Metaplanet Boosts Bitcoin Holdings to 2,235 Coins

Metaplanet Inc., a Tokyo Stock Exchange-listed company, has expanded its Bitcoin holdings by purchasing an additional 135 coins. This acquisition increases its total holdings to 2,235 Bitcoin, as part of the company's Bitcoin Treasury Operations. The recent purchase involved an aggregated investment of 1.939 billion yen at an average price of 14,360,449 yen per token, with the goal of increasing shareholder value through enhanced BTC Yield, a performance metric showcasing growth in relation to fully diluted shares.

The acquisition comes amidst a backdrop of significant developments in the global crypto landscape. The US Department of Justice (DOJ) has finalized a settlement with Aux Cayes FinTech Co. Ltd., an affiliate of crypto exchange OKX, for operating an unlicensed money transmitting business. Aux Cayes will pay more than $500 million, including $84 million in penalties and about $421 million in forfeited fees from US customers. OKX has implemented measures to enhance compliance and plans to maintain these improvements.

In Europe, DekaBank has introduced crypto trading services for institutional clients, acquiring a crypto custody license under the German Banking Act with approvals from the European Central Bank and the Federal Financial Supervisory Authority (Bafin). The bank aims to leverage its high security standards and well-established infrastructure to support institutional crypto activities, distinguishing itself from other competitors.

In the United Arab Emirates (UAE), the Dubai Financial Services Authority (DFSA) has approved Circle's stablecoins, USD Coin (USDC) and EURC, as the first recognized tokens under its crypto regime. This allows entities in the Dubai International Financial Centre (DIFC) to utilize these stablecoins in various digital asset applications such as payments and treasury management, marking a significant step in regulatory clarity and progressing the crypto infrastructure in the UAE.

In the realm of smart contract security, Certora has open-sourced its Prover tool to enhance smart contract security. This move aims to make high-level smart contract security accessible and integrated directly into the development process, promoting efficiency and inclusivity across the DeFi space. The tool, which has secured over $100 billion in total value locked and supports multiple major DeFi projects, now offers an open, community-driven model for securing smart contracts against potential exploits.

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