recent rise of other assets like Ethereum and the implementation of upgrades such as Ethereum's Pectra illustrate the benefits of a broader investment approach. Hougan argues that just as early internet investors profited from expanding beyond Google to include leaders in other technology sectors, modern crypto investors might achieve better outcomes by diversifying their portfolios across different blockchain technologies and applications.

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      The Block

    • CoinDesk

      White House's Bo Hines confirms President Trump likely to sign crypto legislation by August

      Bo Hines, White House official and executive director of the President's Council of Advisers on Digital Assets, stated that despite setbacks, President Donald Trump is expected to sign legislation regarding stablecoins and market structure before the congressional August recess. Speaking at Consensus 2025, Hines expressed optimism about the ongoing negotiations and stressed the importance of establishing the US as a leader in digital asset financial technology. Additionally, Hines addressed potential conflicts of interest regarding Trump's family's involvement in crypto, declaring no conflicts exist as they are private business people.

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      CoinDesk

    • The Block

      DeFi Development boosts Solana position, surpasses $100 million in holdings

      DeFi Development, previously known as Janover, acquired 172,670 SOL valued at approximately $23.6 million, elevating its total holdings of Solana to over $100 million. This purchase was part of a strategic move towards constructing a Solana-centric treasury, following their acquisition of a Solana validator business. The purchase was funded by a recent $24 million private placement aimed at bolstering its crypto assets. The company's Solana holdings now total 595,988 SOL, worth about $102.7 million.

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      The Block

    • The Block

      Thailand to offer $150 million in G-Token for public investment within two months

      Thailand's Finance Ministry, under Finance Minister Pichai Chunhavajira, plans to issue $150 million worth of digital investment tokens, named G-Token, within the next two months. This initiative, approved by the cabinet, aims to enable higher returns than bank deposits for investors and will help raise funds for the budget without constituting debt. It aligns with growing global interest in government-backed cryptocurrencies and digital investment strategies.

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      The Block

    • CoinDesk

      Cantor Equity Partners announces $458M Bitcoin purchase in merger with Twenty One Capital

      Cantor Equity Partners disclosed a $458.7 million Bitcoin acquisition related to its upcoming merger with Twenty One Capital, a crypto-focused investment firm backed by Tether, Bitfinex, and SoftBank. This complex deal involves Tether Investments, Tether's El Salvador affiliate, and iFinex, Bitfinex's parent company, purchasing and holding 4,812 BTC in escrow, which will then be transferred to the merged entity. Additionally, blockchain data confirmed that the escrow wallet received these Bitcoins from a Bitfinex hot wallet. The new company, launching under a SPAC structure led by Strike CEO Jack Mallers, plans to control over 42,000 BTC.

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      CoinDesk

    • CoinDesk

      Bitcoin nears $105K on cooler CPI and historic S&P 500 debut for Coinbase

      Bitcoin surged to approximately $104.5K, driven by positive inflation data, favorable remarks from President Trump, and Coinbase's recent inclusion in the S&P 500. The crypto asset experienced a pullback despite nearing the $105,000 mark, while most altcoins saw significant gains. Analysts suggest the rally may continue due to a rebound in global risk appetite and increasing mainstream crypto adoption. Keynotes include cooling consumer inflation and upcoming comments by Fed Chair Jerome Powell, which could influence future financial policies.

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      CoinDesk

    • Globe Newswire

      GD Culture Group commits $300 million to build crypto reserve including Bitcoin and Trump Coin

      GD Culture Group, through its subsidiary AI Catalysis, has secured a funding commitment of up to $300 million through a Common Stock Purchase Agreement with an investor to support its crypto asset treasury strategy. This strategy involves purchasing and holding Bitcoin and Trump Coin to strengthen its balance sheet and align with the decentralized finance ecosystem. The initiative reflects the company's confidence in crypto's role in facilitating a decentralization transformation and enhancing long-term shareholder value.

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      Globe Newswire