Metaplanet is preparing another major capital raise through the issuance of its new Class B perpetual preferred shares to expand its Bitcoin-focused treasury strategy. According to filings submitted to the Tokyo Stock Exchange, the firm plans to issue 23.6 million Class B shares at 900 yen ($5.71) each, bringing the total raise to 21.2 billion…
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Owen Gunden, one of the richest early Bitcoin holders, has sold his entire Bitcoin position as retail investors flee the market and institutions continue increasing their share of spot Bitcoin exchange-traded funds. The wallet tagged as Owen Gunden by blockchain data platform Arkham transferred his last 2,499 Bitcoin (BTC) worth $228 million to cryptocurrency exchange…
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United States-listed spot Bitcoin exchange-traded funds (ETFs) broke a five-day outflow streak on Wednesday, recording $75.4 million in net inflows as Bitcoin reclaimed the $92,000 price point. Farside Investors data showed inflows led by BlackRock’s iShares Bitcoin Trust (IBIT), which pulled in $60.6 million on Wednesday — still a far cry from offsetting its $523…
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The co-founders of privacy-focused Bitcoin wallet Samourai Wallet were sentenced to four and five years in prison Wednesday, setting an important precedent as privacy development makes a comeback in crypto. Keonne Rodriguez and William Lonergan Hill were sentenced on Wednesday for conspiring to operate an unlicensed money-transmitting business and for facilitating transactions involving criminal proceeds,…
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Bitcoin Core has cleared its first-ever third-party security audit, with results confirming that the software securing the world’s largest decentralized network is highly mature. The review, conducted by French security firm Quarkslab and commissioned by OSTIF on behalf of Brink, examined the project’s most sensitive components, particularly the peer-to-peer (P2P) layer and block validation logic,…
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Bitcoin is entering bearish territory as institutional demand dries up and key market indicators point to a downward phase, according to data from analytics platform CryptoQuant. Bitcoin (BTC) market conditions have turned the “most bearish” within the current bull cycle that started in January 2023, CryptoQuant said in its latest crypto weekly report shared with…
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Cathie Wood’s ARK Invest increased its exposure to crypto-related stocks on Wednesday, purchasing Bullish, Circle Internet Group and BitMine Immersion Technologies across multiple exchange-traded funds (ETFs) as crypto stocks slid deeper into the red. According to ARK’s daily trade disclosure, the ARK Fintech Innovation ETF (ARKF) bought 48,011 shares of Bullish, while the ARK Next…
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Bitcoin’s recent price plunge has little to do with the recent US government shutdown or with the so-called AI tech bubble, according to crypto analysts. Many market participants had speculated that Bitcoin (BTC) — which recently fell to its lowest level in almost eight months — was still reeling from widespread macroeconomic uncertainty due to…
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Bitcoin whale activity could experience its highest spike in weekly transactions this year with Bitcoin falling under $90,000, according to the market intelligence platform Santiment. The increase in whale activity has grown in step with the slump in crypto prices, Santiment said in an X post on Wednesday. Bitcoin (BTC) dropped below $90,000 this week…
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The Abu Dhabi Investment Council (ADIC) nearly tripled its exposure to Bitcoin during the third quarter through BlackRock’s spot Bitcoin fund, according to a recent report. Several market participants saw it as a signal that institutional interest in crypto is still gaining momentum in the United Arab Emirates. ADIC, an investment arm of Mubala Investment…
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