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Metaplanet, often called ‘Asia’s MicroStrategy,’ saw its stock price soar by 10% on Tuesday after announcing another big Bitcoin purchase. This is the company’s third Bitcoin buy in just seven weeks. Key Points New Bitcoin Purchase: Metaplanet bought 23.25 Bitcoin for almost $1.59 million. This brings their total Bitcoin holdings to 141.07 Bitcoin, worth over $9.6 million. Stock Price Increase: The stock price jumped 10.8% to $0.59 (92 Japanese yen) and then settled at $0.57 (89 Japanese yen) on the Tokyo Stock Exchange. Investment Details: Metaplanet’s average purchase price for Bitcoin is $65,365 (10,278,391 Japanese yen) per Bitcoin. Profit on…

This week’s Crypto Biz brings you the latest news in the cryptocurrency world, including ARK Invest’s recent decisions, key moves by major companies, and updates from Bitcoin miners. Here are the top stories: ARK Invest Withdraws Spot Ether ETF Bid ARK Invest, along with 21Shares, has decided to pull back its application for a spot Ether ETF. This move surprised many in the crypto community, as interest in Ethereum-based investment products is growing. While the exact reasons for the withdrawal are unclear, it shows the challenges and regulatory obstacles that come with launching new crypto financial products. Galaxy Digital’s Tokenized…

Bitcoin and Ether prices have stayed low following a sudden market drop earlier this week. According to data from Cointelegraph Markets Pro and TradingView, Bitcoin’s price has started to stabilize as we head into the weekend. Sudden Market Volatility Bitcoin, the largest cryptocurrency by market cap, experienced unexpected price swings due to confusing U.S. employment data released earlier this week. This data caused uncertainty among investors, leading to sharp and sudden movements in Bitcoin’s price. The employment figures were described as “schizophrenic,” reflecting the unpredictable nature of the data and its impact on the market. Impact on Altcoins The volatility…

Bitcoin’s current bull run looks set to continue, thanks to a record high in global liquidity. On June 5, Philip Swift, the creator of LookIntoBitcoin, shared new analysis showing global liquidity nearing an unprecedented $100 trillion. Record Global Liquidity Bitcoin and cryptocurrency markets are very sensitive to global liquidity trends. This year, conditions seem perfect for Bitcoin prices to rise. Swift’s analysis tracks the world’s M2 money supply and its impact on Bitcoin prices. The M2 money supply, in US dollar terms, has reached $94 trillion, a new high. This is $3 trillion more than when Bitcoin reached its all-time…

BNB Price Soars: What’s Driving Today’s Increase? Today, Binance cryptocurrency, BNB, has seen a significant increase in its price. On June 5, BNB reached a new record high of around $716, rising by 4.50% intraday and more than 14% in the last 24 hours. This performance is notable as BNB outperformed the broader crypto market, which grew by 3.5% in the same period. No Clear Fundamental Reason Interestingly, there isn’t a specific fundamental reason for BNB’s price surge compared to the rest of the crypto market. Instead, the increase appears to be driven by broader economic factors and technical indicators.…

Introduction: We’re excited to share some big news from RIGO Wallet — our web version is now available globally and it can be used in 10 different languages! This is a big step forward for us as we want everyone, no matter where they’re from, to be able to easily manage their money online. And guess what? We’re planning to add even more languages soon! Breaking Down Language Barriers: At RIGO Wallet, we believe that everyone should have access to our services, no matter what language they speak. With our web version now supporting 10 languages, you can use RIGO…

According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake. Source link

In today’s world of investing, Bitcoin has caught the attention of many with its potential for high returns. But for those interested in owning Bitcoin directly, it can be a bit of a headache. Setting up crypto wallets, dealing with unfamiliar exchanges, and worrying about cybersecurity can all be daunting. Enter the Bitcoin Exchange-Traded Fund (ETF). Bitcoin ETFs offer a simpler way to invest in Bitcoin without actually owning it yourself. Instead of dealing with all the technical stuff, you can buy and sell shares of the ETF through your regular brokerage account, just like you would with any other…

We are pleased to share a significant development from Trigo Blockchain: the introduction of our comprehensive TRG tokenomics strategy. This strategic initiative represents a pivotal step forward in our commitment to establishing a robust and sustainable decentralized finance (DeFi) ecosystem. Total Token Supply Breakdown: As part of our dedication to transparency and community engagement, we have meticulously divided the total token supply of TRG. This breakdown enhances our ability to adapt to evolving market dynamics while empowering stakeholders to actively participate in our ecosystem’s governance and growth. Multifaceted Utility: The segmented token supply structure grants TRG token holders access to…

Your Gateway to Global Crypto Management In a groundbreaking development for the world of cryptocurrency, RIGO WALLET has officially launched its cutting-edge crypto management platform worldwide. This momentous occasion comes after months of meticulous planning and tireless effort, marking a significant leap forward in the accessibility and usability of digital asset management. RIGO WALLET, far from being just another crypto wallet, represents a comprehensive solution designed to simplify and streamline every aspect of managing digital assets. With its array of features including multi-chain support, compatibility with various cryptocurrencies, and seamless exchange functionalities, RIGO WALLET stands as a beacon of convenience…