Metaplanet acquires Siiibo Securities for $13M under Project Nova, aiming to build a Bitcoin financial ecosystem targeting Japan's massive Metaplanet's $13M acquisition and Japan's Bitcoin moment, explained.
Bitcoin held near $65,000 on Friday despite Brent crude reaching $97.66, its highest level since mid-May, while ether and several crypto assets posted gains. Altcoin performance remained uneven, with HYPE and FET rising more than 2% as WLFI, AVAX, HBAR, and SUI declined between 4% and 10%.
New framework gives common shareholders a clearer view of net bitcoin exposure after preferred stock and convertible debt obligations
Bitcoin traders are targeting $72,000 after the Fed meets, but options positioning, ETF flows, and heavy resistance could complicate the rally.
Bitcoin mining pool Poolin Technology and its U.S. affiliates have filed for Chapter 11 bankruptcy in New Jersey to sell their remaining assets and liquidate operations.
Spot ETFs on bitcoin listed in the United States recorded 69 million dollars of net subscriptions on Wednesday, extending to seven sessions an uninterrupted series of capital inflows. This sequence brings the total flows to nearly one billion dollars, a sign of a measured return of institutional investors.
The cryptocurrency market continues to navigate a challenging phase, with Bitcoin showing signs of approaching a key turning point in its four-year cycle.
Bitcoin's put/call open interest ratio dropped to 0.52 from 0.76, per Glassnode, as traders unwind bearish bets with BTC stabilizing near $67K. Bitcoin options put/call open interest ratio falls to 0.52, signaling growing bullish conviction.
Poolin, a once-prominent cryptocurrency mining pool operator, has initiated Chapter 11 bankruptcy proceedings in the United States as part of efforts to dispose of its Texas-based facilities and conclude its activities. The Singapore-headquartered firm, along with its American subsidiaries Lonestar Dream Inc.
The signed offers equal 31.8% of wallet IOUs only in gross arithmetic, before estate boundaries, liens and bankruptcy costs.
Plus, the Clarity Act is no longer expected to progress before the August recess.
Bitcoin has seen its brief rally stall this week, with the sudden oil price surge and a sell-off in technology stocks weighing on crypto