News
12 Aug 2025, 07:35
Ripple Case Closure Sparks Mixed Reactions as XRP Price Faces Decline
The Ripple case has officially concluded, allowing the SEC to focus on creating regulations for XRP. However, XRP’s price is currently down by 4% despite the positive news. The Ripple
12 Aug 2025, 07:32
Peter Schiff Labels Bitcoin as Potentially the Largest Investment Scam Amid Market Speculation
Peter Schiff has called Bitcoin the ‘biggest investment scam in history’, criticizing its speculative nature despite recent price surges. Bitcoin briefly surpassed $122,000 before retracing to around $118,900, stirring debates
12 Aug 2025, 07:32
Metaplanet Expands with Massive Bitcoin Acquisition
Metaplanet acquired 518 Bitcoins, totaling its holdings to 18,113 BTC. The company aims to raise $3.7 billion to strengthen its acquisition power. Continue Reading: Metaplanet Expands with Massive Bitcoin Acquisition The post Metaplanet Expands with Massive Bitcoin Acquisition appeared first on COINTURK NEWS .
12 Aug 2025, 07:30
Metaplanet Adds 518 BTC, Now Holds $1.85 Billion Worth of Bitcoin
Japanese investment firm Metaplanet has acquired an additional 518 BTC for roughly $61.4 million. This latest transaction brings the company’s total holdings to 18,113 BTC. Details Of The New Transaction Metaplanet’s CEO, Simon Gerovich, shared the news in an August 12 X post, revealing that the latest buy was made at an average price of $118,519 per coin. As of August 12, the company’s reserves amounted to 18,113 BTC, acquired for $1.85 billion at an average price of $101,911 per coin. The outfit tracks a unique performance metric called BTC Yield, which measures Bitcoin holdings relative to fully diluted shares. From July 1 to August 12, it has achieved a Bitcoin yield of 26.5%. This has increased its year-to-date performance to 468.1%. Since adopting the leading cryptocurrency as a Treasury reserve asset in 2024, Metaplanet has aggressively expanded both its holdings and ambitions. In July alone, it acquired a total of 4245 BTC across four major transactions. The first took place on July 7, when the company purchased 2,205 BTC for approximately $238.7 million, followed by a 797 BTC buy on July 14 worth $93.6 million. Two weeks later, it added another 780 BTC for $92.5 million, capping it with a final acquisition of 463 BTC valued at $54 million. The firm’s goal is to accumulate 210,000 BTC, roughly 1% of Bitcoin’s total supply, by the end of 2027 under its “555 Million Plan.” Following the latest development, it still ranks 6th globally among corporate Bitcoin holders, trailing only giants like Strategy, MARA, XXI, Bitcoin Standard Treasury Company, and Riot. Elsewhere, Strategy also revealed a modest purchase of 155 BTC for $18 million that brought its total reserves to $46.09 billion. Market Reaction According to Google Finance data , the Japanese Bitcoin Treasury’s stock has dipped by 2.1%. The stock has also fallen 37% over the past month but remains up 173% year-to-date. To fund its aggressive accumulation, Metaplanet has adopted various unconventional financing tools designed to preserve shareholder equity while securing long-term capital. These include zero-interest convertible bonds, moving-strike warrants, and perpetual preferred stock issuances. The latest buy followed an August 1 filing for a shelf registration to raise up to $3.74 billion through perpetual preferred shares. The outfit also said it plans to increase its authorized share count to 2.72 billion and introduce two classes of perpetual preferred shares. According to CEO Gerovich, the structure is meant to align financing flexibility with investor preferences while maintaining high per-share Bitcoin exposure. The post Metaplanet Adds 518 BTC, Now Holds $1.85 Billion Worth of Bitcoin appeared first on CryptoPotato .
12 Aug 2025, 07:30
Ethereum (ETH) Hits $4.2K, $200M Liquidated — Trump & DOGE Fans Cheer While This New Coin Surges Over 500%
Ethereum has broken through the $4,200 mark in a sharp rally that’s shaking the market. The surge wiped out hundreds of millions in leveraged trades, with $207 million in short positions liquidated in just one day. DOGE fans and even Trump-aligned traders are celebrating the momentum, while attention is shifting toward a fresh player making early investors big gains. That player is MAGACOIN FINANCE — a name increasingly linked to high-growth potential in this cycle. From SHIB to DOGE, meme coins have produced wild returns in the past, but some traders believe MAGACOIN’s setup could push it into the ranks of the best altcoin to buy now for 2025. ETH Smashes Through $4.2K, Leaving $200M in Liquidations Behind Between August 8 and 9, 2025, Ethereum ripped from around $3,900 to $4,200 in under 48 hours. This rapid rise triggered one of the largest liquidation waves of the year. According to crypto liquidation news 2025 data, $238 million in leveraged positions were wiped out across major exchanges. The majority were shorts betting against ETH. The rest came from over-leveraged longs that got caught chasing the spike. Source: Coinglass For traders watching the Ethereum price prediction, this rally has reignited talk of ETH testing $4,500 before year-end. The breakout has also given new life to related assets, with DOGE catching renewed interest. While the DOGE price forecast remains volatile, social media activity shows that meme coin traders are enjoying the bullish spillover from ETH’s push. Can ETH’s Rally Fuel the Next Altcoin Surge? When Ethereum hits $4,200, it doesn’t just move ETH holders — it often lifts the wider altcoin market. History shows that strong ETH rallies tend to bring fresh liquidity into speculative plays, including meme coins and early-stage tokens. DOGE’s rebound has been the most visible side effect so far, but the present climate is also creating room for newer entrants like MAGACOIN. The combination of high-profile liquidations, renewed retail energy, and the hunt for outsized returns could set the stage for another multi-month rally across altcoins. For those tracking the Ethereum price prediction, it’s worth watching if ETH can hold above $4,000. Sustained strength here could create more upside for DOGE, MAGACOIN, and other high-growth plays heading into 2025. From SHIB to MAGACOIN FINANCE — Investors Targeting 14,700% Profits This Cycle Amid the action in Ethereum and DOGE, there’s growing chatter about a newcomer: MAGACOIN FINANCE. Analysts tracking early-stage tokens have flagged MAGACOIN as one of the best crypto to buy 2025 for those looking beyond the obvious blue-chip picks. Backers claim the project is modeled to ride the kind of explosive wave seen with SHIB in 2021, with ambitious targets pointing toward potential 14,700% returns in the present cycle. The difference? Supporters see MAGACOIN as a more strategically positioned play, aiming to combine meme-driven community growth with a longer-term vision. For investors searching for the best altcoin to buy now, its presale structure and early traction have pushed it into watchlists alongside bigger names. In a market where a new crypto with 500% gains in its early days can quickly become the next breakout story, MAGACOIN’s momentum is making it a talking point for traders aiming to diversify their holdings. What This Week’s Moves Tell Us This week’s story is more than just Ethereum’s breakout. It’s about a market willing to punish overconfident shorts, reward trend-followers, and chase fresh narratives. ETH’s rally, DOGE’s renewed hype, and the rise of a new crypto with 500% gains all point to an environment ready for risk. MAGACOIN FINANCE might still be in its early stages, but if its trajectory keeps pace with projections, it could sit alongside the biggest names when traders look back at 2025’s winners. For now, it’s one of the best altcoin to buy now for those willing to position before the next wave hits. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Ethereum (ETH) Hits $4.2K, $200M Liquidated — Trump & DOGE Fans Cheer While This New Coin Surges Over 500%
12 Aug 2025, 07:27
SEC Chairman Paul Atkins Discusses Ripple (XRP) Case Closure: "Now What?"
The Ripple (XRP)-SEC case, one of the biggest cases in cryptocurrency history, is officially over. At this point, the SEC officially ended its case against Ripple last week. While this was received positively in the market, SEC member Hester Peirce, known for her moderate approach to cryptocurrencies, shared a post about the closure of the case. Peirce, who described the end of the case as a welcome development, stated that with the closure of Ripple and other cases, minds that were once preoccupied with lawsuits can now focus on creating a clear regulatory framework for cryptocurrencies. SEC Chairman Paul Atkins, responding to Peirce's comment, stated that he agreed with Peirce and said the outcome of the case should be seen as a turning point. Atkins said the agency will now focus on drafting a clear cryptocurrency regulatory framework that supports innovation and investor protection. “SEC member Peirce is right. Now that the SEC vs. Ripple case has concluded, we have the opportunity to shift our energy from the courtroom to the policymaking table. “The resolution of the case could also be a chance to establish a clear regulatory framework that encourages innovation and protects investors.” In the case, which began in late 2020, the SEC accused Ripple of selling XRP as an unregistered security. Commissioner Peirce is right. With this chapter closed, we now have an opportunity to shift our energy from the courtroom to the policy drafting table. Our focus should be on building a clear regulatory framework that fosters innovation while protecting investors. #ProjectCrypto — Paul Atkins (@SECPaulSAtkins) August 11, 2025 *This is not investment advice. Continue Reading: SEC Chairman Paul Atkins Discusses Ripple (XRP) Case Closure: "Now What?"
