$1M – $10M MarketCap:

1. Caduceus (CMP): 90%
2. Crypto Hunters Coin (CRH): 27%
3. Convergence Finance (CVG): 26%
4. Media Network (MEDIA): 20%
5. BoringDAO (BORING): 16%

$10M – $100M MarketCap:

1. Kryptonite (SEILOR): 42%
2. MANEKI (MANEKI): 30%
3. OctaSpace (OCTA): 27%
4. Quantum Resistant Ledger (QRL): 24%
5. Augur (REP): 13%

$100M – $1B MarketCap:

1. MAGA (TRUMP): 23%
2. UMA (UMA): 11%
3. Oraichain Token (ORAI): 10%
4. Power Ledger (POWR): 8.1%
5. Ampleforth (AMPL): 8.0%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Listed Tokyo-based investment firm Metaplanet has strategically moved to embrace bitcoin as a reserve asset to hedge against Japan’s soaring debt and yen volatility. According to an IMF report, Japan’s debt-to-GDP ratio has alarmingly reached over 254%, which is the highest for any developed nation. This economic backdrop has motivated Metaplanet to secure 117.7 BTC worth approximately $7.19 million, similar to a strategy implemented by U.S.-based MicroStrategy, in a move to minimize exposure to unstable fiscal policies and a depreciating yen, which has fallen by 50% against the dollar since 2021. In addition, the listed Tokyo-based investment firm has reshaped its portfolio to increase its exposure to commercial property, in line with a trend seen among leading investment managers in the region, as they allocate more capital to alternative assets that simultaneously enhance yield and mitigate risk.

The yen’s fall to a 34-year low points up how quickly Metaplanet must now be prepared to act, with Japan maintaining near-zero interest rates versus the Fed’s rate hikes over 5%. Currency interventions by the Bank of Japan add yet another layer of complexity to the situation, with it all standing in sharp contrast to Metaplanet’s efforts to leverage the potential of bitcoin as an antifragile store of value. This strategic asset allocation is set to shield the firm from ongoing fiscal turmoil, with plans to expand its bitcoin holdings through long-dated yen liabilities as opportunities arise.

Source

Two dormant Bitcoin wallets came back to life after ten years, shifting 1,000 Bitcoins valued at $61 million. On May 12, a wallet bearing the address “16vRq…qjzEa” began the transfer of 500 Bitcoin in block 843,131 at 7:10 p.m. UTC. A few seconds later, another 500 Bitcoin moved in the following two blocks from another wallet, “1DUJuH…NgfC5”, as per data from Blockchain.com’s Bitcoin block explorer.

Originally, these wallets each received 500 Bitcoin on September 12 and September 13, 2013, when Bitcoin was worth a mere $134. These investments have skyrocketed since then—an astronomical rise of 456 times to the combined value of $61.2 million today. After these moves, the Bitcoins originating from “16vRq…qjzEa” were sent onward to separate other addresses, while the Bitcoins originating from “1DUJuH…NgfC5” were sent to be held by the originating address. Further blockchain analytics by Lookonchain reveal that these moves are likely owned by the same owner or company for both wallets, leading to an incredible amount of speculation and interest across the cryptocurrency community.

Lookonchain