"Metaplanet Boosts Bitcoin Holdings; Armstrong Pushes for US Crypto Reserve; Trader Nets $7M in 24 Hours; Ryan Joins Etherealize; Ethereum Foundation Launches Silviculture Society; Base Unveils Flashblocks, Base 1"
1min read Metaplanet Inc. has expanded its Bitcoin holdings by purchasing an additional 156 bitcoins at an average price of 12,952,147 yen per Bitcoin, increasing its total holdings to 2,391 bitcoins. This acquisition is part of the company's Bitcoin Treasury Operations, which aims to diversify its investment portfolio and hedge against inflation. Metaplanet uses Bitcoin Yield (BTC Yield), a key performance indicator, to evaluate the effectiveness of its acquisition strategy and measure financial gains in yen, enhancing transparency for shareholders.
Coinbase CEO Brian Armstrong has advocated for exclusively incorporating Bitcoin into the US's proposed crypto reserve, aligning with its simplicity and potential as a digital successor to gold. This recommendation comes in response to President Donald Trump's announcement of including various cryptocurrencies like Bitcoin, Ether, SOL, XRP, and ADA in the reserve. Meanwhile, BitMEX co-founder Arthur Hayes and Binance CEO Changpeng Zhao have reacted to the news, with significant price surges noted across major crypto tokens.
A trader on Hyperliquid made $7 million in 24 hours by leveraging long positions in bitcoin and ether ahead of Trump's crypto reserve announcement. Using 50x leverage, the trader strategically positioned over $200 million, with the timely announcement boosting token prices and aiding in substantial profits. The market reacted positively, especially with additional price rises after further details of Trump's crypto strategic reserve clarified the inclusion of BTC and ETH.
Danny ryan, a prominent Ethereum developer, has joined Etherealize as a co-founder to help market Ethereum to institutional investors. Ryan aims to bridge Ethereum with the real world, complementing co-founder Vivek Raman's efforts. His role will involve leveraging real-world adoption, encouraging sensible regulation, and advancing research and development within Ethereum's multiple layers. This move coincides with leadership changes at the Ethereum Foundation and heightened investor concerns over Ethereum's declining price.
The Ethereum Foundation has launched the EF Silviculture Society, an advisory group composed of external individuals. This group will provide informal guidance to sustain Ethereum's commitment to open source, privacy, security, and censorship resistance. These core values are crucial for attracting skilled developers and maintaining the integrity of Ethereum's network.
Base has launched three innovative tools to enhance its platform: Flashblocks, Base 