[BTC holds above $82K despite surge in 'Black Monday' fears]
Crypto market fears of a sharp sell-off intensified ahead of Oct. 19, the 39th anniversary of the 1987 U.S. stock market crash, but Bitcoin still climbed, according to crypto analytics firm Santiment.
Santiment said social media mentions of "Black Monday" rose to 176 on Oct. 18, up from a daily average of under two over the previous 60 days. Despite the uneasy sentiment, BTC closed at around $82,000 on Oct. 18, up nearly 1% from yesterday. Mentions tied to a crash also increased to 105 that day, although they remained within the range seen over the past 90 days.
Santiment added that a similar rise in "Black Monday" mentions on Sept. 14 was followed by a roughly 3% drop in BTC the next day. Even so, the firm said price action this fall has been inconsistent, making it difficult to conclude social media negativity will translate into an actual decline.
https://coinness.com/en/news/1172206
Crypto market fears of a sharp sell-off intensified ahead of Oct. 19, the 39th anniversary of the 1987 U.S. stock market crash, but Bitcoin still climbed, according to crypto analytics firm Santiment.
Santiment said social media mentions of "Black Monday" rose to 176 on Oct. 18, up from a daily average of under two over the previous 60 days. Despite the uneasy sentiment, BTC closed at around $82,000 on Oct. 18, up nearly 1% from yesterday. Mentions tied to a crash also increased to 105 that day, although they remained within the range seen over the past 90 days.
Santiment added that a similar rise in "Black Monday" mentions on Sept. 14 was followed by a roughly 3% drop in BTC the next day. Even so, the firm said price action this fall has been inconsistent, making it difficult to conclude social media negativity will translate into an actual decline.
https://coinness.com/en/news/1172206
CoinNess
BTC holds above $82K despite surge in 'Black Monday' fears - CoinNess
Crypto market fears of a sharp sell-off intensified ahead of Oct. 19, the 39th anniversary of the 1987 U.S. stock market crash, but Bitcoin still climbed, accor...
[USDG-based Morpho vault deposits on Arbitrum top $40M]
Total deposits across two Global Dollar (USDG)-based Morpho vaults operating on the Arbitrum network have surpassed $40 million, according to on-chain analyst Tom Wan. Borrowed funds backed by syrupUSDG now stand at $35 million, with most of that capital being used for leveraged strategies through repeated borrowing and redepositing. The current borrowing rate is around 2.7%.
https://coinness.com/en/news/1172207
Total deposits across two Global Dollar (USDG)-based Morpho vaults operating on the Arbitrum network have surpassed $40 million, according to on-chain analyst Tom Wan. Borrowed funds backed by syrupUSDG now stand at $35 million, with most of that capital being used for leveraged strategies through repeated borrowing and redepositing. The current borrowing rate is around 2.7%.
https://coinness.com/en/news/1172207
CoinNess
USDG-based Morpho vault deposits on Arbitrum top $40M - CoinNess
Total deposits across two Global Dollar (USDG)-based Morpho vaults operating on the Arbitrum network have surpassed $40 million, according to on-chain analyst T...
[Bitcoin recovery remains fragile as spot demand, whale holdings weaken]
Signals pointing to a Bitcoin bottom remain in place, but it is too early to expect a sustained uptrend as spot demand has weakened again and holdings among the largest whale investors have declined, CryptoQuant contributor Xwin Research Japan said.
Xwin Research Japan said exchange-held BTC rose slightly to 2.68 million from about 2.67 million in early October. While that remains below January levels, the data suggests it is difficult to say the decline in exchange supply is still continuing. Spot demand has also shown an unstable pattern, with 30-day spot demand recently nearing zero before turning negative again, while demand in the perpetual futures market has been supporting overall demand.
The contributor added whale accumulation trends were mixed. Investors holding 100 to 1,000 BTC have maintained net accumulation over the past 60 days, but the scale remains below late-September levels. Net declines in holdings among whales with 1,000 to 10,000 BTC have gradually narrowed, but holdings among whales with more than 10,000 BTC continue to trend lower on a net basis. For a full-fledged recovery, spot demand needs to rise consistently and buying interest needs to emerge to absorb BTC flowing onto exchanges, according to the analysis.
https://coinness.com/en/news/1172208
Signals pointing to a Bitcoin bottom remain in place, but it is too early to expect a sustained uptrend as spot demand has weakened again and holdings among the largest whale investors have declined, CryptoQuant contributor Xwin Research Japan said.
Xwin Research Japan said exchange-held BTC rose slightly to 2.68 million from about 2.67 million in early October. While that remains below January levels, the data suggests it is difficult to say the decline in exchange supply is still continuing. Spot demand has also shown an unstable pattern, with 30-day spot demand recently nearing zero before turning negative again, while demand in the perpetual futures market has been supporting overall demand.
The contributor added whale accumulation trends were mixed. Investors holding 100 to 1,000 BTC have maintained net accumulation over the past 60 days, but the scale remains below late-September levels. Net declines in holdings among whales with 1,000 to 10,000 BTC have gradually narrowed, but holdings among whales with more than 10,000 BTC continue to trend lower on a net basis. For a full-fledged recovery, spot demand needs to rise consistently and buying interest needs to emerge to absorb BTC flowing onto exchanges, according to the analysis.
https://coinness.com/en/news/1172208
CoinNess
Bitcoin recovery remains fragile as spot demand, whale holdings weaken - CoinNess
Signals pointing to a Bitcoin bottom remain in place, but it is too early to expect a sustained uptrend as spot demand has weakened again and holdings among the...
[New wallet liquidates 8,163 ETH short position within a day]
A newly created wallet less than 24 hours old saw a total of 8,163 ETH liquidated through multiple liquidations over the past 10 hours, according to Lookonchain. The wallet had built a 25x short position of 13,826 ETH earlier today.
https://coinness.com/en/news/1172209
A newly created wallet less than 24 hours old saw a total of 8,163 ETH liquidated through multiple liquidations over the past 10 hours, according to Lookonchain. The wallet had built a 25x short position of 13,826 ETH earlier today.
https://coinness.com/en/news/1172209
CoinNess
New wallet liquidates 8,163 ETH short position within a day - CoinNess
A newly created wallet less than 24 hours old saw a total of 8,163 ETH liquidated through multiple liquidations over the past 10 hours, according to Lookonchain...
[BNB Foundation burns $1.2B in BNB in 37th quarterly token burn]
The BNB Foundation announced it burned 1,646,200 BNB worth about $1.197 billion in its 37th quarterly token burn. The burn reduced BNB’s total circulating supply to about 131.5 million.
https://coinness.com/en/news/1172210
The BNB Foundation announced it burned 1,646,200 BNB worth about $1.197 billion in its 37th quarterly token burn. The burn reduced BNB’s total circulating supply to about 131.5 million.
https://coinness.com/en/news/1172210
CoinNess
BNB Foundation burns $1.2B in BNB in 37th quarterly token burn - CoinNess
The BNB Foundation announced it burned 1,646,200 BNB worth about $1.197 billion in its 37th quarterly token burn. The burn reduced BNB’s total circulating sup...
[BingX, YouHodler win EU MiCA approval as registered CASPs rise to 375]
The European Securities and Markets Authority updated its Markets in Crypto-Assets regulation register to add nine new crypto-asset service providers, including BingX’s Austrian unit, YouHodler’s Italian unit and Openbank, a subsidiary of Banco Santander, bringing the total number of uniquely authorized CASPs across the EU to 375.
BingX EU said it will expand compliant cryptocurrency trading and custody services across the European Economic Area within a clear regulatory framework.
https://coinness.com/en/news/1172211
The European Securities and Markets Authority updated its Markets in Crypto-Assets regulation register to add nine new crypto-asset service providers, including BingX’s Austrian unit, YouHodler’s Italian unit and Openbank, a subsidiary of Banco Santander, bringing the total number of uniquely authorized CASPs across the EU to 375.
BingX EU said it will expand compliant cryptocurrency trading and custody services across the European Economic Area within a clear regulatory framework.
https://coinness.com/en/news/1172211
CoinNess
BingX, YouHodler win EU MiCA approval as registered CASPs rise to 375 - CoinNess
The European Securities and Markets Authority updated its Markets in Crypto-Assets regulation register to add nine new crypto-asset service providers, including...
[AI sentiment, not BTC, drives bitcoin miner stocks, Binance Research says]
Bitcoin mining stocks have become more sensitive to AI-sector investor sentiment and financing conditions than to BTC prices as miners pivot to AI data center businesses, according to a Binance Research analysis.
The research said BTC fell 28% from January through June 18 this year, while the bitcoin miner ETF WGMI rose 88%. After that, BTC rebounded 30%, but WGMI instead plunged 57%. Over the past 60 days, the correlation between BTC and recent AI-transitioning miners including IREN, Core Scientific, TeraWulf and Cipher was only 0.29 to 0.33, while their correlation with semiconductor stocks reached 0.59 to 0.77. Shares of those companies have fallen 54% to 69% since June. By contrast, Mara, Riot and CleanSpark, which hold large amounts of BTC, showed relatively higher correlations with BTC at 0.41 to 0.57, and their share-price declines were smaller. Binance Research said AI-transitioning miners are now becoming investment vehicles that reflect financing conditions in the AI industry more than BTC prices, and warned that if financial conditions worsen, more BTC sales to repay debt could add selling pressure in a bear market.
https://coinness.com/en/news/1172212
Bitcoin mining stocks have become more sensitive to AI-sector investor sentiment and financing conditions than to BTC prices as miners pivot to AI data center businesses, according to a Binance Research analysis.
The research said BTC fell 28% from January through June 18 this year, while the bitcoin miner ETF WGMI rose 88%. After that, BTC rebounded 30%, but WGMI instead plunged 57%. Over the past 60 days, the correlation between BTC and recent AI-transitioning miners including IREN, Core Scientific, TeraWulf and Cipher was only 0.29 to 0.33, while their correlation with semiconductor stocks reached 0.59 to 0.77. Shares of those companies have fallen 54% to 69% since June. By contrast, Mara, Riot and CleanSpark, which hold large amounts of BTC, showed relatively higher correlations with BTC at 0.41 to 0.57, and their share-price declines were smaller. Binance Research said AI-transitioning miners are now becoming investment vehicles that reflect financing conditions in the AI industry more than BTC prices, and warned that if financial conditions worsen, more BTC sales to repay debt could add selling pressure in a bear market.
https://coinness.com/en/news/1172212
CoinNess
AI sentiment, not BTC, drives bitcoin miner stocks, Binance Research says - CoinNess
Bitcoin mining stocks have become more sensitive to AI-sector investor sentiment and financing conditions than to BTC prices as miners pivot to AI data center b...
[XRP tests $1.22-$1.34 support; reclaiming $1.70 seen as key]
XRP is testing a key support zone at $1.22-$1.34, and a recovery into the $1.50-$1.70 range could open the way for a rise to $2.09 and $2.32, according to a Crypto Briefing analysis.
Crypto Briefing said XRP briefly fell to $1.2840 last week, entering the support area, before rebounding as buying interest emerged. The outlet identified $1.2193 as the key support level. XRP formed a low at around $1 in August and later climbed to around $1.70, but it has recently come under renewed pressure.
It added that if XRP stays below $1.2193 on a weekly basis, the pattern of trying to form a higher low than the previous bottom could weaken, raising the possibility of a retest of the August low. If the support level holds, however, the main focus will be whether XRP can recover the $1.50-$1.70 range. Crypto Briefing described that zone as a resistance area with heavy overhead supply, requiring gains of about 12% and 27%, respectively, from current levels. A breakout above that resistance and a flip into support would strengthen the case for the rebound trend that began in August to resume.
https://coinness.com/en/news/1172213
XRP is testing a key support zone at $1.22-$1.34, and a recovery into the $1.50-$1.70 range could open the way for a rise to $2.09 and $2.32, according to a Crypto Briefing analysis.
Crypto Briefing said XRP briefly fell to $1.2840 last week, entering the support area, before rebounding as buying interest emerged. The outlet identified $1.2193 as the key support level. XRP formed a low at around $1 in August and later climbed to around $1.70, but it has recently come under renewed pressure.
It added that if XRP stays below $1.2193 on a weekly basis, the pattern of trying to form a higher low than the previous bottom could weaken, raising the possibility of a retest of the August low. If the support level holds, however, the main focus will be whether XRP can recover the $1.50-$1.70 range. Crypto Briefing described that zone as a resistance area with heavy overhead supply, requiring gains of about 12% and 27%, respectively, from current levels. A breakout above that resistance and a flip into support would strengthen the case for the rebound trend that began in August to resume.
https://coinness.com/en/news/1172213
CoinNess
XRP tests $1.22-$1.34 support; reclaiming $1.70 seen as key - CoinNess
XRP is testing a key support zone at $1.22-$1.34, and a recovery into the $1.50-$1.70 range could open the way for a rise to $2.09 and $2.32, according to a Cry...
[U.S. XRP spot ETFs end 13-week inflow streak]
U.S. spot XRP ETFs saw $1.84 million in net outflows last week, ending a 13-week run of net inflows that had continued since July 17, CryptoSlate reported, citing SoSoValue.
The category had posted $11.31 million in net inflows a week earlier before reversing into outflows last week. Over the same period, U.S. spot BTC ETFs recorded $228.58 million in net outflows, spot ETH ETFs saw $319.97 million in net outflows, and spot SOL ETFs posted $25.52 million in net outflows. Combined weekly net outflows across the four categories totaled $575.91 million, bringing cumulative net outflows over the past two weeks to about $1.81 billion.
https://coinness.com/en/news/1172214
U.S. spot XRP ETFs saw $1.84 million in net outflows last week, ending a 13-week run of net inflows that had continued since July 17, CryptoSlate reported, citing SoSoValue.
The category had posted $11.31 million in net inflows a week earlier before reversing into outflows last week. Over the same period, U.S. spot BTC ETFs recorded $228.58 million in net outflows, spot ETH ETFs saw $319.97 million in net outflows, and spot SOL ETFs posted $25.52 million in net outflows. Combined weekly net outflows across the four categories totaled $575.91 million, bringing cumulative net outflows over the past two weeks to about $1.81 billion.
https://coinness.com/en/news/1172214
CoinNess
U.S. XRP spot ETFs end 13-week inflow streak - CoinNess
U.S. spot XRP ETFs saw $1.84 million in net outflows last week, ending a 13-week run of net inflows that had continued since July 17, CryptoSlate reported, citi...
[PAPER mining rewards plunge, raising concerns over future sell pressure]
Mining economics for PAPER, the token of trading-loss compensation-based derivatives protocol Papertrade, have deteriorated sharply, according to crypto analyst Ignas. PAPER rewards paid per $1 in trading losses have fallen from an initial 100 tokens to about 11 tokens.
At current staking yield levels, recovering a $1,000 loss through rewards would take about 200 to 385 days, a figure that does not reflect dilution from additional token issuance. Ignas added that once PAPER transfers are enabled, some users may prefer to sell tokens directly to recoup losses, potentially creating sell pressure.
https://coinness.com/en/news/1172215
Mining economics for PAPER, the token of trading-loss compensation-based derivatives protocol Papertrade, have deteriorated sharply, according to crypto analyst Ignas. PAPER rewards paid per $1 in trading losses have fallen from an initial 100 tokens to about 11 tokens.
At current staking yield levels, recovering a $1,000 loss through rewards would take about 200 to 385 days, a figure that does not reflect dilution from additional token issuance. Ignas added that once PAPER transfers are enabled, some users may prefer to sell tokens directly to recoup losses, potentially creating sell pressure.
https://coinness.com/en/news/1172215
CoinNess
PAPER mining rewards plunge, raising concerns over future sell pressure - CoinNess
Mining economics for PAPER, the token of trading-loss compensation-based derivatives protocol Papertrade, have deteriorated sharply, according to crypto analyst...
[Former FTX COO says Netflix series badly distorts SBF’s real image]
Former FTX Chief Operating Officer Constance Wang said Netflix’s FTX drama series distorts the real-life portrayal of Sam Bankman-Fried and Caroline Ellison, and urged viewers not to take the show as fact. Wang added that anyone expecting a true documentary would be disappointed and should instead watch it as a standard drama.
https://coinness.com/en/news/1172216
Former FTX Chief Operating Officer Constance Wang said Netflix’s FTX drama series distorts the real-life portrayal of Sam Bankman-Fried and Caroline Ellison, and urged viewers not to take the show as fact. Wang added that anyone expecting a true documentary would be disappointed and should instead watch it as a standard drama.
https://coinness.com/en/news/1172216
CoinNess
Former FTX COO says Netflix series badly distorts SBF’s real image - CoinNess
Former FTX Chief Operating Officer Constance Wang said Netflix’s FTX drama series distorts the real-life portrayal of Sam Bankman-Fried and Caroline Ellison, ...
[BTC volatility below one-year average, sharp moves seen outside $80K-$88K range]
Bitcoin options implied volatility has fallen below its one-year average, and price swings could widen as upcoming options expiry and shifts in macro conditions reshape the market, QCP Capital said.
The firm said BTC options implied volatility remains below its one-year average across all maturities even as stock-market volatility has increased, suggesting options dealers’ long gamma positions are helping keep Bitcoin within a relatively stable range. QCP Capital added that this stabilizing effect could weaken once existing positions expire. If deleveraging in the stock market persists, selling pressure could spread to crypto and threaten Bitcoin’s $80,000 support, it said. On the other hand, rising U.S. Treasury prices, falling real yields and a weaker dollar could support risk assets including BTC. QCP Capital said low volatility and options expiry do not by themselves determine price direction, but if BTC consistently breaks above or below the $80,000-$88,000 range, both spot prices and options implied volatility could shift sharply at the same time.
https://coinness.com/en/news/1172217
Bitcoin options implied volatility has fallen below its one-year average, and price swings could widen as upcoming options expiry and shifts in macro conditions reshape the market, QCP Capital said.
The firm said BTC options implied volatility remains below its one-year average across all maturities even as stock-market volatility has increased, suggesting options dealers’ long gamma positions are helping keep Bitcoin within a relatively stable range. QCP Capital added that this stabilizing effect could weaken once existing positions expire. If deleveraging in the stock market persists, selling pressure could spread to crypto and threaten Bitcoin’s $80,000 support, it said. On the other hand, rising U.S. Treasury prices, falling real yields and a weaker dollar could support risk assets including BTC. QCP Capital said low volatility and options expiry do not by themselves determine price direction, but if BTC consistently breaks above or below the $80,000-$88,000 range, both spot prices and options implied volatility could shift sharply at the same time.
https://coinness.com/en/news/1172217
CoinNess
BTC volatility below one-year average, sharp moves seen outside $80K-$88K range - CoinNess
Bitcoin options implied volatility has fallen below its one-year average, and price swings could widen as upcoming options expiry and shifts in macro conditions...
[Shenzhen police warn of new real estate tokenization scams tied to RWA pitches]
China’s Shenzhen Public Security Bureau has warned of a new type of financial scam packaged as RWA real estate tokenization and blockchain-based evidence storage. The bureau’s economic crime investigation unit said on-chain smart contract addresses and corporate registration numbers prove only that code exists and a legal entity has been established, not that the underlying assets actually exist or that the operator holds financial business qualifications. It also said fraudsters have been infiltrating blockchain developer communities, flaunting technical expertise to lower investors’ guard.
https://coinness.com/en/news/1172218
China’s Shenzhen Public Security Bureau has warned of a new type of financial scam packaged as RWA real estate tokenization and blockchain-based evidence storage. The bureau’s economic crime investigation unit said on-chain smart contract addresses and corporate registration numbers prove only that code exists and a legal entity has been established, not that the underlying assets actually exist or that the operator holds financial business qualifications. It also said fraudsters have been infiltrating blockchain developer communities, flaunting technical expertise to lower investors’ guard.
https://coinness.com/en/news/1172218
CoinNess
Shenzhen police warn of new real estate tokenization scams tied to RWA pitches - CoinNess
China’s Shenzhen Public Security Bureau has warned of a new type of financial scam packaged as RWA real estate tokenization and blockchain-based evidence stor...
[Solana’s Alpenglow upgrade may cut TPS metric while improving network efficiency]
Finbold reported Solana’s Alpenglow upgrade could reduce the network’s transactions-per-second metric by around 60%, while actual operating efficiency may improve.
The core of the Alpenglow upgrade is moving validator voting from on-chain to off-chain. As a result, validation vote transactions previously included in TPS are expected to be excluded from the count, lowering the displayed throughput. After the upgrade, on-chain transaction records are expected to reflect actual DApp user activity more closely, while reducing network resources previously used for validator voting and improving processing efficiency.
https://coinness.com/en/news/1172219
Finbold reported Solana’s Alpenglow upgrade could reduce the network’s transactions-per-second metric by around 60%, while actual operating efficiency may improve.
The core of the Alpenglow upgrade is moving validator voting from on-chain to off-chain. As a result, validation vote transactions previously included in TPS are expected to be excluded from the count, lowering the displayed throughput. After the upgrade, on-chain transaction records are expected to reflect actual DApp user activity more closely, while reducing network resources previously used for validator voting and improving processing efficiency.
https://coinness.com/en/news/1172219
CoinNess
Solana’s Alpenglow upgrade may cut TPS metric while improving network efficiency - CoinNess
Finbold reported Solana’s Alpenglow upgrade could reduce the network’s transactions-per-second metric by around 60%, while actual operating efficiency may i...
[Elysium, first L2 in Hyperliquid ecosystem, to launch mainnet on Nov. 9]
Elysium, the first layer-two network in the Hyperliquid (HYPE) ecosystem, officially announced plans to launch its mainnet on Nov. 9. Designed specifically for Hyperliquid, Elysium is a general-purpose high-performance L2 network that settles transactions on HyperEVM, uses an infrastructure structure linked to HyperCore, and uses HYPE as its native gas token.
https://coinness.com/en/news/1172220
Elysium, the first layer-two network in the Hyperliquid (HYPE) ecosystem, officially announced plans to launch its mainnet on Nov. 9. Designed specifically for Hyperliquid, Elysium is a general-purpose high-performance L2 network that settles transactions on HyperEVM, uses an infrastructure structure linked to HyperCore, and uses HYPE as its native gas token.
https://coinness.com/en/news/1172220
CoinNess
Elysium, first L2 in Hyperliquid ecosystem, to launch mainnet on Nov. 9 - CoinNess
Elysium, the first layer-two network in the Hyperliquid (HYPE) ecosystem, officially announced plans to launch its mainnet on Nov. 9. Designed specifically for ...
[ENS DAO starts vote to activate ENSv2 on Ethereum mainnet]
Ethereum Name Service’s ENS DAO has begun an on-chain governance vote to activate ENSv2 on the Ethereum mainnet. The proposal consists of 15 actions to be executed in a batch through DAO-managed smart contracts, and if any one of them fails, none of the changes will be applied. If the proposal passes and is executed, renewed legacy domains that have not migrated to ENSv2 will also be subject to the new fee structure.
https://coinness.com/en/news/1172221
Ethereum Name Service’s ENS DAO has begun an on-chain governance vote to activate ENSv2 on the Ethereum mainnet. The proposal consists of 15 actions to be executed in a batch through DAO-managed smart contracts, and if any one of them fails, none of the changes will be applied. If the proposal passes and is executed, renewed legacy domains that have not migrated to ENSv2 will also be subject to the new fee structure.
https://coinness.com/en/news/1172221
CoinNess
ENS DAO starts vote to activate ENSv2 on Ethereum mainnet - CoinNess
Ethereum Name Service’s ENS DAO has begun an on-chain governance vote to activate ENSv2 on the Ethereum mainnet. The proposal consists of 15 actions to be exe...
[Strive buys 1,223 more BTC, bringing total holdings to 36,818 BTC]
Strive announced it bought an additional 1,223 BTC at an average price of $81,734 between Oct. 14 and Oct. 16 last week, bringing its total Bitcoin holdings to 36,818 BTC. The company also said settlement for its SATS preferred stock IPO, aimed at fundraising, is scheduled to be completed on Oct. 20, and it will maintain its existing Dividend Reserve policy covering 18 months of dividend accruals to protect preferred shareholders.
https://coinness.com/en/news/1172223
Strive announced it bought an additional 1,223 BTC at an average price of $81,734 between Oct. 14 and Oct. 16 last week, bringing its total Bitcoin holdings to 36,818 BTC. The company also said settlement for its SATS preferred stock IPO, aimed at fundraising, is scheduled to be completed on Oct. 20, and it will maintain its existing Dividend Reserve policy covering 18 months of dividend accruals to protect preferred shareholders.
https://coinness.com/en/news/1172223
CoinNess
Strive buys 1,223 more BTC, bringing total holdings to 36,818 BTC - CoinNess
Strive announced it bought an additional 1,223 BTC at an average price of $81,734 between Oct. 14 and Oct. 16 last week, bringing its total Bitcoin holdings to ...
[Super League shareholders approve Metaplanet’s 2,100 BTC contribution plan]
Nasdaq-listed Super League shareholders have approved Metaplanet’s planned 2,100 BTC contribution and the creation of Superplanet, a U.S. Bitcoin treasury platform, Solid Intel reported.
Metaplanet, described in the source as a Japan-listed Bitcoin strategy accumulation company, had previously said it invested 2,100 BTC in Super League to launch Superplanet. Once the third-party allotment capital increase is completed, Super League will change its name to Superplanet, Inc., and Metaplanet will hold about 95.7% of Superplanet’s outstanding shares, making it a consolidated subsidiary.
https://coinness.com/en/news/1172224
Nasdaq-listed Super League shareholders have approved Metaplanet’s planned 2,100 BTC contribution and the creation of Superplanet, a U.S. Bitcoin treasury platform, Solid Intel reported.
Metaplanet, described in the source as a Japan-listed Bitcoin strategy accumulation company, had previously said it invested 2,100 BTC in Super League to launch Superplanet. Once the third-party allotment capital increase is completed, Super League will change its name to Superplanet, Inc., and Metaplanet will hold about 95.7% of Superplanet’s outstanding shares, making it a consolidated subsidiary.
https://coinness.com/en/news/1172224
CoinNess
Super League shareholders approve Metaplanet’s 2,100 BTC contribution plan - CoinNess
Nasdaq-listed Super League shareholders have approved Metaplanet’s planned 2,100 BTC contribution and the creation of Superplanet, a U.S. Bitcoin treasury pla...
[WLFI stablecoin USD1 market cap drops $400M in two weeks on large redemptions]
World Liberty Financial’s stablecoin USD1 saw its market capitalization shrink by more than $400 million over the past two weeks to $4.02 billion as of Oct. 19, down 9.1%, as large-scale redemptions hit the token.
On-chain data showed that between Oct. 6 and Oct. 15, redemptions and token burns totaled $184.6 million on Ethereum and $200.43 million on BNB Chain. Most of the redeemed supply on BNB Chain was traced to a single unidentified whale address. Over the same period, supply on the Solana network remained unchanged at $1.42 billion.
https://coinness.com/en/news/1172225
World Liberty Financial’s stablecoin USD1 saw its market capitalization shrink by more than $400 million over the past two weeks to $4.02 billion as of Oct. 19, down 9.1%, as large-scale redemptions hit the token.
On-chain data showed that between Oct. 6 and Oct. 15, redemptions and token burns totaled $184.6 million on Ethereum and $200.43 million on BNB Chain. Most of the redeemed supply on BNB Chain was traced to a single unidentified whale address. Over the same period, supply on the Solana network remained unchanged at $1.42 billion.
https://coinness.com/en/news/1172225
CoinNess
WLFI stablecoin USD1 market cap drops $400M in two weeks on large redemptions - CoinNess
World Liberty Financial’s stablecoin USD1 saw its market capitalization shrink by more than $400 million over the past two weeks to $4.02 billion as of Oct. 1...
[DeFi Development bought 3,983 SOL over the past week]
Solana treasury company DeFi Development announced it bought 3,983 SOL over the past week, bringing its total holdings to about 2,590,266 SOL.
https://coinness.com/en/news/1172226
Solana treasury company DeFi Development announced it bought 3,983 SOL over the past week, bringing its total holdings to about 2,590,266 SOL.
https://coinness.com/en/news/1172226
CoinNess
DeFi Development bought 3,983 SOL over the past week - CoinNess
Solana treasury company DeFi Development announced it bought 3,983 SOL over the past week, bringing its total holdings to about 2,590,266 SOL.