Cryptocurrency News

10 February

Bitcoin Boom Powers Metaplanet’s 64% Stock Surge in 2024

Metaplanet’s Bitcoin Bet Pays Off: $36 Million Unrealized Gains in 2024 From Hotels to HODLing: Metaplanet’s Crypto Strategy Boosts Shares by 64% Metaplanet Eyes 21,000 BTC by 2026 as Shareholder Base Soars 500% Metaplanet (3350) has announced its full-year 2024 financial results, revealing an unrealized gain of approximately $36 million (5.46 billion yen) from its Bitcoin holdings. The company currently …

10 February

Why Retail Investors Are Losing Faith in Altcoins

Altcoins or Meme Coins? Alon Cohen Questions the Real Difference Exit Liquidity or Innovation? The Harsh Reality of Altcoin Investing The Altcoin Dilemma: Tech Utility vs. Speculative Hype Alon Cohen, co-founder of Pump.fun, recently stirred up the crypto community with bold remarks about the state of altcoins. According to Cohen, many tech-based altcoins serve the same purpose as meme coins—offering …

10 February

Trump’s Crypto Push Ignites Japan’s Bitcoin Frenzy

Japan’s Bitcoin Boom: How Metaplanet Turned Hotels into Crypto Gold From Hotels to HODL: Metaplanet’s 4,800% Surge Amid Bitcoin Craze The Bitcoin Hotel: Metaplanet’s Bold Bet on Crypto Pays Off (Bloomberg) – Japan is experiencing a Bitcoin boom, fueled in part by U.S. President Donald Trump’s pro-crypto stance, which has sent Bitcoin demand soaring. One company riding this wave is …

10 February

University of Austin Dives Into Crypto with $5M Bitcoin Endowment Fund

The University of Austin (UATX) has taken a bold step into the world of digital assets, launching a $5 million Bitcoin investment fund as part of its endowment strategy. The move positions UATX among a small but growing number of academic institutions embracing cryptocurrency as a legitimate asset class for long-term growth. Bitcoin as a Strategic Endowment Investment Universities traditionally …

10 February

New CFPB Chief Halts Funding and Activities in Major Shake-Up

In a surprising move, the newly appointed head of the Consumer Financial Protection Bureau (CFPB) has suspended the agency’s funding and ongoing activities, sparking debates over the future direction of the financial watchdog. The decision marks a significant shift in leadership priorities and raises questions about the CFPB’s role in regulating banks, lenders, and financial institutions. Regulatory Freeze and Policy …

10 February

CZ Denies Buying Meme Coins or NFTs, Claims No Knowledge of TST Listing on Binance

Binance co-founder and former CEO Changpeng “CZ” Zhao has distanced himself from the hype surrounding meme coins and NFTs, stating that he has never personally invested in them. Additionally, CZ claims he has no knowledge of how TST, a lesser-known token, ended up being listed on Binance, fueling speculation about the exchange’s internal listing processes. CZ’s Statement on Meme Coins …

10 February

SBI Shatters Crypto Profit Records, Eyes Japan’s First USDC Listing

Japanese financial giant SBI Holdings has reported record-breaking profits from its cryptocurrency division, signaling growing institutional adoption of digital assets in the country. As the company rides the wave of surging crypto markets, it is now setting its sights on another milestone—becoming the first to list USDC, a major dollar-pegged stablecoin, in Japan. Record-High Crypto Profits SBI’s latest earnings report …

10 February

Hedge Funds Go All In Against ETH as Ethereum Shorts Hit Record High

Ethereum is facing intense bearish pressure as hedge funds ramp up their short positions to unprecedented levels. With ETH’s price struggling to maintain momentum, institutional traders are betting big against the second-largest cryptocurrency, raising concerns about potential volatility in the coming weeks. Record Short Positions on Ethereum According to recent market data, Ethereum short positions have reached an all-time high, …

10 February

Metaplanet Skyrockets 4,000% on Bitcoin Bet, Poised for First Profit in Six Years

Metaplanet, the Japanese investment firm often compared to MicroStrategy, has seen its stock soar an astonishing 4,000% in recent months, driven by its aggressive Bitcoin accumulation strategy. The surge comes as the company is set to report its first profit in six years, signaling a remarkable turnaround fueled by the booming crypto market. Bitcoin-Fueled Rally Metaplanet made headlines earlier this …

10 February

UK Landfill Linked to Lost 8,000 Bitcoin Hard Drive Faces Closure

A landfill in Newport, Wales, infamous for potentially holding one of the world’s most valuable lost treasures—8,000 Bitcoin—may soon be shutting down, according to recent reports. The site has long been at the center of a modern-day digital gold hunt, as one man has spent years attempting to recover a hard drive that could be worth over $400 million at …