Metaplanet Increases Bitcoin Holdings, Ethereum Gains

Metaplanet has significantly increased its Bitcoin investments, purchasing an additional 1,088 BTC worth $117.5 million, which boosts its total holdings to 8,888 BTC, valued at $928 million. Meanwhile, the global Ethereum investment products have witnessed strong inflows, reaching a seven-week streak of $286 million in net investments, as reported by CoinShares. Consensys has led a $425 million private placement to bolster SharpLink's plans to establish the largest Ethereum treasury among publicly traded companies. For suspicious activities, ZachXBT has flagged $11.5 million in questionable outflows from BitoPro's wallets across various blockchains, hinting at an unreported exploit. Additionally, the stablecoin market cap has surpassed $250 billion, driven by USDT and USDC amidst growing DeFi use and clearer regulatory frameworks in the U.S. Stay up-to-date with daily insights from The Block, covering critical events in the digital asset space.