Author: Andrei Ionescu
Tokyo-listed Metaplanet has announced plans to accumulate 21,000 Bitcoin (BTC) by the end of 2026, marking one of the largest corporate Bitcoin acquisitions in Asia. The initiative, dubbed the “21 Million Plan,” involves the issuance of 21 million shares via moving strike warrants to raise approximately 116.65 billion yen ($740 million). The company aims to accumulate 10,000 BTC by the end of 2025 and 21,000 BTC by 2026, positioning itself as one of the world’s largest corporate holders of Bitcoin. A Bold Treasury Strategy Metaplanet currently holds over $180 million in assets and has adopted a Bitcoin-first treasury approach. Unlike…
Governor Ales Michl to Present Bitcoin Investment Plan to Board The Czech National Bank (CNB) is considering adding Bitcoin (BTC) to its reserves as part of a diversification strategy, according to an interview with Financial Times (FT). Governor Ales Michl will present the proposal to the bank’s board on Thursday, which, if approved, could see the central bank allocate 5% of its $146.13 billion reserves to the world’s largest cryptocurrency. Bitcoin as a Diversification Tool “For the diversification of our assets, Bitcoin seems good,” Michl said, as quoted by FT and Reuters. He noted the growing institutional interest in Bitcoin,…
Bitcoin (BTC) options on the Chicago Mercantile Exchange (CME) have reached their most bullish levels since the November 2024 U.S. presidential election, signaling growing optimism among traders. Renewed inflows into Bitcoin exchange-traded funds (ETFs) are further fueling expectations of new price highs for the world’s largest cryptocurrency. Bullish Options Activity On Tuesday, CME’s bitcoin options market showed heightened bullish sentiment, with traders flocking to purchase call options—derivatives offering the potential for asymmetric upside exposure. The 30-day topside skew, a measure of the difference in implied volatility between calls and puts, hit 4.4%, its highest level since early November, according to…
Jupiter, a Solana-based decentralized exchange aggregator, is set to carry out its highly anticipated “Jupuary” airdrop later today, distributing nearly 700 million JUP tokens valued at $616 million to its community. Eligibility and Allocation Ahead of the airdrop, Jupiter released an eligibility checker, allowing users to confirm their status before claiming rewards. The token distribution targets two key groups: Annual Airdrop Tradition This is Jupiter’s second airdrop, following its inaugural distribution of nearly 1 billion JUP tokens last year. The platform plans to continue its airdrops annually every January through 2027. Jupiter’s Growing Ecosystem Jupiter currently has a circulating supply…
Binance has announced support for the upcoming token swap and rebranding of Litentry (LIT) to Heima (HEI), with several key changes to tokenomics and trading processes. Key Changes in Tokenomics Trading Timeline Deposits and Withdrawals After the rebranding, Binance will no longer support deposits or withdrawals of LIT tokens. Token Swap Details Advice for Users For further details and updates, users are encouraged to monitor Binance’s official announcements.
Ethereum’s native cryptocurrency, Ether (ETH), is falling behind rival tokens as President Donald Trump’s venture into the memecoin market has bolstered competing blockchains like Solana. The Ether-to-Bitcoin price ratio dropped to its lowest level since 2021 on Monday, while Bitcoin hit a record high of $109,241, according to Bloomberg data. Meanwhile, Solana’s native token reached new highs over the weekend, driven by frenzied trading of memecoins launched on its network. Trump Memecoins Spark Solana Surge The rally in Solana was fueled by two memecoins launched on its blockchain by Trump and First Lady Melania Trump in the lead-up to his…
Upbit, a leading global digital asset exchange, has announced the addition of VeThor Token (VTHO) to its trading platform. Users can now trade VTHO in both KRW and USDT markets, with trading set to begin on January 21, 2025, at the following times (UTC): Deposits for VTHO will be available within an hour of the announcement, with strict guidelines for ensuring compatibility with the VeChain blockchain network. Trading Restrictions at Launch To ensure a stable trading environment, Upbit will implement the following restrictions during the initial trading phase: Market Data for VTHO About VeThor Token (VTHO) VTHO is the gas…
The Trump family’s cryptocurrency venture, World Liberty, conducted a series of high-profile transactions today involving Wrapped Bitcoin (WBTC), Ethereum (ETH), and Tether (USDT), as reported on-chain. Key Transactions Using the decentralized Cow Protocol, the project executed the following: Following these swaps, 11,917.635 ETH (worth about $38.396 million) was transferred to Coinbase Prime, a platform tailored for institutional crypto trading and custody services. Significance of the Transactions The series of large-scale movements highlights significant activity from the Trump family’s crypto initiative, World Liberty. This could indicate strategic portfolio adjustments, potential fundraising efforts, or preparations for institutional-scale activities. Observers in the crypto…
Bitcoin spot exchange-traded funds (ETFs) experienced a total net outflow of $210 million, reflecting continued market volatility. Major Bitcoin ETFs, including GBTC, FBTC, and ARKB, saw significant outflows of $89.01 million, $113.6 million, and $92.36 million, respectively. The total net asset value (NAV) of Bitcoin spot ETFs now stands at $108.981 billion, underscoring the impact of these withdrawals. In contrast, Ethereum spot ETFs recorded a slight net inflow of $1.1527 million on the same day. The total NAV of Ethereum spot ETFs has reached $11.398 billion, with a historical cumulative net inflow of $2.414 billion, reflecting steady investor interest in…
The AI agent token market experienced a significant downturn over the past week, even as bitcoin (BTC) remained steady, trading around the $95,000 mark. The decline highlights volatility within the burgeoning AI-powered crypto niche and raises questions about the sustainability of recent hype. Key Declines in AI Tokens Market Trends and Context AI agent tokens gained traction in 2024 with innovations like Truth Terminal, an AI-powered framework integrated with crypto wallets and capable of witty engagement on social platforms like X (formerly Twitter). This inspired the launch of countless AI-themed tokens, pushing the aggregate market cap of AI agent tokens…