Pressure
Metaplanet’s Bitcoin Fundraising Strategy Under Pressure as Stock Drops 54%
Metaplanet, the Tokyo-listed firm aggressively accumulating Bitcoin, is facing mounting pressure as its share price tumbles, threatening the fundraising model it has used to build one of the largest corporate Bitcoin treasuries globally. The company’s stock has dropped 54% since mid-June, despite Bitcoin (BTC) gaining around 2% during the same period. The decline has put […]
Ethereum exit queue hits Record $5B ETH, raising Sell Pressure concerns
Ethereum is seeing the largest validator exodus in crypto history, with over 1 million Ether tokens currently waiting to be withdrawn from staking through Ethereum’s proof-of-stake (PoS) network. Ethereum’s exit queue surpassed 1 million Ether (ETH) worth $4.96 billion on Thursday. This marks the amount of Ether set for withdrawal by the network’s validators, who […]