Metaplanet (OTC:MTPLF) CEO Simon Gerovich fired back at critics claiming the company lacks transparency and mismanaged Bitcoin (CRYPTO: BTC) purchases, defending a 23% stock decline versus BTC’s 24% drop as proof the strategy works.

The Transparency Defense

Gerovich published a detailed rebuttal on X on Friday, addressing accusations that Metaplanet engaged in dishonest disclosures and concealed high-priced Bitcoin purchases. He called the claims factually incorrect.

“It’s easy to hide behind an anonymous account, criticize others, and stir up flame wars without taking any responsibility whatsoever,” Gerovich wrote. 

“However, I have absolutely no hesitation about publicly taking…

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Bitcoin trades around $67,000 as liquidations stand at $181.69 million over the past 24 hours. 

Bitcoin ETFs saw $165.8 million in net outflows on Thursday, while Ethereum ETFs reported $130.2 million in net outflows.

The meme coin sector posted a modest 0.8% gain, tracking Bitcoin’s rebound.

Trader Commentary:

Trader Cyril-DeFi said Bitcoin appears to be stabilizing in the $66,000–$68,000 range following a sharp selloff.

He noted the panic phase seems to have passed, with price now compressing it is a setup that often precedes a larger move. However, a clear show of strength would require Bitcoin to reclaim the $72,000–$75,000 zone.

Crypt chart analyst Ali Martinez added that a move…

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Credit: Anna Tutova(Founder AI Crypto Minds) with Brett Tejpaul(Co-CEO of Coinbase Institutional) at the USA House during World Economic Forum in Davos.

“Bitcoin is a fixed supply and there’s growing demand. So my long term outlook is constructive… no matter what happens week to week… it’s not going to stop the secular trend.”

Even as Bitcoin hovers around $70,000 after a steep February correction, Coinbase Institutional co-CEO Brett Tejpaul sees unstoppable momentum in bank partnerships and tokenization. In an exclusive interview reflecting on his January Davos discussion updated with post-GENIUS Act developments Brett Tejpaul details how five of the world’s top 20 banks…

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SkyBridge Capital CEO Anthony Scaramucci wondered Thursday whether Bitcoin’s (CRYPTO: BTC) price has already factored in the potential passage of the cryptocurrency market structure bill.

What Does The Crowd Think?

Scaramucci posted on X, asking if the legislation, often referred to as the CLARITY Act, has been “baked into” Bitcoin’s price.

Different viewpoints emerged in the replies. An X user Pledditor said that Coinbase’s withdrawal led to premature BTC selling, but if the bill passes against this pessimistic setup, it could turn out to be a “buy the news” event.

PCX Capital, another X user, doesn’t think the legislation has been priced in.

“Institutions need structure…

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Leading cryptocurrencies moved sideways on Thursday, while commodities gained as President Donald Trump weighed a military attack on Iran.

Crypto Market Languishes

Bitcoin extended its sideways movement as trading volumes stayed subdued. Ethereum meandered in the high $1,900s region, awaiting a decisive breakout above $2,000.

Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR)  and Coinbase Global Inc. (NASDAQ:COIN), closed up 3.39% and 1.15%, respectively.

Over $160 million was liquidated from the market in the last 24 hours, according to Coinglass, with $105 million worth of bullish long bets erased.

A further $500 million in Bitcoin longs on Binance risked…

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Bitcoin remains subdued as ETF outflows persist and fear sentiment weighs on momentum.

Notable Statistics:

Coinglass data shows 95,957 traders were liquidated in the past 24 hours for $202.18 million.       

SoSoValue data shows net outflows of $133.3 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $41.8 million.

In the past 24 hours, top gainers include Injective, Kite and UNUS SED LEO.

Notable Developments:

Trader Notes: Network economist Timothy Peterson noted Bitcoin is on the verge of posting five consecutive negative monthly closes, a pattern seen only three times before. Once during the 2011 bear market and twice during the 2018 bear…

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