Metaplanet reported a $750 million net loss in Q1, mainly due to the crypto market downturn affecting its Bitcoin holdings. The company planned to issue preferred stocks to fund Bitcoin purchases and reduce share dilution, similar to Strategy's successful STRC model. However, Japanese regulations requiring sustainable cash flows and limited dividend payments have delayed these stock offerings. As a result, Metaplanet has shifted to quarterly Bitcoin buys and currently holds about 40,117 BTC, aiming for 100,000 BTC in 2026 but facing uncertainty in meeting this target. The delay could cause Metaplanet to lag behind competitors like Strategy, which aggressively uses preferred stocks to scale Bitcoin accumulation.
CME Group has included XRP in its new Nasdaq Crypto Index, joining Bitcoin, Ether, and other major altcoins. This move coincides with CME's transition to 24/7 crypto trading starting May 29, enhancing liquidity and market access. XRP's inclusion mean...
Ethereum is trading near high levels supported by positive macro sentiment and strong equity markets, following Bitcoin's recent surge above $80,000. Investors are watching if ETH can sustain a breakout like Bitcoin, driven by institutional demand, E...
Bitcoin ETFs experienced their biggest single-day capital outflow since January, losing $635.23 million on May 13 after six weeks of inflows. This signals a shift in institutional investor behavior, moving from broad Bitcoin exposure to more selectiv...
Cryptocurrency markets display mixed price changes, with Bitcoin trading slightly down at around $79,726 and Ethereum also dipping near $2,260. Some altcoins like Dogecoin and QNT show significant gains, rising over 3% and 7% respectively, while othe...
Bitcoin was rejected at the $81,000 level and subsequently dropped by over $2,000, slipping below $79,000. This marks Bitcoin's weakest price point in the last 10 days. The decline was accompanied by unwinding of leveraged long positions, indicating ...
