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  • OKB price dips 20% as OKB Boost contract glitch drains entire reward pool

    OKB price dips 20% as OKB Boost contract glitch drains entire reward pool

    OKB price dips 20% as OKB Boost contract glitch drains an entire reward pool

    • The malfunction allowed 32 wallets to claim 623M PYBOBO within 4 seconds.
    • The event emptied nearly all the 625M reward pool almost instantly.
    • The glitch coincides with OKB’s price underperformance.

    The virtual currency sector recorded another sell-off on Friday as Bitcoin lost 10% in the past 24 hours to press time’s $81,865.

    The global crypto market cap stands at $2.81 trillion after a 10% decline over the last day.

    Amidst the broader bloodbath, OKX’s native token suffered the most as the downside coincided with OKX facing new scrutiny after an unexpected contract glitch in its recent Boost reward campaign.

    A planned distribution of PYBOBO coins ended up with nearly all the pool drained within four minutes, and it wasn’t the massive demand as earlier thought.

    OKX’s token underperformed the overall cryptocurrency market in the past 24 hours.

    It dipped from $115 to $94 during this writing, and over 18% dip on its daily price chart.

    OKB experienced intensified selling pressure as the news of contract malfunctioning spread.

    A 4-second glitch empties 99.68% of incentives

    On-chain stats show that 32 addresses claimed 623 million PYBOBO coins, wiping nearly all the 625 million allocated for the distribution event.

    The most striking thing is that the entire sweep took only four seconds, catching the team and participants unaware.

    Notably, a multifunction within the OKX Boost claim contract seems to have permitted abnormal, rapid claims, allowing a few addresses to receive far more PYBOBO tokens than initially planned.

    OKLink identified a particular wallet that claimed 37.847 million tokens, worth roughly $18,600.

    Nevertheless, what’s striking is how fast the pool evaporated, with 99.68% of rewards gone by the time the ream noticed the glitch.

    The event’s nature indicates an unintended move that propelled distributions well beyond their specified limits.

    OKX Wallets halts claiming amid investigations

    The team acknowledged the issue immediately after the reports emerged and confirmed delaying PYBOBO claiming until after resolving the contract issuer.

    The temporary pause aims to prevent further potential damage as the project conducts a review.

    The team has promised to publish more updates as they investigate the matter.

    The incident sent ripples across the OKX ecosystem. OKB testified to that with its overwhelming selling pressure.

    OKB price outlook

    OKX’s token  hit a daily low of $94 after losing the $100 psychological mark.

    It has dropped from a daily high of $115, losing over 18% of its value in the past 24 hours.

    OKB has seen its daily trading volume surge 100%, signaling increased speculative activity.

    The digital coin would likely slump further before regaining a dependable footing as sellers thrive in the current financial landscape.

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  • Deutsche Bank sees parallels between Gold and Bitcoin as central banks boost gold reserves

    Deutsche Bank sees parallels between Gold and Bitcoin as central banks boost gold reserves

    • Deutsche Bank says gold now makes up 24% of central bank reserves, the highest share since the 1990s.
    • Analyst Marion Laboure sees parallels between gold and Bitcoin as safe-haven, low-correlation assets.
    • Deutsche Bank predicts both Bitcoin and gold could join central bank reserves by 2030.

    Global central banks are expanding their gold holdings at a pace not seen in decades, a trend that could have major implications for Bitcoin, according to a new report from Deutsche Bank.

    The bank’s strategists noted that gold’s share of central bank reserves climbed to 24% in the second quarter, its highest level since the 1990s, marking a renewed confidence in the precious metal amid shifting global monetary dynamics.

    Deutsche Bank’s findings highlight how gold’s resurgence and Bitcoin’s momentum in 2025 share several common characteristics, particularly as investors and policymakers seek alternative stores of value in an uncertain economic environment.

    Central Banks’ Gold accumulation reaches multi-decade highs

    The report shows that official demand for gold has doubled compared to the 2011–2021 average, signaling an intensified effort by central banks to diversify away from fiat currencies.

    The strategists described this as a “significant shift in global finance,” echoing patterns seen throughout the 20th century when gold played a dominant role in global reserves.

    Gold’s renewed accumulation coincides with its climb past inflation-adjusted all-time highs.

    Although gold prices have been setting nominal records for several years, Deutsche Bank noted that only recently has the metal surpassed its real-adjusted peak from 1980.

    “It’s only in recent weeks that gold has finally surpassed its real-adjusted all-time highs from around this point 45 years ago,” the bank’s strategists wrote.

    They attributed the decades-long gap between those milestones to a combination of factors, including central bank gold sales, institutional sell-offs, and the rise of the fiat currency era.

    The report also recalled that gold’s formal role as a reserve asset ended in 1979 when the International Monetary Fund (IMF) prohibited member countries from pegging exchange rates to gold — a move that cemented the end of the Bretton Woods system.

    Bitcoin emerges as a modern parallel to Gold

    Deutsche Bank’s macro strategist Marion Laboure explored potential parallels between gold and Bitcoin in a report titled “Gold’s reign, Bitcoin’s rise.”

    She observed that both assets have shown similar long-term performance patterns since their inception and share a reputation for high volatility and periods of underperformance.

    Laboure emphasized that both gold and Bitcoin have a low correlation with traditional financial assets, making them attractive options for diversification.

    These shared traits, she suggested, contribute to their appeal as potential “safe-haven” assets in times of market uncertainty.

    While Laboure acknowledged that Bitcoin’s volatility and lack of backing remain major concerns, she noted that volatility has declined to historic lows.

    Other challenges — including limited adoption, speculative behavior, cybersecurity risks, and liquidity constraints — continue to limit Bitcoin’s suitability as a mainstream reserve asset, but its trajectory is drawing increasing institutional attention.

    Looking ahead: Bitcoin and Gold in central bank reserves by 2030?

    Despite lingering skepticism among policymakers, Laboure predicted that both Bitcoin and gold could feature on central bank balance sheets by 2030.

    The forecast reflects a gradual convergence between traditional and digital stores of value, particularly as institutional adoption of Bitcoin expands and governments explore ways to diversify their reserves.

    Still, she cautioned that Bitcoin’s volatility and perceived risk profile remain key barriers for central banks, whose primary mandate is to preserve capital stability.

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  • The Paraguayan power play: How a shocking production boost sent HIVE’s stock soaring 25%

    The Paraguayan power play: How a shocking production boost sent HIVE’s stock soaring 25%

    The Paraguayan power play: How a shocking production boost sent HIVE's stock soaring 25%

    • HIVE Digital stock surged over 25% after a strong September production report.
    • The company mined 267 BTC, an 8% increase from the previous month.
    • Year-over-year production has grown a massive 138 percent.

    In a stunning display of operational excellence and rapid expansion, the Canadian Bitcoin miner HIVE Digital Technologies has delivered a jolt of power to the market, announcing a substantial and surprising increase in its Bitcoin production that sent its stock soaring over 25 percent.

    The news is a powerful testament to the success of the company’s aggressive growth strategy, particularly its massive new facility in the heart of South America.

    The market reaction was swift and decisive. Following the announcement, HIVE’s stock jumped more than 25 percent, closing at $5.57 on October 6.

    This surge was a direct response to a stellar September production report, in which the company mined 267 BTC—an 8 percent increase from August and a staggering 138 percent jump in year-over-year growth.

    The Paraguayan power play

    The engine behind this explosive growth is the company’s new 100 MW Phase 3 Valenzuela plant in Paraguay.

    HIVE confirmed that the facility, which is powered exclusively by renewable hydroelectric energy, is coming online “ahead of schedule.”

    Almost half of the facility’s total hashrate capacity is now operational, a major milestone that has immediately translated into a surge in daily production, which now averages over 9 BTC per day.

    This rapid deployment has had a dramatic effect on the company’s overall operational power.

    HIVE’s average hashrate—the computational power it uses to mine Bitcoin—surged by 19 percent from August to September alone, a clear sign of the new facility’s immediate impact.

    Beating the network: a story of surging efficiency

    But this is not just a story of brute force; it is a story of remarkable efficiency.

    During the same period that HIVE’s own hashrate grew by 19 percent, the entire Bitcoin network’s mining difficulty—a measure of how hard it is to mine a new block—rose by 16 percent.

    HIVE’s ability to outpace the network’s own growth is a critical signal that it is operating with increasing efficiency, a key factor in a miner’s long-term profitability.

    A glimpse into a high-powered future

    The company’s leadership has made it clear that this is just the beginning.

    Executive Chairman Frank Holmes praised the Paraguay team for advancing Phase 3 “ahead of schedule,” a sentiment echoed by the company’s ambitious forward guidance.

    President and CEO Aydin Kilic has confirmed HIVE’s expectation of reaching a total hashrate of 25 EH/s by US Thanksgiving, a significant jump from its current peak of 21.7 EH/s.

    He also noted a projected fleet efficiency of 17.5 joules/terahash, a key metric in a competitive market.

    With all of the necessary ASIC mining machines for the Paraguay expansion already shipped, the path to this next phase of growth appears clear.

    For HIVE, the Paraguayan gambit is paying off, and the market has taken notice.

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  • NEAR price surges 9% as AI developments boost ecosystem

    NEAR price surges 9% as AI developments boost ecosystem

    • NEAR surged more than 9% as bulls rode the latest artificial intelligence-related sentiment.
    • The Nvidia and OpenAI partnership and $100 billion investment are a huge boost to ecosystem confidence.
    • Short term, NEAR price could target a 200% rally to above $8.20

    NEAR Protocol price has jumped 9% in the past 24 hours as artificial intelligence-related developments buoy investor sentiment.

    As tokens such as AI Companions exploded, NEAR’s price climbed by more than 9% to highs of $3.15.

    The surge reflected a sharp bounce from its intraday lows, with heightened enthusiasm amid AI-centric optimism. Gains see NEAR price buck the trend that had the crypto market reeling from a $1.7 billion wipe out amid sharp losses.

    Near Protocol price bounces amid major AI news

    The NEAR Protocol token experienced a robust 9% surge on September 23, 2025, rebounding from recent volatility and trading at $3.15 by midday, according to data from major exchanges.

    NEAR’s price uptick follows a period of consolidation, with the token dipping below $2.90 earlier in the week amid broader crypto market pressure.

    Also notable is the spike in trading volume, which was up by more than 25% to $370 million as investor confidence in NEAR rose.

    At the heart of this momentum is NEAR’s strategic positioning as “the blockchain for AI,” a narrative reinforced by recent ecosystem advancements.

    Just days prior, on September 16, NEAR announced a pivotal integration with the Allora Network, enhancing its Shade Agent infrastructure with predictive AI capabilities.

    This collaboration introduces four AI engineering competitions focused on price prediction challenges across major blockchains, including NEAR, Solana, Bitcoin, and Ethereum.

    By enabling autonomous bots to interact seamlessly with multiple chains while preserving data privacy, Shade Agents exemplify NEAR’s vision of serving as the “execution layer for the AI economy.”

    These developments have propelled the combined market capitalization of AI-related tokens to over $34 billion.

    Developers and capital are reflowing into top AI-related projects and NEAR’s scalable, sharded architecture gives it an upper hand.

    Nvidia’s $100 billion bet on OpenAI

    Compounding this excitement is the seismic announcement from industry giants OpenAI and Nvidia on September 22, 2025, which has sent ripples through the AI and crypto sectors.

    Nvidia revealed plans to invest up to $100 billion in OpenAI to deploy at least 10 gigawatts of AI data centers powered by millions of its GPUs, marking what executives described as the “biggest AI infrastructure deployment in history.”

    The first gigawatt is slated for rollout in late 2026 using Nvidia’s Vera Rubin platform, with the partnership aiming to accelerate OpenAI’s pursuit of superintelligent systems.

    OpenAI CEO Sam Altman highlighted its role in scaling compute for agentic AI and multimodal applications.

    Notably, OpenAI and NVIDIA’s landmark collaboration not only boosted Nvidia’s stock by nearly 4%, adding $170 billion to its market cap, but also amplified the AI supercycle.

    NEAR, riding the sentiment, is up 9% in the past 24 hours and now stands over 16% in the past week.

    Near price forecast

    With AI momentum ticking even higher, analysts project a bullish trajectory for crypto tokens within the ecosystem. Projects like Worldcoin, Bittensor and Render are recording significant network growth, and among these stands NEAR Protocol.

    NEAR price chart by TradingView

    Past bullish flips have seen most tokens at the intersection of AI and blockchain technology bursting into life.

    In 2025 and beyond, Near Protocol claims to be one of the top platforms. Fueled by its AI integrations, developer adoption, and macroeconomic tailwinds like the Federal Reserve’s recent rate cut, price has hovered at key levels.

    Short-term, network growth metrics and technical strength are key. The daily chart above suggests NEAR could successfully retest resistance at $3.50 and target highs of $4.00 and then $8.20 for a 200% rally.

    On the downside, support is likely around $2.30 and $1.89.

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  • Bitcoin leads rally amid Fed rate cut hopes, major ETFs boost crypto outlook

    Bitcoin leads rally amid Fed rate cut hopes, major ETFs boost crypto outlook

    Crypto Wrap: Bitcoin rallies over 4%, fueled by hopes of a Fed rate cut.

    • Bitcoin rallies over 4%, fueled by hopes of a Fed rate cut.
    • Solana, Dogecoin, and XRP gain momentum on upgrades and ETF excitement.
    • Token unlocks and Fed easing are set to reshape crypto markets this quarter.

    Crypto markets woke up on Wednesday with a spring in their step, charging higher as investors braced for a major central bank event.

    Bitcoin set the pace, rallying over 4% to clear the $116,000 mark, fueled in large part by growing bets that the US Federal Reserve is finally ready to deliver an interest rate cut on Wednesday.

    As rate-cut speculation took center stage, Bitcoin’s market cap soared to well over $2 trillion, cementing the number-one crypto’s dominance after weeks of volatile swings.

    Markets eye Fed-driven breakout

    Ethereum, the world’s top smart-contract platform, held strong above the $4,500 threshold. Investors have been piling into ETH on prospects for a supply squeeze, as well as ongoing accumulation by institutional players positioning ahead of the Fed’s meeting.

    Traders argued that a successful breakout above the stubborn $4,800 technical resistance could spark a new phase of risk-on flows across crypto, especially if macro conditions cooperate in the coming weeks.

    Solana added even more energy to the rally, gliding near $240, as a string of protocol upgrades and surging developer momentum fueled optimism about the network’s long-term prospects.

    Major exchanges reported large spot inflows, and Solana’s rapid-fire transaction speeds kept it in the conversation as a serious contender among the leading altcoins.

    Meme-friendly Dogecoin, ever the wild card, hovered around $0.27, down slightly on the day, but still up more than 100% from a year ago.

    Increased social activity and new integrations have helped Dogecoin keep its playful reputation, as trade volumes remain lively whenever the broader market shifts.

    Meanwhile, XRP is holding just under $3, stuck in a tight range as markets anxiously anticipate the launch of the first US spot XRP ETF on September 18.

    Speculation around the ETF’s potential inflows and its possible effect on price has helped XRP stay in focus despite the broader sector’s roller-coaster action.

    Technical watchers say a rally through $3.18 could unleash a new round of bullish momentum for Ripple’s token.

    Crypto industry poised for Q4 shakeup

    It isn’t just price charts and volatility levels dictating sentiment this week: all eyes remain locked on Washington as the US Federal Reserve kicks off its most consequential policy meeting in recent memory.

    With inflation trending lower and unemployment ticking up, markets broadly expect Fed Chair Jerome Powell to announce a 25 basis point rate cut, the first since 2020.

    For crypto, where high-growth bets are directly tied to easier money, the Fed’s pivot could drive a decisive shift in market psychology.

    “Fed easing typically gives permission for the crypto rally to keep going,” said one strategist.

    Many in the industry expect fresh liquidity to spark increased inflows, particularly into blue-chip tokens like Bitcoin and Ethereum, and may even encourage more institutional adoption as risk appetite returns.

    Away from the Fed drama, September is seeing a tidal wave of token unlocks, as over $4.5 billion in coins come into circulation across high-profile projects like Sui, Aptos, Ethena, and Arbitrum.

    While some worry about the impact of new supply, others view it as a crucial stress test for market depth and investor demand.

    Finally, excitement around the pending debut of the first US-based spot XRP ETF may mark a turning point for altcoins.

    If the ETF attracts robust inflows, along the lines of Bitcoin and Ethereum ETFs launched earlier this year, it could shift the narrative and trigger sustained price rallies in the sector.

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  • Bitcoin rises above $107K as Trump’s fiscal policy comments boost hard assets

    Bitcoin rises above $107K as Trump’s fiscal policy comments boost hard assets

    Bitcoin rises above $107K as Trump's fiscal policy comments boost hard assets

    • Bitcoin traded above $107K Sunday as focus turned to U.S. fiscal policy and Trump’s “Big Beautiful Bill.”
    • Trump urged “cost cutting Republicans” not to “go too crazy,” promising growth will “make it all up.”
    • Expectations of sustained deficits and loose fiscal policy are bolstering the bull case for hard assets like BTC and gold.

    Bitcoin traded steadily above the $107,000 mark on Sunday, with market attention increasingly focused on fiscal policy tensions brewing in Washington.

    A recent social media post from President Donald Trump, aimed at quelling dissent within his own party over a massive tax-and-spending package, has inadvertently bolstered the bullish case for assets like Bitcoin and gold, which are often seen as hedges against fiscal profligacy.

    The latest market movements come as Bitcoin was changing hands at $107,937 as of 22:22 UTC on Sunday, up 0.54% over the past 24 hours.

    Price action remained volatile, with the cryptocurrency fluctuating between $107,194 and $108,489 during that window, according to CoinDesk Research’s technical analysis model.

    The focus shifted to US fiscal policy following a pointed message from President Trump on his Truth Social platform on June 29, 2025.

    Addressing Republican lawmakers amid a fierce internal debate over his sweeping legislative package, Trump wrote:

    For all cost cutting Republicans, of which I am one, REMEMBER, you still have to get reelected. Don’t go too crazy! We will make it all up, times 10, with GROWTH, more than ever before.

    This statement lays bare the deep divisions within the Republican party as it struggles to unify behind the ambitious legislation, which has been dubbed the “One Big Beautiful Bill.”

    The bill itself, exceeding 900 pages, is a complex mix of fiscal measures.

    It combines approximately $3.8 trillion in tax cuts with targeted spending reductions and increased funding for defense and border security.

    A key component is the aim to make permanent many of the tax breaks from Trump’s 2017 Tax Cuts and Jobs Act, including the elimination of taxes on tips, overtime pay, and certain auto loans.

    The child tax credit would also rise to $2,200 under the Senate version, while deductions for seniors would be temporarily increased.

    To offset the cost of these tax cuts, however, Republicans have proposed significant cuts to Medicaid and nutrition programs, a move that has sparked intense debate within the party.

    Navigating a political tightrope

    The path to passing the bill is fraught with political challenges.

    Moderate Republicans, particularly those from high-tax states, are pushing for a higher cap on state and local tax (SALT) deductions.

    In contrast, conservative factions are demanding deeper and more extensive spending cuts, with a particular focus on Medicaid.

    These internal disagreements are complicating efforts to secure the narrow Republican majorities needed in both the House and the Senate to pass the legislation, which faces uniform opposition from Democrats, who argue it disproportionately favors the wealthy and will worsen economic inequality.

    President Trump’s social media message appears to be an attempt to walk this political tightrope.

    He is urging a degree of fiscal restraint to appease conservatives while simultaneously emphasizing a supply-side economic argument: that robust economic growth will ultimately compensate for near-term revenue losses and help reduce deficits over time.

    This “growth will make it all up” approach comes as nonpartisan analysts estimate the bill could add trillions of dollars to the already substantial $36.2 trillion national debt.

    A bullish signal for Bitcoin and gold?

    This fiscal backdrop is being closely watched by market participants, with some interpreting it as a strong signal for holding hard assets.

    Crypto analyst Will Clemente’s reaction on the social media platform X (formerly Twitter), posted shortly after Trump’s message, captured a common sentiment among those skeptical of current fiscal policies:

    How can you read this and hold long term US treasuries at current yields lol… Also, how can you read this and not hold any Bitcoin or gold.

    Clemente’s skepticism towards long-term US Treasuries reflects a growing concern that the bill’s deficit-financed tax cuts and relatively modest spending reductions signal a loose fiscal policy that could fuel inflation and devalue the currency over time.

    In such a scenario, traditional fixed-income assets like Treasuries can become less attractive, as rising deficits and potential monetary accommodation (to finance the debt) threaten to erode the value of both principal and interest payments.

    Conversely, hard assets with limited supply, such as gold and Bitcoin, are increasingly viewed as reliable stores of value and effective hedges against inflation and fiscal irresponsibility.

    The expectation of sustained, large deficits and the clear political challenges to implementing meaningful fiscal discipline are bolstering the demand for these inflation-resistant assets.

    As the Senate races to finalize the bill before the July 4 holiday, the ongoing negotiations and the ultimate fate of this consequential fiscal package will continue to be a key driver of market sentiment.
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  • XRP up, Bitcoin Pepe eyes 300% on Fed boost

    XRP up, Bitcoin Pepe eyes 300% on Fed boost

    XRP price jumps on Bitcoin breakout and Fed pause as Bitcoin Pepe eyes 300% gains

    • XRP price is rising following Bitcoin’s breakout past $100K, with the SEC settlement boosting the outlook.
    • Bitcoin Pepe combines Bitcoin’s security with Solana’s speed for meme trading.
    • Bitcoin Pepe’s presale offers up to 300% gains for early participants.

    The cryptocurrency market is buzzing with excitement due to Bitcoin’s recent breakout above $100,000 and the Federal Reserve’s decision to pause interest rate hikes, which has paved the way for altcoins like XRP to see significant price jumps.

    At the same time, a new project, Bitcoin Pepe, is capturing attention with its potential for up to 300% gains as it nears its launch.

    XRP price soars as Bitcoin breaks out above 100,000

    XRP, the native token of the Ripple network, has seen its price soar by over 6% in just the past 24 hours.

    This rally is fueled by Bitcoin’s climb past the $100,000 mark, lifting the broader altcoin market as the Federal Reserve’s pause on interest rate hikes also boosts investor confidence in risk assets like cryptocurrencies.

    Another major catalyst for XRP is the news of a potential settlement in the SEC’s lawsuit against Ripple Labs.

    The SEC’s proposed $50 million settlement is a fraction of the original $2 billion demand, signalling a positive turn for XRP.

    These developments have played a vital role in pushing XRP’s price past a critical resistance level at $2.26.

    The trading volume has also spiked, reflecting strong buying interest and market support for the current upward trend.

    With the SEC case nearing resolution and a bullish crypto market, XRP’s outlook is increasingly optimistic.

    Crypto analyst Ali Martinez predicts that a close above this level could send XRP toward $2.6.

    Bitcoin pepe eyes 300% gains as Presale gains momentum

    As XRP positions itself for what could be a major Bull Run, Bitcoin Pepe, a new layer 2 solution on the Bitcoin network, is generating hype with its bold vision.

    Bitcoin Pepe aims to merge Solana’s speed and low fees with Bitcoin’s unmatched security and permanence.

    This fusion could transform meme coin trading and draw huge interest to the Bitcoin ecosystem.

    Bitcoin Pepe introduces a new token standard referred to as the PEP-20 token standard, which aims to allow anyone to create assets natively on Bitcoin, sparking potential for a meme coin boom.

    Bitcoin Pepe is currently in its presale phase, and it has already raised over $7.7 million, showing strong investor enthusiasm.

    Structured in 30 stages, each presale stage increases the token price by 5%, rewarding early buyers.

    Those who bought in at $0.021 in the first stage could see over 300% gains by the time of launch, which is anticipated to happen in Q2 2025.

    While the price has climbed by 47.61% to the current price of $0.031, investors can still capitalise on the rising presale prices in the remaining presale stages.

    Post-presale, Bitcoin Pepe is poised to become the go-to platform for Bitcoin-based meme trading, which could propel the price of the BPEP token even higher.

    Also, once the Bitcoin Pepe platform officially launches, it will feature a staking program with staking pools offering token holders passive income of up to 10,000% APY.

    With Bitcoin’s breakout and the Fed’s stance fueling altcoin interest, Bitcoin Pepe is poised for big potential gains post-listing, offering a fresh, high-growth opportunity in the evolving crypto landscape.

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  • Metaplanet issues $24.8M in bonds to boost Bitcoin holdings past 5,000 BTC

    Metaplanet issues $24.8M in bonds to boost Bitcoin holdings past 5,000 BTC

    • The funds raised will be specifically allocated for further Bitcoin purchases.
    • The bonds were sold in full to EVO FUND.
    • The bonds offer investors the potential for early repayment if certain conditions are met.

    Tokyo-based Metaplanet is taking steps to expand its cryptocurrency portfolio by issuing ¥3.6 billion (approximately $24.8 million) in bonds to fund the acquisition of more Bitcoin (BTC).

    This move comes as the Japanese hotel firm’s Bitcoin holdings surpass the 5,000 BTC mark.

    The bonds, which carry no interest, are set to be redeemed at their par value on October 31, 2025, or earlier, if the bondholder requests repayment.

    The funds raised will be specifically allocated for further Bitcoin purchases, continuing the company’s earlier strategy to increase its digital asset investments.

    The bonds were sold in full to EVO FUND, a move Metaplanet hopes will help support its growing Bitcoin strategy.

    While the bonds carry no interest, they offer investors the potential for early repayment if certain conditions are met.

    Specifically, Metaplanet plans to use capital raised through stock acquisition rights to redeem the bonds.

    This means the company’s ability to repay the bonds hinges on the demand for its equity-linked instruments, highlighting a potential reliance on investor sentiment and market conditions.

    Metaplanet’s recent bond issuance underscores the growing trend of companies integrating Bitcoin into their financial strategies.

    With cryptocurrency markets gaining momentum, the company’s move aligns with the broader trend of corporate adoption of digital assets as a store of value.

    As Metaplanet’s share price recently rose by 8.6%, investors are keeping a close eye on how the company’s Bitcoin purchases will impact its financial performance in the coming years.

    In an era where digital currencies are becoming more mainstream, Metaplanet’s decision to use bonds for Bitcoin acquisition marks a noteworthy step toward integrating cryptocurrency into corporate balance sheets.

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  • Metaplanet wants to boost its Bitcoin holdings to 10,000 in 2025

    Metaplanet wants to boost its Bitcoin holdings to 10,000 in 2025

    Metaplanet loads more bitcoins with 42,466 BTC purchase
    • Metaplanet started buying Bitcoin in May 2024 as a strategic treasury reserve
    • The Tokyo-listed company currently holds 1,761.98 Bitcoin
    • It saw its Bitcoin yield reach 310% between October 1, 2024 to December 23, 2024 compared to 41% between July 1, 2024 to September 2024

    Metaplanet is on a mission to boost its Bitcoin holdings to 10,000 in 2025 while leveraging its partnerships to boost Bitcoin adoption worldwide.

    In a post on X, Simon Gerovich, CEO of Metaplanet, said that the Tokyo-listed company is aiming to “expand our Bitcoin holdings to 10,000 BTC by utilizing the most accretive capital market tools available to us.”

    Reflecting on its 2024 performance, Gerovich highlighted that the company “broke records, expanded our Bitcoin treasury, and reinforced our position as Asia’s leading Bitcoin treasury company.”

    Purchasing Bitcoin

    Since May 2024, Metaplanet has been acquiring Bitcoin at a steady rate as a strategic treasury reserve. In June, it purchased $6.2 million worth of Bitcoin. This was followed by a $2.5 million purchase in July, a $7 million Bitcoin purchase in October, and an additional $11.7 million in November.

    Its latest Bitcoin purchase was in late December totaling 620 Bitcoin for $60 million. To date, Metaplanet currently holds 1,761.98. In comparison, MicroStrategy holds 447,470 Bitcoin with its most recent purchase of $101 million taking place at the end of December 2024.

    According to a December 23 notice from Metaplanet, it saw its Bitcoin yield reach nearly 310% between October 1, 2024 to December 23, 2024. This is compared to a 41% Bitcoin yield reached between July 1, 2024 to September 30, 2024.

    On top of building its Bitcoin holdings, Gerovich added on X, among other things, that Metaplanet is focusing on building partnerships to “advance Bitcoin adoption in Japan and globally” while exploring “innovative opportunities to grow Metaplanet’s impact in Japan and the Bitcoin ecosystem.”

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  • DeFi’s TVL reaches $100B with Bitcoin boost, high expectations for Cardano’s AI competitor

    DeFi’s TVL reaches $100B with Bitcoin boost, high expectations for Cardano’s AI competitor

    It’s just three months into 2024 and it’s still raining records in the crypto sector. The latest one came on March 9, 2024, after the global value of DeFi protocols crossed $100 billion as the rising demand for Bitcoin (BTC) fueled interest in top cryptos to invest in. 

    Bitcoin has been growing impressively since the launch of BTC ETFs in the US after a landmark decision from the country’s regulators.

    There’s reason to cheer in the altcoin space too. Altcoin holders are in good spirits after InQubeta (QUBE) recently made waves with its positive price action. 

    The QUBE token has left analysts impressed with its presale gains. With its cryptocurrency ICO raising more than $11.9 million so far, some investors see it as a potential competitor for Cardano (ADA). 

    InQubeta: helping AI startups rise higher

    InQubeta is a crypto-based crowdfunding platform for AI projects. The Ethereum-powered platform connects AI innovators with a community of investors, mentors, and financial experts, and helps them scale their business.  

    People can participate in the process by purchasing its QUBE token and buying NFTs that represent the projects. Once the transaction is processed, the funds are transferred to the startup and the buyer gets to own a share in the former’s equity. 

    Besides fundraising, InQubeta helps startups scale their projects through mentorship and marketing support. The platform connects innovators with an extensive network of professionals. Some of these professionals include veterans who come with years of experience and can guide startups through the challenges of the AI industry. 

    The vibrant community can also help them with brand strategy and marketing their projects. To maintain a distinctive brand presence, startups can leverage InQubeta’s social media channels. 

    Rated as one of the best altcoins for 2023, the QUBE token has to thank its deflationary model for its popularity. The model contracts the token supply when the markets are in red. 

    The reduced supply allows the price to stay stable and demand to rise. The advantage helps the token retain its audience and even draw more crypto users. If there is any increase in token supply during such a time, it’s checked by burning the additional tokens. 

    The InQubeta team has created an ambitious roadmap for the platform and its longevity. As per the plan, several new initiatives in store will enhance the platform’s brand presence. 

    The first among such initiatives is a staking dApp for crypto users that will also boost blockchain growth. The team is also looking to get the QUBE token listed on a centralized exchange so that more people can explore its USPs. 

     

    Bitcoin has become eighth most valuable asset in the world

    Bitcoin is a top-notch cryptocurrency that supports high-speed and secure online transactions. As investing in BTC ETFs reaches new highs, its native token BTC has become among the highest-grossing assets globally.

    The BTC token’s growth has helped the crypto market attract more people. In March, the global value of DeFi protocols reached $100 billion due to a Bitcoin-led rally.

    In a related development, Bitcoin’s market capitalization reached $1.42 trillion, making it the eighth most valuable asset globally.

    Cardano to partner with Dubai police

    Cardano is a public blockchain that’s powered by the Ouroboros protocol. The evidence-based methodology behind the protocol gives Cardano leverage over new altcoins. The open-source platform supports seamless dApp deployment with its scalability. Its native token is ADA and it’s used for various transactional purposes on the blockchain. 

    It recently unveiled its ‘SuperNode’ feature that aims to ramp up smart contracts operations through a more efficient and scalable ecosystem. 

    The blockchain has been in the news due to its collaboration with the Dubai police. According to reports, the Dubai police department will be joining hands with the Cardano Foundation to leverage blockchain to improve its data security measures. 

    Conclusion

    Apart from driving financial inclusion, Bitcoin, InQubeta, and Cardano have emerged as popular options for increasing generational wealth. With their sustained growth, these tokens are fast outperforming other asset categories and analysts are recommending them for long-term holdings.

    The uptick in these coins’ popularity comes after a slew of new initiatives that have expanded their scope. For Bitcoin, the ETF mania unlocked a major growth surge. In the case of Cardano, its lightweight consensus and collaborations have bolstered its market presence. 

    Meanwhile, InQubeta has been riding high after its AI-centric platform and presale success took the world by storm.

    These tokens sport cutting-edge security frameworks and consensus protocols that boost investors’ confidence in their potential.

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