The post Metaplanet to Rebrand Shibo Securities as Metaplanet Securities appeared on BitcoinEthereumNews.com.
Metaplanet plans to rename Shibo Securities as it expands its Bitcoin-focused financial business. The brokerage will support Bitcoin-based financial products through the BTC x Finance platform. CEO Simon Gerovich says the acquisition is the first step in Metaplanet’s Project Nova. Metaplanet is moving ahead with the integration of its newly acquired brokerage business after confirming plans to rename Shibo Securities to Metaplanet Securities. The proposed change, which requires shareholder approval at a meeting scheduled for July 13, marks the next step in the company’s effort to expand its Bitcoin-focused financial operations in Japan. The firm acquired the licensed brokerage for 2.1 billion yen (about $13 million) and plans to use it to develop Bitcoin-based financial products for retail investors. If shareholders approve the name change, the rebranded brokerage will become
The post Bitcoin Slips Below $62K as US-Iran Ceasefire Collapse Rattles Markets appeared on BitcoinEthereumNews.com.
Bitcoin News Bitcoin (BTC) slid below $62,000 after the US-Iran ceasefire collapsed, pulling the largest cryptocurrency down roughly 2.5% on the day. Sellers returned to Bitcoin once President Donald Trump declared the truce with Tehran was, in his words, over, during a press conference at the NATO summit in Ankara. The asset had traded above $64,000 only hours earlier before the risk-off wave took hold. Traders trimmed exposure across risk assets as geopolitical uncertainty resurfaced, and market watchers flagged a daily close under $62,000 as the trigger that would open the door toward the $60,000 zone. For a primer, see Bitcoin. The escalation reverberated fastest through energy markets. US WTI crude oil pushed past $75 per barrel, its highest level since June 22, after having traded under $67.50 on hopes that regional tensions would cool. Those hopes reversed sharply
The post Schwab Strategist Backs Strategy’s STRC Playbook Amid Bitcoin Weakness appeared on BitcoinEthereumNews.com.
Strategy remains under pressure as Bitcoin hovers near $60,000, but recent capital moves have bought the company time, according to Jim Ferraioli, director of crypto research and strategy at the Schwab Center for Financial Research. Speaking on Morning Trade Live at the New York Stock Exchange, Ferraioli said the firm led by Michael Saylor faces scrutiny while the price of Bitcoin sits 50% below its peak. Strategy, the largest corporate holder of Bitcoin, has funded much of its buying through preferred equity, including its variable-rate Stretch preferred stock, known as STRC. That product fell near $70 from its $100 par value before a rebound. To defend the peg, Strategy raised the STRC dividend to 12% and authorized $2 billion in buybacks while unlocking further Bitcoin sales. The stock has since started climbing back toward par. “The market is supportive of these act
The post Bitcoin Faces Uncertain Terrain Under Expert Scrutiny appeared on BitcoinEthereumNews.com.
Macroeconomist Lyn Alden has raised concerns about Bitcoin‘s current status, highlighting its weakest investor confidence in the ongoing market cycle. Known for her insightful research on Bitcoin, Alden asserts that the cryptocurrency’s enduring success should rest on its inherent qualities, such as liquidity and its role as a store of value, rather than relying on […] Continue Reading:Bitcoin Faces Uncertain Terrain Under Expert Scrutiny Source: https://en.bitcoinhaber.net/bitcoin-faces-uncertain-terrain-under-expert-scrutiny
The post Top 3 Crypto Treasury Stocks to Watch Near Key Support Levels appeared on BitcoinEthereumNews.com.
Three of the largest crypto treasury stocks are testing their most important long-term support levels at the same time. Strategy (MSTR) trades near $100, Metaplanet hovers just above ¥200, and Coinbase (COIN) defends $150. Strategy leads all corporate Bitcoin (BTC) holders with 843,775 BTC, according to BitcoinTreasuries.net data from July 8. Metaplanet ranks third with 43,000 BTC, while Coinbase sits ninth with 16,492 BTC. TOP 10 Crypto Treasury Stocks / Source: Bitcointreasuries MSTR Returns to the $100 Zone That Started the 2024 Rally MSTR traded near $97 on July 8, with premarket quotes as low as $93. The stock has therefore returned to the $100 zone it broke out from in February 2024. Historically, this area acted as resistance in February 2021 and November 2021. After the breakout, it flipped into support in April 2024, August 2024, and February 2026. However, the current t
The post Business Combination Postponement Halts Cantor-Back Deal appeared on BitcoinEthereumNews.com.
A high-profile business combination in the crypto sector has hit an unexpected wall. Cantor Equity Partners I and Bitcoin Standard Treasury Co., the company associated with prominent Bitcoin advocate Adam Back, have confirmed they will not complete their proposed business combination under the originally agreed terms — and the shareholder meeting set for July 10 has been indefinitely postponed. Key takeaways Cantor Equity Partners I and Bitcoin Standard Treasury Co. will not proceed with their business combination under the original terms. Both parties are now pursuing a revised transaction structure, though no details have been disclosed. The shareholder meeting originally scheduled for July 10 has been postponed indefinitely. Adam Back, a well-known figure in the Bitcoin community, is associated with Bitcoin Standard Treasury Co. Postponement of the July 10 Shareholder Meeting The s
The post Altcoins Kick Off July Strong as Analysts Expect Rally Soon appeared on BitcoinEthereumNews.com.
The post Altcoins Kick Off July Strong as Analysts Expect Rally Soon appeared first on Coinpedia Fintech News The crypto market has started July on a stronger note, with investor confidence slowly returning after weeks of heavy selling. Although Bitcoin briefly climbed above $64,000 before pulling back to around $61,933, several altcoins have continued to post strong gains. According to blockchain analytics platform Santiment, this suggests that capital is quietly rotating back into … Source: https://coinpedia.org/news/altcoins-kick-off-july-strong-as-analysts-expect-rally-soon/
The post Paradigm Raises $1.2 Billion AI Fund, Keeps Bitcoin Bets Alive appeared on BitcoinEthereumNews.com.
Crypto News Paradigm, one of the crypto industry’s largest venture investors, has raised $1.2 billion for a new fund dedicated to artificial intelligence and robotics — its most explicit push yet beyond digital assets. The vehicle, the firm’s third venture fund, closed on Wednesday and signals a broadening strategy rather than a retreat from crypto. Managing partner Alana Palmedo described digital assets as the firm’s first frontier and still a compelling market, while acknowledging that developments elsewhere in technology had become too significant to ignore. The raise lands as Bitcoin trades near $62,000, down sharply on the year, underscoring how capital is rotating toward AI across the broader altcoin market. Founded in 2018 by Matt Huang, a former Sequoia Capital partner, and Coinbase co-founder Fred Ehrsam, Paradigm built its reputation backing protocol-level crypto proje
