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Metaplanet gained shareholder approval to raise as much as $3.7 billion for more BTC buys, paving the way for a further expansion of its massive Bitcoin treasury. The shareholder vote at an extraordinary general meeting that was attended by Eric Trump clears the way for Metaplanet to issue up to 2.7 billion new shares and introduce a dual-class preferred stock system, giving it new fundraising options while limiting dilution for existing investors. While the approvals move Metaplanet closer to its goal, the company must still finalize issuance terms, secure regulatory clearance, and convince investors to back its buying plan in a challenging market. The Japan-based firm, already Asia’s biggest corporate BTC holder, has its sights set on accumulating 210,000 BTC by 2027. It currently holds 20,000 BTC, ranking sixth globally and ahead of companies like Tesla and Coinbase. Metaplanet Shares Tick Up After 13% Plunge In A Month The approvals from the company’s shareholders s...

Bullish Inc. (NYSE: BLSH), a global digital asset platform catering to institutional clients, announced Tuesday it has received $1.15 billion in proceeds from its initial public offering (IPO), settled entirely in stablecoins. According to an announcement from the Cathie Wood favored firm, the transaction marks a significant milestone for the use of blockchain-based currencies in U.S. capital markets. The majority of the stablecoins were minted on the Solana (SOL) blockchain, with Jefferies serving as the billing agent for the offering. Jefferies oversaw the minting, conversion and distribution of the digital assets, coordinating with multiple issuers and platforms across North America, Europe and Asia. Bullish received a range of US dollar-and euro-denominated stablecoins, including USD CoinVertible and EUR CoinVertible issued by Societe Generale-FORGE, Global Dollar and PayPal USD issued by Paxos, Ripple USD on the XRP Ledger, USD1 from World Liberty Financial,...

Institutional demand for Ethereum (ETH) is gaining serious momentum. Yesterday, July 22, Ethereum ETFs experienced one of their largest single-day inflows in two weeks, bringing in $533 million.  Ethereum ETF Flow. Source: FarSide Investors In sharp contrast, Bitcoin ETFs recorded $68 million in outflows, a striking reversal that hints at a potential shift in institutional crypto appetite. This marks one of the biggest day-to-day divergences between the two flagship cryptos since spot Ethereum ETFs launched earlier this year. Some traders are now pointing to this move as a possible signal that ‘altcoin season’ is getting underway. Institutions rush in Fidelity made one of the biggest single-day buys this week, with its Ethereum Fund (FETH) adding 33,788.82 ETH, roughly $124 million, in just one day. The purchase brings Fidelity’s total Ethereum holdings to 629,202 ETH, valued at approximately $2.33 billion at current market prices. But Fidelity isn...

As the United States edges closer to regulatory clarity under a pro-cryptocurrency administration, sentiment toward domestic blockchain projects is rapidly improving.  With Donald Trump back in office, several U.S.-based cryptocurrencies stand to benefit from a more favorable policy environment. Many of these projects remain undervalued compared to their global counterparts, presenting compelling investment opportunities. In this context, ChatGPT has identified two standout U.S. cryptocurrencies worth considering now. Stellar (XLM) Stellar (XLM), based in San Francisco, focuses on cross-border payments and asset tokenization. It has formed strategic partnerships with major institutions, including MoneyGram and several central banks.  Despite strong institutional support and solid fundamentals, Stellar remains undervalued relative to competitors like XRP.  Technically, XLM is approaching a bullish order block around the $0.25 level, an area of ...

Eric Trump’s crypto involvement has catalyzed new developments and SRM Entertainment spearheaded a $100 million TRX treasury strategy. The deal accelerated shares soaring over 500% and also highlights various major cryptocurrency market volatility trends right now. This move leveraged crypto investment security risks and regulatory uncertainty crypto markets face, revolutionizing sharp focus through several key Trump family political connections. Also Read: Tesla Stock Risks 52% Profit Hit As Trump Targets EV Tax Credit Navigating Crypto Volatility, Security Risks, and $100M TRX Deal Insights Source: Trump Organization The $100M Deal Structure The TRX $100 million deal architected SRM Entertainment issuing 100,000 shares of Series B convertible preferred stock, and these are engineered for conversion into 200 million common shares at $0.50 each. Numerous significant warrants totaling 220 million are also deployed at the same price, maximizing the total transaction value to around...