Cryptocurrency Analysis and News Portal
Tokyo-listed Metaplanet Inc (3350) has acquired an additional 775 bitcoin for 13.73 billion yen (about $94 million), according to its most recent filing. The purchase, made at an average price of 17.72 million yen ($120,500) per bitcoin, lifts the company’s total holdings to 18,888 BTC, worth roughly 284.1 billion
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Japan's Financial Services Agency (FSA) will approve the first yen-denominated stablecoin as early as this fall, according to a Nihon Keizai Shimbun report on Sunday.Fintech company JPYC will register as a money transfer business with the FSA, paving the way for the approval of the first yen stablecoin. JPYC's stablecoin
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Bitcoin experienced a significant drop in the early hours of August 18, briefly falling to $114,955 before stabilizing above $115,200. Market-Wide Plunge and Bitcoin’s Retreat On Monday, Aug. 18, bitcoin ( BTC) tumbled, briefly dropping to $114,955 before recovering and consolidating above $115,200. The top cryptocurrency’s 2.3% decline in 24
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The non-fungible token (NFT) market lost more than $1.2 billion in value in less than a week as Ether’s rally slowed, according to sector data.On Monday, NFT Price Floor data showed that the total valuation of NFT collections had dropped to $8.1 billion, a 12% decline from Wednesday’s NFT market
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Cryptocurrency investment products saw another week of strong inflows, largely driven by Ether exchange-traded products (ETPs).Global crypto ETPs posted $3.75 billion of inflows during the trading week ending Friday, European crypto asset manager CoinShares reported on Monday.The inflows came amid strong bullish momentum for Ether (ETH), with prices nearing all-time
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Thailand introduced its Tourist Wallet for foreign-currency-to-baht QR payments, but the crypto conversion feature is suspended pending a regulatory review through mid-August.The Bank of Thailand said the Tourist Wallet is meant to solve a practical problem: Cross-border QR links are only live with eight partner countries including Singapore, Malaysia and,
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Key NotesBitcoin, Ethereum, and many altcoins are seeing sharp declines.The global crypto market cap dropped by almost 3%, wiping roughly $140 billion off the market.An overbought market, macro events, and a sudden inflow of liquidity into speculative assets are driving the selling pressure. The hopes of Bitcoin (BTC) hitting $130,000 and
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Metaplanet is not slowing down on its accumulation of Bitcoin, boosting its portfolio with fresh funds. Summary
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Crypto traders should remain vigilant for an ether (ETH) price drop below $4,200, which could trigger millions in long liquidations and increase market volatility.As of writing, over 56,638 ETH in bullish long positions – valued at $236 million – faced liquidation risk on the decentralized perpetual exchange Hyperliquid in case
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