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Bitcoin Surge: French Probe Binance, US Welcomes Crypto-Friendly Secretary, Metaplanet's $745M Bitcoin Bet

Coin WorldTuesday, Jan 28, 2025 1:56 pm ET

1min read

Bitcoin (BTC) Price Prediction for January 28: Market Sentiment Shifts Amid Regulatory Scrutiny and Institutional Interest

Bitcoin (BTC) has been the subject of intense scrutiny and speculation as the cryptocurrency landscape continues to evolve. Recent developments indicate a resurgence of interest in Bitcoin, with prominent analysts suggesting that a new wave of investment is on the horizon. The crypto market is experiencing significant shifts as influential figures and institutions navigate opportunities and challenges in the market.

In a notable development, French authorities have escalated their investigation into Binance, a leading global cryptocurrency exchange. The probe focuses on serious allegations, including money laundering, tax fraud, and drug trafficking. This investigation marks a significant development in the ongoing regulatory challenges faced by cryptocurrency exchanges worldwide. Binance has previously faced similar scrutiny in multiple jurisdictions, but the renewed investigation in France comes amid heightened concerns over compliance and transparency in the crypto sector.

In the United States, the Senate confirmed Scott Bessent as the new Treasury Secretary. Bessent's appointment comes during a time of increasing legitimacy and integration of cryptocurrencies into mainstream finance. Known for his pro-crypto stance, his leadership is anticipated to influence regulatory conversations that could reshape policies concerning digital assets. This confirmation, with a significant majority of 68-29 votes, reflects a shifting political trend where cryptocurrency is gradually gaining acceptance among lawmakers.

Metaplanet, a Japanese-listed company, has announced a bold plan to expand its Bitcoin holdings. The company disclosed its plan to produce 21 million new share subscription rights on January 27, 2025. The initiative seeks to secure ¥116 billion ($745 million) to buy Bitcoin. In terms of historical financing achievements, this Bitcoin initiative stands as one of Asia's most substantial stock market operations ever undertaken. By 2025 year-end, Metaplanet plans to expand its balance sheet with 10,000 Bitcoin acquisitions. The company targets a total holding of 21,000 bitcoins by December 2026, aiming to become a global leader among corporate Bitcoin owners.

Metaplanet's ambitious plan comes on the heels of a successful 2024, during which the company experienced a 309.82% increase in Bitcoin yield during Q

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