Crypto News

The measures taken by Milei and his economic team have resulted in a significant reduction in inflation rates, which had reached record highs of over 20% in December 2023. Nonetheless, yearly inflation rates still reach double digits, with Argentines still feeling the heat of price acceleration. Inflation Rates Plummet in Argentina Led by President Milei’sSource link

Vietnam passed a law officially recognizing digital and crypto assets, taking a decisive step toward regulating and promoting the cryptocurrency economy.The Digital Technology Industry Law was passed on June 14 and takes effect Jan. 1, 2026. It outlines a broad framework for managing digital assets and fostering blockchain innovation, according to local media.This legal recognition comes as Vietnam seeks to improve its stance in the rankings of the Financial Action Task Force, an international organization that sets standards to tackle money laundering and financing of terrorism. The country is designated on the FATF's grey list for insufficient anti-money laundering controls, particularly concerning virtual assets.The legislation categorizes digital assets into two groups: virtual assets and crypto assets. While both fall outside...

Metaplanet Inc. (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), a publicly listed bitcoin treasury company based in Japan, has announced the acquisition of an additional 1,112 bitcoin as part of its ongoing Bitcoin Treasury Operations, bringing its total holdings to 10,000 BTC. The latest purchase was made at an average price of 15,182,668 yen (approximatelySource link

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...

In a note released last week, Bank of America insisted that there is a path for gold to reach $4,000 in the next 12 months, given the geopolitical instability and the low exposure of investors to the yellow metal. Other institutions also have positive expectations for the evolution of gold prices. Bank of America: GoldSource link