Metaplanet buys 2,823 BTC, surpasses 43,000 in Bitcoin holdings

Japanese investment company Metaplanet acquired 2,823 Bitcoin during the second quarter at a price below its average purchase price, as its holdings surpassed 43,000 BTC.  The company acquired its latest trove at an average price of about 12.71 million yen ($78,850 at current exchange rates), reducing its average acquisition cost to about $95,117 per BTC from $96,258, according to a Thursday announcement.  Metaplanet now holds 43,000 Bitcoin acquired for about $4.1 billion. It also reported about $10.95 million in revenue from its Bitcoin income generation strategy in the quarter, which earns premiums by selling cash-secured options and employing other Bitcoin-related yield strategies.  The purchase extends Metaplanets aggressive accumulation strategy, which has made the company one of the worlds largest corporate Bitcoin holders. The acquisition comes days after Michael Saylors Strategy, the worlds largest corporate Bitcoin holder, skipped its usual weekly Bitcoin purchase while unveiling a new capital framework designed to support dividends and expand its cash reserves.Metaplanet Notice of Additional Bitcoin Purchase. Source: Metaplanet  Metaplanet shares closed 3.5% higher on Thursday but remain down 48% year-to-date, underperforming Bitcoin, which has fallen 31% over the same period.  K Wave latest company to exit Bitcoin treasury strategy  While companies such as Metaplanet continue buying more Bitcoin, a handful

07-02انڈسٹری

Alleged Scattered Spider Hacker Extradited to US for $8 Million Crypto Ransom Demand

In briefA 19-year-old alleged Scattered Spider member, Peter Stokes, has been extradited from Finland to the U.S. to face charges of conspiracy, cyber intrusion, and fraud.Prosecutors say he helped breach a luxury jewelry retailer in May 2025 and demand about $8 million in cryptocurrency, though the company refused to pay.The group has been tied to over 100 intrusions and $100 million in crypto ransoms.  An alleged member of Scattered Spider, the prolific hacking crew behind some of the biggest corporate breaches of the past few years, has been extradited from Finland to face U.S. charges over an $8 million cryptocurrency ransom demand.  Peter Stokes, 19, a dual U.S. and Estonian citizen, appeared in Chicago federal court on Tuesday on conspiracy, cyber intrusion, and fraud charges, according to a statement by the Justice Department. Finnish police arrested him in April on an Interpol Red Notice, and he was extradited last week and ordered held pending trial.  Alleged Member of Criminal Cyber Hacking Group “Scattered Spider” Arrested in Finland and Extradited to United States @FBIChicago @DOJCrimDiv https://t.co/DWs2d9fns0  — U.S. Attorneys Office (NDIL) (@NDILnews) July 1, 2026  The complaint centers on a May 2025 breach of an unnamed luxury jewelry retailer. According to the indictment, Stokes and alleged

07-02انڈسٹری

Metaplanet adds 2,823 bitcoin to holdings in Q2, bringing total to 43,000 BTC

Quick TakeMetaplanet disclosed that it bought 2,823 BTC during the second quarter.The latest quarterly amount of bitcoin acquisition was notably smaller than those in previous quarters.  Metaplanet announced on Thursday that it acquired 2,823 bitcoin during the second quarter, bringing its total holdings to 43,000 BTC.  According to its July 2 disclosure, Metaplanet spent roughly 35.9 billion Japanese yen ($222 million) on purchasing bitcoin over the past three months, which translates into 12.7 million yen ($78,608) per bitcoin.  The total purchase cost of its bitcoin treasury stood at 659.2 billion yen ($4.07 billion), representing an average cost of 15.3 million yen ($94,792) per bitcoin.  During the second quarter, Metaplanet also generated $10.95 million worth of revenue from its Bitcoin Income Generation program, which involves the use of bitcoin options for additional returns.  The Japanese firms latest disclosure shows that its pace of acquisition has slowed — it bought 17,473 BTC in Q3 2025, 4,279 BTC in Q4 and 5,075 BTC in Q1 2026. It aims to accumulate 100,000 BTC by the end of this year, and 210,000 BTC by the end of 2027.  Bitcoin and the wider cryptocurrency market faced significant downside pressure during the second quarter. The worlds largest cryptocurrency fell to $58,558 at the

07-02انڈسٹری

Bitcoin bear market ‘dead’ after first TD9 reversal signal since July 2022 fires

Bitcoin (BTC) has delivered a key trend change setup in the latest sign that the macro downtrend could soon reverse.  Key points:Bitcoin is seeing its first “perfected” TD9 indicator downtrend setup on monthly time frames since mid-2022.While not a “buy signal” on its own, the move marks a key inflection phase in the bear market, analysis suggests.RSI divergences continue to gain sway among those eyeing the final stages of the 2026 market downturn.  BTC price “perfected” TD9 setup echoes final bear-market stages  In an X post on Tuesday, analyst Tony Severino flagged a “perfected” buy signal on the TD9 indicator.  TD9 is a derivative of the Tom DeMark Sequential market timing indicator, which alerts traders to potential trend changes. Here, price triggers a notable signal when nine candles in a row close higher (in an uptrend) or lower (in a downtrend) than the closing price four candles prior.  “Bitcoin has ‘perfected’ a TD9 buy setup on the monthly,” Severino commented alongside data from TradingView.  BTC/USD one-month chart with TD9 indicator data. Source: Cointelegraph/TradingView  The setup is Bitcoins first in several years on monthly time frames, with the last TD9 downtrend signal coming in July 2022.  At the time, BTC/USD spent another five months ironing out its bear-market bottom,

07-02انڈسٹری

Ethereum backers launch nonprofit to lead institutional adoption efforts

An Ethereum founder and some of its biggest treasury holders are behind a new independent nonprofit launched to coordinate the blockchains institutional outreach, underscoring the ecosystems push to attract more banks, asset managers and financial institutions as competition from rival blockchains intensifies.  The nonprofit, Ethereum Institutional, was introduced on Wednesday with backing from Ether (ETH) treasury companies BitMine Immersion Technologies and SharpLink, as well as blockchain co-founder Joe Lubin and other contributors. It plans to expand beyond New York, London, Hong Kong and Singapore into additional financial hubs while offering education, standards development, industry research and institutional events.  In a social media post announcing the launch, Ethereum Institutional said the ecosystem has lacked “a credible, independent front door” for engaging financial institutions, arguing that such a role is needed to accelerate institutional adoption.Source: Ethereum Institutional on X.com  The launch comes as Ethereum continues to dominate the markets for stablecoins and tokenized real-world assets (RWAs), even as rival blockchains step up efforts to attract institutional users. According to Token Terminal, Ethereum hosts nearly 58% of the tokenized RWA market. Data from DeFiLlama also shows the network accounts for roughly half of the $311 billion stablecoin market.  Although competition is intensifying, Ethereum remains the dominant blockchain

07-02انڈسٹری

Robinhood links with dYdX Labs to launch new DEX Arcus

The company behind the dYdX decentralized exchange (DEX) has partnered with Robinhood to rebrand and launch the protocol as Arcus on the Robinhood Chain.  An X account for Arcus posted on Wednesday that “dYdX is now Arcus” and would launch on the Robinhood Chain, Robinhoods Arbitrum-based layer 2 blockchain that went live the same day.  The dYdX Foundation said that dYdX Labs created Arcus “in partnership with Robinhood” and that the dYdX blockchain “is not affected by it in any way.” The platform is set to be blockchains “leading DEX” and will give users access to perpetual products and fee-free trading of 95 tokenized stocks.  Source: Charles dHaussy  The DEX is part of Robinhoods expanded push into tokenized assets and perpetual trading, two areas of crypto that have recently exploded in popularity as US regulators have shown interest in allowing the products to more easily come to market.  Robinhoods embrace of perpetual trading comes as it looks to entice traders who have flocked to the crypto perpetual futures platform Hyperliquid, whose token has climbed nearly 150% so far this year as it has captured market share.  Arcus to offer tokenized stock, perps trading  “Until now, traders have been shut out of the most valuable markets on earth

07-02

XRP Whale Withdrawals Double on Coinbase While Binance Remains Whale-Led

Large $XRP holders played a much bigger role in exchange withdrawals during the second half of June, with Coinbase recording a sharp increase in million-token transfers while Binance continued to be dominated by large transactions.  The changing outflow structure does not indicate whether the withdrawn $XRP is moving into cold storage, custody solutions, or other destinations. However, the data shows that whales accounted for a growing share of exchange withdrawals as $XRP traded near the $1.05 level.  Coinbase Sees Sharp Shift Toward Whale Withdrawals  CryptoQuant analyst Amr Taha highlighted a notable change in Coinbases $XRP outflow composition between mid-June and July 1.  Transfers exceeding one million $XRP represented about 10% of Coinbases total outflow value around June 16. By July 1, that figure had climbed to 25.7%, more than doubling in just over two weeks.  Source:CryptoQuant  Meanwhile, transactions between 10,000 and 100,000 $XRP accounted for 10.2% of total outflow value, while transfers ranging from 100,000 to one million $XRP remained the largest category at 56.1%. Withdrawals below 10,000 $XRP represented only 7.8% of the total value.  The data suggests that while medium-sized transfers still dominated Coinbase by overall share, the fastest growth came from whale-sized withdrawals. That shift indicates large holders became increasingly active during the second

07-02

World Launches Onchain Prediction Markets Directly on Solana

World has launched its fully onchain prediction market on the Solana blockchain on Wednesday, bringing blockchain-based event betting directly to users of the Phantom wallet. The rollout allows millions of Solana users to access prediction markets without downloading a separate application, as competition in the sector expands across cryptocurrency, sports and global events.  The platform uses Chainlink‘s oracle network to settle markets and process payouts onchain. It debuted with markets tied to Bitcoin’s price and the 2026 FIFA Mens World Cup, allowing users to participate while keeping control of their assets through their Solana wallets.  Onchain Trading Takes Center Stage  World said its platform is designed to simplify access to prediction markets by removing the need for custodial platforms and offchain settlement systems. Instead, trades, positions and market settlements take place directly on the Solana blockchain, allowing users to keep control of their funds until they choose to enter a market.  The platform uses the $CASH stablecoin for settlements, which World said enables faster and lower-cost payouts for winning positions. The company added that Phantom users can access prediction markets directly through the wallet without installing a separate application.  Pedro Miranda, Head of Consumer at the Solana Foundation, said, “Prediction markets are one of the

07-02

Bank of Korea governor outlines tokenized bond vision, unified ledger plan

Hyun Song Shin, the governor of the Bank of Korea, praised tokenization for its ability to simplify the issuance and management of government bonds.  Shin said during a Wednesday panel discussion at the European Central Bank (ECB) Forum on Central Banking in Sintra, Portugal, that tokenized bonds would make it easier to verify collateral, credit the asset providers account and reverse transactions at the appropriate time.  “The big prize is tokenizing government bonds,” Shin said, adding that it is “much easier, much less prone to mistakes if you have everything tokenized.”  US Treasury debt is the largest tokenized real-world asset category, representing $14.6 billion, or about 46% of the $31.7 billion RWA market, according to data provider RWA.xyz.  Shin also outlined plans to bring tokenized government bonds, wholesale central bank digital currencies and tokenized commercial bank deposits on a unified ledger, as part of an extension to “Project Hangang,” a Bank of Korea-led pilot project testing a blockchain-based wholesale CBDC system.  Hyun Song Shin, governor of the Bank of Korea, speaks during a panel discussion at the ECB Forum on Central Banking. Source: YouTube  Tokenized government bonds may boost financial innovation: BIS  Government bond tokenization could improve market efficiency and support financial innovation, provided regulatory and infrastructure

07-02انڈسٹری

Analyst warns BTC could drop further after worst June since 2022

Bitcoin could face further downside pressure after ending June below its 200-week moving average but above its realized price, a combination that crypto analyst PlanB says suggests the market has yet to reach a bear market bottom.  Bitcoin fell 20.5% in June to close the month at $58,526 — its worst monthly performance since June 2022 — below its 200-week moving average of $62,000 but above its realized price of $52,000.  “ALL previous bear market bottoms were below realized price,” said PlanB, the creator of the stock-to-flow pricing model, on Wednesday, adding in a separate post that Bitcoin could drop to $52,000.  The price move would mean Bitcoin falling about 60% from its all-time high of $126,000 in October. The dip could be even deeper, as previous bear markets have seen Bitcoin fall even further, such as 83% in 2018 and 76% in 2022.  BTC is undervalued but can still go lower  “Right now, price is much lower than value and indeed might go lower from here (below realized),” PlanB said. “So, Bitcoin is undervalued but can still go lower.”  BTC is trading between the 200-week moving average and the realized price. Source: PlanB   Bitcoins realized price is the aggregate cost basis of all coins in

07-02انڈسٹری
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