Author: dfmines

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Metaplanet ushers in the new year with a bullish sentiment on Bitcoin and blockchain technology. After announcing late last year that it had purchased ¥1 billion worth of Bitcoins, the Japanese company is making headlines again by announcing its plans to increase its holdings to 10,000 Bitcoins. Related Reading: Dogecoin To Hit $1? Expert Calls It A Realistic Goal For 2025 – Here’s Why Metaplanet’s decision to double down on the world’s top digital asset comes during favorable political and economic conditions, with analysts expecting that Bitcoin may hit $200k soon. Currently, Metaplanet boasts 1,762 Bitcoins, worth $173.4 million, and is one of the top companies following MicroStrategy’s Bitcoin investing playbook. CEO Announces Target Of 10k Bitcoins CEO Simon Gerovich shared the company’s latest investment plan in a New Year post for shareholders. In a Twitter/X post last January 5th, Gerovick acknowledged the company’s exceptional performance, where it expanded its Bitcoin holdings and solidified its standing as the region’s biggest holder of digital assets. In the lengthy message, he reiterated the company’s commitment to the asset and boosting shareholder value. Happy New Year to Our Valued Shareholders! As we step into 2025, I couldn’t be more excited about what lies ahead for Metaplanet. Last year was transformational, as we broke records, expanded our Bitcoin treasury, and reinforced our position as Asia’s leading Bitcoin Treasury… pic.twitter.com/K2HsOS8TaZ — Simon Gerovich (@gerovich) January 5, 2025 Gerovick announced at least four targets for Metaplanet this year. The company’s primary target is to expand its BTC holdings to 10k Bitcoin. In addition, Metaplanet also plans to boost transparency, leverage partnerships to promote Bitcoin adoption and explore other innovative opportunities that can grow the company’s influence in the Bitcoin and blockchain niche. Investing Plans Come At A Time Of Favorable Conditions The Japanese company’s aggressive moves into the crypto space come during favorable market conditions and better price prospects. Both Bitwise and VanEck predict that Bitcoin will trade anywhere from $180k to $200k this year. They believe that the top digital asset can trade at higher price points if the US government approves the plan to adopt the strategic digital asset reserve. Other analysts are offering bolder price predictions for Bitcoin and potentially better performance from altcoins thanks to a second Trump administration. According to Gerovich, if the US government pushes with the Bitcoin strategic reserves, then others can follow suit. Metaplanet’s CEO added that Japan is one of the first countries to follow, and other Asian countries will implement the same initiative. Related Reading: Galaxy Digital Reveals Bold Dogecoin Price Prediction For 2025 Starting A Movement In the same post, Gerovich describes the company’s initiative as a “movement” anchored on its commitment to excellence. He then teases his followers, saying that 2025 will be another breakout year for Metaplanet in terms of innovation, progress, and success. Metaplanet’s Bitcoin holdings are currently the biggest in Asia and 15th among global public companies. The company first started investing in Bitcoin last year, as Bitcoin surged considerably due to increased institutional adoption. Featured image from Pixabay, chart from TradingView

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Coinshares’ asset management report showed that net inflows into global crypto funds reached a record $44.2 billion in 2024. Crypto Funds Shatter Record for Yearly Net Inflows Digital crypto investment products recorded a staggering $44.2 billion in net inflows in 2024. According to the latest Coinshares analysis by head of research, James Butterfill, the record […]

Crypto markets are poised for a dynamic start to the new year, with a series of pivotal events set to reshape sentiment and trading volumes. From macroeconomic decisions by the Federal Reserve to protocol updates and legal proceedings, here are the key developments demanding close attention from investors: #1 Crypto Awaits The FOMC Minutes Release (January 8) On Wednesday, the minutes from December’s Federal Open Market Committee (FOMC) meeting are scheduled for release, offering insights into policymakers’ deliberations and possible hints at upcoming rate decisions. The minutes will shed light on the Federal Reserve’s latest approach to controlling inflation while supporting economic stability. Related Reading: Crypto Trader Nets $17 Million From AI Coins: Here’s What He’s Buying Now The Fed cut US interest rates three consecutive times after a heated debate in late 2024, though it reduced its forecast for total annual rate cuts this year from four down to two. Investors also recall Fed Chair Jerome Powell’s statement that “the decision to cut rates was a close call.” This underscores the importance of the forthcoming minutes for anyone looking to gauge how hawkish or dovish the central bank may become throughout 2025. #2 THORChain’s Base Integration Cross-chain liquidity platform THORChain has confirmed it will begin supporting Base—currently the largest Layer 2 by volume—next week. According to THORChain’s development updates, this integration enables more efficient ETH-BTC swaps by circumventing Ethereum’s mainnet congestion and unlocking new liquidity avenues through cbBTC. Market observers anticipate a notable uptick in trading volume as the community takes advantage of cheaper ETH-BTC swaps and expanded cross-chain capabilities. #3 Jupiter’s Airdrop Checker Jupiter, a leading Solana-based decentralized exchange (DEX) aggregator is expected to release its airdrop eligibility checker this week. This event is part of “Jupuary,” a multi-year airdrop initiative slated for January 2025 and 2026, during which the protocol will distribute a total of $700 million worth of JUP tokens to its user base. The project has declared that this airdrop aims to “grow the pie,” broadening the Jupiter community and boosting participation in one of the world’s most significant decentralized autonomous organizations. Additionally, Jupiter’s Castanbul conference in late January will feature the live burning of 30% of the token’s supply. Related Reading: Altcoins Surge As Crypto Market Kicks Off 2025 On A High Note #4 USUAL Fee Switch Activation (January 7) In the decentralized finance (DeFi) arena, the USUAL ecosystem is set to activate its fee switch on January 7, 2025. This marks a pivotal transformation: holders of USUAL who stake their tokens will start receiving a share of the protocol’s revenue. By directly rewarding stakers with transaction fees, the protocol hopes to foster a more robust and participatory user base. #5 Do Kwon’s Second US Hearing (January 8) Terra founder Do Kwon faces a critical juncture in his legal battle with US authorities, with his second hearing scheduled for January 8. Having been extradited to the United States, Kwon now faces a maximum penalty of 130 years in prison if convicted on the extensive fraud charges detailed in the Department of Justice’s 79-page indictment. The DOJ’s case adds new layers of allegations beyond those examined in the SEC’s civil proceedings, including accusations that Kwon acted with explicit criminal intent to mislead investors. As prosecutors build their argument around five alleged fraud schemes, among others, falsely advertising Terra’s stability, manipulating the Luna Foundation Guard and falsifying Terra’s use by Chai. #6 GMX Trading Fees Reduction (January 6) Derivatives-focused exchange GMX is taking a notable step to encourage higher trading volumes by lowering fees across all markets. Effective January 6, 2025, GMX will cut open and close fees from 5 basis points (bps) and 7 bps to 4 bps and 6 bps, respectively. The team stated via X: “To kick off 2025 in style, GMX is reducing trading fees across all markets! Starting this Monday, January 6, the open and close fees for all positions will decrease from 5 bps / 7 bps to 4 bps / 6 bps.” However, rather than a blanket rate of 4.5 bps, the new structure introduces a sliding scale: traders who enter positions that improve the balance between longs and shorts pay the lower 4 bps fee, while those that heighten imbalances pay 6 bps. According to GMX, “This adjustment ensures balanced open interest, which in turn keeps funding fees and price impact low.” Simultaneously, GMX has updated liquidation fees to 20 bps for asset-backed markets and 30 bps for synthetic markets. GMX developers believe that, together, these measures will reduce trading costs, incentivize balanced market participation, and enhance the overall user experience. At press time, the total crypto market cap stood at $3.45 trillion. Featured image created with DALL.E, chart from TradingView.com

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A Bloomberg report was the first to disclose that Gemini Trust Co., a cryptocurrency exchange established by Cameron and Tyler Winklevoss, has consented to a $5 million settlement to address allegations levied by the Commodity Futures Trading Commission (CFTC). The settlement quells accusations that Gemini disseminated deceptive information to regulatory bodies. Gemini Avoids Trial in […]