Category: crypto

Tokyo-listed investment firm Metaplanet has aggressively acquired Bitcoin, adding over 450 BTC this month, boosting its total to 855.5 BTC worth over $56 million. The strategy, aimed at hedging against yen volatility, has increased its stock price by 15% and positioned it as the second-largest Bitcoin holder among Asia-listed companies.

Bitcoin reached $66,000, breaking weeks of stagnation as the crypto market recovers. This optimism is fueled by perceived pro-crypto stances from US presidential candidates and easing geopolitical tensions. Influential firms assert that Bitcoin’s growth is driven by liquidity and transparency, unaffected by election outcomes or regulatory shifts.

Delhi Police seized over 100,000 USDT in a fraud case linked to “M/s Goldcoat Solar,” which falsely claimed government support for renewable energy investment. The scam misled investors using fake endorsements and fabricated earnings. Meanwhile, Hong Kong Police arrested 27 for a HK$360 million crypto fraud utilizing romance scams and advanced technologies.

Bitcoin (BTC) showed potential for further gains after surpassing critical resistance at $63,000, hitting a high of $66,288. Key on-chain metrics indicate bullish momentum, though BTC must maintain a daily close above $63,000 to sustain this trend. The market remains resilient despite previous volatility and potential short-term corrections.

Morgan Stanley’s global head of research advised chief investment officers to consider Bitcoin mining stocks as new energy infrastructure opportunities arise. With rising energy demands and policies requiring data centers to source their own power, Bitcoin mining is positioned for investment growth, particularly as integration with AI and energy efficiency increases.

Deutsche Bank has partnered with crypto market maker Keyrock to improve payment and FX services for global trading. The collaboration focuses on optimizing settlement processes and expanding Keyrock’s reach across multiple regions. Deutsche Bank will offer multi-currency accounts and integrated FX services, enhancing efficiency in global digital asset markets.

Layer-1 blockchain Sui has surged over 185% this year, reaching an all-time high above $2.2 and positioning it among the top 15 cryptocurrencies. Growth factors include expanding its DeFi ecosystem, increased institutional interest, and innovative architecture, leading analysts to predict it may rival Solana and Ethereum. Insider trading concerns persist.

World Liberty Financial, a DeFi project backed by the Trump family, has garnered over 100,000 accredited US investors for its WLFI token presale, aiming to raise $300 million. The project emphasizes regulatory compliance and aims to enhance DeFi accessibility. Donald Trump plays a key role as “chief crypto advocate.”

Tether Holdings plans to diversify its operations beyond cryptocurrency into traditional finance, particularly in lending to commodities trading firms. CEO Paolo Ardoino confirmed discussions about loaning US dollars to traders. Tether aims to leverage its stablecoin’s liquidity while maintaining distinct operations from its core business, amid impressive growth and profits.

Alex Thorn from Galaxy Digital analyzed US presidential candidates’ positions on crypto. He suggests Kamala Harris is an improvement over Biden, while Donald Trump is most favorable for the industry. Key differences in taxes, Bitcoin mining, and banking policies exist, impacting altcoins significantly depending on the winner of the election.