Metaplanet shares jumped 16% to 1,105 yen ($7.38) after the firm announced a purchase of 107 Bitcoin for nearly $6.7 million, raising its total holdings to 855.5 BTC valued at over $56.1 million. The company has made multiple Bitcoin purchases this month, inspired by MicroStrategy's strategy, and now holds the 23rd largest Bitcoin stash among public companies. Metaplanet's investment strategy includes utilizing various capital market instruments.
The Sui Foundation has denied allegations of insider token sales following claims of a $400 million Sui token transaction. They clarified that no insiders from the Foundation, Mysten Labs, or its investors participated in the sale. The Foundation suggested the wallet likely belongs to an “infrastructure partner” holding tokens under a lock-up schedule. The response followed accusations from analyst Lightcrypto on social media, questioning Sui's recent price surge and ecosystem potential.
An FTX/Alameda-linked Solana address received 178,631 SOL ($28 million) recently, according to on-chain analyst EmberCN. Historical data suggests these funds may soon be moved to Coinbase or Binance. The address is known for processing similar transactions monthly, usually transferring around 170,000 SOL between the 12th and 15th. Currently, the address holds approximately 7.09 million SOL ($1.107 billion) in staked assets.
U.S. Bitcoin spot ETFs saw their largest inflow day in four months, with a staggering $555.9 million on Oct. 14. Bitcoin surged to a two-week high of $66,500. Fidelity led the pack with $239.3 million in inflows, with institutional investors driving demand. ETFs now approach $20 billion in net inflows for 2024, as highlighted by ETF Store President Nate Geraci, who described it as a “monster day.”
On October 14, a whale purchased 1.38 million POPCAT at $1.41 after withdrawing 12,716 SOL ($1.94 million) from Binance, according to Lookonchain. Despite a $4.44 million loss on WIF trades, the whale reduced their loss to $2.5 million and now holds 2.05 million POPCAT worth $2.82 million, with unrealized profits of $518,000.
Bitcoin surged 2.14% to around $64,300, driven by optimism following China's fiscal stimulus announcement, which revitalized Chinese equities. Analysts noted that the cryptocurrency’s upward momentum reflects a broader positive market sentiment. However, upcoming Q3 GDP data and earnings reports from U.S. banks could impact market direction, as geopolitical risks and political uncertainty loom ahead of the November elections.
Ethereum co-founder Vitalik Buterin has donated $884,000 to charities over the past ten days as memecoin enthusiasts send tokens to his wallet. He converted $1.6 million worth of memecoins into Ether, including significant amounts from Moo Deng, Monsterra, and ETHEREUM IS GOOD. Buterin praised the memecoin community but encouraged direct donations instead. His remaining crypto portfolio includes $2.4 million in MOODENG tokens.
A 2009 Bitcoin whale started mining just five days after Bitcoin's first block sold $4.8 million worth of BTC. The whale moved another $624K to Kraken. At the time of writing, it holds approximately $70.4 million in Bitcoin. The whale is selling 10 BTC twice a week, which, if continued, would deplete his holdings by mid-November 2025. The crypto community is closely monitoring the whale’s movements, as this ancient BTC miner’s actions have the potential to impact market sentiment and price trends.
Thailand's SEC has proposed new rules allowing mutual and private funds to invest in digital assets, aiming to align with global trends and meet growing institutional demand. The regulations focus on offering crypto products like ETFs to large investors. This move comes as international interest in digital assets surges, prompting the need to update Thailand's outdated framework for mutual fund investments. However, the rules would differ between high-risk assets and stablecoins to maintain a steady value.
Caroline Ellison, former co-CEO of Alameda Research, has agreed to transfer most of her remaining assets to FTX debtors as part of a settlement to resolve a lawsuit filed by the FTX bankruptcy estate. A U.S. bankruptcy judge approved the plan, which aims to recover millions lost in FTX’s collapse. Ellison also committed to cooperating with ongoing investigations into the case.
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