Category: Bitcoin News

Metaplanet loss hits $725M on Bitcoin markdown

boss

Metaplanet loss hit $725 million in Q1 2026, driven entirely by a $737 million non-cash Bitcoin writedown. Summary Japan’s Metaplanet posted a Q1 net loss of $725.6 million, driven by ¥116.4 billion in non-cash Bitcoin valuation losses as BTC fell 24% during the period. Revenue rose 251% year over year to $19.5 million and operating profit grew 283% to $14.4 million, as Bitcoin option income surged. Metaplanet added 5,075 BTC in Q1 to reach 40,177 total, cementing its position as the largest public Bitcoin holder outside the United States. Tokyo-listed…

Bitcoin Slides Below $79K as $304M in Crypto Longs Vanish After PPI Shock

boss

Key Takeaways Bitcoin tumbled to $78,704 on May 13 following a sharp acceleration in wholesale inflation data. Coinglass data shows the crash triggered $94 million in BTC long liquidations on the top cryptocurrency. Polymarket odds favor a Fed pause in June despite PPI jumping 1.4% in April 2026. Geopolitical Tensions and Macro Factors Bitcoin briefly plunged below $79,000 for the first time since May 4 as investors digested the latest producer price index (PPI) data, which showed a sharp acceleration in wholesale inflation. According to the cryptocurrency’s daily price chart,…

Japanese Telecom-Backed Fintech Group KDDI Acquires Coincheck Group Stake for $65M – Bitcoin News

boss

Key Takeaways KDDI paid $65 million for a 14.9% stake in Coincheck Group N.V., with the deal closing in June 2026. Au Coincheck Digital Assets, Inc. plans to launch a non-custodial wallet in summer 2026 for KDDI’s 30 million users. Coincheck Group shares climbed up to 35% on May 12 as investors responded to the KDDI partnership announcement. Japan Telecom Giant KDDI Invests $65 Million in Coincheck to Bring Crypto to 30 Million au Customers The deal, revealed this week, positions KDDI alongside Coincheck Group, a Nasdaq-listed Dutch holding company…

Bitcoin ETF IBIT outpaces gold GLD by 33 points as $13B capital rotation accelerates

boss

Bloomberg senior ETF analyst Eric Balchunas reported that the Bitcoin spot ETF iShares Bitcoin Trust (IBIT) has significantly outperformed the gold ETF SPDR Gold Shares (GLD) since March, outpacing it by roughly 33 percentage points in performance. Summary Bloomberg ETF analyst Eric Balchunas says Bitcoin ETF IBIT has outperformed gold ETF GLD by 33 percentage points since March. IBIT recorded $4.2B in inflows while GLD saw $9B in outflows, creating a $13B divergence in capital flows. The shift signals accelerating institutional rotation from traditional safe-haven assets into digital alternatives. According…

Fidelity Leads $233M Bitcoin ETFs Loss as Solana Funds Add $19M

boss

Key Takeaways Bitcoin ETFs lost $233.25M as Fidelity FBTC and Ark ARKB led Tuesday’s outflows. Ether ETFs dropped $130.62M, with Blackrock ETHA seeing a $102.04M exit. XRP gained $5.31M and solana $19.07M as investors rotated into altcoin ETFs. Bitcoin ETFs Trade $1.68B as Solana and XRP Inflows Highlight Shifting Investor Appetite The market’s appetite for crypto exposure weakened noticeably as bitcoin exchange-traded funds (ETFs) slipped back into outflows after a brief return to positive territory at the start of the week. Ether funds followed the same direction, with redemptions accelerating…

Trump Dismisses Inflation Pressure on Americans While April PPI Tops 6% Year-Over-Year – Bitcoin News

boss

Key Takeaways U.S. PPI jumped 6% year-over-year in April 2026, the biggest gain since December 2022, driven largely by energy costs. Gasoline prices climbed 15.6%, and energy goods rose 7.8%, both tied directly to Strait of Hormuz disruptions from the U.S.-Israel-Iran war. Trump told reporters that Americans’ financial hardships are “not even a little bit” a factor in his push for a nuclear deal with Iran. Gasoline Prices Jump 15.6% in April as Iran War Drives Worst U.S. Wholesale Inflation in 3 Years The Bureau of Labor Statistics released the…

Bitcoin holds ~$80K as strong PPI data pushes Fed rate cut hopes lower

boss

The latest market reaction follows April’s Producer Price Index (PPI), which rose 1.4%, significantly above economist forecasts of around 0.5%. The hotter-than-expected print has reinforced concerns that inflationary pressures in the U.S. economy remain sticky, reducing the likelihood of near-term monetary easing. Summary Bitcoin is trading around $80,000 as markets reassess inflation risks and shift toward a higher-for-longer interest rate outlook. Strong U.S. Producer Price Index (PPI) data for April showed a 1.4% increase versus 0.5% expectations, intensifying inflation concerns. Traders are now pricing over a 30% chance of a…

Japan’s Metaplanet Posts $725M Q1 Loss as Bitcoin Stack Reaches 40,177 BTC – Bitcoin News

boss

Key Takeaways Metaplanet Inc. grew its bitcoin holdings to 40,177 BTC ($3.2 billion) by March 31, 2026, solidifying its status as the premier corporate treasury for the asset outside the United States. The Tokyo-listed firm delivered a 2.8% BTC Yield in Q1 2026, effectively increasing the amount of bitcoin backing each share despite a broader market correction and non-cash valuation losses. Management confirmed its FY2026 forecast of ¥16,000 million ($101.39 million) in net sales and ¥11,400 million($72.24 million) in operating profit as it scales its “Digital Credit” strategy. Tokyo’s Metaplanet…

Ink Ecosystem Gains Institutional Liquidity via New Maple Finance Partnership – Bitcoin News

boss

Key Takeaways Maple integrated with Ink on May 13, 2026, to expand institutional yield products to layer two ( L2) users. The launch scales DeFi by giving 10 million Ink users access to Maple’s $3.8 billion AUM ecosystem. Users can soon access syrupUSDT on the Tydro protocol as Maple eyes further onchain fintech expansion. Onchain Yield Expansion: Maple Deploys syrupUSDT on OP Stack-Based Ink The move is designed to broaden access to the firm’s dollar-yield product, known as syrupUSDT, throughout the Ink decentralized finance ( DeFi) ecosystem, according to the…

Despite $82,000 Resistance, Bitcoin Prints Higher Lows Since April Bottom

boss

Key Takeaways Bitcoin held near $80,550 on May 13, 2026, as indicators stayed mostly neutral. Market data showed bitcoin volume hit $40.58B as resistance formed near $82,800. Charts suggest bitcoin must reclaim $81,500 or risk falling toward $77,000. Bitcoin Chart Outlook The daily bitcoin chart continued flashing a cautiously bullish tone despite repeated rejection near the $82,000 to $82,800 range. Bitcoin’s broader structure remained constructive after consistently printing higher lows from the April bottom around $70,480, while buyers repeatedly defended pullbacks into the upper-$70,000 region. Still, recent candles showed hesitation…