Die Regierung der Vereinigten Staaten verfügt mit über 8.000 Tonnen des Edelmetalls in ihrer Bilanz über die größten Goldreserven der Welt.
Metaplanet to buy additional $11.7 million Bitcoin
- Metaplanet to raise ¥1.75 billion (over $11.7) in bonds to buy Bitcoin (BTC).
- The publicly-listed Japanese company has also unveiled a shareholder benefits program.
Metaplanet, a publicly-traded company listed in Japan, has announced plans to buy more Bitcoin (BTC) to add to its growing haul.
On Nov. 18, the Tokyo Stock Exchange listed Bitcoin Treasury Company announced it was looking to raise ¥1.75 billion in bonds to buy the flagship cryptocurrency.
The firm has issued one-year 0.36% bonds at ¥1.75 billion, approximately $11.7 million, and will use the proceeds to purchase more BTC. Currently, Metaplanet holds over 1,000 BTC.
Metaplanet is Japan’s MicroStrategy
Metaplanet’s board of directors resolved to issue the third series ordinary bonds during a meeting held on November 18, 2024, according to a regulatory disclosure. The bondholder will be EVO FUND, while the bonds will mature on November 17, 2025.
In Oct., Metaplanet announced it had adopted ‘BTC Yield’ as a key performance indicator. This followed the industry pioneer MicroStrategy whose strategy continues to inspire several other companies. On its part, MicroStrategy is eyeing $42 billion in capital over the next two-to-three years to buy Bitcoin.
Earlier this month, Michael Saylor revealed the US-based firm had acquired an addition 27,200 BTC for over $2 billion. Since the company started buying the scarce asset, it has hoarded 279,420 bitcoins purchased for over $11.9 billion.
Over the past year, MicroStrategy’s treasury operations have seen holders get 26.4% in BTC Yield – representing 157.5 BTC in daily accumulation. As Saylor recently noted, his company has achieved this “without the operational costs or capital investments typically associated with bitcoin mining.”
Metaplanet has announced a shareholder benefits program. According to the company, the program will offer exclusive perks and other added value offerings to shareholders. The firm is teaming up with VC Trade, Hotel Royal Oak Gotanda, The Bitcoin Conference, Bitcoin Magazine, and Webull Securities on this initiative.
The post Metaplanet to buy additional $11.7 million Bitcoin appeared first on CoinJournal.
Bitcoin (BTC)-Kurs könnte auf "Probleme" stoßen: Rückgang auf 70.000 US-Dollar?
Bitcoin könnte immer noch eine „gesunde Abkühlung“ verzeichnen, bevor er die Marke von 100.000 US-Dollar und mehr erreicht, so ein Analyst.
Gary Gensler Preparing to Exit SEC Chairman Role?
- Gary Gensler’s recent speech at the Annual Institute on Securities Regulation event indicates that he may expect to be out of office soon.
- This follows a pattern of SEC Chairs resigning following a change in administration.
At the PLI’s 56th Annual Institute on Securities Regulation program, held on Nov. 14, Gary Gensler’s speech hinted at his nearing the end of his term as the SEC Chairman. This comes as speculation points to incoming President Donald Trump removing him from office.
Under Gary Gensler’s leadership, the SEC has adopted a regulation-by-enforcement model, which includes hazy regulations around cryptocurrency followed by enforcement actions against exchanges and protocols that default.
During his speech, Gensler referred to his job in the past tense as one of Trump’s campaign promises to the crypto industry was to fire Gary Gensler “on day one” of his presidential term.
Gensler’s crypto enforcement record
Gensler’s SEC has some notable cases against various crypto firms, the top being Ripple, Coinbase, Uniswap, and ConsenSys.
The agency’s multi-year lawsuit against Ripple Labs ended in a partial loss as a US Judge ruled XRP is not a security. However, this ruling only applies to XRP’s public sales, not its institution ones for which the company was fined $125 million.
Despite the partial victory, the ruling was counted as more of a loss for the SEC as it set a precedence for other cryptocurrencies with similar public sales being non-securities, a development that would unwind the SEC’s regulation by enforcement.
On the other hand, Gensler’s SEC has scored some victories in its pursuit of defaulting crypto exchanges as the agency won a case against Bittrex in August 2023. The exchange was fined $24 million for violating US securities laws and has since ceased its operations within the US due to regulatory uncertainties.
Gensler also pursued cases against crypto industry giants like Coinbase, Binance, ConsenSys, and even decentralised platforms like Uniswap; some of which are still ongoing.
Regulatory obscurity under Gensler
Obscure crypto regulations have characterized Gensler’s term. The SEC’s regulation-by-enforcement regime, which was predominant in 2023 but spilt over into 2024, created an uncertain regulatory environment that left exchanges in the dark about the rules surrounding crypto listings.
Exchanges like Coinbase demanded regulatory clarity and firms like ConsenSys sued the SEC for clarification on Ethereum’s status as a security after the agency served the blockchain infrastructure provider a Wells Notice for violating securities laws through its MetaMask product.
In an interview with CNBC in 2022, Gensler revealed that he believed most cryptocurrencies are securities and should be regulated as such. However, his agency failed to provide clear regulations for crypto companies and exchanges to follow. Instead, Gensler insisted that there’d been clarity for years.
While Gensler affirmed Bitcoin is not a security, the verdict was out for several other major cryptos, Ethereum in particular being a point of contention.
Coinbase has an active lawsuit against the SEC and is pushing for a court ruling to obtain crucial crypto policy documents regarding the SEC’s crypto regulations and its findings from investigations into Ethereum as a security.
The SEC is delaying the document release citing a three-year review period.
Meanwhile, Gary Gensler faces lawsuits from a coalition of 18 US States citing gross government overreach in his regulation of digital assets.
Whether or not Gensler approaches the end of his role as the SEC Chairman, the consensus seems to be that his approach to crypto regulation leaves much to be desired. As the SEC Commissioner, Mark Uyeda, said on Fox Business Morning in October 2024, “I think our policies and our approach over the last several years have been just really a disaster for the whole industry.”
The post Gary Gensler Preparing to Exit SEC Chairman Role? appeared first on CoinJournal.
JUP price prediction: Analyst says it could mirror SOL
- JUP price has retested a key resistance line after bouncing above $1.
- Crypto analyst Rekt Capital suggests holding above support level will help bulls soar.
As Solana price surges above $240 and nears its all-time high, crypto analyst Rekt Capital says Jupiter (JUP) could follow suit.
The native token of the decentralized exchange (DEX) aggregator, which counts as a major ecosystem player for Solana, is attracting attention for its potential.
“Jupiter was able to successfully retest the previous resistance area (red) into new support. In fact, JUP performed a volatile downside retest into the multi-month blue diagonal resistance as well. Continued stability here and JUP could follow SOL,” the analyst wrote on X on Nov. 18.
Here’s the chart the analyst shared, indicating possible support levels for JUP on the weekly time frame.
JUP price at key level
Earlier, the analyst had pointed to JUP’s bullish weekly close above $1.10. Noting that price was “showing initial signs of support,” Rekt Capital said:
“JUP will need to form a base here at the red region to enable a move above $1.29 (black) which needs to be reclaimed for future trend continuation.”
The altcoin rose to above $1.30 on Nov. 17, breaking to highs last seen in May. While profit taking deals have pushed JUP lower to $1.20, sentiment suggests a rebound is imminent. At the time of writing, JUP is hovering above the psychological $1 level, having bounced from lows of $1.04 to retest levels seen in May.
Breaking to the supply zone means a rally riding broader market momentum could see buyers target the all-time high of $2.00 reached in January 2024.
On the downside, the rejection at $1.30 could see bears push JUP beyond the primary support area. A retreat to below the horizontal support near $0.70 will bring the $0.50 area into view.
The post JUP price prediction: Analyst says it could mirror SOL appeared first on CoinJournal.