Metaplanet Outshines Coinbase with Massive 10,000 BTC Treasury Move
In a bold demonstration of institutional confidence in Bitcoin, Tokyo-based Metaplanet has surpassed Coinbase Global by accumulating 10,000 BTC. The firm''s recent $117.2 million purchase of 1,112 BTC pushed its holdings beyond this milestone, marking an aggressive accumulation strategy. With a total acquisition cost of $947 million, Metaplanet now enjoys an unrealized gain of $120 million at current Bitcoin prices. This move not only highlights the growing institutional adoption of Bitcoin but also underscores the asset''s long-term value proposition in the global financial landscape.
Metaplanet Surpasses Coinbase with 10,000 BTC Holdings
Tokyo-based bitcoin treasury firm Metaplanet has eclipsed Coinbase Global''s holdings by amassing 10,000 BTC. A recent $117.2 million purchase of 1,112 BTC propelled the company past this threshold, signaling aggressive accumulation tactics. The total acquisition cost of $947 million now carries an unrealized gain of $120 million at current Bitcoin prices.
Metaplanet''s strategy mirrors institutional confidence in Bitcoin''s long-term value proposition. The firm now ranks among the largest public BTC holders, surpassing Coinbase''s 9,267 BTC reserve. This positions Metaplanet directly behind industry leader MicroStrategy in the corporate Bitcoin adoption race.
The company''s roadmap appears ambitious—targeting 100,000 BTC by 2026 would cement its status as a bellwether for institutional crypto adoption. Such moves underscore growing corporate preference for Bitcoin as a treasury reserve asset, particularly among forward-looking Asian firms.
Coinbase, Circle, Robinhood Lead Crypto Stock Rally Amid Tech Upswing
Crypto-related stocks are surging as digital asset markets catch a bid alongside broader tech gains. Coinbase Global Inc. advanced on European licensing progress, while Circle Internet Financial Ltd. skyrocketed 404% post-IPO on the back of USDC stablecoin adoption. Robinhood Markets Inc. approaches record highs with a 102% year-to-date gain.
Circle''s CRCL shares became the breakout star, closing NEAR $158 after an April IPO at $22. The firm''s Cross-Chain Transfer Protocol processed $7.7 billion in May volume - an 83% monthly increase - while rejecting a rumored $5 billion acquisition offer. Native USDC integration on XRP Ledger eliminated bridge fees, further fueling momentum.
The rally coincides with a 0.8% rise in Nasdaq futures, creating risk-on flows into crypto equities. Market participants are rewarding companies demonstrating real-world blockchain utility and regulatory progress, with stablecoin infrastructure proving particularly valuable.
Dogecoin Defies Market Turbulence with 4.29% Rally Amid Geopolitical Uncertainty
Dogecoin (DOGE) surged 4.29% to $0.180, breaking key resistance at $0.177 on elevated volume despite broader market liquidations triggered by the Israel-Iran conflict. The meme token demonstrated unusual resilience, outperforming major cryptocurrencies during the risk-off environment.
Fundamental drivers include growing utility through wrapped Doge deployments on Coinbase''s Base network—fueled by Elon Musk''s recent engagement—and persistent ETF speculation. Polymarket data suggests a 51% probability of DOGE ETF approval by 2025, attracting whale accumulation.
On-chain metrics reveal sustained adoption, with daily active addresses and transaction volume maintaining above 2024 averages. The price action formed a clear uptrend with higher highs, though faces technical resistance near $0.18.
Brian Armstrong Meets UK Lawmakers to Shape Crypto Regulation
Coinbase CEO Brian Armstrong engaged with British policymakers in London this week, advocating for regulatory clarity to position the UK as a global crypto hub. His bullish stance on Britain''s potential contrasts with the regulatory uncertainty plaguing the US market.
Armstrong''s meetings underscored Coinbase''s international expansion strategy. A well-defined legal framework, he argued, could attract institutional capital and top talent—critical ingredients for cementing the UK''s leadership in digital assets.
The timing proves pivotal. As other jurisdictions waver, decisive action from UK regulators could create a competitive advantage. Armstrong''s public endorsement via social media signals confidence in Britain''s capacity to outpace rival markets.
Aerodrome Finance’s AERO Token Surges 60% Amid Base Ecosystem Growth
Aerodrome Finance’s native token AERO has rallied 60% in a week, challenging the $0.80 resistance level as traders anticipate a potential push toward $1. The rebound marks a sharp reversal from its prolonged downtrend between December 2024 and April 2025, when bearish momentum erased previous gains.
Catalysts include Coinbase’s planned integration of Base-native DEXs into its main application, which could drive liquidity to Aerodrome—the largest DEX on Base. The ecosystem received further validation through Shopify’s partnership with Coinbase to enable USDC stablecoin payments.
Market structure shows renewed bullish conviction, with AERO gaining 45% in four days following the announcements. The rally coincides with improving sentiment across Layer-2 networks, positioning Base as a growing contender in the scaling race.
Coinbase Launches Bitcoin Rewards Credit Card with American Express
Coinbase has partnered with American Express to introduce its first credit card, the Coinbase One Card, exclusively for U.S.-based Coinbase One subscribers. The card offers up to 4% back in bitcoin, with rewards tied to users'' crypto holdings on the platform.
The MOVE signals a strategic push into traditional financial services, building on Coinbase''s 2020 Visa debit card offering. Unlike its predecessor, the new product operates as a full-featured credit card on the Amex network, scheduled for release this fall.
Coinbase One, the exchange''s subscription service launched in 2023, now boasts nearly one million users. The platform has introduced a lower-cost tier at $4.99/month to broaden accessibility, reflecting growing mainstream demand for crypto-integrated financial products.