Metaplanet, the largest corporate bitcoin holder outside North America, has purchased an additional 797 BTC, worth around $96 million. The latest buy brings the firm’s total holdings to 16,352 BTC, worth nearly $2 billion.
Simon Gerovich, CEO of the Tokyo-listed hotelier, recently told the FT that the firm aims to leverage these holdings as collateral to finance acquisitions of cash‑generating businesses, particularly in digital financial services.
The CEO recently said that the firm aims to use its gigantic bitcoin holdings for acquisitions.
SharpLink Gaming Buys Another 16,374 ETH Worth $49mn.
Nasdaq-listed SharpLink Gaming has continued its aggressive Ethereum accumulation, buying another 16,374 ETH, worth around $48.85 million on Sunday, according to Arkham Intelligence.
While SharpLink hasn’t officially confirmed the buy, blockchain tracker EmberCN says this latest move pushes the company’s total ETH holdings to approximately 270,000 ETH. Just last Friday, SharpLink had acquired 21,487 ETH worth $63.7 million, sending its stock price up by over 17%, closing at $21.65.
SharpLink’s Ethereum strategy began in late May following a $425 million private placement led by Consensys.
Nayib Bukele Reveals $426mn Bitcoin Profits For El Salvador.
El Salvador’s President, Nayib Bukele, has just given an update on the nation’s Bitcoin investment, and it’s impressive. The South American country has made almost 1.5X on their Bitcoin strategy, despite warnings from global organizations such as the International Monetary Fund.
According to his post, the government’s Bitcoin portfolio is now worth $723.8 million, generating a profit of $426.5 million, which is a 143.5% gain. The country invested a total of $297,248,040 in Bitcoin. Out of the current balance, 93.52%, or roughly $349.8 million, is tied to a specific part of their holdings.
India Probes Binance Over Crypto Transfers From Pakistan.
Amid growing security concerns, India’s Financial Intelligence Unit is intensifying its investigation into Binance and several cryptocurrency exchanges over allegations of digital assets being funneled through private wallets from Pakistan for illegal and terror-linked activities.
Officials stated that Binance is the most commonly used platform for these transactions and noted increased volumes near sensitive border zones.
FIU-IND, in collaboration with enforcement agencies, is collecting data to trace these fund flows and identify suspicious accounts. Binance, registered with the FIU since August 2024, has cooperated with investigators.
Emirates Airlines & Dubai Duty Free To Accept Litecoin Payments.
Emirates Airlines and Dubai Duty Free have revealed intentions to begin accepting cryptocurrency payments, such as Litecoin by 2026.
The decision will allow passengers to use Litecoin to buy flights and onboard amenities. Aimed at young, digitally native travelers, the move is part of increasing demand for dynamic, digitally native travel experiences.
Alongside Litecoin, passengers will also be able to use other major cryptocurrencies such as Bitcoin, Ethereum, Cronos, Dogecoin, Shiba Inu, USDC, and other top stablecoins. The incorporation is set to be done by next year.
Czech Central Bank Adds Coinbase To Portfolio, Boosts Palantir Holdings.
The Czech National Bank adjusted its US investment portfolio in the second quarter by increasing its stake in Palantir Technologies and initiating a new position in cryptocurrency exchange Coinbase Global.
These moves were disclosed in a Form 13F filing, which is a quarterly report filed by investment managers to the Securities and Exchange Commission that discloses their US equity holdings.
The filing shows the bank has added 51,732 Coinbase shares, worth over $18 million. The Czech National Bank also added 49,135 Palantir shares in the second quarter of the year, bringing its total to 519,950 by the end of June.
Bank Of England Governor Warns Against Private Stablecoin Issuance.
Bank of England governor Andrew Bailey recently warned against banks issuing stablecoins, saying that the Bank of England should focus on tokenizing deposits instead.
Stablecoins introduce systemic risks to banking institutions that could destabilize the entire financial system, causing sovereign governments to lose control over their currencies, the BOE official told The Sunday Times in an interview.
He also added that the United Kingdom’s central bank should not adopt a central bank digital currency or otherwise seek to launch a centrally-managed digital fiat token.
Stablecoin Infrastructure Startup Zerohash Nears Unicorn Status With $100mn Funding Round.
Zerohash, a crypto and stablecoin infrastructure startup, is reportedly close to raising approximately $100 million in a funding round that would value the company at nearly $1 billion. According to a report citing two anonymous said that the publicly traded online brokerage Interactive Brokers is leading the investment.
The new fundraise follows Zerohash’s Series D round in 2022, when it secured $105 million from investors including Bain Capital and Point72 Ventures. That round valued the company at $340 million, highlighting the rapid increase in its valuation.
Dolce & Gabbana USA Cleared In $25mn DGFamily NFT Lawsuit.
Italian luxury brand Dolce & Gabbana has secured a crucial win in a class-action lawsuit that alleges the brand failed to deliver promised benefits tied to its $25 million DGFamily NFT project.
Court documents published on July 11 reveal that a New York federal judge has dismissed the case against Dolce & Gabbana USA Inc., the only US-based defendant in the suit, effectively weakening the broader action brought by plaintiff Luke Brown.
The court found insufficient grounds to hold the American subsidiary liable for the alleged actions of its Italian parent company.
The lawsuit, originally filed in May 2024 and amended in September, accuses Dolce & Gabbana and its Dubai-based partner UNXD of selling high-value NFTs under the “DGFamily” brand without fulfilling the associated perks.
Tether To End USDT Support For Multiple Blockchain Networks.
Tether, the largest stablecoin issuer, is set totally to stop its services on five blockchain services, namely Omni, Algorand, Bitcoin Cash, EOS, and Kusama, by September 1. This move looks to eliminate all blockchains that have seen no community interest over time, consequently for which maintenance has also become inefficient.
Tether ceased minting on Omni, Bitcoin Cash, and Kusama on August 17, 2023, while it continues to allow token redemption and users to swap USDT across other chains.
As per the official announcement, USDT redemption on the five legacy layers will be discontinued effective September 1, 2025.
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