Coinedition

Metaplanet raised $66 million through a stock rights sale, completing 100% issuance. The funds will support future initiatives, with Bitcoin’s growth in focus. Early bond redemption reduces liabilities, with minimal fiscal impact expected.

Garanti BBVA Kripto has announced a collaboration with Ripple and IBM. The partnership aims to provide a secure environment for its crypto asset trading platform. Garanti BBVA provides services for BTC, ETH, USDC, AVAX, CHZ, XRP, ARB, and SOL.

U.S. Bitcoin ETFs face a $79.1M outflow after seven consecutive days of strong inflows, indicating potential market volatility. Ethereum ETFs record a $11.9M inflow, marking a turnaround despite overall net flows remaining negative at -$482M. Bitcoin’s price hovers near $67,200, reflecting short-term resistance, while market indicators suggest renewed investor optimism.

Japan’s DPP leader proposes a 20% tax rate on crypto assets and a three-year loss carryover. Yuichiro Tamaki advocates for increasing crypto trading leverage from 2x to 10x for investors. The party aims to promote digital regional currencies to boost local economies.

The Bitcoin Whitepaper will turn 16 on October 31, 2024. SEC Chair Gary Gensler has wished Bitcoin a Happy Sweet Sixteen. Crypto stakeholders disagree with Gensler’s regulatory approach and ask him to resign.