According to Onchain Lens monitoring, Bitmine (@BitMNR) has staked an additional 49,088 ETH, worth $152.7 million. Currently, Bitmine has staked a total of 593,152 ETH, with a total value of $1.85 billion.

The retreat follows the LIBRA memecoin scandal involving the country's president, Javier Milei, which caused a firestorm of controversy. source: https://www.theblock.co/post/384205/coinbase-to-pause-peso-based-services-in-argentina-just-one-year-after-launch?utm_source=rss&utm_medium=rss

According to Cointelegraph, Metaplanet, a Bitcoin treasury company, may have a financial advantage over other digital asset treasury firms due to the structural weakness of the Japanese yen. BTC analyst and crypto treasury investor Adam Livingston highlighted Japan's debt-to-gross-domestic-product ratio, which stands at approximately 250%. This significant debt level necessitates the printing of yen to cover deficits annually, further weakening the currency and increasing the debt burden. Livingston noted that Bitcoin has appreciated by about 1,159% in US dollar terms since 2020. However, when measured against the Japanese yen, BTC's appreciation over the same period is 1,704%. This disparity underscores the yen's depreciation relative to Bitcoin and the US dollar. For Metaplanet, this means its liabilities are in a fiat currency weaker than the dollar, providing cheaper access to financing per unit of fiat currency spent. Livingston explained that every coupon Metaplanet pays is in a currency losing value relative to both BTC and USD, reducing the real, BTC-denominated cost of its 4.9% coupon. In contrast, Strategy, another treasury company, pays its 10% coupon in dollars, a stronger currency, resulting in slower liability erosion. This analysis emerges amid a broad downturn in crypto treasury companies, with some losing over 90% of their value from peak levels as the crypto market struggles to regain momentum following a historic crash in October. Despite these challenges, Metaplanet has become the fourth-largest Bitcoin treasury company, holding 35,102 BTC in its reserves. This ranking is based on data from BitcoinTreasuries. The company's most recent acquisition occurred on Tuesday, involving the purchase of 4,279 BTC for approximately $451 million. However, despite its substantial BTC accumulation, Metaplanet's stock price has declined alongside the broader crypto treasury sector, including companies like Strategy, BitMine, and Nakamoto.

The Japanese yen is commonly used by macroeconomic investors to carry out levered bets because of its artificially low interest rates. source: https://cointelegraph.com/news/metaplanet-edge-us-dats-jpy-weakness?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

null source: https://x.com/RealAllinCrypto/status/2007882220246065350

Pieverse launches Agentic Neobank, allowing AI-managed accounts with auditable transactions, cross-chain token support, and compliance-ready records for Web3 finance. source: https://catenaa.com/markets/cryptocurrencies/pieverse-launches-agentic-neobank-for-auditable-ai-managed-accounts/

Crypto trader Altcoin Sherpa shared a cautious but constructive take on the meme coin sector, arguing that while many popular meme tokens have been heavily damaged, their cycles may not be finished yet, especially if Bitcoin remains stable. source: https://www.ethnews.com/after-the-collapse-why-beaten-down-meme-coins-may-still-have-room-to-run/

BitMine’s proposal to dramatically expand its authorized share count has sparked a growing backlash among shareholders, even as the company doubles down on Ethereum as its core treasury asset. While Tom Lee has framed the move as a long-term flexibility play rather than an immediate dilution event, a widening group of investors says the structure, timing, and incentives raise uncomfortable questions. 5 Reasons Tom Lee’s BitMine Strategy Isn’t Winning Fans Tom Lee’s push to expand BitMine’s authorized share count was intended to reinforce the company’s long-term conviction in Ethereum. Instead, it has exposed a growing rift amidst fears that the proposal weakens governance just as dilution risks are rising source: https://beincrypto.com/bitmine-shareholder-dilution-proposal-analysis/

اقتراح BitMine لتوسيع عدد الأسهم المصرح بها بشكل كبير أثار رد فعل متزايد بين المساهمين، حتى مع تقوية الشركة لإيثيريوم كأصل أساسي في الخزانة. بينما صاغ توم لي هذه الخطوة كلعبة مرونة طويلة الأمد وليست حدث تخفيف فوري، يقول مجموعة متزايدة من المستثمرين إن الهيكل والتوقيت والحوافز تثير أسئلة غير مريحة. خمسة أسباب تجعل استراتيجية توم لي في BitMine لا تكسب المعجبين كان دفع توم لي لتوسيع عدد الأسهم المصرح بها لشركة BitMine يهدف إلى تعزيز إدانة الشركة طويلة الأمد في الإيثيريوم. بدلا من ذلك، كشف عن انقسام متزايد وسط مخاوف من أن الاقتراح يضعف الحوكمة في الوقت الذي تزداد فيه مخاطر التخفيف source: https://ar.beincrypto.com/bitmine-shareholder-dilution-proposal-analysis/

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Golden (Shenzhen) Information Service Co., Ltd. - A professional provider of software development, artificial intelligence applications, and cybersecurity solutions.

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