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Metaplanet (3350), the Japanese company that's committed to buying bitcoin BTC, boosted its holdings to 10,000 BTC, overtaking crypto exchange Coinbase (COIN) to now own the ninth-largest stash among publicly traded companies.The Tokyo based company bought 1,112 BTC for $117.2 million at an average price of $105,435 per bitcoin, CEO Simon Gerovich posted on X. The purchase lifted its holdings above Coinbase's 9,267, according to data on BitcoinTreasuries.com.As of June 16, Metaplanet’s cumulative bitcoin investment stands at roughly $947 million, with an average acquisition cost of $94,697 per BTC. It started down the bitcoin accumulation path in April 2024.A standout metric in Metaplanet’s performance is its bitcoin yield, a proprietary measure that tracks the percentage change in the ratio of...

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.A key indicator suggests that bitcoin's BTC price could soon become more volatile, possibly leading to the next leg higher in the cryptocurrency.This indicator is based on the gap between the bollinger bands, which are volatility bands placed two standard deviations above and below the 20-week simple moving average of the cryptocurrency's price.When the gap widens, it indicates that the market is more active and volatile – a phenomenon historically observed ahead of significant upward moves in BTC. When the gap narrows, it indicates less activity.The gap, also known as the bollinger band spread, could soon widen in a positive sign for the bulls, as the...

Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.As Asia opens the trading week, BTC is changing hands at around $ 105,000, stuck in this range due to market uncertainty about whether the Israel-Iran conflict will escalate into a broader regional war, according to a recent note from trading firm QCP.QCP wrote in a Friday note published on Telegram that risk reversals have "flipped decisively," with front-end BTC puts now commanding premiums of up to 5 volatility points over equivalent calls, a clear indicator of heightened...

Ether (ETH) ETH is trading above $2,540, showing strong resilience in the face of market turbulence fueled by heightened geopolitical risk. After briefly dipping to $2,491.72, ETH recovered swiftly, closing higher on above-average volume and validating key support near $2,500, according to CoinDesk Research's technical analysis model. Technical indicators suggest renewed momentum, supported by a double-bottom formation and heavy intraday buying near $2,530. ETH open interest stood at $35.36 billion as of 6:05 p.m. UTC on June 16, per CoinGlass data, indicating active institutional positioning.However, U.S.-listed spot Ethereum ETFs saw $2.1 million in net outflows on Friday, ending a record-setting 19-day inflow streak, according to data from Farside Investors. Despite that, ETH continues to hold its range between $2,500 and...

"Hey bitcoin, Do Something!" The viral meme — starring a stick figure poking the ground and depicting a need for reaction — might just sum up the current scene at digital assets trading desks during the slow, early summer days. Sure, bitcoin BTC just hit new fresh highs and is still trading above $100,000, but the P&L is diminishing daily for short-term volatility chasers. "Bitcoin’s volatility has continued to trend lower, both in realized and implied measures, even as the asset reaches new all-time highs. This decline in volatility is particularly notable amid historically high price levels," said NYDIG Research in a recent note shared with CoinDesk.And despite macro and geopolitical headwinds hitting traditional assets hard, bitcoin has gone into...