Schlagwort: crypto business

• CEO Simon Gerovich said in a post on X that the purchase was made at an average price of roughly $111,666 per Bitcoin.
• Bitcoin steadied near $111,300 on Monday after gaining nearly 3% last week.
• The new acquisition brought Metaplanet’s total holdings to 20,136 BTC.

Japanese Bitcoin treasury firm Metaplanet announced Monday that it purchased an additional 136 BTC for about $15.2 million, as it continues to build its cryptocurrency reserves.

CEO Simon Gerovich said in a post on X that the purchase was made at an average price of roughly $111,666 per Bitcoin.

The new acquisition brought Metaplanet’s total holdings to 20,136 BTC, acquired at approximately $2.08 billion based on the company’s cumulative purchase price of $103,196 per bitcoin.

According to BitcoinTreasuries data, Metaplanet now ranks sixth globally among publicly traded companies with Bitcoin reserves, behind Strategy, Mara, XXI, Bitcoin Standard Treasury Company, and Bullish.

Michael Saylor’s Strategy remains the largest corporate holder, with 636,505 BTC.

Metaplanet has acquired 136 BTC for ~$15.2 million at ~$111,666 per bitcoin and has achieved BTC Yield of 487% YTD 2025. As of 9/8/2025, we hold 20,136 $BTC acquired for ~$2.08 billion at ~$103,196 per bitcoin. $MTPLF pic.twitter.com/nwEAv0NzQq

— Simon Gerovich (@gerovich) September 8, 2025

Shares of Metaplanet dipped following the announcement. The stock slipped 1.2% around midday Monday in Japan, while US-traded shares closed down 1.6% at $4.86 on Friday.

The company’s stock has dropped 30% over the past month but remains up 101% year-to-date.

El Salvador adds Bitcoin on anniversary

In a separate development, El Salvador President Nayib Bukele said Monday that the country acquired an additional 21 BTC to mark “Bitcoin Day,” the anniversary of the law making the cryptocurrency legal tender in September 2021.

The purchase brought El Salvador’s total holdings to 6,313 BTC, according to its Bitcoin Office.

The move comes after a July report from the International Monetary Fund, which stated that El Salvador had not added to its bitcoin reserves since signing a $1.4 billion loan agreement in December 2024 that required it to scale back purchases.

Bitcoin price outlook

Bitcoin steadied near $111,300 on Monday after gaining nearly 3% last week, rebounding from three consecutive weeks of declines.

The price remains below its all-time high of $124,474 but has recovered modestly amid improved risk sentiment in global markets and growing expectations of a Federal Reserve interest rate cut.

Technical indicators show momentum improving.

The Relative Strength Index (RSI) on the daily chart stood at 46 and pointed upward toward its neutral 50 level, signalling that bearish momentum is fading.

If Bitcoin sustains its recovery, analysts see potential for a move toward resistance near $116,000.

Ethereum has been trading in a narrow range between $4,232 and $4,488 over the past nine days.

It was last seen near $4,300 after rebounding from its lower boundary.

A daily close above $4,488 could open the path toward its record high of $4,956 if support at $4,232 continues to hold.

 

The post Metaplanet buys 136 BTC, total holding reaches 20,136 appeared first on CoinJournal.

• The funds shed a total of $787.6 million between Tuesday and Friday.
• Over the same period, Bitcoin ETFs saw $250.3 million in net inflows.
• The weekly reversal comes after a strong August for Ether ETFs, which attracted $3.87 billion in inflows.

US-based spot Ether exchange-traded funds (ETFs) saw four straight days of net outflows during the shortened trading week following Labor Day, reversing some of the momentum that had built up in August.

The funds shed a total of $787.6 million between Tuesday and Friday, with the sharpest move on Friday when $446.8 million exited the products, according to data from Farside.

Date	ETHA (BlackRock)	FETH (Fidelity)	ETHW (Bitwise)	TETH (21Shares)	ETHV (VanEck)	QETH (Invesco)	EZET (Franklin)	ETHE (Grayscale Mini)	ETH (Grayscale ETHE)	Total
02 Sep 25	0.0	(99.2)	(24.2)	(6.6)	0.0	0.0	0.0	(5.3)	0.0	(135.3)
03 Sep 25	(151.4)	65.8	20.8	0.0	0.0	0.0	0.0	0.0	26.6	(38.2)
04 Sep 25	148.8	(216.7)	(45.7)	0.0	(17.2)	(2.1)	(1.6)	(26.4)	(6.4)	(167.3)
05 Sep 25	(309.9)	(37.8)	0.0	(14.7)	0.0	0.0	0.0	(51.8)	(32.6)	(446.8)

Over the same period, Bitcoin ETFs saw $250.3 million in net inflows.

The weekly reversal comes after a strong August for Ether ETFs, which attracted $3.87 billion in inflows.

Bitcoin ETFs, in contrast, recorded $751 million in outflows during the month.

Long-term optimism

Despite the recent weakness, several market participants remain bullish on Ether’s outlook.

On Wednesday, BitMine chairman Tom Lee reiterated his forecast that ETH could eventually reach $60,000.

Speaking on the Medici Presents: Level Up podcast, he said Wall Street’s growing interest in the token could become a “1971 moment” for the asset, a reference to the US ending the gold standard and ushering in a new financial era.

BitMine is the largest Ether treasury company, holding about $8.04 billion worth of ETH, according to data from StrategicETHReserve.

Collectively, Ether treasury companies now control 2.97% of the token’s circulating supply, valued at $15.49 billion at the time of publication.

Whale accumulation

Supporting that outlook, blockchain analytics firm Santiment noted that large Ether holders have steadily increased their positions.

Wallets holding between 1,000 and 100,000 ETH — worth between $4.31 million and $430.63 million — have grown their balances by 14% since April, when ETH touched yearly lows.

“In exactly 5 months, they have added 14.0% more coins,” Santiment said in a post on X.

The firm suggested that the accumulation trend could provide underlying support for the asset even as ETF flows fluctuate.

Market context

Ether traded at $4,313 on Saturday, while Bitcoin stood at $110,238.

The diverging ETF flows highlight shifting sentiment between the two largest cryptocurrencies as traders weigh the impact of macroeconomic conditions, regulatory clarity, and institutional adoption.

While short-term flows have turned negative, Ether’s strong August performance and continued interest from institutional players suggest that investors remain divided on whether the latest moves mark a pause or the start of a broader rotation back into Bitcoin.

The post Ether ETFs see $788M in outflows: what’s going on? appeared first on CoinJournal.

• Litecoin’s latest bounce has the LTC price above $110.
• Analysts project an uptick to $140-$150 targets if momentum sustains.
• Litecoin’s performance aligns with major altcoins like Ethereum and Solana.

Litecoin (LTC) price has climbed above $110 in the past 24 hours as investors eye a potential bounce toward $140.

This comes as market sentiment and technical indicators signal bullish strength for altcoins.

Litecoin price bounces above $110

Litecoin climbed past the $110 threshold on Friday, trading near $113 as of September 5, 2025.

The move reflects a 1.8% gain in the past 24 hours and leaves the token nearly 4% higher over the week, even as the broader cryptocurrency market has struggled.

The uptick comes at a time when other major altcoins, including Ethereum and Solana, have seen declines tied to profit-taking.

Holding above the $110 level is viewed as an encouraging sign for Litecoin bulls, who see the milestone as a potential base for further momentum.

Combining growing optimism around potential Litecoin spot ETF approvals, with Bloomberg analysts estimating a 90% chance of a SEC greenlight, and institutional interest in treasury bets, sees Litecoin trend as one of the coins to watch.

LTC price – what’s the forecast?

The last time LTC price hovered at key levels above $110 was when bulls rallied to highs of $132 in mid-August.

Gains in the past 24 hours aligned with Bitcoin’s flip to $112k after teasing support around $109k.

Bitcoin is holding near key levels amid expectations of a fourth-quarter rebound, and Litecoin may track its trajectory toward recent highs above $170.

Broader sentiment, however, remains cautious given ongoing macroeconomic concerns, including the risk of a slowdown in the US economy.

The upcoming US jobs report on Friday is expected to play a significant role in shaping near-term moves for Litecoin and the wider crypto market.

Also, technical and on-chain metrics paint an optimistic picture for Litecoin.

In particular, keeping $110 as a support could help push bulls into decisive action.

On the daily chart, LTC exhibits bullish signals, with the Relative Strength Index (RSI) at 48, but indicating a potential reversal.

Although sellers have pushed LTC below the middle line of a rising channel, the Moving Average Convergence Divergence (MACD) hints at a bullish crossover.

What are the key levels?

Analysts highlight $110 as a key support level; holding above this could pave the way for a push toward $140, while a drop below might see LTC test $102 and then $94.

On-chain data support the bullish outlook, with nearly half of LTC’s supply held by large investors and long-term holders, indicating confidence in its long-term value.

However, recent spikes in exchange inflows suggest some traders may be preparing to sell near resistance levels, which could introduce volatility.

Large transaction volumes, which peaked at 4.93k when LTC neared $140 in January 2025, have since declined to 3.43k, reflecting consolidation.

A breakout above $137, where liquidity clusters exist, could trigger a short squeeze, potentially pushing LTC toward $145-$150.

The post Litecoin price prediction: can LTC reclaim $140 amid latest bounce? appeared first on CoinJournal.

• World Liberty Financial (WLFI) froze 540M tokens linked to Justin Sun’s wallet.
• Sun insists the freeze violates investor rights and trust.
• WLFI price has fallen from $0.46 at launch to about $0.18.

Justin Sun has publicly appealed to World Liberty Financial (WLFI) to unfreeze his tokens after the project restricted access to 540 million unlocked WLFI tokens linked to his wallet.

The Tron founder, who joined WLFI as an advisor and early investor, argues that the move violates the fundamental principles of fairness and transparency that should guide blockchain projects.

WLFI leadership blacklisted Justin Sun’s address

The freeze followed a series of transactions from a wallet tied to Sun on the Ethereum blockchain.

The WLFI leadership blacklisted his address, preventing him from transferring tokens that he insists were lawfully obtained.

According to Sun, the transactions were nothing more than small-scale tests of exchange deposits. He emphasised that these movements involved no buying or selling that could have influenced the market in any significant way.

In response, Sun called on the WLFI team to immediately unlock his tokens and respect the rights of all investors.

He expressed concern that unilateral freezes risk undermining the project’s credibility and discouraging confidence among the wider community.

Sun’s public appeal

Taking to X, Sun delivered a direct message both to the WLFI team and to the broader global community.

He reminded followers that he had invested not just financially, but also emotionally and strategically, in the project’s early development.

Sun disclosed that he initially purchased $30 million worth of WLFI tokens in late 2024, aligning his interests with those of other early supporters.

“My tokens were unreasonably frozen,” he wrote. “As one of the early investors, I joined together with everyone — we bought in the same way, and we all deserve the same rights.”

Sun went on to argue that tokens should be considered “sacred and inviolable,” setting blockchain apart from traditional finance, where unilateral freezes remain commonplace.

The Tron founder urged WLFI to reverse course, highlighting that true financial brands can only grow through fairness, transparency, and trust. He warned that anything less risks damaging the project’s reputation and alienating its community.

Market jitters and governance questions

WLFI’s price movements since its debut have been turbulent. The token debuted on September 1 at $0.46, only to drop to $0.25 within two hours due to heavy selling pressure on major exchanges, including Binance, OKX, and Gate.

Since then, it has continued to slide, hovering just above $0.18 at press time, a decline of nearly 19% since launch.

The controversy surrounding Sun’s wallet has amplified concerns about the governance structure of WLFI.

Despite being presented as a decentralised platform, the ability of project leaders to blacklist wallets and freeze investor tokens has raised sharp questions.

Critics argue that such unilateral actions undermine the very principles of decentralisation that projects like WLFI are supposed to uphold.

The WLFI team is yet to respond directly to Sun’s calls, leaving uncertainty hanging over the project during its crucial early days.

With the token struggling to maintain stability and investors wary of governance risks, the handling of this dispute may determine whether WLFI can recover trust and build a lasting reputation in the competitive digital asset market.

The post Justin Sun publicly asks for the unfreezing of his WLFI tokens appeared first on CoinJournal.