Metaplanet borrows $31.91m via bonds from EVO FUND to buy Bitcoin

Metaplanet Inc. has declared that it issued its 5th Series of Ordinary Bonds via private placement with EVO FUND for ¥5 billion to buy more Bitcoin. In a notice released on Dec. 20, today, the company has announced the issuance of its 5th Series of Ordinary Bonds for raising approximately $31.91 million through EVO FUND. This news closely follows the company’s previously disclosed intent to issue up to ¥5 billion in ordinary bonds. The proceeds from this issuance will be allocated towards purchasing Bitcoin ( BTC ), as detailed in the company’s Nov. 28, 2024, announcement concerning the issuance of the 12th Series Stock Acquisition Rights with an Exercise Price Adjustment Provision and the accompanying Stock Acquisition Rights Purchase Agreement. *Metaplanet to issue 5.0 billion yen in Ordinary Bonds to Accelerate Bitcoin Purchases; Repayment to be made from Warrant Exercise Proceeds* pic.twitter.com/9Sr6a5kDkD — Metaplanet Inc. (@Metaplanet_JP) December 20, 2024 In the case of the 5th Series Bonds, there is no interest, and when the principal is redeemed, it is equivalent to 100 yen for every 100 yen of the bond amount. Each bond is valued at $1.59 million (¥250 million), and the full payment is due on Dec. 20, 2024. The bonds will mature on Jun. 16, 2025, but they may be redeemed early at the request of EVO FUND by providing written notice to Metaplanet Inc. The bonds can also be redeemed early when the proceeds from the exercise of the 12th Series Stock Acquisition Rights are multiple times integral multiples of the bond principal amount. You might also like: Japan’s Metaplanet to reward shareholders with Bitcoin for holding stock They will not be guaranteed or collateralized and will only be made available to EVO FUND. Pursuant to Article 702 of the Companies Act and Article 169 of the Regulations for Enforcement of the Companies Act, no bond trustee will be appointed. Metaplanet Inc. will pay all principal and interest from its office in Roppongi, Minato-ku, Tokyo . Metaplanet Inc. pointed out the issuance would not have a material effect on the consolidated financial results of Metaplanet Inc. for the fiscal year ending Dec. 31, 2024. Nonetheless, the company has promised to make timely disclosure of any material change or material impact on its financial outlook as a result of this deal. You might also like: Stablecoins are the “killer use case” for crypto, says experts amid MoonPay and RLUSD partnership Metaplanet is borrowing funds to buy Bitcoin Metaplanet’s strategy of issuing bonds for BTC purchases is not the same process as buying BTC directly. The company is now borrowing and selling bonds to investors like EVO FUND rather than using its own money. That means they’ll have to repay the money they borrowed later, whether or not BTC performs well. Although this allows them to invest in BTC without spending their own cash reserves, it also adds some financial obligations and risks if the value of BTC falls. It is the company’s way of investing in BTC in borrowed time, but it is bound to repay that debt in the future. Read more: Metaplanet shares added to Amplify Transformational Data Sharing ETF

Read more

Ledger Users Targeted in New Data Breach Phishing Campaign

Users of the Ledger series of hardware wallets are being targeted as part of a widespread phishing campaign that takes advantage of earlier data leaks. Some users have received emails alerting them to a data breach that could have exposed their seed phrases to attackers. Ledger Users Receiving Data Breach Emails in Phishing Campaign Attackers

Read more

Bull flag confirmed for Solana; This new altcoin follows suit

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana confirms an uptrend with a bull flag breakout targeting $320, while Lunex Network impresses with a 283% presale surge, redefining DeFi opportunities. Table of Contents Lunex Network records over 283% jump, more gains incoming Solana: Bull flag breakout confirms SOL uptrend Best crypto investments for December: LNEX and SOL Solana has broken out of a bull flag pattern on its one-day chart, confirming an uptrend momentum. CryptoBullet has identified the key breakout, where Solana’s price movement is now targeting the $320 and $340 regions. This breakout coincides with the support and resistance flip, signaling strong buyer control over the asset. Similarly, a new presale project has hit new milestones with each passing day. The LNEX token has already achieved major price rallies, including the recent jump to the $0.0046 region, representing an over 283% rise. The surge has been attributed to the growing demand for DeFi projects and their unique features. Lunex Network records over 283% jump, more gains incoming Lunex Network is becoming the most talked-about DeFi project. Early buyers have already experienced an over 283% return on investment, with the percentage set to rise soon. This move has been attributed to the project’s unique DeFi features. The project’s long-term goal is to create the world’s first non-custodial exchange platform to connect all isolated blockchains. Here, users can swap over 50k assets across 40+ blockchains at the lowest cost possible. This will also be achieved anonymously, as Lunex Network does not require sign-up KYC checks. Moreover, holding the LNEX tokens allows users to enjoy governance voting rights and staking rewards. The LNEX token is currently going for $0.0046, representing an over 283% rally from its starting price of just $0.0012. Lunex Network has also seen impressive growth in its presale revenue, currently at over $5.3m. A tier-1 exchange listing could propel Lunex Network’s price closer to the $1 region in 2025. Solana: Bull flag breakout confirms SOL uptrend cryptoBullet’s analysis shows a classic bull flag pattern that normally signals a continuation of the previous uptrend. Solana had initially recorded an impressive rally forming a flagpole before entering a consolidation period that led to a downward-sloping channel. Solana’s price has now broken above the flag’s upper resistance line, which usually signals a fresh upward momentum. The breakout has been supported by a crucial support/resistance flip, where SOL’s previous resistance zone is now a key support region. This support zone has helped stabilize the Solana price above $220 . If the current uptrend holds, the analyst’s long-term Solana prediction points to a possible $400 and $600. The projections align with Solana’s historical price patterns during strong surging trends, which indicates growing market confidence. This move comes despite technical indicators pointing at a slowly growing momentum. Solana must hold momentum past the $221 region and ignite a bullish sentiment while aiming for the next resistance zone within the $245 region. Best crypto investments for December: LNEX and SOL The crypto market has been buzzing again with the recent price rally in Solana and Lunex Network. While Solana is a well-established altcoin, Lunex Network is emerging as a presale star offering early investors over 283% ROI. The LNEX token is set to redefine the DeFi market, allowing investors to capitalize on its achievement early. To learn more about Lunex Network, visit the official website and its socials. Read more: TRON drops over 20% from ATH, SHIB faces key resistance – Lunex Network sells over 2B tokens Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Read more

Bull flag confirmed for Solana; This new altcoin follows suit

Solana confirms an uptrend with a bull flag breakout targeting $320, while Lunex Network impresses with a 283% presale surge, redefining DeFi opportunities. #partnercontent

Read more

Bitcoin’s $95,000 Support: Implications for Future Price Movements and New Buyer Interest

Bitcoin recently reached a new all-time high before a notable correction, showcasing the volatility that remains a hallmark of the cryptocurrency. The current price drop to around $95,144 is seen

Read more

Hut 8 Corp. breaks into the ranks of top Bitcoin holders

Hut 8 Corp. bought 990 Bitcoin for $100 million, making its total Bitcoin holdings worth over $1 billion. Even though it’s facing a lawsuit from J Capital Research, which claims the company overstated its Bitcoin deals, Hut 8 believes its Bitcoin strategy will help the company grow and bring good returns to its investors. Hut 8 Corp., one of North America’s largest Bitcoin mining companies, became one of the top Bitcoin holders worldwide. With its latest purchase of 990 Bitcoin for $100 million, the company now holds over 10,096 Bitcoin, valued at over $1 billion with an average cost of $24,484 per Bitcoin. Data about Hut 8 Corp’s Bitcoin holdings. Source: Hut 8’s website The firm’s management believes that its approach will strengthen its financial position, enhance scalability, and provide a competitive edge. By combining the Bitcoin reserve with cost-effective production and strategic purchases, it expects to generate superior returns for its shareholders. Hut 8 has a clear Bitcoin vision According to Hut 8’s CEO, Asher Genoot, “A key component of our treasury strategy, the strategic Bitcoin reserve supports a flywheel effect that aligns our capital and operating strategies to accelerate value creation across the business.” Sean Glennan, the company’s CFO also chimed in. “Our decision to establish a strategic Bitcoin reserve is rooted in our drive to deliver superior returns to our shareholders.” He emphasized the company’s commitment to Bitcoin as a strategic reserve asset. The company’s approach aligns with its broader capital and operational strategies. According to Genoot, expanding Hut 8’s Bitcoin holdings is not only about current profitability but also about positioning it for long-term growth. He highlights that as the company scales its mining operations and maintains its cost advantage, it can grow its Bitcoin reserves at a significant discount to market prices. This approach reflects a growing trend among institutions and corporations to adopt Bitcoin as a reserve asset. With a limited supply and increasing institutional adoption, Bitcoin is increasingly becoming a key component in financial portfolios. Legal troubles persist Hut 8’s recent acquisitions and plans to raise $500 million for future Bitcoin purchases are signals of its confidence in the cryptocurrency’s potential. Despite its achievements, On December 2, Hut 8 filed a motion to dismiss a class-action lawsuit from its shareholders, arguing that the case was initiated by short-seller J Capital Research as part of a campaign to lower the company’s stock price for its own financial gain. The lawsuit came from a report by J Capital in January, which accused the Bitcoin mining company of exaggerating the benefits of buying United States Bitcoin Corp. and hiding problems at a Texas facility. Hut 8 said the lawsuit was just an effort by J Capital to make money by lowering the company’s stock price, hurting regular shareholders in the process. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.

Read more

Cryptocurrency Market Update: BTC, XRP, and ETH Prices Plummet Below Key Support Levels

BTC, XRP, and ETH Prices Plummet: BTC Below $93,500, XRP Below $2.05, ETH Below $3,150 ————— 💰Coin: BTC ( $BTC ) $93,558.00 XRP ( $XRP ) $2.05 ETH ( $ETH

Read more

TURBO Price Prediction 2025, 2026-2030: Will TURBO Cross $0.10?

The post TURBO Price Prediction 2025, 2026-2030: Will TURBO Cross $0.10? appeared first on Coinpedia Fintech News Story Highlights The live price of the TURBO token is $ 0.00728032 . TURBO price could claim its potential high of $0.15 by the end of 2025. TURBO price may reach a high of $0.35 by the end of 2030. The crypto market could soon commence a bull run, and the Meme and AI categories could be the top-performing genres in the industry. With toes in both realms, Turbo is a meme coin created by AI, as a result, the hopes for this token remain on the higher side. With the power of AI and the high-spirited meme coin community, Turbo shows a robust underlying potential of 10x gains. So, let’s dive into this AI meme coin’s price analysis and future scope in our TURBO Prediction 2025-2030! Table of Contents Overview TURBO Crypto Price Prediction 2025 TURBO Price Prediction 2026 – 2030 TURBO Price Forecast 2026 TURBO Price Forecast 2027 TURBO Price Prediction 2028 TURBO Crypto Price Forecast 2029 TURBO Coin Price Forecast 2030 What Does The Market Say? CoinPedia’s TURBO Price Prediction 2025 Historical Market Sentiments FAQs Overview Cryptocurrency Turbo Token TURBO Price $ 0.00728032 -19.37% Market cap $ 475,404,883.6417 Circulating Supply 65,300,000,000.00 Trading Volume $ 219,472,575.3424 All-time high $ N/A All-time low $ N/A 24 High Coming soon 24 Low Coming Soon *The statistics are from press time. TURBO Crypto Price Prediction 2025 With the boom in the meme coin and the AI segments, in 2025, traders and investors can find a significant rise in demand for TURBO. It will be driven by broader adoption, increased utility, and a community sentiment boom. Thus, TURBO could expand dramatically, increasing the price to a maximum of $0.15 . Conversely, crucial support for the meme coin is present at $0.020 . Therefore, considering the bullish and bearish targets, the average price can be $0.085 . Year Potential Low Average Price Potential High 2025 $0.020 $0.085 $0.15 Also Read: As TURBO is based on Solana, check out our Solana (SOL) Price Prediction 2024-2030 . TURBO Price Prediction 2026 – 2030 Year Potential Low Average Price Potential High 2026 $0.010 $0.025 $0.035 2027 $0.0085 $0.020 $0.030 2028 $0.10 $0.15 $0.20 2029 $0.30 $0.40 $0.50 2030 $0.15 $0.25 $0.35 TURBO Price Forecast 2026 Following the 2025 bull, TURBO is likely to witness a correction phase in 2026. This will potentially lower the TURBO price to a minimum of $0.010 . However, the market may stabilize, with an average price of $0.025 , and the maximum may only reach $0.035 . TURBO Price Forecast 2027 In 2027, TURBO will continue to face a surge in selling pressure. Hence, the TURBO price could dip as low as $0.0085 , with an average of $0.020 and a potential high of $0.030 . TURBO Price Prediction 2028 In 2028, a fresh wave of bullish momentum is expected, with a broader market recovery. Thus, the TURBO price will likely fluctuate between $0.10 and $0.20 , with an average of $0.15 . TURBO Crypto Price Forecast 2029 In 2029, with the broader market rising to new heights, TURBO will soar higher. The Turbo prices are expected to range from $0.30 to $0.50 , with an average of $0.40 . TURBO Coin Price Forecast 2030 Another correction phase is likely for TURBO prices in 2030. The correction phase will bring the TURBO price down to $0.15 as the average price may hover around $0.25 , with the maximum reaching $0.35 . What Does The Market Say? Source 2025 2026 priceprediction.net $0.0077 $0.0113 Wallet Investor $0.0224 $0.0333 Digital Coin Price $0.0173 $0.0252 CoinPedia’s TURBO Price Prediction 2025 TURBO has a strong community and a unique back story with a mix of AI and memes. Thus, with a reasonably good roadmap planning a growth in its dynamic community will boost the AI meme coin. According to CoinPedia’s prediction, the price of TURBO could reach $0.15 by the end of 2024. In contrast, the TURBO price may fall below $0.020 , making an average price of $0.085 . Year Potential Low Average Price Potential High 2025 $0.020 $0.085 $0.15 Historical Market Sentiments Ready to unlock Bonk’s true potential? Dive into the latest Coinpedia BONK price prediction for 2024 to 2030 and stay ahead in the meme coin game. FAQs What is the current price of the TURBO token? At the time of writing, the price of one TURBO token was $0.007383. How high can TURBO go by the end of 2025? TURBO price could surge to a maximum of $0.15 by the end of 2025. What will the maximum price of TURBO (TURBO) be by the end of 2030? With a potential surge, the TURBO price could achieve as high as $0.35 by the end of the year 2030. Is TURBO worth buying? Considering the associated risks, TURBO is undoubtedly a good long-term investment. Where can I buy TURBO? TURBO is available for trade across prominent exchanges such as Binance, KuCoin, OKX, etc.

Read more

5 Challenges of Crypto-Travel. How to Manage Them?

The post 5 Challenges of Crypto-Travel. How to Manage Them? appeared first on Coinpedia Fintech News Christmas is just around the corner, and it’s the perfect time to plan a special trip. Maybe you’re dreaming of a cozy cabin in the mountains or relaxing on a sunny beach. But if you’re someone who uses crypto, planning your holiday can feel much harder than it should be. Why is that? While crypto is changing many industries, like finance and technology, travel still hasn’t caught up. Crypto could make booking trips faster, cheaper, and easier, but many platforms haven’t started using it yet. This means crypto users often face extra steps, fees, and complications when trying to plan their vacations. Platforms like United Atlas are working to solve these problems. By looking at the challenges and the solutions being developed, we can see how crypto might make travel simpler and better for everyone in the future. Key Issues in Crypto-Travel 1. Transparency in Transactions Hidden fees, unclear pricing, and ownership disputes are big problems in travel systems, especially with timeshares. What are we talking about? Blockchain can help by keeping records that can’t be changed. But many platforms still don’t use this technology, so travelers often feel unsure and don’t trust the process. 2. Limited Crypto Payment Options Even though crypto is popular in finance, many travel platforms don’t accept it as a payment method. This makes travelers exchange crypto for regular money, adding extra costs and making things harder. It follows that payment options need to expand for crypto-travel to grow. 3. Complex Timeshare Management A timeshare is a shared vacation property where people purchase the right to use it for a specific period each year. For instance, a family might own one week annually at a beachfront resort. Timeshare properties often come with strict rules, making them difficult to transfer or sell. Blockchain technology could address these issues by turning timeshares into tokens, simplifying management and trading. 4. Personalization Gaps Crypto users have different needs, like business trips, family vacations, or adventures. Most platforms don’t offer options that match these needs, so many users feel disappointed. Without better personalization, crypto-travel can’t reach its full potential. 5. Overlooked Sustainability Travelers today care about eco-friendly options, but the crypto-travel world rarely promotes them. In other words, it’s a missed chance to encourage responsible travel. Innovations Addressing These Challenges Blockchain technology is transforming timeshare ownership by turning properties into non-fungible tokens (NFTs). This innovation simplifies ownership transfers, removes the need for middlemen, and marks a significant improvement over traditional timeshare models. Platforms like United Atlas take this a step further by allowing users to manage their tokenized timeshares on NFT marketplaces, enabling easy buying, selling, or trading. This makes the entire process much more flexible and user-friendly. In addition to simplifying ownership, blockchain introduces smart contracts for bookings and payments. These self-executing contracts automate transactions, reducing errors and avoiding disputes. By ensuring smooth and secure processes, platforms like United Atlas provide a more reliable experience for travelers. The integration of multi-currency payment systems is also breaking down barriers. Travel platforms are increasingly accepting cryptocurrencies like Bitcoin and Ethereum alongside traditional payment methods, making transactions more convenient for a wider audience. Flexibility in payment options is essential for crypto-travel to thrive and reach more users. Eco-friendly travel is also gaining attention. Platforms now reward travelers with tokens for making sustainable choices, such as booking green-certified hotels or participating in low-impact activities. These tokens can be redeemed for discounts or exclusive perks, making eco-conscious decisions more appealing. Blockchain ensures that these rewards are distributed fairly and transparently, building trust among users and promoting responsible travel. Moving Forward While crypto-travel still faces issues like unclear pricing and limited payment options, platforms are finding new ways to solve these problems. By combining blockchain and AI, they are creating systems that focus on security, personalization, and sustainability. It follows that collaboration and innovation are the future of crypto-travel. As more platforms adopt these solutions, platforms like United Atlas are helping bring us closer to easier, safer, and greener travel.

Read more

‘AI Agents in Ethereum Are Not Priced In,’ Says Crypto VC Ryan Sean Adams

Ryan Sean Adams, a general partner at Bankless Ventures, recently highlighted a groundbreaking development in Ethereum’s ecosystem on social media platform X. According to Adams, an AI agent, @0xzerebro, became the first to stake 32 ETH and launch its own Ethereum validator on Dec. 12. He explained that this ETH was earned by the AI

Read more