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Clarity Act stumbles, Strategy trims again, and the fight nobody saw behind Mastercard’s $1.8 billion BVNK buy
The cryptocurrency industry is undergoing a significant stress test, with events like a major Bitcoin outflow due to a Coldcard wallet attack, the failure of the Digital Asset Market Clarity Act to pass the Senate, and multiple corporate treasury sales of Bitcoin. Despite these challenges, institutional interest remains, with Fidelity proposing staking rewards for its Ether ETF and Goldman Sachs acquiring NEOS. Meanwhile, Bybit has sued North Korea over a $1.5 billion hack, and over 100 crypto projects have shut down this year, indicating a market shakeout.
Metaplanet CEO Shoots Down $320M Bitcoin Sale Rumors: ‘No Bitcoin Was Sold’
Metaplanet CEO Simon Gerovich has denied rumors that the company sold 5,014 Bitcoin, valued at $320 million. He clarified that the cryptocurrency was merely transferred between Metaplanet's own custodial wallets as part of a routine operation, and the company's total holdings remain at 43,000 BTC. This clarification comes amid increased scrutiny of digital asset treasury firms.
