[ad_1] Longstanding Japanese hotel and services provider Metaplanet announced on X it purchased another ¥250 million ($1.8 million) worth of Bitcoin. This latest buy comes as Metaplanet mimics MicroStrategy’s high-profile corporate bitcoin accumulation strategy.JUST IN: 🇯🇵 Japanese public company Metaplanet purchases additional 23.35 #Bitcoin worth $1.6 million 🚀 pic.twitter.com/TdUcX2TQjG— Bitcoin Magazine (@BitcoinMagazine) June 11, 2024 As of June 11, Metaplanet holds approximately 141 Bitcoin acquired for ¥1.45 billion at an average per-bitcoin price of ¥10,278,391 ($65,000). The firm adopted Bitcoin as its treasury reserve asset in April 2024 with an initial ¥1 billion purchase. It has made several buys since.Metaplanet’s…
Author: dfrancis36
[ad_1] The biggest memecoin on the Base blockchain is working its way through the ranks, flipping Dogecoin (DOGE) rival BONK in terms of market cap early on Monday. BRETT, a memecoin meant to accompany the frog-themed altcoin Pepe, is up 426% in the last 30 days at time of writing, trading at $0.18. Pepe was originally inspired by the character in the Boys Club comic series created by Matt Furie. Also in the series was Pepe’s friend, Brett, a blue creature who likes dancing and fashion, and who the BRETT coin on Base is inspired by. BRETT has a market…
[ad_1] As the financial markets brace for the upcoming Federal Open Market Committee (FOMC) meeting on Wednesday, June 12th, the Bitcoin and crypto community is poised to assess the implications of any Federal Reserve announcements on digital assets such as Bitcoin. With the consensus forecast suggesting that the Federal Reserve will hold the federal funds rate steady at 5.25%-5.50%, the primary interest of investors has turned to the nuances of the Fed’s forward guidance and economic projections. Crypto analyst Tomo (@Market_Look) shared his insights on X, framing the upcoming FOMC meeting as a non-event for those expecting drastic moves. He…
[ad_1] Retail investors in the cryptocurrency space are exhibiting signs of turning into long-term believers, with a recent exodus of Bitcoin (BTC) and Ethereum (ETH) from centralized exchanges. Latest data shows user balances for both leading cryptocurrencies have sunk to four-year lows, with analysts interpreting the move as a bullish signal for the future. As investors waited for higher prices in a bull market, user balances of Bitcoin (BTC) and Ethereum (ETH) on centralized exchanges significantly dropped, according to Glassnode data. The value of Bitcoin fell to fewer than 2.3 million coins, or roughly $158 billion, while the value of…
[ad_1] SocialFi application protocol Friend.tech (FRIEND) says it’s leaving Coinbase’s Base chain to develop its own network. In a new thread, the team behind the social finance platform says that it will be partnering up with Conduit, a firm that provides Ethereum (ETH) rollups, to work on Friendchain, its very own blockchain that will utilize FRIEND as its gas token. “We’re pleased to be working with Conduit on Friendchain, our own blockchain that uses FRIEND as a fully transferable gas token. We’ll keep you up-to-date with all the info you need over the coming months as we build out this…
[ad_1] The cryptocurrency market is buzzing with renewed optimism as investment funds witness a historic inflow surge. CoinShares, a leading digital asset manager, reported a record-breaking $2 billion influx into crypto funds in just one week, surpassing the entire month of May’s net inflows. This positive trend, now spanning five consecutive weeks, has propelled total assets under management (AUM) in crypto funds back above the coveted $100 billion mark, a level last seen in March 2024. Related Reading Bitcoin ETFs Fueling The Fire Bitcoin, the undisputed king of cryptocurrencies, remains the primary focus of investor interest. The recent launch and…
[ad_1] Bitfarms Ltd., a Bitcoin mining company, is adopting a “poison pill” shareholder rights plan in response to an unsolicited takeover offer from larger rival Riot Platforms Inc. A poison pill strategy is designed to deter corporate takeovers by making the acquisition too costly for the acquiring company. Under the terms of Bitfarms’ plan, if an entity acquires an equity stake exceeding 15% by September 10, Bitfarms will issue new stock to existing shareholders, thereby diluting the stake of the entity pursuing the hostile takeover, as stated in a Monday announcement by Bitfarms. Riot Platforms made an unsolicited offer of…
[ad_1] Swan Bitcoin has been named the lead sponsor for Tucker Carlson’s highly anticipated national tour. This partnership marries political discourse with Bitcoin education, setting the stage for a broad engagement on the benefits and implications of BTC. Swan, renowned for its Bitcoin-only focus, views the sponsorship as a strategic move to extend its educational initiatives. “This is a massive opportunity for Bitcoin education,” the company announced, planning to reach hundreds of thousands of people in over 15 cities and potentially millions online through their comprehensive educational offerings. Is Tucker Carlson A Bitcoiner? Cory Klippsten, CEO of Swan, elaborated on…
[ad_1] Real Vision analyst Jamie Coutts is warning that the altcoin market is in a bearish trend after a strong six-month long run. The former Bloomberg analyst tells his 18,400 followers on the social media platform X that most alts are now being outperformed by Bitcoin (BTC). “A quick update on the altcoin malaise. Most crypto funds are overweight alts and not having as much fun as they would like, despite having a cracking six months from Q4 2023 to Q1 2024. Despite ETH’s recent outperformance, there’s been no follow-through (top chart) and the smart contract platform (SCP) sector continues…
[ad_1] In an unexpected turn of events, the Shiba Inu (SHIB) burn rate has witnessed an ‘astronomical’ increase, propelling the metric by over 68,000% within 24 hours. This surge, captured by Shibburn, a platform dedicated to tracking SHIB token burns, has sparked significant attention within the cryptocurrency community. Related Reading Unprecedented Surge In Shiba Inu Burns – Details Shibburn’s latest data highlights a massive spike in SHIB burns, initiated by a collective effort from the Shiba Inu community. Over the past day, seven wallet addresses contributed to a burn of 7.6 million SHIB tokens, dramatically escalating the burn rate to…