Metaplanet Establishes Bitcoin Treasury Operations as Official Business Line
By merging BTC operations with hotel management, Metaplanet envisions dual growth pillars driving its long-term business strategy in Japan.
Japanese-listed company Metaplanet announced on December 18 that it will formally run Bitcoin Treasury Operations as a new business line.
This move, approved by the firm’s board of directors, is part of its broader strategy to integrate Bitcoin into its financial framework.
Details of the New Venture
The announcement, shared in a post on X, follows a series of shareholder approvals and strategic moves aimed at positioning the company as a leader in Bitcoin adoption and management.
In it, Metaplanet stated that its new business line will focus on purchasing, holding, and managing the crypto asset through various financial instruments, including loans, equity issuances, and convertible bonds.
The document also reveals Bitcoin purchases and accumulation will be conducted with BTC Yield as the primary performance metric.
Metaplanet will also continue generating premium income from Bitcoin put option sales, which capitalize on the asset’s volatility to drive revenue.
Furthermore, its exclusive license for Bitcoin Magazine Japan will be used to create new revenue streams through BTC-related marketing activities and educational initiatives.
By combining these efforts, the investment firm is seeking to solidify its role as Japan’s leading Bitcoin treasury company and a pioneer in the country’s crypto ecosystem.
It emphasized that the new business model will complement its existing hotel operations, with both areas serving as core pillars of the firm’s growth strategy.
Financial Achievements
The Tokyo-based company is on track to achieve its first consolidated operating profit in seven years, just months after adding BTC to its balance sheet.
In a separate disclosure on December 18, it projected revenue of 890 million yen ($5.8 million) for the fiscal year ending December 31, a significant jump from the 261 million yen reported the previous year.
A major portion of this revenue, 520 million yen ($3.4 million), came from selling Bitcoin put options. Additionally, the investment firm reported unrealized gains of approximately 7.446 billion yen ($48.6 million) on its BTC holdings.
Since pivoting to the number one cryptocurrency as a treasury asset in April 2024 to hedge against the weakening yen, Metaplanet has actively pursued several capital-raising efforts to support its acquisition strategy.
These include securing $66 million through its 11th stock acquisition rights exercise in October, raising $11.3 million via bond issuance in early November, and obtaining $62 million through its 12th stock acquisition rights later that month.
Most recently, on December 16, it issued a fourth bond worth nearly 4.5 billion yen ($30 million) and announced plans for an additional 5 billion yen in private placement bonds.
As of today, Metaplanet holds 1,018 BTC, valued at approximately $118 million, according to BitcoinTreasuries.
#Metaplanet #Bitcoin #cryptocurrencies #cryptomarket #CryptoNews

6 Signs Ripple (XRP) Is About to Make Another Colossal Splash
Bitcoin is shooting for the moon again on the current macro market cycle. But since the start of November, Ripple nearly went parabolic. XRP prices rose from under $0.50 to above $2.70 by Dec. 3.
So, will Ripple token prices fizzle out and consolidate with long-term support at a lower level? Or will XRP continue to skyrocket over the next 60 days?
Here are 6 of the most current signals regarding XRP’s price. But real quick first:
As for more focused long-term accumulation holders and altcoin investors who make cyclical adjustments with the occasional swing trade to optimize their strategy: Is XRP the right place to park it for a while?
Is it too Late to Buy XRP in 2024-2025?
That’s an important question for many cryptocurrency investors looking at the top coins by market cap for opportunities to achieve their financial goals over their relevant timeframes.
Using Bitcoin as a point of comparison, RippleNet does not appear to have reached as much of its TAM (total addressable market) along its product adoption curve. For example, Bitcoin is already on Wall Street as a number of ETF products, and XRP is not.
But, Ripple’s CEO Brad Garlinghouse says his company considers an XRP ETF inevitable. 
Meanwhile, Ripple Labs has actively explored IPO options for some time, but outside the United States, because of the costly battle against the SEC.
In addition to that gauge of XRP’s market adoption curve, the Belgium-based SWIFT cooperative is a directly relevant point of comparison.
While SWIFT processes international payment volume on the order of USD $5 trillion daily, RippleNet appears to be just getting started.
XRP tokens on the decentralized financial platform XRP Ledger facilitate something like USD $1.5 billion worth of similar transactions each day, according to data from XRP Scan.
1. XRP Stablecoin Gets Nod From NY Regulator
Last week the New York state financial regulator, the Department of Financial Services, approved a new Ripple stablecoin—RLUSD.
The issuer of XRP tokens for RippleNet launched the new product on Dec. 17. XRP token prices on crypto exchanges soared by 11% in market valuation following the regulator’s approval.
They jumped from $2.38 to over $2.47 within minutes after the company’s announcement of a launch date.
Once the product was released, XRP’s price went even further by tapping a multi-week peak of over $2.7.
2. Ripple Token Technicals
Technical signals for Ripple were strong in mid-December.
From Dec. 3 – 10, XRP retraced from a high above $2.70 and consolidated above the $1.90 level. XRP’s price then fired back up to above $2.70 on Tuesday, Dec. 17. So the tokens for RippleNet appeared to have found their long-term support level for another leg up in December.
That’s impressive price performance and shows great buoyancy after what Jeff Park, chief strategist at crypto asset manager Bitwise, called, in an interview with Fortune, “one of the most violent liquidations we’ve had in the altcoin universe.”
The way Park sees it, this retracement looks like a market just stopping briefly to catch its breath: “It looks severe. But the gains were even more astronomical preceding it, and this is a little bit of an exhaustion.”
On Tuesday, Ripple’s simple and exponential moving averages across the 10-day, 20-day, 30-day, 50-day, 100-day, and 200-day periods indicated a Strong Buy recommendation, according to data from TradingView.
One potential hazard for the XRP army is a large amount of whale-sized transfers to exchanges. That makes the potentially available supply more liquid and could signal selling intent by big players.
A November surge of whale transfers doubled Binance’s XRP whale inflows since late October. The last time this metric was this high in Mar. 2024, it preceded a 3-month slide for the asset.
3. Strong Business Model, America’s ‘Secret’ Weapon?
This fundamental evaluation of Ripple’s long-term future prospects as a payments business cannot be understated. 
Ripple maintains a SaaS product that is so good with a business and team around it that are so capable that RippleNet could be the US’s secret weapon to maintain global financial hegemony in the face of a fading dollar.
That’s why popular digital asset researcher X Anderson, in a recent post, called XRP “a strategic weapon for the US.”
4. XRP Ledger Daily TXs Trending Up
For another fundamental analysis, the daily transaction volume on the XRP Ledger for decentralized finance may be cause for trader/investor bullishness into January.
Total payments from one account to another increased from 0.73 million daily on Sept. 17 to 1.4 million daily on Dec. 16, nearly doubling in three months’ time.
Accordingly, payment volume in XRP tokens using the XRP Ledger increased over the same period, from 762 million to 1.99 billion.
Daily active accounts on XRP Ledger have also kept pace with the appreciating crypto spot exchange price for the Ripple token. Daily unique senders rose to over 105K on Dec. 2.
The previous record was just a touch over 50K each of the three times this metric ever came anything close to this month’s all-time high. Daily new account activation figures are also bullish.
5. Trump Effect, Ripple SEC Lawsuit Dust Settles
The outgoing Biden administration’s war on cryptocurrency via a very aggressive SEC is at an end with the incoming second one for New York City and cable television’s Donald Trump.
The president-elect’s appointment of Peter Thiel’s PayPal apprentice, David Sacks, to be his crypto and AI czar is more proof the new White House will be friendly and supportive of cryptocurrencies like XRP.
In a November tweet, Ripple Chief Legal Officer Stuart Alderoty stated that Ripple’s defense against the SEC in US court “provided the blueprint to defeat Gary Gensler’s inexplicable war on crypto.”
During a recent 60 Minutes interview, Ripple CEO Brad Garlinghouse said his company recently launched a new crypto-focused US super PAC named Fairshake because of the SEC’s “war on crypto.”
Its influence on policymakers will come with the gravitas of its legal victories, its international business partnerships with foreign governments and financial institutions, and its vast honeypot of financial resources and clearly no shortage of cash—not even through a prolonged and expensive SEC battle happening at the same time as a severe cyclical bear market for the crypto industry.
6. Dollar and Bitcoin Macro Cycles
The dollar is in an inflationary, low-interest rate cycle for the time being. Meanwhile, Bitcoin is in its historical 12 – 18-month bullish price adjustment phase following a 50% supply cut every four years. This quadrennial’s “halving” occurred on April 20, 2024.
As a result, XRP’s price is caught up in a very broad, macro-cycle, multi-month financial updraft that, in many previous cycles, has dramatically increased the daily market exchange rate for altcoins like XRP.
An AI startup founder and Ripple investor who goes by Vincent Van Code on X recently pointed to a $5 target level for XRP’s price by February.
Just as Ripple’s price began to retrace in early December, Van Code wrote, “Fundamentals are very strong for XRP, if you’re a holder, my gut is telling me it will hit $5 by Feb 2025. All this is noise.”
#XRP #Ripple #cryptomarket #cryptocurrencies #CryptoNews

Meme Coins Are Moving From Internet Jokes to Cultural and Financial Assets: Binance Blog
The surge in meme coin trading is gradually shifting how these assets are perceived. Meme coins can blend cultural context with financial gain alongside social commentary.
Meme Coin Popularity is on the Rise
Meme coins, cryptocurrencies inspired by humor and internet culture have captured the crypto world’s attention like never before.
Unlike traditional cryptocurrencies designed to solve specific real-world problems, meme coins thrive on relatability, pop culture references, and community-driven enthusiasm.
A recent blog post by Binance explored the rise of meme coins and their growing popularity beginning with the launch of dogecoin (DOGE) in 2013, followed by shiba inu (SHIB) in 2020, and how these digital assets have captured a significant market share in the crypto industry.
November 2024 saw trading volumes and market caps for meme coins surge. The blog post pointed to the growing assumption that the rise of meme coins mirrors the frustrations of a generation grappling with economic instability.
Furthermore, the post explored how younger generations are turning to digital assets as a form of rebellion against the status quo, with meme coins acting as a symbolic vote against outdated financial institutions.
The potential for massive gains in a short time has seen many choose meme coins as a more accessible way to financial freedom, albeit with significant risks.
The added lore of meme coins as status symbols resonates with the internet-savvy generation.
Purchasing a meme coin is often akin to joining a social movement or making a statement about one’s values and personality.
For example, the “Chill Guy” meme coin inspired by the “Just a Chill Guy” meme became a cultural phenomenon. Holding the token wasn’t just about potential profits; it was reportedly a badge of “chillness,” creating a sense of belonging where financial speculation intersects with personal identity and shared values.
Meme coins were also explored as symbols of resistance, transcending their playful roots to embody deeper values.
The blog shared the striking example of Gen Z QUANT, where a 13-year-old developer’s rug pull sparked an unprecedented show of unity among investors.
Rather than abandon the token, the community rallied around it, transforming it into a symbol of defiance against deceit.
This collective effort drove QUANT’s price up by over 71,000% in six hours, with trading volumes hitting $213.7 million. For holders, the token wasn’t just an asset—it was a statement of resilience and a rejection of dishonesty in the crypto space.
The strong ecosystem of platforms such as pump.fun whose popularity has boosted Solana’s activity, and communities on X and Discord help amplify the hype, sharing memes, strategies, and support for their favorite tokens.
This vibrant ecosystem, according to Binance, transforms meme coins from fleeting trends into cultural movements, powered by technology and social networks.
While critics argue that meme coins are unsustainable due to their reliance on hype and sentiment rather than intrinsic value or utility, the report notes that projects like RIF and URO are exploring innovative use cases such as decentralized science where token holders gain intellectual property (IP) rights to research outcomes.
Overall, meme coins are becoming a fascinating blend of financial opportunity, cultural expression, and social commentary. While their volatility and lack of clear use cases make them inherently risky, their ability to unite communities and challenge the status quo gives them a unique place in the crypto world.

#MemecoinSeason2024 #Binance #cryptomarket #cryptocurrencies #CryptoNews

Shiba Inu To Break All-Time High Record in Current Cycle, Says Pundit
A market analyst expects Shiba Inu to breach its 2020/2021 all-time high in the current market cycle.
Amid macroeconomic and political tailwinds, the crypto market is awash with excitement, with market participants setting sights on new highs for leading assets.
One influential market commentator has stoked the flames of this anticipation for the leading doggy-themed meme coin, Shiba Inu (SHIB).
Shiba Inu (SHIB) To All-Time Highs?
“CRYPTO SHERIFF” has asserted that SHIB will shatter its all-time high price record of $0.00008616 in the current bull market cycle.
The influencer expressed this view in an X post on Sunday, December 15, contending that the token’s rise was “inevitable.”
The call comes despite SHIB’s consolidation after its stunning November 2024 rally. Following Donald Trump’s election victory heralding what many expect to be a pro-crypto regime in the U.S., the token surged about 98% from $0.00001687 to highs around $0.00003343.
At the time of writing, however, the token has shed some of these gains to trade at the $0.00002694 price point.
Still, CRYPTO SHERIFF is not the only analyst who has recently sounded bullish on SHIB, suggesting strong investor confidence.
SHIB Poised for 1,700% Surge?
On December 10, crypto analyst “CryptoELITES” opined that SHIB could surge to the $0.0004729 price point in the current market cycle, representing a nearly 1,700% increase from current prices.
The analyst shared this outlook, citing a bullish cup and handle pattern the asset appeared to be forming on its weekly candle chart.
The confirmation of this bullish pattern could come if the token decisively breaks above a downtrend line that has acted as a resistance level since October 2021.
Sharing a similar analysis on December 12, another crypto analyst, “PouyanTradeFX,” suggested that failure to break above the downtrend could lead to a 150% decline to the $0.000011 price point.
#shibainucoin #SHIB #Memecoins #cryptocurrencies #CryptoNews

Ethereum Supply Distribution Suggests Long-Term Bullish Signal: Santiment
Market intelligence platform Santiment suggests Ethereum’s institution-dominated supply distribution spells long-term bullish sentiments for the asset.
Supply distribution is a crucial tokenomics element for cryptocurrencies. For context, the more evenly distributed an asset is, the less impact its price will suffer from whale selloffs.
However, this reality changes when institutions enter the game. A crypto asset with more institutional adoption has long-term security and higher chances of continued uptrends.
On this front, data from Santiment has revealed a bullish supply distribution for Ethereum. The second-largest cryptocurrency by market cap has over 57% of its supply locked among institutions, a long-term bullish narrative for the altcoin king.
Ethereum Whale Holdings Hit All-Time High
In a Tuesday tweet, Santiment shared that an exclusive caliber of Ethereum whales has amassed an unprecedented amount of the asset’s supply. Per the data, wallets holding at least 100,000 ETH now command a staggering 57.35% of Ethereum’s supply.
Consequently, the balances of other Ethereum holders have depreciated considerably. The market intelligence platform pointed out that whales holding between 100 and 100,000 ETH have dropped to their lowest-ever supply control.
The whales now hold just 33.46%, losing market share to large high-caliber holders. Meanwhile, retail Ethereum wallets – addresses with less than 100 ETH – have reached a multi-year low.
The faction of Ethereum holders now commands just 9.19% of the asset’s supply, their lowest since January 2021.
Santiment Shares Market Implication
Following the disclosure, Santiment buttressed the market implications of the distribution shift. The platform noted that the increased stash among high-caliber whales is a long-term bullish signal.
Santiment acknowledged that staking platforms and decentralized finance (DeFi) protocols control a large portion of Ethereum’s supply. As a result, their continued accumulation suggests that they are locking away more of the asset.
Notably, this growing accumulation could create a shock if demand increases. Consequently, a demand shock will spur price upticks, favoring Ethereum investors.
Meanwhile, Ethereum has regained bullish momentum amidst sustained inflows from its US spot ETFs. The altcoin king has reclaimed the $4,000 price mark after an 8% weekly uptick.
At press time, Ethereum trades at $4,024 with a market cap of $484 billion.
#EthereumEFT #EthereumNews #Bitcoin #cryptocurrencies #CryptoNews

Dogecoin Eyes $0.50 as Triangle Breakout Sets Stage for Bullish Rally
With a triangle pattern determining Dogecoin’s fate, will the bulls overpower the incoming selling pressure for a quick rally to $0.50?
A surge in Bitcoin’s buying activity has resulted in a new all-time high, but meme coins are struggling to initiate a rally.
Dogecoin is currently stuck at the crucial level of $0.40, maintaining a sideways trend, and has fallen under a market cap of $60 billion.
Over the past month, the price has seen a positive growth of 12.76%. Amid the compression of price trends, Dogecoin is nearing a critical crossroads, hinting at a potential breakout rally.
Dogecoin Triangle Holds The Bullish Fate
The price action of Dogecoin showcases a symmetrical triangle formation on the 4-hour chart. This pattern signals indecision but also suggests that a decisive move is imminent.
Dogecoin’s price is testing the lower support trendline near the 23.60% Fibonacci level at $0.395.
With a rejection at the lower price levels, Dogecoin is maintaining dominance above the psychological $0.40 mark. Thus, it remains at a potential bounce-back point within the triangle pattern.
Within the triangle, Dogecoin’s price is showing a sideways shift in momentum, trading between key levels. It struggles to break above the 38.20% Fibonacci level at $0.4098.
This consolidation phase reflects coiling momentum, signaling that a high-momentum rally could follow a breakout.
The 4-hour RSI shows a minor bullish divergence with the current lower price rejection. This bullish signal increases the likelihood of a breakout rally.
However, the resistance at the 38.20% Fibonacci level and the struggle to maintain a close above it remain important thresholds to watch.
DOGE Price Targets
If the broader market recovers, a bullish comeback in Dogecoin could trigger a meme coin rally. As a result, a triangle breakout could be imminent, potentially leading to the formation of a new 52-week high.
Based on Fibonacci levels, the breakout rally could target the 1.272 and 1.618 Fibonacci extensions at $0.4952 and $0.5284, respectively. Thus, a triangle breakout could see Dogecoin reclaim the $0.50 psychological level.
If the market closes bearishly below the local support trendline or the 23.60% Fibonacci level at $0.3958, the downside risk could be around 6.28%, testing $0.3732.

A bearish breakdown would confirm weakness, and in case of an extended pullback, the price could dip to the $0.34 mark, resulting in a 15% pullback.
#DOGE #Dogecoin #Memecoin #cryptocurrencies #CryptoNews

Can XRP Reach $100, $300, or $500 with a Circulating Supply of 57B Tokens
XRP has been at the center of ambitious price targets, but market participants question its ability to attain some of these levels, citing current supply data.
The crypto market often presents opportunities for investors to transform modest investments into multi-million fortunes overnight. At some point, XRP facilitated a similar investment growth when it soared from a floor of $0.003 in January 2017 to a peak of $3.31 in January 2018.
This rally marked a 109,899% increase in a year. To put this into perspective, investors who invested $1,000 in XRP at $0.003 essentially procured 333,333 XRP tokens. As the price hit $3.31, the value of these tokens skyrocketed to $1.1 million within a year.
XRP’s Historical Performance Fuels Optimism
Due to its historical performance, several new investors who enter the XRP market might expect a similar performance, especially amid prevalent ambitious price targets. Some older holders could also be looking to relive the previous rally.
This optimism has stood on predictions of audacious price targets for XRP. Market watcher Armando Pantoja argued last month that $100 for XRP is feasible. Other projections have set targets of $300 to $500. However, many have dismissed these, citing supply concerns.
For context, XRP currently has a circulating supply of 57.1 billion tokens, with an inflation rate of about 200 million tokens every month. With this circulating supply, XRP now boasts a market cap of $140 billion as its price trades at $2.45, making it the third-largest crypto asset in the market.
XRP Market Cap at Varying Price Targets
A rally back to its all-time high of $3.31 would push XRP to a market cap of $189 billion. Further, if it captures the more feasible target of $6, its valuation would reach $342.6 billion, while a more substantial price of $11 would allow XRP to hit a market cap of $628 billion, above Ethereum’s current valuation but still within reasonable levels.
However, the XRP market would require an exponential surge in capital inflow even to attain $100, much less $300 or $500. For context, a $100 price per XRP would translate to a market cap of $5.7 trillion, exceeding the current global crypto market cap of $3.63 trillion by a mile.
Further, for XRP to claim a $300 value at the current circulating supply of 57.1 billion, its market must attract a total capitalization of $17.13 trillion, rivaling Gold’s market cap, which currently sits at $17.9 trillion. Notably, Gold is the single-largest asset by market cap globally.
Meanwhile, the $500 price target would present the biggest hurdle. XRP would need to command a market valuation of $28.5 trillion for its price to reach $500 with the current supply. This would mark the largest market cap for a single asset in recent history.
Can XRP Hit $100, $300 and $500?
These assessments confirm that with the current market conditions, XRP might not be able to claim the $100, $300, and $500 price targets unless there is a drastic change in market dynamics. However, lower goals like $6 and $11 are readily attainable.
Despite this challenge, analysts at Changelly believe XRP could hit these lofty targets in a few decades. Although they expect XRP to drop below $1 next year, they predict a subsequent exponential growth.
These analysts see XRP hitting $100 and $300 in 2040 and eventually claiming $500 by 2050, 26 years from now.
#XRP #Bitcoin #Ethereum #cryptocurrencies #CryptoNews

Analyst Says Dogecoin Has Unfolded Perfectly, Targets 653% Surge to $3
Market analyst Javon Marks speculates that the Dogecoin bull cycle is off to a flying start, insisting that a surge to a new all-time high is imminent.
Despite several attempts, Dogecoin has failed to trade above the multi-year resistance at $0.42. The meme coin’s last effort earlier in the month sparked an over 16% correction to as low as $0.36537.
However, top analysts continue to bet on Dogecoin’s surge this cycle. Most recently, seasoned market speculator Cantonese Cat stated that the leading meme coin is ready for its next bullish outburst, targeting an ambitious surge to $24.
Higher Prices Imminent: Analyst
Meanwhile, market expert Javon Marks has insisted that Dogecoin is historically having one of its best bull cycles.
In a Monday tweet, the analyst suggested that the asset’s price action has unfolded almost perfectly, indicating that DOGE will perform much better this bull season.
Furthermore, the analyst speculated an imminent bullish momentum that would catalyze the surge past the current resistance to make a new all-time high.
His assertion hinged on Dogecoin’s historical price action in this stage of the bull cycle.
Interestingly, Marks noted that the imminent 86% uptick from the current market price to surpass its previous high does not end Dogecoin’s bull cycle.
The seasoned commentator asserted a much higher target, insisting that a 653% push to $3 is conservative.
According to Marks, a super-bullish cycle for Dogecoin would see it hit ambitious prices like $7.20 and $15. Notably, this would entail a 1,709% and 3,669% price growth, respectively.
Analysts Share Aligning Dogecoin Price CallsMeanwhile, Marks’ Dogecoin call aligns with other notable price speculations from notable analysts.
For instance, Ali Martinez speculated in a recent commentary that the largest meme coin by market cap would surge to at least $3 and as high as $18 if things go wild.
Also, lead Dogecoin analyst Kevin suggested a slightly higher price action to $4. The Crypto Basic reported that the market speculator based his lofty price call on a macro golden pocket price pattern.
In the meantime, Dogecoin trades at $0.398, down 2.6% in the past seven days.
#DOGE #Dogecoin #Memecoin #cryptocurrencies #CryptoNews

Mt.Gox Bitcoin Payout: Exchange Moves $152M Ahead of Major Repayments
Mt.Gox repayment: With 36,085 BTC (worth $3.84B) held for distribution, on-chain activity suggests potential market volatility as payouts accelerate.
Mt.Gox payout: The defunct exchange has begun transferring Bitcoin, moving $152M in BTC to new addresses, signaling progress in creditor repayments.
As defunct cryptocurrency exchange, Mt.Gox prepares to wind down its restructuring process in the coming months, on-chain data shows a notable increase in Bitcoin (BTC) transfers.
Furthermore, Mt.Gox has until October 2025 to finalize repayment to distressed creditors, after a lengthy period of around a decade.
Mt.Gox’s Recent Bitcoin Transfers
According to on-chain data analysis by Arkham Intelligence, Mt Gox transferred 191.678 BTC, worth about $20.42 million, to a new address bc1q6h…gf9zaa earlier today.
Additionally, the defunct crypto exchange transferred 1,428 BTC, worth about $152 million, to another new address13JrY5…MVZJCX.
Consequently, Mt Gox now holds 36,085 BTC, worth about $3.84 billion, which will be distributed to creditors through different cryptocurrency exchanges.
In the past few weeks, Bitcoin addresses associated with Mt.Gox have made several transactions.
Impact on BTC Market
The closure of the Mt.Gox saga is a major milestone for the Bitcoin industry amid the mainstream adoption of digital assets and web3 products.
The distribution of Mt.Gox Bitcoin has in the past been viewed as a short-term bearish sentiment.
Furthermore, most of the My. Gox creditors were retail traders, who would need to purchase altcoins to compensate for the lost time in the past decade.
The altcoin industry has a higher volatility and, thus a higher risk-to-return ratio, compared to Bitcoin, which is gradually being affected by diminishing returns.
Bitcoin price rallied over 2 percent in the past 24 hours to trade at about $106,591 on Tuesday, December 17, during the early European session.
Consequently, Bitcoin’s market cap surged to over $2.11 trillion as Satoshi’s BTC holding surpassed the combined estimated wealth of Bill Gates.
#MtGox #Bitcoin #cryptomarket #cryptocurrencies #CryptoNews

Binance Increases BFUSD Position Limits to Enhance Futures Trading Flexibility
Binance has announced an increase in the maximum position limits for its yield-based margin asset, BFUSD, on Binance Futures.
The upgrade, set to take effect on December 17, 2024, at 15:00 (UTC+8), aims to enhance trading capacity and flexibility for users across all VIP levels, from VIP 0 to VIP 9.
BFUSD, which can be used as a margin for USDT-M futures contracts, allows traders to earn daily USDT rewards.
Under the new limits, VIP 0 users will see their cap grow from 250,000 BFUSD to 400,000 BFUSD, while VIP 9 traders will experience an increase from 5,000,000 BFUSD to 8,000,000 BFUSD.
The update applies individually to both master and sub-accounts. However, Binance clarified that BFUSD cannot be purchased directly for virtual sub-accounts.
Instead, users can utilize the Binance API to transfer BFUSD from their master accounts.
Despite these improvements, buying or redeeming BFUSD via the API remains unsupported. Binance advises traders to monitor its Futures trading rules for real-time updates and changes.
Meanwhile, Binance has clarified that BFUSD, its new high-yield asset, is not a stablecoin and has yet to be officially launched.
The clarification follows a November 17 post by crypto news aggregator Zoomerfied on X, which mistakenly suggested that Binance would release a stablecoin offering a 19.55% annual yield.
The claim sparked comparisons to Terraform Labs’ failed algorithmic stablecoin, TerraClassicUSD (USTC), known for its similar high-yield promises.
In response to the confusion, Binance’s customer support emphasized that BFUSD is not a stablecoin but a reward-bearing margin product designed for futures trading.
Unlike traditional yield-bearing products, BFUSD allows traders to use it as collateral without locking or staking their funds.
Users can hold BFUSD in their UM Wallet and receive daily airdrops in their UM Futures Wallet, which are determined through periodic snapshots. BFUSD quotas are based on users’ VIP level in the Binance ecosystem.
#Binance #BFUSD #Altcoin #cryptocurrencies #CryptoNews