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Crypto

Japan\'s Metaplanet moves 2,400 bitcoin again to Coinbase, CEO says not for sale

Japanese investment firm Metaplanet transferred 2,400 bitcoin worth about $186 million to Coinbase Prime on Aug. 31, local time. The move was the third large transfer in a week, split into six transactions over three hours. Metaplanet also moved 1,000 bitcoin on Aug. 25 and 1,350 on Aug. 28. The CEO denied the transfers were for selling, calling them custody management moves and saying holdings remain 43,000 bitcoin.

Crypto

Japan\'s Metaplanet moves $237 million of bitcoin to Coinbase, selling speculation spreads

Japan\'s bitcoin treasury company Metaplanet moved about $237 million worth of bitcoin to Coinbase Prime, prompting speculation it may be preparing to sell part of its holdings. The transfer took place as bitcoin\'s upward momentum has recently slowed. Metaplanet has steadily accumulated bitcoin, but the large move differed from its prior pattern. The company has not given a detailed reason, and the market is watching for follow-up actions such as additional transfers or changes in holdings.

Crypto

Why is BlackRock ignoring XRP? Experts say it will eventually change course

BlackRock is focusing on bitcoin and ether rather than entering the spot XRP exchange-traded fund market, a move some in the industry say could be read as a market call that other cryptocurrencies lack sufficient investment value. Nate Geraci, president of The ETF Store, called the strategy risky but said he still expects BlackRock to expand its lineup of spot crypto ETFs. Data showed large outflows from Coinbase Prime into wallets linked to BlackRock’s IBIT, ETHA and ETHB products.