Metaplanet added another 4,279 Bitcoin at an acquisition cost of about $451 million, bringing its total stack to 35,102 BTC (worth around $3 billion) as the Tokyo-listed firm leaned harder into a hybrid model of the Bitcoin treasury and income business. In a Tuesday filing, the company also reported that revenue from its Bitcoin (BTC) … Read more
Lighter, one of the fastest-growing perpetual decentralized exchanges (DEXs), drew mixed reactions in the decentralized finance (DeFi) community after unveiling the tokenomics of its new Lighter Infrastructure Token (LIT). Under its structure, 50% of LIT’s supply is reserved for the ecosystem, while the remaining 50% is allocated to the team and investors, with a one-year … Read more
Key takeaways: Bitcoin failed to break $90,000 again as investors favored gold and bonds. S&P 500 record highs and lower interest rates have reduced Bitcoin’s appeal as a hedge compared to traditional equities. BTC price recovery stalls at $90,000 Bitcoin (BTC) faced strong rejection near $90,000 on Monday, triggering nearly $100 million in liquidations across … Read more
The $11 billion Bitcoin whale who correctly predicted the $19 billion October market crash is once again betting on the price appreciation of the top cryptocurrencies, signaling a potential market recovery. After cashing out $330 million in Ether (ETH), the whale opened three leveraged long positions worth a cumulative $748 million, betting on the price … Read more
Spot XRP exchange-traded funds (ETFs) in the United States continued to attract capital through December, extending their inflow streak to 29 consecutive days despite choppy market conditions. According to data from SoSoValue, spot XRP (XRP) ETFs recorded $8.44 million in net inflows on Dec. 29, pushing cumulative inflows to roughly $1.15 billion since they launched. … Read more
Metaplanet (3350), a Tokyo-listed investment and operating company focused on bitcoin treasury management, bought another 4,279 bitcoin BTC$87,400.28 in the fourth quarter, spending a total of $451 million, it said in a post on X. The purchase, at an average price of $105,412, took its total to 35,102 BTC, the fourth largest of any publicly … Read more
Demand for alternative stores of value and clearer regulations are driving what could become crypto’s next bull market, according to Grayscale. Speaking on CNBC’s “Crypto World,” Grayscale’s head of research Zach Pandl said Monday that the strongest driver remains macroeconomic pressure. Increasing government debt, persistent fiscal deficits and concerns over fiat currency debasement are pushing … Read more
Perpetuals-focused Ethereum-based Layer 2 decentralized exchange (DEX) Lighter has announced the debut of its native cryptocurrency, the Lighter Infrastructure Token (LIT), to align traders, builders, and backers as it looks to blend traditional markets with DeFi. The LIT token supply is divided evenly: 50% to the ecosystem, 50% to the team and investors. An immediate … Read more
Long-term Bitcoin holders have pumped the brakes on selling their fat stacks for the first time in six months, while Ether whales have ramped up accumulation of the digital asset. Wallets holding Bitcoin (BTC) for at least 155 days trimmed their positions from 14.8 million coins in mid-July to 14.3 million in December. However, crypto … Read more
US Representative Maxine Waters has called for a hearing with Securities and Exchange Commission chairman Paul Atkins, highlighting concerns over the agency’s dismissal of crypto cases, and nine other points of contention. In a letter on Sunday to French Hill, chair of the House Financial Services Committee, Waters argued that a hearing was well overdue … Read more