The Japanese publicly traded company Metaplanet known for its Bitcoin reserve strategy, has announced the establishment of its US headquarters in Miami.
The company had previously unveiled a significant financing plan amounting to $5.4 billion, with the aim of acquiring a total of 210,000 BTC by the end of 2027. 🔥
The transaction volume of stablecoins has reached $33 trillion, marking a historic high and surpassing PayPal's transaction volume by 20 times and Visa's by three times. 😎🔥
The rise of stablecoins has resulted in $128 billion of US Treasury bonds being held by stablecoin entities, placing them among the top 20 holders, surpassing countries like Saudi Arabia, South Korea, the UAE, and Germany.
In 2030, stablecoin holdings in US Treasury bonds could reach $3.7 trillion, making them the largest holders on this list.
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The newly appointed Chair of the US SEC said he wants to tackle longstanding issues in the blockchain sector during the third cryptocurrency roundtable meeting.
It’s important addressing regulatory concerns surrounding digital assets and the substantial benefits from market innovations in terms of efficiency, cost reduction, transparency, and risk mitigation.
Will Xrp hit a new all time high this year again? 🤔
XRP has experienced a notable increase in value, rising 25% since April 7, following the low of $1.61.
This surge coincides with a broader recovery in the crypto market and a significant rise in XRP's open interest, which has jumped 32% from $3.14 billion to $4.13 billion between April 21 and 23.
This increase in futures interest suggests a bullish sentiment among derivatives traders but the negative aggregated premium on open interest shows that the XRP futures market continues to bid against a price rise.
The funding rate remains near zero, reflecting a neutral stance between bullish and bearish traders.
on-chain data reveals that despite a decline in Bitcoin prices from March to April, the number of addresses holding over 1,000 BTC has reached a four month high, whales are accumulating.🔥
This current figure is comparable to levels seen in November to December 2024, influenced by the US election market dynamics, but remains below the historical peak of nearly 2,500 addresses in February 2021.
There are rumors around the possible removal of Federal Reserve Chair Jerome Powell, and if it happens, the US financial system might face historic instability, which could spread to a global recession. 😞
As competition increases across the blockchain space, high-performance protocols like Toncoin, Sui, Aptos, Sonic, and Berachain might challenge solanas growing dominance.
These platforms aim to address scalability and efficiency issues in existing ecosystems like Bitcoin, Ethereum, and Solana, but face the challenge of translating technology into real world adoption and sustainable fee income.
Thr peak of the Bitcoin market has historically been closely linked to a surge in retail investor activity.
However during the recent increase in Bitcoin's price from $70,000 to $110,000, there has been no significant sign of retail investors entering the market. 🤔
This pattern is structurally similar to the market conditions observed at the end of 2021.
Metaplanet a Japanese firm is now one of the largets publicly known Bitcoin holders, they recently acquired 319 Bitcoin at an average price of $83,147 per coin, bringing its total holdings to 4,525 BTC.
This purchase is part of the company's Bitcoin Treasury Operations strategy, launched in December 2024, aiming to enhance shareholder value by increasing its exposure to Bitcoin.
Canadian asset management firm Purpose Investments has announced the launch of a Solana ETF, trading under the ticker SOLL. 🔥
The ETF began trading today on the Toronto Stock Exchange, highlighting that the Solana ETF uniquely combines native staking rewards with the company's proprietary internal staking infrastructure, aiming to offer investors staking returns.