Metaplanet delays preferred share launch over Japan market limits
The hold-up is structural, not strategic: Japan's exchange rules demand stable dividends through adverse Bitcoin cycles, and a six-quarter track record doesn't yet clear that bar.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
The hold-up is structural, not strategic: Japan's exchange rules demand stable dividends through adverse Bitcoin cycles, and a six-quarter track record doesn't yet clear that bar.
Bitcoin's actual ratio to gold sits at 15.6 against a model fair value of 21.1, framing the trade as a relative-value dislocation rather than a directional bet on price.
Bitcoin has dropped below the $79,000 mark, giving back gains made in recent sessions and signalling renewed selling…
Conviction-buyer holdings have tripled to roughly 4 million BTC since late 2025, draining liquid supply and putting 70% of recent buyers in the green ahead of any demand surge.
The combined outflow came on a day when neither $BTC nor $ETH was the day's biggest mover, framing the print as portfolio rebalancing rather than a flight from crypto.
The setup is constructive across spot flows, on-chain positioning and options — but realized-cap growth is still running at roughly a quarter of prior bull-expansion pace, which is why conviction…
The April core PPI print was the steepest since March 2022, and traders are now pinning the next move to Trump-Xi talks in Beijing and Thursday's Senate Clarity Act hearing.
No S-1 was ever filed, the banks were never paid to push through, and the $4B valuation Ledger explored in January is now sitting on the shelf alongside Kraken's shelved listing — the IPO market for…
The producer-price print landed at a 2022-comparable 6%, putting expected Fed rate cuts back on the shelf and dragging BTC through the $80K floor that had held since March.
The pattern matters because the buyer isn't a passive ETF allocator but a preferred-equity structure that mechanically pulls forward demand around the 15th of each month.
639 $BTC (≈51.6M) moved from Coinbase Institutional to unknown wallet.
700 $BTC (≈56.1M) moved from unknown wallet to #Coinbase.
Headline PPI jumped 1.4% MoM — nearly triple the consensus 0.5% — the second inflation surprise in two days that puts the Fed's rate-cut path squarely back in doubt.
The 10Y has reclaimed the 4.4% zone that previously pressured BTC — only this time, $BTC is trading above $80K, suggesting the market is absorbing the rates headwind rather than pricing it linearly.
SOL joins BTC and ETH as a third major collateral tier on Coinbase's Morpho-based lending product, with a 70% LTV cap — and a $2.3B cumulative origination base means real borrow demand behind it.
The ratio has topped its 200-day moving average for the first meaningful time since September 2020 — the same setup that historically preceded bitcoin's 2021 vertical phase by weeks to months.
Silent Payments advances on Bitcoin's base layer without adding trust, but shielded balances and auditable disclosure live elsewhere — strkBTC ships that gap, wrapped in a federation, bridge, and…
Operating profit nearly quadrupled and revenue climbed — the headline loss is a paper mark-to-market hit, not an operating failure, but it still dwarfs the entire quarter's revenue.
The record $15.35B in tokenized T-bills is a real-time read on where allocators are hiding — the capital isn't leaving crypto, it's parking in yield while waiting on PPI, the Clarity Act vote and a…
BlackRock deposited 861 BTC ($69.59M) and 44,691 ETH ($103.15M) to Coinbase Prime, a combined transfer of roughly…
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "Metaplanet delays preferred share launch over Japan market limits" — read at /en-US/a/metaplanets-preferred-share-launch-hits-japans-regulatory.