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- 21-08-2024
21-08-2024
Fernando Fierro
August 21, 2024
Howdy folks,
🚀💰 Japan-based investment firm Metaplanet has expanded its Bitcoin portfolio with a fresh purchase of 57.27 BTC. Valued at approximately $3.4 million, this acquisition boosts Metaplanet's total Bitcoin holdings to 360.368 BTC, aligning with its "Bitcoin First, Bitcoin Only" strategy.
The company's stock surged 14% following the announcement, illustrating growing institutional interest in Bitcoin as a key investment.
In other news:
📉🚀 VanEck remains optimistic about Solana ETFs despite several challenges from the SEC and the recent removal of filings from the Cboe BZX Exchange. The SEC has raised concerns about Solana's status as an unregulated security, adding uncertainty to the process.
However, VanEck is hopeful, citing potential regulatory changes post-2024 that could favor a more lenient stance on crypto ETFs.
🚀💸 Tether has minted an additional 1 billion USDT on the Tron network, sparking speculation about potential future demand as the crypto market recovers. This follows a similar minting in July, with Tether's Tron circulation now topping $60.77 billion.
The move is seen as a strategic preparation for a possible market rally, especially as Bitcoin and other cryptocurrencies report notable gains.
💡📈 Nigeria's SEC is shifting its stance on cryptocurrency, with plans to license exchanges soon. Director-General Emomotimi Agama announced this change, emphasizing the need to support the country's tech-savvy youth and acknowledging the crypto sector's potential.
In addition, tax reforms targeting cryptocurrency are also underway, highlighting a significant shift from the previous crackdown on the industry.
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