Author: Lara

Bitcoin Buyout: Metaplanet Shares Surge 16%

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Metaplanet has significantly ramped up its Bitcoin investments, doubling its holdings to over 450 Bitcoin this month alone. The Japanese investment firm’s stock jumped 15.7% on October 15 following its announcement of a recent purchase of nearly 107 Bitcoin. With this latest acquisition, Metaplanet now holds a total of 855.5 Bitcoin, valued at over $56.1 million, as stated in their October 15 release. The firm invested approximately $6.7 million (1 billion yen) for 106.976 BTC, securing the coins at around $62,520 each—5.8% below Bitcoin’s market price of $66,200 at the time. Before the Tokyo Stock Exchange’s lunch break at 11:30…

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Taiwan’s FSC Announces Pilot Program for Institutional Crypto Custody Services

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Taiwan’s Financial Supervisory Commission (FSC) is set to initiate a trial for crypto custody services through local banks, as reported by the Central News Agency on October 8. The FSC aims to begin accepting applications for this pilot program in the first quarter of 2025. So far, three private banks have shown interest in participating in the trial. Clarification on Managed Cryptos Required Participating financial institutions will need to specify the types of digital assets they intend to manage, which may include popular cryptocurrencies such as Bitcoin, Ether, and Dogecoin. Additionally, banks must define their target client base, which could…

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Investor Sentiment Shifts: U.S. Spot Ethereum ETFs See $79 Million Exited

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On Monday, U.S. spot Ethereum exchange-traded funds (ETFs) saw notable net outflows of $79.21 million, marking the largest daily withdrawal since July 29. The decline was primarily driven by the Grayscale Ethereum Trust (ETHE), which alone accounted for $80.55 million in outflows, representing its biggest drop since July 31, according to data from Sosovalue. Interestingly, ETHE was the only spot Ethereum ETF to report outflows on Monday. In contrast, Bitwise’s ETHW ETF recorded a modest inflow of $1.34 million, while the other seven spot Ethereum ETFs remained stable with no changes in their flows. Overall, the total trading volume for…

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