Metaplanet raises $130M to buy more Bitcoin and expand income operations

Tether's Hadron has integrated Crystal Intelligence to bolster its compliance infrastructure for Real World Assets (RWA), aiming to enhance the security and scalability of tokenized assets. This strategic move reflects Tether's commitment to maintaining regulatory compliance in the evolving cryptocurrency landscape.

KuCoin has secured registration with AUSTRAC, allowing it to operate as a cryptocurrency exchange in Australia. This registration marks a significant step in enhancing regulatory compliance and expanding the accessibility of digital currencies in the Australian market.

SGX has successfully launched Bitcoin and Ethereum perpetual futures, achieving a notable trading volume of $35 million on their debut. This marks a significant entry into the cryptocurrency derivatives market, reflecting growing interest from investors in these digital assets.

The cryptocurrency market has seen notable fluctuations, with Bitcoin's price stabilizing around $90,000 despite pressures from ETF outflows and market volatility. This stabilization comes after a period of significant price drops and uncertainty in the market.

Bitcoin has experienced a significant decline, falling over 30% in value, with recent trading pushing the price down to around $82,000. This sharp drop has caused panic among newer investors, while veteran holders remain largely unfazed, viewing such volatility as a normal aspect of Bitcoin's history.

The cryptocurrency market is witnessing a potential bubble in Bitcoin treasuries as companies shift from a HODL strategy to more active management, focusing on yield generation and share buybacks amid significant net asset value (NAV) discounts. This trend indicates a growing urgency among firms to optimize their Bitcoin holdings in response to market pressures.

Over 8% of Bitcoin changed hands in the past week as traders prepared for the US Federal Reserve's upcoming rate decision, marking one of the largest supply migrations in the cryptocurrency's history. This movement reflects shifting expectations regarding potential rate cuts, which have influenced market dynamics significantly.

Santiment has reported a notable increase in Bitcoin wallets holding 100 BTC, suggesting a strategic accumulation by investors who are anticipating potential market recovery. This trend indicates a shift in investor behavior amidst recent market fluctuations.