🔴 Metaplanet Reports $170M Loss After Massive 10,000 BTC Sale
Japanese public company Metaplanet has posted a net loss of $170 million (27.16 billion yen) for the first nine months of 2026. The loss was driven by a $119.8 million hit from selling 10,000 BTC and a $50.3 million decline in the market value of its remaining Bitcoin holdings.
The company explained the sale of 10,000 BTC was a strategic move to prove to rating agencies and bond investors that it can quickly convert its Bitcoin into cash. Despite the sale, Metaplanet later purchased 11,000 BTC at a 9.3% higher price, bringing its total treasury to 44,000 BTC.
#Metaplanet #Bitcoin #BTC #CryptoNews
Japanese public company Metaplanet has posted a net loss of $170 million (27.16 billion yen) for the first nine months of 2026. The loss was driven by a $119.8 million hit from selling 10,000 BTC and a $50.3 million decline in the market value of its remaining Bitcoin holdings.
The company explained the sale of 10,000 BTC was a strategic move to prove to rating agencies and bond investors that it can quickly convert its Bitcoin into cash. Despite the sale, Metaplanet later purchased 11,000 BTC at a 9.3% higher price, bringing its total treasury to 44,000 BTC.
#Metaplanet #Bitcoin #BTC #CryptoNews
🚨 Elizabeth Warren to Lead Senate Banking Committee: New Crypto Oversight Looming
Senator Elizabeth Warren is expected to chair the Senate Banking Committee in January as Democrats take control of the Senate. This role grants her the power to launch investigations and hold public hearings on crypto firms without the need for new legislation.
Warren is already scrutinizing the OCC regarding federal bank charters granted to Coinbase and Ripple. She has requested internal applications and legal analyses to determine how these companies secured approval for bank-like activities, including custody services and stablecoin reserve management.
#CryptoRegulation #ElizabethWarren #Coinbase #Ripple
Senator Elizabeth Warren is expected to chair the Senate Banking Committee in January as Democrats take control of the Senate. This role grants her the power to launch investigations and hold public hearings on crypto firms without the need for new legislation.
Warren is already scrutinizing the OCC regarding federal bank charters granted to Coinbase and Ripple. She has requested internal applications and legal analyses to determine how these companies secured approval for bank-like activities, including custody services and stablecoin reserve management.
#CryptoRegulation #ElizabethWarren #Coinbase #Ripple
💰 Evernorth Raises $35.3M to Expand XRP Treasury
Nasdaq-listed Evernorth has secured $35.3 million in gross proceeds through warrant exercises conducted between Oct. 12 and Nov. 9. The Ripple-backed firm intends to use the capital to bolster its XRP treasury strategy, which already ranks among the largest institutional holdings globally.
The company currently controls approximately 473 million XRP. At the current market price of roughly $0.99, the newly raised funds provide the capacity to acquire an additional 35.7 million XRP tokens, though specific purchases from this round have not yet been disclosed.
#XRP #Ripple #Evernorth #CryptoNews
Nasdaq-listed Evernorth has secured $35.3 million in gross proceeds through warrant exercises conducted between Oct. 12 and Nov. 9. The Ripple-backed firm intends to use the capital to bolster its XRP treasury strategy, which already ranks among the largest institutional holdings globally.
The company currently controls approximately 473 million XRP. At the current market price of roughly $0.99, the newly raised funds provide the capacity to acquire an additional 35.7 million XRP tokens, though specific purchases from this round have not yet been disclosed.
#XRP #Ripple #Evernorth #CryptoNews
🚨 South Korean Exchange Coinone Suffers Major Data Breach
South Korean crypto exchange Coinone has warned users of potential phishing and identity theft following a security breach at its outsourced customer support provider, MetaM. The incident occurred on Thursday, with the exchange discovering the breach the same day.
The attacker accessed servers containing customer support records. Potentially exposed data includes names, phone numbers, email addresses, bank account numbers, passwords, national identification numbers, and crypto wallet addresses. The exchange noted that the specific data leaked varies by user.
#Coinone #CryptoHack #SouthKorea #CyberSecurity
South Korean crypto exchange Coinone has warned users of potential phishing and identity theft following a security breach at its outsourced customer support provider, MetaM. The incident occurred on Thursday, with the exchange discovering the breach the same day.
The attacker accessed servers containing customer support records. Potentially exposed data includes names, phone numbers, email addresses, bank account numbers, passwords, national identification numbers, and crypto wallet addresses. The exchange noted that the specific data leaked varies by user.
#Coinone #CryptoHack #SouthKorea #CyberSecurity