Transaction URL: https://etherscan.io/tx/0x77a1dae74dec411f8004dd9789bd56faf5841c19820b75fc1c8eae8cc9a802e5
- Crunch
- Global
Ardent defender of “stacking gold” as a long-term store of value and a gold merchant himself, Peter Schiff frequently defends his gold-selling business and thesis by debating against bitcoin’s merit regularly at events, televised interviews, and especially on X.
The bitcoin “perma-bear” never misses an opportunity to make derogatory statements about bitcoin, and wasted no time using the market’s response to the “Bybit exchange hack dip” this week as an excuse to gloat, posting on Tuesday at 6:49 a.m.:
Schiff’s post quickly saw over 2,500 comments in response, many from the pro-bitcoin community, who have enjoyed years of bitcoin debate, banter and…
Read more on bitcoinnews
This is a segment from the Empire newsletter. To read full editions, subscribe.
At this point, it feels like the SEC is checking its list and dismissing investigations into crypto companies daily.
In some regards, it feels like the industry is finally free but the catch is that there’s yet nothing concrete for founders and projects to fall back on when it comes to rules and regulations.
Though, as Avalon’s Sean Pinnock told me in an X Spaces Wednesday, founders and devs based in the US can still breathe a sigh of relief.
Speaking of that Spaces: Yesterday, The Drop’s Kate Irwin and I hosted our first collaborative chat focused on, well, gaming. If you’re…
Read more on Blockworks
Metaplanet Inc (3350) plans a significant financial maneuver to bolster its bitcoin holdings, announcing the sale of ordinary bonds valued at 2 billion Yen ($13.3 million) at zero percent interest. This strategic decision is a part of the company’s ongoing effort to align its investment portfolio with digital assets, showcasing a strong belief in the future of cryptocurrencies.
The bond sale, exclusively earmarked for Evo Fund, is set for redemption on August 26. Funding for this redemption will come from the proceeds of the company’s stock acquisition rights. This move highlights Metaplanet’s innovative approach to funding its investment ventures, ensuring a smooth financial strategy centered around bitcoin.
With this latest initiative, Metaplanet reaffirms its commitment to integrating bitcoin as a core component of its reserve assets. The company’s aggressive strategy in the volatile crypto market reflects its confidence and aims to strengthen its financial base through strategic digital asset investments.