On Monday, Sept. 22, the heavyweight of bitcoin treasuries, Strategy, revealed it scooped up 850 BTC for a cool $99.7 million. Michael Saylor of Strategy jumped on X to confirm the buy, casually pointing out that his firm made good on the hint he dropped Sunday about padding the companyโs bitcoin stash. โStrategy has acquired […] Original
Key Notes SOOHO.IO and Chainlink have launched Project Namsan, a Korean won stablecoin initiative for foreign exchange. The project uses Chainlink’s CCIP for interoperability and Proof of Reserve to verify stablecoin collateral. A live pilot with Grand Korea Leisure allows tourists to use USD stablecoins for KRW-denominated digital voucher payments. SOOHO.IO, a blockchain technology firm, has partnered with Chainlink LINK $21.47 24h volatility: 7.3% Market cap: $14.55 B Vol. 24h: $1.29 B to launch Project Namsan, a new initiative focused on the Korean won (KRW) stablecoin ecosystem. The project is…
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Key Notes Zhaoโs edutech project for cryptocurrency aka Giggle Academy, saw 90% of its contributions coming from just one meme coin. He added that all contributions to the free education platform will be in cryptocurrency, fully on-chain and traceable. The Binance founder confirmed he will not hold any of the donated meme coins to avoid conflicts of interest. Binance founder Changpeng Zhao (CZ) has taken a 180-degree turn on meme coins after his edtech venture Giggle Academy secured $1 million in donations. From โmeme coins have no utilityโ to โmeme…
XRPโs growing momentum has not only intensified price speculations but has also placed it in direct comparison with Bitcoin in one surprising metric, especially in the South Korean market. Data shows that XRP is now challenging Bitcoinโs dominance in the South Korean crypto world, as evidenced by the reserves of Upbit, the biggest crypto exchange in the country in terms of trading volume and market share.ย Upbitโs Unusual XRP Reserve Levels On-chain data shows how XRP is beginning to challenge Bitcoinโs long-standing dominance in South Korea, where trading activity is…
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Japanโs Metaplanet expanded its Bitcoin treasury with a 5,419 BTC purchase, making it the fifth-largest corporate holder of the cryptocurrency globally. The company said Monday it acquired 5,419 Bitcoin (BTC) at an average price of 17,281,012 Japanese yen (about $117,000) per Bitcoin. With this latest $633 million purchase, the companyโs holdings reached 25,555 BTC, making it the fifth-largest corporate Bitcoin treasury, according to BitcoinTreasuries.NET. Metaplanetโs Bitcoin holdings in 2025 chart. Source: BitcoinTreasuries.NET The purchase price of its latest tranche of Bitcoin, just short of $117,000, put the investment at a…
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Key Notes MetaMask’s USD-pegged stablecoin, mUSD, now has a circulating supply of 65 million. This comes exactly one week after the coin was launched. mUSD is fully backed 1:1 by โhigh-quality, highly liquid dollar equivalent assetsโ. . The new week started on a high note for MetaMask, as its USD-pegged stablecoin, mUSD, reached a notable milestone. Precisely, the circulating supply of the token climbed to $65 million. This is quite significant for a stablecoin that was launched barely a week ago. mUSD Circulating Supply Records Over 300% Spike in a…
Cryptocurrency funds recorded a second consecutive week of inflows last week, extending the $3.3 billion in gains recorded the week before. Crypto exchange-traded products (ETPs) logged $1.9 billion in inflows last week, data from CoinShares showed Monday. Bitcoin (BTC) and Ether (ETH) led the way with inflows of $977 million and $772 million, respectively, while Solana (SOL) and XRP (XRP) also saw strong demand with $127 million and $69 million of inflows. With the new gains, the total assets under management (AUM) in global crypto ETPs surged to a new…