Crypto News
Metaplanet Increases Bitcoin Holdings With $13.5M Purchase and Bond Issuance
Japanese hotel company Metaplanet (3350) has acquired 162 bitcoin (BTC) for $13.5 million at an average price of $83,123 per bitcoin, achieving a year-to-date bitcoin yield of 53.2%. The BTC yield represents the percentage change in the ratio of bitcoin holdings to fully diluted shares outstanding over a given period. As of March 12, Metaplanet holds 3,050 BTC valued at $253.7 million, with an average acquisition price of $83,180 per bitcoin.Additionally, the company has issued 2 billion JPY ($13.5 million) in zero interest ordinary bonds to fund further bitcoin acquisitions. At the time of writing, Metaplanet shares were trading at 3,630 yen, down almost 50% from it's all-time high in February.Source link
Market Makers Accused of Helping Investors Bypass Locked Token Arrangements
Venture capital firms and angel investors are reportedly circumventing lock-up periods for crypto tokens by using market-making firms to trade them off-market. Constructing ‘Two-Sided Books’ Some venture capital (VC) firms and angel investors reportedly have devised methods enabling them to offload locked-up tokens before they can be traded on the open market. According to aSource link
Bitcoin Sees Relief Run to $82K; SEC Delays XRP, DOGE, LTC ETF Filings
Bitcoin (BTC) clawed its way back to nearly $82,000, staging a relief rally after dipping below $78,000 late Sunday, leading to a slight run-up in major tokens.Ether (ETH), BNB Chain’s BNB, XRP and Cardano’s ADA rose as much as 3%, alleviating some losses from the past 7 days. The broad-based CoinDesk 20 (CD20) added nearly 4%.Elsewhere, the U.S. Securities and Exchange Commission (SEC) delaying decisions on XRP, Dogecoin, and Litecoin filings. Bloomberg analysts had previously pegged Litecoin’s odds at 90%, Doge at 75%, and XRP at 65% for an ETF approval by year-end, yet the regulator’s hesitation is keeping the market on edge.Traders still eye a pullback to the $74,000 level, and below, before an eventual push higher.“Previously, a similar...
SOL Strategies to Control Over 3.3 Million Staked SOL Following Major Validator Acquisition
Sol Strategies has signed a definitive agreement to acquire three Solana validators, including the prominent Laine validator, and the analytics site Stakewiz.com. This move significantly boosts its staked SOL to 3.3 million and enhances its institutional staking services on the Solana blockchain. Sol Strategies Strengthens Solana Presence with Acquisition of Laine Validator and Stakewiz.com CanadianSource link
Japanese Tech Giants Sony and LINE Join Forces in Blockchain Deal
Sony's blockchain division is bringing Japanese social media giant LINE into the web3 world, with plans to adapt several popular mini-apps onto Sony's Soeneium network, the company announced Wednesday.LINE reports approximately 200 million active users across its platform, and the agreement will bring four LINE-based games, or "mini-apps," to Soneium: Sleepagotchi, Farm Frens, Puffy Match, and Pocket Mob. The integration is meant to facilitate features like in-game rewards and purchases.Soneium is mainly managed by Sony Block Solutions Labs, a joint program between Sony and Singapore-based Startale Labs. SBSL envisions the partnership as a way to "transcend boundaries, allowing users to experience the benefits of web3 without friction," according to a statement shared with CoinDesk."LINE has built a strong presence and...