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Metaplanet on Friday announced a $5.4 billion equity raise to significantly expand its Bitcoin holdings, with a target of 210,000 BTC by 2027.The company aims to become Asia’s leading public holder of Bitcoin, targeting 1% of Bitcoin’s total supply.Asia’s Biggest Bitcoin Acquisition StrategyIn its o…
By Dow Jones Newswires StaffGlobal markets were mostly higher and U.S. futures were flat after rising Tuesday on a tech rally that leap-frogged Nvidia back to the world's most valuable company, and as U.S. labor-market data eased fears over the effect of President Trump's tariffs on the global econo…
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Tuesday! While activity in the crypto market remains subdued heading into the summer months, digital asset brokerage and research firm K33 says the "Trump always chickens out" tariff …
Robinhood has completed the acquisition of Bitstamp for $200 million — a deal designed to better position the crypto and stock trading platform for expansion outside of the U.S.The popular trading app first announced the proposed acquisition of Bitstamp in June 2024. Just under a year later, Robinho…
By Dow Jones Newswires StaffU.S. stock futures were little changed Friday after modest gains at the close and ahead of PCE inflation data, the Federal Reserve's preferred gauge of inflation, later.Stock markets in Asia ended lower and European bourses were mixed as uncertainty over U.S. tariffs cont…
Mihailo Bjelic, co-founder of Ethereum layer-2 scaling solution Polygon, has stepped down from his role at Polygon but suggests he will stay active in the crypto industry in some capacity.His resignation drew reactions across Polygon and the wider crypto community, with several seeing it as a loss f…
By Angus Berwick, Patricia Kowsmann and Vicky Ge HuangCrypto billionaire Justin Sun for years wouldn't set foot in the U.S. for fear of arrest. The Chinese-born tycoon, facing scrutiny from U.S. authorities, even missed a chance to fly on Jeff Bezos' Blue Origin rocket despite paying $28 million for…
By Caitlin McCabe and Gunjan BanerjiStocks finished lower Wednesday after a disappointing Treasury bond auction accelerated a selloff in the debt market.The Dow Jones Industrial Average dropped 817 points, or 1.9%, leading indexes lower. Longer-term U.S. Treasury yields rose again, with the 10-year …
The Japanese hospitality firm Metaplanet has disclosed record-breaking earnings for the first quarter of the year, primarily attributing the success to its Bitcoin treasury strategy.According to the firm’s Q1 Earnings Report, its Bitcoin strategy contributed 88% to its revenue of 877 million Japanes…
0814 GMT - Bitcoin rises only marginally as U.S. trade policy uncertainty keeps investors cautious over risky assets. The U.S. and China on Monday agreed to lower tariffs for 90 days. However, investors are "under no illusions that the end game is yet in sight" as the recent tariff reprieve could pr…
Mubadala Investment Company, one of Abu Dhabi's sovereign wealth funds, disclosed in a 13F filing with the Securities and Exchange Commission on Thursday that it had added 491,439 shares in BlackRock's Bitcoin ETF during Q1, currently worth around $28.8 million.The Q1 acquisitions increased its tota…
MSCI's global equities index barely rose on Friday and the dollar lost ground as a U.S. trade deal with Britain fueled guarded optimism for U.S. tariff negotiations with China and other countries.U.S. President Donald Trump pushed back against the idea that the UK deal could be a template for ot…