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Metaplanet and Convano, two companies leading Japan’s Bitcoin treasury strategies, announced additional purchases on Monday. Metaplanet executed ten acquisitions over the past ten weeks, totaling 7,791 BTC.
The activity highlights how Japanese corporations diversify balance sheets to guard against yen weakness and persistent monetary policy uncertainty.
Metaplanet: Ten Purchases in Ten...
Kazakhstan plans to launch a state-backed crypto reserve and pass a digital asset law by 2026. President Kassym-Jomart Tokayev ordered the National Bank’s investment arm to create a State Digital Asset Fund to hold key digital assets.
He also pledged to expand the digital tenge and push banking reforms that channel funds into high-tech ventures.
Tokayev Orders Creation of Digital Asset Fund...
Eightco Holdings, a company offering cash-flow support and packaging services for online sellers, recorded one of the sharpest market moves of the year after unveiling a plan to allocate its corporate treasury primarily to Worldcoin.
The company also secured fresh backing from BitMine, a crypto mining firm with an extensive Ethereum portfolio, fueling speculation about whether digital...
Justin Sun’s USDD stablecoin launched natively on Ethereum as the network’s stablecoin supply hit $165 billion. The rollout adds a Peg Stability Module for direct USDT and USDC swaps and offers up to 12% APY rewards.
Despite USDD’s smaller scale versus Tether’s $169 billion dominance, the move signals growing competition in the $2.5 trillion stablecoin sector.
USDD Launch, Incentives, and...
Christie’s the world’s largest art auction house, its shuttering its digital art division, home to many NFTs. The institution hosted a $69 million NFT auction in 2021, helping kickstart the sector’s fame.
Theoretically, the firm may continue selling NFTs in the “21st Century Art” category, but this seems unlikely.
The Art World Ditches NFTs
The NFT sector took the world by storm in 2022...
The crypto market had a bullish week for altcoins, with many tokens inching closer to their all-time highs. Amongst them is the altcoin leader Ethereum (ETH), which is sitting 14% from its ATH.
BeInCrypto has analysed two other altcoins that could form new all-time highs this week, if the market supports them.
BNB
BNB price is trading at $878, just under the crucial resistance of $880....
SwissBorg, a wallet/exchange service, recently lost $41.5 million in Solana to a hack. Attackers compromised the firm’s SOL staking protocol, using a partner API as a vulnerability.
The company claims that the losses were isolated to this one service. Nonetheless, the theft still compromises a significant chunk of its Solana holdings. SwissBorg will attempt to partially refund its users,...
The crypto market is shifting from bearish to neutral as most of the top tokens are moving sideways. This range-bound movement makes the altcoins dependent on external development to stimulate a surge in price.
BeInCrypto has analysed three such altcoins that are likely to observe a move in the coming days.
Tezos (XTZ)
XTZ is trading at $0.722, maintaining a tight range between $0.737...
A major cyberattack has shaken the global software ecosystem and placed millions of crypto users at risk. Hackers hijacked a popular developer’s account on npm, the platform that powers much of the web, and slipped malicious updates into widely used code libraries.
These libraries are buried deep inside countless apps and websites. Together, they are downloaded more than a billion times each...
As the second week of September begins, the altcoin market cap has yet to show a decisive breakout move. TOTAL3 (excluding Bitcoin and Ethereum) remains around $1 trillion.
However, the liquidation map reflects bullish expectations from short-term derivatives traders. They appear to be betting heavily on an upward scenario in the second week of September. If they are wrong, the scale of...