Category: crypto

Metaplanet, a Japanese Bitcoin treasury firm, reported profits of 12.7 billion yen in Q3, with a 94% revenue growth. Net assets rose by 165% to 532.9 billion yen, and the company holds over 30,823 BTC. Despite market volatility, Metaplanet remains profitable and ready to cooperate with potential regulatory changes.

Taiwan’s central bank plans to study Bitcoin as a strategic reserve and draft pro-Bitcoin regulations. The government also intends to start a BTC treasury using seized BTC valued at around $300 million. If approved, Taiwan could become the first Southeast Asian country to hold BTC as a strategic reserve.

World Liberty Financial (WLFI) has expanded the reach of its USD1 stablecoin by deploying it on AB Chain. This integration aims to improve settlement speed and DeFi liquidity. The stablecoin, backed by U.S. dollars and government funds, has seen significant growth and adoption on major exchanges and protocols. However, WLFI has faced allegations of freezing…

Sierra Protocol launches Liquid Yield Token SIERRA on Avalanche network, offering instant yield generation without lock-up periods or hidden fees. Token utilizes dynamic rebalancing strategy across institutional RWAs and DeFi protocols, providing transparency and flexibility for investors. OpenTrade powers the token, enhancing security and efficiency. CEO Dave Sutter expresses excitement for protocol’s growth potential.

The Czech National Bank has launched a $1 million digital asset portfolio pilot, marking the first time a central bank has purchased Bitcoin. The portfolio will include Bitcoin, a stablecoin, and a tokenized asset, with the goal of gaining practical experience with blockchain processes and understanding the potential role of digital assets in diversifying reserves.

Scammers tricked victims into downloading a fake mobile crypto exchange app, stealing their funds through transfers. Federal agents seized $1.18 million in crypto from scammers in a global fraud ring. The U.S. Secret Service led an investigation into the scheme, which targeted U.S. citizens with fake apps and high-pressure tactics.

Tether assisted Thai and U.S. authorities in seizing $12 million in USDT from a transnational scam network in Southeast Asia, leading to the arrest of 73 individuals. Tether’s blockchain analysis enabled the tracing of stolen USDT, highlighting the company’s commitment to supporting law enforcement globally in combating criminal activity involving digital assets.

Aguirre Franco, Bitget’s new Chief Marketing Officer, is focusing on addressing the communication challenges in the complex world of crypto. By developing a universal exchange model that bridges centralized and decentralized systems, along with AI tools like GetAgent, Bitget aims to provide a seamless and educational trading experience for users worldwide.

BNY, one of the oldest banks in the U.S., has introduced a new stablecoin reserves fund to encourage institutional adoption of cryptocurrencies. The fund, called BNY Dreyfus Stablecoin Reserves Fund, is aimed at issuers complying with the GENIUS Act. Experts predict the stablecoin market could reach $1.5 trillion by 2030.

The end of the U.S. government shutdown is expected to bring relief to the crypto market, but traders are still cautious. Bitcoin and Ethereum saw positive reactions, with Bitcoin ETFs also seeing inflows. Experts are cautiously optimistic about the market’s future after the shutdown. ETF applications are expected to play a significant role.