Author: James Wilson

Japan’s ‘MicroStrategy’ Metaplanet is doubling down on its Bitcoin bet with another major purchase. Summary Metaplanet has purchased 581 BTC for $61 million at an average price of $118,519 per coin. The company is aiming to reach 30,000 BTC on its balance sheet by the end of 2025. Metaplanet’s stock has fallen 37% over the past month amid a broader market cooldown. On August 12, the Tokyo-based Bitcoin (BTC) treasury firm announced the acquisition of an additional 581 BTC, worth roughly $61 million. The purchase was made at an average price of $118,519 per BTC, bringing its total holdings to…

Terraform Labs founder Do Kwon is in talks to plead guilty in a U.S. criminal case tied to the $40 billion Terra collapse. Summary Do Kwon may plead guilty in U.S. case over the $40B Terra ecosystem collapse, according to Bloomberg sources. LUNA and LUNC prices fell as investors weighed potential legal and market fallout. Case follows global legal pressure, with Kwon already convicted in Montenegro and facing extradition requests. Terraform Labs founder Do Kwon may plead guilty in a U.S. criminal case over the 2022 collapse of the $40 billion Terra ecosystem, according to an Aug. 11 Bloomberg report citing people…

Heritage Distilling to hold $360M in Story Protocol’s IP tokens, becoming the first Nasdaq-listed firm to adopt a blockchain IP asset as reserves. Summary Heritage to acquire 52.5M IP tokens worth $361M as its main treasury reserve. Story will use sale proceeds for IP buybacks to support market alignment. IP trades at $6.09, down 12% in 24h but up 36% in 30 days. Heritage Distilling Holding Company (Nasdaq: CASK) will become the first U.S.-listed firm to adopt Story Protocol’s (IP) token as its primary reserve asset, according to an Aug. 11 announcement. The move comes through a $220 million private…

Fresh off a $20 million purchase, Mill City Ventures has hundreds of millions more ready to deploy. With nearly all 81.8 million tokens staked for yield and a direct line to discounted supply, the Nasdaq-listed firm appears to be executing a calculated strategy in the Layer 1 landscape. Summary Mill City Ventures boosts SUI holdings to $316M after $20M discounted purchase, staking nearly all for yield. Unique Sui Foundation deal and millions in liquid reserves position firm for high-stakes Layer 1 allocation plan. On August 11, Mill City Ventures disclosed the acquisition of 5.6 million SUI tokens at an average…

The TON Foundation revealed that the venture arm of Coinbase has invested in its network. Summary TON Foundation reveals Coinbase Ventures invested in Toncoin. Coinbase didn’t disclose the amount of TON it holds. Sequoia Capital, Ribbit, Paradigm are among other VC investors in TON. The TON ecosystem is expanding after securing another major partnership. On Monday, August 11, the TON Foundation announced that Coinbase Ventures invested in Toncoin Toncoin (TON). TON Foundation is excited to share that @cbventures is now holding Toncoin. As one of the most recognized investors in the Web3 space, Coinbase Ventures, joining the growing list of…

Succinct price surged more than 26% in the past 24 hours as broader crypto momentum helped the decentralized zero-knowledge platform’s native token reach a new all-time high above $1.70. Summary Succinct token PROVE has spiked more than 26% in the past 24 hours. PROVE price is up 89% this past week and hit a new all-time high of $1.72 on Aug. 11. Exchange listings and broader crypto bounce helped the token higher. The Succinct (PROVE) token reached a new all-time high of $1.72 on August 11, 2025, hitting the milestone amid a post-mainnet launch rally. Succinct, which eyes the burgeoning…

Nansen flagged an unknown entity just parked 33,000 ETH in a freshly minted multisig wallet funded from a BitGo account. Meanwhile, Bernstein says such large-scale ETH moves could herald a broader rally where Coinbase stands to collect the biggest gains. Summary Nansen flagged a new multisig wallet receiving 33,000 ETH (~$143M) from a BitGo hot wallet on August 11. The wallet, likely linked to an institutional or high-net-worth entity, signals renewed large-scale capital flows into Ethereum. Bernstein analysts see such moves as a sign of an ongoing Ethereum “alt rally,” positioning Coinbase to benefit significantly. In a statement shared with…

Bitcoin is moving higher on the daily timeframe after breaching all key resistances below its all-time high. A test of the channel’s upper boundary is likely before a corrective phase sets in, targeting $135,000. Summary $119K is the critical support level maintaining bullish structure. BTC is approaching high timeframe resistance beyond all-time high at $135K. Rejection may trigger range trading between $100K and the channel top. Bitcoin (BTC) has cleared multiple resistance levels, leaving only the all-time high ahead. Once this final barrier is breached, it could trigger an accelerated push into the channel’s high resistance zone. However, this area…

The U.S. debt continues to grow steadily, reaching $37 trillion. The White House’s attempts to cut spending and boost revenue through tariffs have yet to slow the pace of this growth. Cryptocurrency advocates suggest that digital assets could play a role in tackling the national debt problem. But what are the chances the U.S. can pay it off, and can crypto help? Summary U.S. national debt reached $37 trillion, while Congress raised the debt limit by $4 trillion Tariff revenues and spending cuts in several spheres don’t seem to impact the U.S. debt situation that much Proposed Bitcoin Act and…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. An institutional wallet bought 60 million XRP in 24 hours, and GMO Miner is now letting holders turn idle XRP into stable daily income through cloud mining contracts. Summary GMO Miner’s XRP cloud mining contracts allow users to earn passive income daily without mining hardware or complex setup. The platform supports multiple cryptocurrencies, offers flexible contract terms, and ensures security with multi-layer protection. Profits are automatically settled every 24 hours, with the principal returned at contract expiration for easy…