Coindesk

Japan's Metaplanet has issued more zero-interest bonds as the listed company looks to asquire more bitcoin (BTC).The company said today in a notice to shareholders that it issued 2 billion yen ($13.4 million) in zero-interest ordinary bonds for buying BTC, with Evo fund once again acting as the sole bondholder.These bonds carry no interest and will be redeemed in full on Sept. 17.These bond issuances are a regular occurrence for the listed company as Metaplanet continues to increase its bitcoin reserves, taking advantage of cheaper pricing brought by BTC's recent price correction.Last week, the company announced it had acquired 162 BTC for $13.5 million at an average price of $83,123 per bitcoin.With all its recent buys, Metaplanet now holds 3200...

The Bitcoin (BTC) bull market is over, according to crypto research firm CryptoQuant's founder Ki Young Ju. Ju posted on X that he is expecting 6-12 months of bearish or sideways price action as the BTC bull run loses steam, citing declining liquidity in the market."New liquidity is needed. The on-chain realized cap has stalled, signaling no fresh capital inflows. For example, BlackRock’s IBIT saw three straight weeks of outflows," he said in a Telegram note to CoinDesk. "Even with record volume near $100K, Bitcoin’s price barely moved. Without new liquidity to offset heavy selling, this is a bearish signal."A recent report from CryptoQuant made the case for the possibility of BTC's return to the $63K mark, citing bearish signals...

The Solana Foundation nixed an ad widely criticized for being anti-queer late Monday, nearly nine hours after seemingly invoking the culture wars as a mechanism to boost conference attendance.The now-deleted spot imagines "America" in therapy. A human embodiment of the nation desperately wants to think big – about tech, crypto, space travel. But he can't: his therapist wants him to "focus on pronouns" and on "coming up with new genders.""America, numbers are non-binary," the therapist insists after chiding his "rational thinking syndrome." America eventually snaps and yells out, "I want to invent technologies, not genders.That the Solana Foundation – a Swiss nonprofit whose mission is to evangelize the Solana blockchain – would call upon right-wing talking points to promote its...

The main organizations supporting the Arbitrum blockchain, Offchain Labs and the Arbitrum Foundation, unveiled a new program designed to kick-start early-stage projects in the ecosystem.The new program, "Onchain Labs," is designed to provide go-to-market support to "experimental and volatile" projects, according to a blog post from Offchain Labs, Arbitrum's main developer.“Through Onchain Labs, we’re dedicating resources to support developers looking to rapidly expand the application layer by ideating with them from the ground floor to bring the best user experiences to Arbitrum,” the blog post said. “As we do with many Arbitrum teams, we’ll provide product and support to these early-stage projects, collaborating closely to help their applications thrive on Arbitrum.”Arbitrum Foundation is a non-profit that stewards Arbitrum ecosystem...

Bakkt Holdings (BKKT), a crypto exchange and custody firm, saw its shares plunge on Monday after disclosing that neither Bank of America (BAC) nor crypto trading app Webull Pay would renew their commercial agreements with the company.At the time of writing, BKKT shares have dropped 35% in after hours trading to $12.83. The stock made its all-time high in October 2021, when it was traded for $1,063 shortly after the firm became public through its merger with VPC Impact Acquisition Holdings.Bank of America accounted for roughly 16% of Bakkt’s loyalty service revenue in 2023. Webull, meanwhile, represented 74% of Bakkt’s crypto service revenue in the same period. The agreement with Bank of America is scheduled to expire on April 22,...