Metaplanet’s stock price has crashed into a bear market this month, falling by nearly 40% from its highest point this year. Summary Metaplanet share price has moved into a bear market as Bitcoin hovers near its all-time high. A likely reason is that its NAV of 2.79 is higher than that of other companies. Technicals
Blockchain networks showcase their overall chain health by measuring the total value locked. This is the list of the top 10 blockchains in DeFi TVL, as well as their market performance and on-chain activity. Ethereum leads with $84.73 billion in TVL. With $84.73 billion, Ethereum takes the lead as it demonstrates its first-mover advantage in
In 2021, El Salvador became the first country in the world to make Bitcoin legal tender. President Nayib Bukele said the decision would help the country break free from relying on the US dollar and lower the high costs of sending and receiving money. The government launched the Chivo Wallet, set up Bitcoin ATMs, promised
MicroStrategy’s Bitcoin holdings reached $71.8B, with an all-time profit of $28.17B. The firm’s stock trades at a 76% premium to its underlying Bitcoin net asset value. “Stretch” preferred stock raised $2.8B, fueling continued Bitcoin acquisitions and portfolio growth. MicroStrategy’s ongoing Bitcoin accumulation continues to set a new record in corporate digital asset exposure. The company’s
Bitcoin held steady last week while altcoins tumbled, as the crypto market entered a holding pattern ahead of key macro and corporate catalysts. This week, all eyes are on the Federal Reserve’s interest rate decision, a wave of significant tech earnings from companies like Microsoft and Amazon, and ongoing ETF inflows for Bitcoin (BTC) and
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin BTC$119,126.55 traded at $119,430 in early Asia hours on Monday,
A Bitcoin whale from the early 2010s, holding coins mined or acquired in Bitcoin’s infancy, recently awakened and sold 80,000 BTC. The sale was handled by Galaxy Digital, which executed the transfer of over 80,000 BTC (worth $9 billion) on behalf of this client, who is described as a “Satoshi-era” investor. Despite this massive sale