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Metaplanet moves 3,000 BTC worth $237M to Coinbase Prime, no sales reported

Market News
29 Aug 2026
Crypto Briefing
View Source
Neutral
pluang ai news

Metaplanet, a major Japanese corporate Bitcoin holder, transferred 3,000 BTC valued at about $237 million to Coinbase Prime on August 29, continuing a series of large Bitcoin moves this month. Despite shifting over 9,350 BTC in August alone, the company insists these are custodial adjustments, not sales, and retains its full 43,000 BTC holding. Bitcoin's price remained stable during these transfers, indicating no market panic. Metaplanet is also exploring strategic initiatives involving additional BTC injections and expanding access to US capital markets, signaling a long-term hold strategy despite current paper losses.

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ProShares UltraShort Bitcoin ETF offers short-term hedge after BTC fails to break $81K resistance

ProShares UltraShort Bitcoin ETF offers short-term hedge after BTC fails to break $81K resistance

The ProShares UltraShort Bitcoin ETF (SBIT) is recommended for tactical traders looking for short-term hedges against Bitcoin following Bitcoin's failure to surpass the $81,000 resistance level. SBIT uses -2x daily leverage, making it highly responsi...

Analyst Insights
Neutral
4 hours ago
Nova gains buy rating on strong sales growth and advanced packaging revenue boost

Nova gains buy rating on strong sales growth and advanced packaging revenue boost

Nova Ltd. (NVMI) received a buy rating due to its diversified metrology platform and strong performance in logic, packaging, and chemical markets. Advanced packaging now accounts for about 25% of its product revenue, supporting record sales and earni...

Analyst Insights
Bullish
4 hours ago
Ripple hires LME treasury exec to boost tokenized assets and institutional markets.

Ripple hires LME treasury exec to boost tokenized assets and institutional markets.

Ripple has appointed Joseph Thompson, former senior VP and head of treasury at the London Metal Exchange, to its Trading and Markets team. Thompson will focus on expanding Ripple's strategy for tokenized real-world assets, integrating blockchain with...

Protocol Fundamentals
Bullish
4 hours ago
Matt Damon to headline Ripple's Swell event alongside top executives in October 2026

Matt Damon to headline Ripple's Swell event alongside top executives in October 2026

Oscar-winning actor Matt Damon will be a featured speaker at Ripple's Swell event in New York City from October 27-29, 2026. He will appear alongside Ripple's CEO Brad Garlinghouse, President Monica Long, and CTO Emeritus David Schwartz. Damon's invo...

Market News
Bullish
4 hours ago
Dogecoin gains 21.4% in August, its best month of 2026 so far

Dogecoin gains 21.4% in August, its best month of 2026 so far

Dogecoin recorded a 21.4% return in August 2026, marking its best monthly performance this year after months of volatility. The recent price breakout sparked bullish momentum, with Dogecoin reaching a high near $0.0996. Despite this surge, Dogecoin r...

Market News
Bullish
4 hours ago
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