AlgoCrypto https://algocrypto.app You will not earn more, but you will lose significantly less ! Fri, 27 Jun 2025 05:53:32 +0000 en-GB hourly 1 https://wordpress.org/?v=6.7.2 https://algocrypto.app/wp-content/uploads/2022/12/cropped-Sans-titre-3-1-32x32.png AlgoCrypto https://algocrypto.app 32 32 Resolv protocol denies token sales, buys 1.6M RESOLV https://algocrypto.app/resolv-protocol-denies-token-sales-buys-1-6m-resolv/ https://algocrypto.app/resolv-protocol-denies-token-sales-buys-1-6m-resolv/#respond Fri, 27 Jun 2025 05:53:31 +0000 https://algocrypto.app/resolv-protocol-denies-token-sales-buys-1-6m-resolv/ Resolv protocol denies token sales, buys 1.6M RESOLV

Resolv Protocol has pushed back against speculation of internal token sales, revealing it repurchased 1.6 million RESOLV tokens amid heightened market volatility.

In a June 27 statement on X, Tim Shekikhachev, customer success manager at Resolv (RESOLV), said the protocol’s foundation had not sold any RESOLV during the recent downturn. “In fact, at current levels, we are strong buyers,” he wrote, confirming a $240,000 buyback at around $0.15 per token over 24 hours.

Despite short-term turbulence, Shekikhachev emphasized the protocol’s long-term focus on building value through product expansion. RESOLV is trading at $0.1497 at press time, down 11% in the past day and 23% over the past week. Its market cap has fallen to $21.09 million, a 33% drop from its all-time high of $31.4 million reached on June 23.

Resolv, a decentralized stablecoin ecosystem backed by Ethereum (ETH) and Bitcoin (BTC), launched its governance and rewards token earlier this month, with just about 17% of its 1 billion total supply currently in circulation.

At launch, 2% of circulating supply was distributed to Binance Coin (BNB) holders via an airdrop. The protocol now holds over $368 million in total value locked, according to Dune Analytics data.

The protocol also manages USR, a delta-neutral, dollar-pegged stablecoin, and RLP, its insurance liquidity pool. Recent initiatives from Resolv include deeper integrations with partners like ether.fi and P2P Validator, as well as an ecosystem vault for USR. Notably, Shekikhachev claims that staking incentives and vault fee buybacks could completely offset the projected annual inflation of $4 million in RESOLV token emissions.

The protocol, which quietly began development in early 2024, has since expanded across Ethereum, Base, BNB Chain, and HyperEVM. According to a June 25 update, RESOLV, USR, and RLP are now interoperable across these chains via LayerZero (ZRO) and Stargate.

Backed by $10 million in seed funding led by CyberFund and Maven 11, Resolv appears to be betting big on the modular, multi-chain future of DeFi, staking its growth on infrastructure, not token speculation.





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Sky Protocol’s DeFi platform Grove launches with $1B backing https://algocrypto.app/sky-protocols-defi-platform-grove-launches-with-1b-backing/ https://algocrypto.app/sky-protocols-defi-platform-grove-launches-with-1b-backing/#respond Thu, 26 Jun 2025 05:37:11 +0000 https://algocrypto.app/sky-protocols-defi-platform-grove-launches-with-1b-backing/ Sky Protocol’s DeFi platform Grove launches with B backing

Sky Protocol’s decentralized finance network has launched a new institutional-grade credit protocol with a $1 billion investment into tokenized credit.

Grove, a DeFi credit infrastructure developed as part of the Sky (SKY) ecosystem, was announced in a press release on June 25. At launch, the Sky ecosystem allocated $1 billion to Grove for investments in the Janus Henderson Anemoy AAA CLO Strategy, a fully tokenized fund created in collaboration with Centrifuge.

Run by the same team that manages Janus Henderson’s $21 billion AAA CLO ETF, the strategy provides DeFi with access to a traditionally off-chain asset class known for yield stability and capital preservation. This marks the first time a collateralized loan obligation investment strategy has been deployed fully onchain.

Grove is designed to serve as a capital routing layer between onchain protocols and traditional asset managers. Through Grove’s infrastructure, crypto-native projects can deploy idle reserves into diversified, regulated vehicles, without leaving the blockchain environment. The non-custodial system allows for flexible capital allocation. 

A founding group of TradFi and DeFi veterans from Citigroup, Deloitte, BlockTower Capital, and Hildene Capital worked with Grove Labs, a division of Steakhouse Financial, to incubate the protocol.

Grove is supported by the Sky ecosystem as part of its larger Endgame strategy, which aims to reorganize its protocol into independent, modular units called “Stars” over a period of years. With Grove joining Spark as a new Star, Sky is stepping up its efforts to incorporate tokenized real-world assets into DeFi.

“Demand for high-quality, yield-generating assets onchain is growing,” said Sam Paderewski, Grove Labs co-founder. “The launch of Grove, backed by a $1 billion allocation from Sky, shows how protocols can now access liquid, institutional-grade credit without compromising decentralization or flexibility.”

The launch also reflects the growing appetite for tokenized fixed-income products in DeFi. The tokenized U.S. Treasury market has grown from $500 million to more than $7.3 billion since 2023. By providing a more diversified, actively managed product onchain, the JAAA fund continues this trend. 

Janus Henderson, which previously partnered with Centrifuge to launch the JTRSY tokenized Treasury fund, said the success of that initiative helped pave the way for this latest CLO strategy. 

“With Grove’s infrastructure, we’re expanding global access to structured credit,” said Nick Cherney, head of innovation at Janus Henderson. “Tokenizing this strategy is a major step toward integrating traditional financial products into DeFi.”

Sky co-founder Rune Christensen noted that the protocol’s long-term goal is to build an open, decentralized capital network. Grove’s launch, he said, advances that mission by adding a new layer of asset diversity to the system’s real-world asset portfolio.

As part of its roadmap, Grove will continue to facilitate allocations between asset managers and crypto-native protocols, positioning itself as a key liquidity engine for DeFi.



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How a small $300 investment in this token could reach over $450k, just like early Cardano https://algocrypto.app/how-a-small-300-investment-in-this-token-could-reach-over-450k-just-like-early-cardano/ https://algocrypto.app/how-a-small-300-investment-in-this-token-could-reach-over-450k-just-like-early-cardano/#respond Wed, 25 Jun 2025 05:56:22 +0000 https://algocrypto.app/how-a-small-300-investment-in-this-token-could-reach-over-450k-just-like-early-cardano/ How a small 0 investment in this token could reach over 0k, just like early Cardano


Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

LILPEPE, a Layer 2 memecoin, hints at Cardano-like gains, turning $300 into $450k could be more than just a dream.

What if a tiny $300 investment today could blossom into over $450,000 by 2025? Sounds like a crypto fairy tale. Previously, Cardano (ADA) achieved a comparable feat, initiating at a mere $0.0024 and reaching a peak of over $3.

Now, LILPEPE, a blazing-hot memecoin backed by a powerful Layer 2 blockchain, is setting the stage for what could be crypto’s next legendary run. And the best part? It’s still early. Welcome to the birth of a new digital order. Welcome to LILPEPE, the newborn EVM Layer 2 Machine built for memes, speed, and unstoppable growth.

The Cardano blueprint: From pennies to millions

In 2017, Cardano was largely overlooked. It was just another coin with promises. But those who believed and bought ADA at fractions of a cent walked away with life-changing wealth. A $300 investment at $0.0024 would’ve multiplied to 125,000 ADA. When ADA peaked at $3.09, that was worth $386,250. Today, LILPEPE is bringing back memories.

LILPEPE: Not just a meme, a movement

LILPEPE is here to rewrite the playbook for memecoins. Forget coins with zero utility. LILPEPE comes fully loaded with:

  • A Lightning-Fast Layer 2 EVM Blockchain.
  • A zero-tax trading environment — friendly for whales and retail alike.
  • A meme launchpad fueling explosive community growth.
  • Anti-bot security to ensure fair access.
  • Long-term tokenomics with massive upside potential.

Little Pepe Chain is the low-cost, high-speed protocol built for the next-generation degenerate army at the intersection of meme power and scalable technology. It’s not just a coin, it’s a crypto revolution wrapped in memes.

Stage 3 presale: 69.99% filled, and time’s running out

Let’s talk numbers. Currently in Stage 3 of its presale, LILPEPE is priced at $0.0012, with over 1.57 billion tokens already sold. The goal? 2.25 billion. And guess what? 69.99% has already been filled in under 72 hours!

Stage 3 Price: $0.0012
Next Stage Price: $0.0013
Launch Price: $0.003

Interested investors who can buy now at $0.0012 will be up 150% once the token hits the market at $0.003. That’s without even factoring in the post-launch pump. Stage 2 of the presale only lasted two days, and with momentum this strong, Stage 3 could sell out before the weekend is over.

The path to $0.32: 266x gains are on the table

Let’s do some quick math for the dreamers (and future millionaires):

$300 at $0.0012 gets 250,000 LILPEPE tokens. If LILPEPE reaches $0.32 by the end of 2025 (a conservative estimate based on its roadmap and hype), that is now worth $80,000.

But that’s not all. Early-stage analysts are forecasting a possible surge past $1 — that’s an 833x move, turning $300 into over $250,000, or even $450,000 if someone jumps in early during Stage 1 at $0.0010.

Does buying DOGE in 2013 sound wild? So did buying SHIB in 2020. Yet history keeps rewarding those who get in early.

FOMO alert: Whales are already here

Let’s be real; deep-pocketed investors have been loading up on LILPEPE like it’s a golden ticket. The rapid filling of Stage 3 shows that FOMO is real and growing. Social chatter, wallet activity, and significant presale contributions are all spiking. The launch price of $0.003 is already baked into whale strategies, and they’re betting on LILPEPE soaring to $0.32 or beyond.

So, while others wait for a dip, the smart money is moving now.

Community power + $770,000 giveaway

LILPEPE isn’t just a token — it’s becoming a movement. And it’s giving back to its early believers in a massive way. The team is organizing an incredible $770,000 giveaway, where 10 lucky winners will each receive $77,000 worth of LILPEPE tokens.

This isn’t a drill. This is generational wealth in the making, and LILPEPE ensures its community wins alongside it.

The new world order starts with a meme

LILPEPE is the first of its kind: a memecoin with its Layer 2 blockchain, purpose-built for scalability, fairness, and ecosystem development. As the crypto world searches for the next ADA, the next SHIB, the next PEPE… the answer is hatching right in front of us.

It’s not too late. 

Buy at $0.0012.
Launch at $0.003.
Ride it past $1.
Turn $300 into $450,000.

Enter the new world order with LILPEPE.
In this new world order, memes are not just jokes; they represent the future of finance.

To learn more about Little Pepe, visit the website, Telegram, and X.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.



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Crypto market rebounds due to potential Israel-Iran ceasefire  https://algocrypto.app/crypto-market-rebounds-due-to-potential-israel-iran-ceasefire/ https://algocrypto.app/crypto-market-rebounds-due-to-potential-israel-iran-ceasefire/#respond Tue, 24 Jun 2025 05:37:12 +0000 https://algocrypto.app/crypto-market-rebounds-due-to-potential-israel-iran-ceasefire/ Crypto market rebounds due to potential Israel-Iran ceasefire 

The cryptocurrency market rallied on Tuesday, June 24, following news of a potential truce between Israel and Iran, announced by U.S. President Donald Trump. 

According to a June 24 report by Reuters, Trump said both countries had agreed to end hostilities after a 12-day conflict, though Israel has yet to confirm the agreement, and missiles were reportedly launched from Iran early Tuesday. 

Markets reacted swiftly. After suffering losses over the weekend due to concerns about a wider conflict in the Middle East, the global cryptocurrency market capitalization increased 2.4% to $3.35 trillion. Bitcoin (BTC) climbed 3.7% to $105,000, while Ethereum (ETH) surged 7% to $2,396. Solana (SOL) and XRP (XRP) also posted strong gains of 7% and 6%, respectively.

Alternative’s Crypto Fear & Greed Index jumped 18 points to 65, marking a return to “Greed” territory. Other market indicators suggest improving sentiment. Data from Coinglass shows the average relative strength index across the market rose to 58, a neutral level. Open interest rose by 4% to $135 billion, while total liquidations dropped to $481 million, down 24% from the previous day.

Markets had turned lower just two days earlier when U.S. airstrikes on Iranian nuclear sites sparked fears of prolonged conflict and economic disruption. Bitcoin fell nearly 4% to $98,615 at the time, with Ethereum and Solana dropping up to 10%. The attack also led to nearly $1 billion in crypto long-liquidations and a $40 billion loss in total market capitalization.

Traders now appear cautiously optimistic. Trump claimed the ceasefire was brokered in coordination with Israeli Prime Minister Benjamin Netanyahu and mediated through Qatari and U.S. diplomatic channels. While Iranian officials suggested a willingness to pause attacks if Israel halted further aggression, they stopped short of a full commitment.

In traditional markets, the ceasefire news also boosted sentiment. After-hours trading saw a 0.4% increase in S&P 500 futures, while oil prices fell from recent highs as concerns about disruptions to Gulf shipping routes subsided.

Crypto markets seem to be pricing in a de-escalation for the time being, but traders are still on the lookout for any new developments. The rally might depend on whether the ceasefire holds in the days ahead, as geopolitical risk is still high and neither party has officially confirmed a ceasefire.



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Bitcoin rebounds above 100K as market absorbs Iran war fears https://algocrypto.app/bitcoin-rebounds-above-100k-as-market-absorbs-iran-war-fears/ https://algocrypto.app/bitcoin-rebounds-above-100k-as-market-absorbs-iran-war-fears/#respond Mon, 23 Jun 2025 05:33:52 +0000 https://algocrypto.app/bitcoin-rebounds-above-100k-as-market-absorbs-iran-war-fears/ Bitcoin rebounds above 100K as market absorbs Iran war fears


Bitcoin has clawed its way back above the $100,000 after briefly dipping below the key psychological level for the first time in months driven by Middle East geopolitical tensions.

The rebound follows a steep sell-off brought on by rising Middle East tensions after U.S. airstrikes on Iranian nuclear facilities at Fordow, Natanz, and Isfahan. A wave of liquidations followed, pushing Bitcoin down almost 4% to a multi-week low of $98,615 on June 22. Meanwhile, Ethereum (ETH) and Solana (SOL) saw losses of up to 10% and 5%, respectively.

The airstrikes, confirmed by President Donald Trump, marked a major escalation in the Israel-Iran conflict. Iran’s planned closure of the Strait of Hormuz, a vital route for 20% of global oil shipments, raised fears that oil prices could spike to $120–$130 per barrel and push U.S. inflation back up toward 5%. 

The immediate result was a flight to safe-haven assets like gold and the U.S. dollar, a $40 billion wipeout of the cryptocurrency market, and almost $1 billion in long-position liquidations. However, signs of stabilization emerged quickly.

Bitcoin recovered above $100,000 thanks to a 75.8% increase in daily trading volume to more than $48.4 billion. Despite a slight decline in open interest, Coinglass data shows that derivatives activity also surged, with volume rising 67% to $136 billion. This indicates that some market participants reduced their exposure in the face of uncertainty but may be returning.

From a technical perspective, the general trend is still bearish for the near future. Bitcoin is trading below its downward-sloping 10-day and 20-day exponential moving averages. Weak upward momentum and a tilt toward the lower band near $98,000, a crucial support zone, are indicated by the Bitcoin’s price hovering below the Bollinger Bands’ midline.

Bitcoin price analysis. Credit: crypto.news

Momentum indicators show mixed signals. With a relative strength index of 39, the market is weak but not yet oversold. The stochastic RSI and stochastic oscillators are in buy territory, suggesting a potential short-term recovery. The 10-day momentum and moving average convergence divergence, however, are still firmly bearish.

Bitcoin may retest resistance in the $105,000–$106,000 range if geopolitical tensions subside. On the flip side, many analysts on X warn of further declines towards $92,000 or lower if the conflict intensifies, especially given Iran’s threats of retaliation.

The speed of diplomatic resolution and whether exchange-traded fund inflows can continue to withstand sell-side pressure will likely determine how Bitcoin responds, as has been the case in previous crises.



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Staked ETH eclipses 35m as crypto reserves fuel supply squeeze https://algocrypto.app/staked-eth-eclipses-35m-as-crypto-reserves-fuel-supply-squeeze/ https://algocrypto.app/staked-eth-eclipses-35m-as-crypto-reserves-fuel-supply-squeeze/#respond Sat, 21 Jun 2025 05:30:12 +0000 https://algocrypto.app/staked-eth-eclipses-35m-as-crypto-reserves-fuel-supply-squeeze/ Staked ETH eclipses 35m as crypto reserves fuel supply squeeze

With a record 35 million Ether now staked, liquidity is tightening as investors opt for passive yield over short-term trades. Corporate treasuries, led by firms like SharpLink, are accelerating the trend.

According to Dune Analytics data, the total amount of staked Ether (ETH) surged past 35 million tokens this week, marking a new all-time high for Ethereum’s proof-of-stake network.

This figure now accounts for over 28% of the cryptocurrency’s circulating supply of more than 120 million tokens. With more than a quarter of all Ether locked into staking contracts, the available liquid supply on exchanges is shrinking fast, and may plummet further, as the number of public companies and large institutions looking to hold rather than trade the asset continues to rise.

Who’s locking up ETH supply?

Ethereum staking has been rising steadily since the network transitioned to proof-of-stake in late 2022, but recent months have brought a sharper uptick. According to a June 18 CryptoQuant report, over 500,000 ETH was staked in the first half of June alone, pushing the total above 35 million.

Dune Analytics data shows that Lido, the leading liquid staking protocol, now controls 8.75 million ETH, or roughly a quarter of all staked tokens. Centralized exchanges like Coinbase and Binance follow, collectively validating another 15% of the network.

But the more significant shift is happening off-chain, where corporate balance sheets are quietly becoming ETH accumulation vehicles. These firms are increasingly treating Ether not just as a tech investment, but as a long-term treasury asset.

As reported by crypto.news, Nasdaq-listed SharpLink Gaming purchased $463 million worth of ETH on June 13, becoming the second-largest known holder behind the Ethereum Foundation. The company also announced it had staked over 95% of its total holdings to generate yield while contributing to Ethereum’s network security.

For companies like SharpLink, the logic behind buying and staking ETH is structural. The token offers a roughly 3% staking yield, and the SEC’s May 2024 guidance effectively greenlit institutional participation by clarifying that protocol-level staking does not fall under securities regulation.



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Cardano joins Brave Wallet beta as ADA eyes recovery https://algocrypto.app/cardano-joins-brave-wallet-beta-as-ada-eyes-recovery/ https://algocrypto.app/cardano-joins-brave-wallet-beta-as-ada-eyes-recovery/#respond Fri, 20 Jun 2025 05:36:40 +0000 https://algocrypto.app/cardano-joins-brave-wallet-beta-as-ada-eyes-recovery/ Cardano joins Brave Wallet beta as ADA eyes recovery


Cardano has quietly been added to the beta version of Brave Wallet, giving the blockchain protocol direct exposure to the browser’s 88 million monthly active users.

The update was first spotted by a Cardano-focused X page on June 19, which shared a screenshot showing Cardano (ADA) live in the wallet interface. This follows an official announcement from May, when Input Output, Cardano’s core development firm, and Brave Software confirmed plans to integrate full Cardano support into Brave’s browser-native crypto wallet.

The integration allows users to send, receive, swap, and sign transactions using Cardano assets within the privacy-focused browser. It also lets Cardano owners manage tokens like Midnight’s NIGHT, engage with decentralized apps, and participate in governance.

Despite the update, which is expected to improve Cardano’s exposure massively, price action has yet to reflect a strong response. At press time, Cardano is trading at $0.6002, down 0.5% on the day and near the lower end of its 7-day range between $0.5913 and $0.6556.

Spot market activity has weakened, with ADA’s 24-hour trading volume falling 47.3% to $360 million. Derivatives metrics reflect this trend. According to Coinglass data, open interest has slightly decreased and derivatives volume is down 42%. This implies a decrease in speculative interest. 

Looking at the technical picture, ADA is still declining in a clearly defined downtrend, trading near its lowest level since mid-April. The price is below all significant moving averages, ranging from the 10-day to the 200-day, indicating strong bearish momentum.

Cardano price analysis. Credit: crypto.news

The Bollinger Bands have been narrowing, with the lower band around $0.5899 acting as nearby support. ADA is hugging this lower band, which is usually an indication that selling pressure is present. 

Momentum indicators, on the other hand, show a neutral to bearish picture. With a value of 32.8, the relative strength index is getting close to oversold territory but hasn’t displayed any reversal signals yet.

The moving average convergence divergence is still in negative territory, while the stochastic RSI shows that ADA is deeply oversold but lacks a definite bullish divergence. Although there may be a short-term rebound indicated by the Commodity Channel Index at -124, the general trend direction is still downward.

A bullish RSI crossover and fresh volume may support a sustained move above $0.63. ADA could move toward the $0.70 resistance zone if it breaks above the 20-day estimated moving average close to $0.65.

Conversely, a continuation of low volume and rejection at the 10-day EMA around $0.6265 would validate the current downward trend. A deeper decline toward $0.55 might be possible if the price fails to stay above the $0.59 support.



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Nasdaq-listed firm announces $50M Hyperliquid reserve https://algocrypto.app/nasdaq-listed-firm-announces-50m-hyperliquid-reserve/ https://algocrypto.app/nasdaq-listed-firm-announces-50m-hyperliquid-reserve/#respond Wed, 18 Jun 2025 05:42:14 +0000 https://algocrypto.app/nasdaq-listed-firm-announces-50m-hyperliquid-reserve/ Nasdaq-listed firm announces M Hyperliquid reserve

A Nasdaq-listed biotech company is betting big on crypto with a $50 million move into Hyperliquid’s HYPE token.

According to a June 17 press release from Eyenovia, Inc., a U.S.-based ophthalmic technology firm, the company has secured $50 million in private equity financing to accumulate over 1 million Hyperliquid (HYPE) tokens. With this move, Eyenovia becomes the first publicly traded U.S. company to hold HYPE in its treasury and operate as a Hyperliquid blockchain validator.

The funding deal includes convertible preferred shares and warrants, which could raise up to $150 million if fully exercised. Alongside the announcement, Eyenovia named Hyunsu Jung as chief investment officer and board member to oversee the new digital asset strategy.

“We’re pleased to join the growing number of companies adopting cryptocurrency treasury strategies,” said chief executive officer Michael Rowe. “We believe this move supports long-term capital appreciation and shareholder value.”

Jung called HYPE “the most robust digital asset,” citing Hyperliquid’s rapid growth and leading onchain revenue. HYPE ranks as the 12th-largest cryptocurrency by market cap, having surged 380% from its April low to an all-time high of $45.57 on June 16. At press time, HYPE is trading at $40.24, down 11% from its peak.

Hyperliquid, a high-speed Layer 1 blockchain optimized for perpetuals trading, has seen a wave of adoption. In the past 30 days, it has accounted for 60% of the total onchain perps volume, according to data from a Dune Analytics dashboard. Monthly perps volume has topped $250 billion, making it a strong competitor to centralized exchanges such as Binance.

Eyenovia plans to execute a staking strategy with its HYPE holdings and use Anchorage Digital to secure its assets. In addition, the company will rebrand to “Hyperion DeFi”  and change its ticker symbol to HYPD.

Eyenovia will keep working on its flagship Optejet eye treatment device, which is expected to receive FDA registration by September, while branching out into cryptocurrency. If other public companies follow Eyenovia’s lead, Hyperliquid could see a sharp increase in token demand and network effects, potentially positioning it as a top 10 blockchain by market capitalization.



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JPMorgan files for JPMD trademark as GENIUS Act heads to vote — is a stablecoin in the works? https://algocrypto.app/jpmorgan-files-for-jpmd-trademark-as-genius-act-heads-to-vote-is-a-stablecoin-in-the-works/ https://algocrypto.app/jpmorgan-files-for-jpmd-trademark-as-genius-act-heads-to-vote-is-a-stablecoin-in-the-works/#respond Tue, 17 Jun 2025 05:37:08 +0000 https://algocrypto.app/jpmorgan-files-for-jpmd-trademark-as-genius-act-heads-to-vote-is-a-stablecoin-in-the-works/ JPMorgan files for JPMD trademark as GENIUS Act heads to vote — is a stablecoin in the works?

JPMorgan Chase has filed a trademark application for “JPMD,” prompting speculation the bank may be preparing to launch its stablecoin.  The application, filed on June 15 with the U.S. Patent and Trademark Office, describes JPMD as a service for “trading,…



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Metaplanet hits 10K Bitcoin after latest 1,112 BTC purchase https://algocrypto.app/metaplanet-hits-10k-bitcoin-after-latest-1112-btc-purchase/ https://algocrypto.app/metaplanet-hits-10k-bitcoin-after-latest-1112-btc-purchase/#respond Mon, 16 Jun 2025 05:32:42 +0000 https://algocrypto.app/metaplanet-hits-10k-bitcoin-after-latest-1112-btc-purchase/ Metaplanet hits 10K Bitcoin after latest 1,112 BTC purchase

Metaplanet has officially crossed the 10,000 BTC threshold, achieving its year-end 2025 target six months ahead of schedule. 

On June 16, the Tokyo-listed company disclosed the purchase of 1,112 additional Bitcoin (BTC) at an average price of 15.18 million yen per BTC, roughly $105, 000, bringing its total holdings to exactly 10,000 BTC. The acquisition, valued at approximately 16.88 billion yen, about $110 million, marks a major milestone in the firm’s Bitcoin accumulation strategy.

The latest purchase was financed through the issuance of a new $210 million bond to EVO Fund, also announced on June 16. These zero-interest bonds are scheduled to mature in December 2025 but can be redeemed earlier. 

The entire amount raised is being directed toward buying more Bitcoin, continuing the company’s focused approach to BTC accumulation. While the firm expects little impact on its full-year earnings, it has said it will update the market if anything changes.

Originally, Metaplanet’s longer-term goal was to reach 21,000 BTC by 2026 under what it called the “21 Million Plan.” But in a major shift this June, the company raised its ambitions, now targeting 100,000 BTC by the end of 2026 and 210,000 BTC by 2027. That final figure would represent 1% of Bitcoin’s total supply.

Alongside its Bitcoin buying, the company uses internal performance metrics to track progress. One of these, BTC Yield, measures how much Bitcoin is held per fully diluted share and is designed to reflect the impact of both buying BTC and issuing shares. As of June 16, the yield for the current quarter was 87.2%. Past quarters have seen even sharper increases, including a 309.8% rise in Q4 2024.

To finance its expansion, Metaplanet has also raised money through stock sales. It granted EVO Fund 21 million new share rights in five tranches in January, with flexible pricing and no discounts. The firm’s aggressive capital raise and BTC acquisitions have positioned it as Asia’s largest corporate holder of Bitcoin and the eighth largest holder globally.



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