Metaplanet stock price has crashed and entered a bear market as demand for Bitcoin treasury companies waned and investors began booking profits. Summary Metaplanet share price has plunged by 55% from the year-to-date high. The stock has dropped as Bitcoin treasury companies dive. Technical analysis points to more downside in the near term. Metaplanet shares
U.S. stocks opened higher and Bitcoin held the $114k level as Wall Street continued to cheer corporate earnings amid ongoing jitters around trade deals. Summary Stocks opened slightly higher amid investor focus on key corporate earnings results. Tariffs remain in focus amid the Aug. 7 deadline. The benchmark S&P 500 opened 0.3% higher and the
Key Takeaways AI startup Rillet raises $70M Series B to transform ERP for SaaS firms, with a16z and ICONIQ backing its automation-first accounting tools. This follows Rillet’s $25 million Series A in May, led by Sequoia Capital. Rillet, an AI startup reimagining ERP (enterprise resource planning) with automation-first accounting tools for SaaS and high-growth companies,
According to The Financial Times, China is eyeing a yuan (aka renminbi) stablecoin for both internal and external use, but as even The Financial Times article makes clear, no one knows how it would work or why the Chinese Communist Party (CCP) is so keen to create one. While the piece does make clear that
Tokenized stocks may be approaching a tipping point as investor demand for blockchain-based financial products surges, potentially accelerating the adoption of traditional assets onchain. Tokenized stocks, which are part of the growing real-world asset (RWA) tokenization sector, reached a $370 million market capitalization by the end of July, according to a Wednesday Binance Research report
By Omkar Godbole (All times ET unless indicated otherwise) As the crypto market reels under U.S. stagflation concerns, traders on the decentralized platform Polymarket are seeing a more than 50% chance of bitcoin BTC$114,321.68 prices dropping into five figures before year-end. Shares in the Yes side of Polymarket’s “Will bitcoin dip below $100K before 2026”
In a significant development for the global cryptocurrency landscape, NHN KCP, a prominent subsidiary of South Korean tech powerhouse NHN, has taken a decisive step towards launching a new USD-pegged stablecoin. This move signals a growing interest in bridging traditional finance with digital assets, especially from established tech companies. It is certainly a moment that
The cryptocurrency world is buzzing with significant news: Heath Tarbert, the esteemed Circle president, is heading to South Korea later this month. This pivotal visit promises to ignite crucial discussions within the nation’s rapidly evolving South Korea crypto market. Circle, a leading stablecoin issuer, is making strategic moves, and Mr. Tarbert’s agenda includes high-level meetings