Transaction URL: https://blockchain.com/btc/tx/fd726dafe5bc2532647f5949f1a5dbf4dd99a2624f2b0359801960322af921ff
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Metaplanet Inc., a prominent Japanese company traded on the Tokyo Stock Exchange, has unveiled a landmark partnership with Hoseki, a leader in Bitcoin verification solutions. This alliance introduces a Bitcoin proof of reserves system through Hoseki Verified, ensuring unparalleled transparency and real-time auditability of Metaplanet’s Bitcoin assets. With verifications handled by respected custodians such as Coinbase, BitGo, and Gemini, this initiative stands as a testament to the evolving trust and openness in the cryptocurrency sphere.
Sam Abbassi, Hoseki’s Founder and CEO, highlights the significance of this move, stating, “Metaplanet will define the future of the Bitcoin industry with its commitment to the core features of Bitcoin’s network—radical auditability and transparency.” This collaboration not only enhances investor confidence but also sets a new standard for corporate accountability in digital asset management.
Echoing the sentiment of advancing transparency, Dylan LeClair, Director of Bitcoin Strategy at Metaplanet, remarked, “As Bitcoin adoption grows worldwide, our partnership with Hoseki embodies the Bitcoin ethos of ‘Don’t Trust, Verify.'” The company’s strategy aligns with the principles of transparency essential in a digitally-forward financial landscape, marking this as just the beginning of Metaplanet’s initiatives to champion and maintain clarity in its operations and asset management.
The world of finance assets and alternative currencies has officially arrived to Bitcoin. If it wasn’t clear already following the slew of new protocols birthed by the Ordinals’ movement, the release of Lightning Labs’ Lightning-native Taproot Assets protocol feels like a consecration to the phenomenon.
More than two years after the protocol was originally announced, users and developers can now open channels denominated in a unit of account of their choice and leverage the existing Lightning Network infrastructure. Though Taproot Assets was leapfrogged in its effort to bring assets to Bitcoin by more naive protocols such as BRC-20 or Runes, patience has been rewarded as advocates…
Read more on BitcoinMagazine
Up to July 23, 2024, U.S. Bitcoin ETFs have been very active, with a great net inflow of 8,021 BTC valued at $537 million. The biggest contributor is BlackRock, which massively expands the holdings by 7,764 BTC, leaping in a big 334,943 BTC. Such a huge inflow represents BlackRock being huge in the Bitcoin ETF market, a great pusher for an aggressive pace of expansion. Grayscale added 268 BTC and now holds 272,062 BTC in its portfolio, an indication that the confidence in the market is high. Fidelity was the next-highest purchase with 350 BTC, taking its holding up to 181,039 BTC. VanEck was in a distant third but saw huge inflows of 622 BTC into its funds, which now hold 11,596 BTC, suggesting a growing interest in its ETF products.
Not all companies, however, benefited. Invesco Galaxy saw net outflows of 280 BTC, whereas Bitwise had a net outflow of 703 BTC, suggesting there could be a change in investment strategy or perhaps profit-taking by a whale investor. ARK Invest, Valkyrie, and Franklin Templeton had no such net change in their respective holdings of BTC. Altogether, these ETFs accounted for the Bitcoin holdings of 912,790 BTC, or $61.1 billion. Dynamic shifts in the flow of capital into Bitcoin ETFs reflect a rapidly competitive and changing landscape among investments in digital assets that capture interest from major financial players.
Disclaimer: Market capitalizations and data 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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Metaplanet Inc., a Japanese public company listed on the Tokyo Stock Exchange, has announced a partnership with Hoseki, a global leader in Bitcoin verification solutions, to launch a Bitcoin proof of reserves system. This collaboration aims to enhance transparency and trust in Metaplanet’s Bitcoin holdings through Hoseki Verified, a Bitcoin verification product.
“Companies like Metaplanet will define the future of the Bitcoin industry,” said Sam Abbassi, Founder and CEO of Hoseki. “We are thrilled to support them in utilizing this core feature of the Bitcoin monetary…
Read more on BitcoinMagazine
The cryptocurrency market sees significant milestones with the launch of ETFs for both Bitcoin and Ethereum. Reflecting on the performance of these digital assets, we can observe interesting trends.
When Bitcoin’s ETF was launched, its price stood at $46,300. Fast forward to today, and Bitcoin’s price has surged to $66,300, indicating substantial growth and investor confidence in the digital asset.
Ethereum, on the other hand, is in the spotlight with its ETF launching at a price of $3,500. As Ethereum joins Bitcoin in the ETF market, investors are keen to see if it will follow a similar upward trajectory.
This comparison highlights the potential impact of ETFs on cryptocurrency prices and invites investors to analyze and draw their own conclusions about the future of these digital assets. With the historical data provided, the stage is set for Ethereum to potentially experience significant growth similar to Bitcoin, making it an exciting time for crypto enthusiasts and investors alike.
Disclaimer: Market capitalizations and data 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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