By Kapil Rajyaguru
Metaplanet Follows MSTR’s Lead, Announces $11.3mn Debt Sale for Additional Bitcoin Purchases.
Tokyo-listed Metaplanet has announced a debt sale to boost its bitcoin (BTC) stash, following the lead of U.S.-listed business intelligence firm MicroStrategy.
On Monday, Metaplanet announced on X that it is issuing one-year ordinary bonds with a guarantee totaling $11.3 million for an annual interest rate of 0.36%. The funds raised will be used entirely to snap up BTC.
Metaplanet started buying bitcoin in April of this year as a hedge against Japan’s debt issues and volatility in the yen. Since then, it has accumulated 1,018 BTC worth $92.33 million, according to data source Bitcoin Treasuries.
Kraken, Tether-Backed Dutch Firm Rolls Out MiCA-Compliant Euro, U.S. Dollar Stablecoins.
As stablecoins gain traction, Netherlands-based fintech firm Quantoz aims to take a slice of the European market.
The company will issue the regulatory-compliant stablecoins pegged to the euro (EURQ) and U.S. dollar (USDQ) on the Ethereum blockchain. The firm said on Monday that fiat reserves and highly liquid financial instruments like government bonds fully back the tokens.
The firm has obtained the Electronic Money Institution (EMI) license from the Dutch Central Bank, a necessary requirement for stablecoin issuers to operate in the EU. Quantoz has secured investments from venture capital firm Fabric Ventures, crypto exchange Kraken, and stablecoin behemoth Tether, though it didn’t disclose the size of the fundraising round.
Starting on Thursday, eligible users will be able to trade EURQ and USDQ on Bitfinex and Kraken.
Solana-Based DApps Rake In Record Fees As Memecoin Frenzy Returns.
Solana-based decentralized finance applications (DApps) notched record fees and revenue activity in the last 24 hours amid an apparent return of memecoin mania.
According to a Nov. 18 X post from decentralized finance (DeFi) commentator Patrick Scott, who cited DefiLlama data, five of the top 10 protocols by fees in the last 24 hours were on Solana.
Solana-based automatic market maker Raydium notched a record $11.3 million in fees on Nov. 17, while liquid staking protocol Jito saw its third-highest day of fees at $9.87 million on the same day, per DefiLlama data.
Solana-Based DApps Rake In Record Fees As Memecoin Frenzy Returns
Thala Recovers $25.5mn In Crypto Lost Through v1 Farming Vulnerability.
After law enforcement and crypto sleuths tracked down the hacker, decentralized finance firm Thala Labs recovered $25.5 million of liquidity pool tokens stolen from one of its farming contracts.
In a post on Nov. 16, Thala disclosed that an “isolated vulnerability” in its v1 farming contracts caused a “security breach” on Nov. 15, allowing the hacker to withdraw liquidity tokens.
Thala announced that it immediately paused all relevant contracts, frozen $11.5 million worth of Thala-related assets, and successfully identified the hacker.
You need to login in order to Like
