LATEST: Metaplanet Launches $15 Million Bond to Buy More Bitcoin

Metaplanet is making bold moves to expand its Bitcoin holdings by issuing $15 million in 0% interest bonds. These bonds are set to mature on November 12 and each is valued at $375,000. The company is aggressively working toward its goal of owning 10,000 BTC by the end of 2025.

The latest bond offering follows Metaplanet’s recent acquisition of 1,241 BTC. This brings its total holdings to 6,796 BTC. The new funds from the bond issuance are expected to drive continued accumulation as part of the company’s long term Bitcoin strategy.

Bitcoin remains a top asset for major corporations despite market fluctuations. Firms like Strategy formerly known as MicroStrategy are leading the charge in institutional Bitcoin buying. Metaplanet is now joining the ranks of top crypto-forward companies betting on Bitcoin as a key financial reserve.

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LATEST: Nasdaq Listed GD Culture Group Plans $300M Share Sale for Bitcoin Purchase

Nasdaq-listed GD Culture Group has announced a major move into crypto by signing a stock purchase agreement worth up to $300 million with an investor based in the British Virgin Islands. The company plans to use a large part of the funds to buy and hold digital assets including Bitcoin and the Official Trump memecoin as part of its new treasury strategy.

The digital human and e-commerce firm aims to strengthen its balance sheet by integrating crypto into its core financial operations. Chairman and CEO Xiaojian Wang said the decision aligns with current market trends and builds on the company’s digital technology expertise. This follows a growing wave of companies backing crypto assets amid rising support for digital currencies in the US.

Despite reporting a $14.1 million loss in 2024 and facing Nasdaq compliance issues GD Culture remains focused on innovation. Its operations include AI-driven digital humans and livestream e-commerce mainly through subsidiaries in China. The company is following a bold path as crypto continues gaining ground in mainstream business strategies.

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LATEST: Tether Breaks Record With Over $150 Billion USDT Now in Circulation

Tether (USDT) supply has reached an all-time high surpassing $150 billion according to the company’s recent update on its Transparency page. CEO Paolo Ardoino confirmed the milestone on social media platform X highlighting continued growth and widespread adoption. The increase signals rising confidence in the crypto sector as USDT maintains its leading position among stablecoins.

Profits have surged significantly for Tether boosted by substantial investments in U.S. Treasurys. The company reported over $1 billion in operating profit last quarter driven by its strategic holdings. Short-term U.S. government debt represents the majority of Tether’s reserves with nearly $120 billion in total exposure making USDT a secure and reliable crypto asset for investors.

Another notable achievement for Tether is the dominance of its stablecoin on the Tron blockchain. For the first time USDT tokens issued on Tron exceeded those on Ethereum surpassing $73 billion in circulation. Competitors remain far behind as Circle’s USDC supply stands around $60 billion and other stablecoins have not yet reached $10 billion.

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XRP Rallies Over 3% Tuesday Morning — Is The Coin Heading Toward $3?

Payments-focused cryptocurrency XRP XRP/USD retained strong momentum in the early hours of Monday, while higher-valued coins retraced.

What happened: XRP rose by over 3% in the last 24 hours, defying corrections in Bitcoin BTC/USD and Ethereum ETH/USD.

The 24-hour trading volume soared 150% to $10.59 billion, highlighting high liquidity and trader engagement.

Over the past week, XRP has posted a gain of 18.80%, primarily due to news of a formal settlement agreement between Ripple Labs and the SEC, which might bring the multi-year legal battle to a close.

The coin has also profited from the U.S.-China tariff de-escalation.

The XRP derivatives market was also boosted, with Open Interest rising…

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LATEST: Coinbase Becomes First Crypto Company Ever Added to the S&P 500

Crypto exchange Coinbase Global (COIN) is set to make history by joining the prestigious S&P 500 index on May 19. Coinbase will replace Discover Financial Services (DFS) after its acquisition by Capital One Financial Corp. This marks a significant milestone for both Coinbase and the cryptocurrency industry.

The S&P 500 includes the largest publicly traded companies in the US and serves as a key indicator of the stock market’s performance. Coinbase’s entry into the index is expected to drive up demand for its stock as index funds and exchange-traded funds that track the S\&P 500 will be required to purchase COIN shares.

Coinbase’s shares saw an immediate boost of 8.8% following the announcement closing at $225.4 in after-hours trading. With a market cap of $52.8 billion Coinbase’s inclusion in the S&P 500 reflects the growing acceptance of crypto as a major player in the financial market. Coinbase CFO Alesia Haas called the move a reflection of how far the crypto industry has come.

Coinbase Becomes First Bitcoin And Crypto Company To Join The S&P 500

Coinbase Global Inc. (NASDAQ: COIN) is officially joining the S&P 500 starting May 19. It will replace Discover Financial Services (NYSE: DFS), which is being acquired by Capital One Financial (NYSE: COF), an existing member of the index.

This is a big move for Coinbase and an even bigger signal for Bitcoin. For a crypto company to be added to one of the most important indexes in the U.S. shows how far this industry has come. It’s not just hype anymore—it’s becoming a real part of the traditional financial system.

“Thank you to everyone who made it possible for a crypto company to join the S&P 500 for the first time in history,” Coinbase posted on their X… Read more on BitcoinMagazine

Stablecoins are disruptive, but who will be the disruptors?

This is a segment from the Blockworks Daily newsletter. To read full editions, subscribe.

“Leaders get killed from below.”

— Clay Christensen

In The Innovator’s Dilemma, Clay Christensen introduced the concept of disruptive innovation — when a product that initially looks like a cheap knockoff ends up rewriting the rules of an entire industry.

These products typically get their start in either low-end or entirely new markets that incumbents have ignored because they were either not profitable enough to serve or didn’t seem strategically important.

But that turns out to be a good starting point: “A disruptive technology is initially embraced by the…

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Exodus Hits Record Q1 Revenue As Bitcoin Holdings Rise To 2,011 BTC

Exodus Movement, Inc. (NYSE American: EXOD), a leading self-custodial Bitcoin and cryptocurrency platform, has announced unaudited financial results for Q1 2025, showcasing record-setting revenue and a notable increase in digital asset holdings. 

In its strongest first quarter yet, Exodus reported $36.0 million in revenue, up 24% from $29.1 million in Q1 2024. The company attributed the growth to continued product innovation and demand for self-custody solutions. “Exodus continues to offer innovative solutions that capitalize on the growing market for digital assets,” said JP Richardson, CEO and co-founder. “Meanwhile, our focus on self-custody remains a difference-maker.” 

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The Blockchain Group Raises €22M To Accelerate Its Bitcoin Treasury Strategy

The Blockchain Group (ALTBG), a Premiere Member of Bitcoin For Corporations and Europe’s first publicly traded Bitcoin Treasury Company, has completed two major capital raises totaling over €22 million in just 48 hours—a bold signal of institutional conviction in its Bitcoin-native strategy.

These moves are not just capital raises—they’re a blueprint for how public companies can re-architect their balance sheets around Bitcoin, while attracting world-class partners along the way.

Part One: €9.9M Equity Raise Anchored by Major Institutions

On May 9, The Blockchain Group announced a €9.9 million capital increase, pricing shares at €1.0932, a 61.7% premium over…

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American Bitcoin Spin-Off, AI Ambitions To Boost Hut 8 Stock: Analyst – Hut 8 (NASDAQ:HUT)

Canaccord Genuity analyst Joseph Vafi maintained a Buy rating on Hut 8 Corp. HUT and reiterated the $32 price forecast.

The analyst writes that he sees consistent progress at Hut 8 under the leadership of CEO Asher Genoot and his team, who have been in place for approximately five quarters.

While the past year has primarily involved operational streamlining and realignment within Hut 8, Vafi believes the future holds more significant potential.

Also Read: Hut 8 Analysts Still Bullish Despite Q1 Miss; Bets On American Bitcoin, HPC/AI Potential

Specifically, the analyst expects Hut 8 to navigate the complex challenge of maximizing the value of its Bitcoin BTC/USD miner power portfolio and…

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