Space Token narxSPACE

Metaplanet,a Japanese investment company has acquired 135 Bitcoin and has a reserve balance of 2,235 BTC . The latest acquisition of nearly $13 million further emphasizes the company’s investment in Bitcoin as a reserve asset amid economic downturn. 🇯🇵 JUST IN: Metaplanet bought 135 Bitcoin worth around $13 million, totalling to 2,235 $BTC on their balance sheet. pic.twitter.com/sBFBg2f5Um Metaplanet has gained attention for its continuous Bitcoin accumulation, drawing comparisons to the U.S.-based Strategy(formally MicroStrategy ). The company has positioned Bitcoin as its primary treasury reserve asset, utilizing innovative financial strategies to optimize shareholder value. By increasing its Bitcoin holdings, Metaplanet aims to hedge against the yen’s depreciation and Japan’s rising government debt. Being the sole listed Bitcoin Treasury firm in Japan, the strategy of Metaplanet follows an emerging trend of institutional Bitcoin investment. The company’s strategy follows that of MicroStrategy that has been steadily increasing the Bitcoin holdings in a bid to hedge against the risk of the fiat currency. Metaplanet has ambitious acquisition targets of Bitcoin holdings with a 2025 target of 10,000 BTC. The company anticipates a 35% Bitcoin yield per quarter throughout 2025 that will further reinforce the company’s long-standing belief in Bitcoin’s store of value position. The company has a 2026 target of 21,000 BTC of total Bitcoin holdings. To finance such acquisitions, Metaplanet has announced the “21 Million Plan,” wherein 21 million shares will be issued through the issue of moving strike warrants. This largest-ever Bitcoin equity capital raising in Asia has the ambition of raising ¥116.65 billion of capital that will be used to buy additional Bitcoin. In contrast to its bullish Bitcoin strategy, Metaplanet shares ended lower Tuesday trading 1.45% lower at ¥6,120.00 based on figures provided by Google Finance as at the time of writing. The move indicates that although the company’s Bitcoin strategy has been established, short-term volatility of the shares continues to be a factor in investor attitudes. Metaplanet continues to affirm its support of Bitcoin as a treasury asset and asserts itself as a leading institutional force within the space of digital assets. Through ambitious accumulation goals and planned financing strategies, the company maintains a drive toward expanding reserves of Bitcoin and embracing the changing world of finance. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Btw I'll cut my time online starting tomorrow for few days due to some personal reasons. Appreciate all the help last few days from some people in the Space. They know who they are. Thank you all. You know when you do good, this good will come back to your or your Family 🔥

The market is certainly in a dubious space at the moment. There is a lot happening in the crypto landscape as well as in the macroeconomic space. As a result, the prices of crypto assets are simply going haywire. While yesterday seemed positive for LTC, today seems like a completely different story. Sources at Coinpedia suggest that the token is all set for a massive price drop. According to the reporting of Coinglass, the potential reason behind this slump is a formation of negative price action, along with a bearish sentiment. LTC is currently trading near the $127 mark and has experienced a 6% price drop in the last 24 hours. At the same time, the trading volume of the token took some hits and declined by 23%. This decline suggests that traders do not want to engage in trading LTC at the moment. This seems completely different from the previous day when the community was optimistic as SEC was at the cusp of approving a spot ETF for LTC. LTC Technical analysis Source: TradingView Expert analysis suggests that LTC has been operating in a tight band between $95 low and $141 high since November 2023, showing somewhat bearish movement. However, regardless of the bearish momentum, the price of the coin surged by 38% in the last few days. However, details show that the market is under tremendous selling pressure as it is fearing another price drop. Historical data suggests that if LTC fails to break the $141 mark in the next few days, it could fall by 25% and go back to the $95 support level. Meanwhile, the 200 EMA is showing that the coin is on a slight uptrend. Therefore, it is clear that analytics are giving mixed signals. Mixed Metrics Source: Coinglass On-chain analytics firm Coinglass suggests that intraday traders are currently betting on the bearish side of the token. The exchange liquidation map shows that the short-side bettors are over-leveraging the $141.5 level. As a result, they have built a whopping 67 million US dollars worth of short positions in the last week. However, long-side traders seemed to be staying out of the game, as they had only built $21 million worth of long positions Source: Coinglass Despite the bearish outlook of the coin, it seems that long-term investors are still on the spree of accumulating the token. In the past 24 hours, around $9.41 million worth of LTC tokens have outflown out of exchanges. Therefore, it is safe to say that short-term traders are betting on the bearish momentum of the coin, while long-term players are using the slump to buy more. The post Is LTC On The Brink Of Crashing By 25%? appeared first on Coinfomania.

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Russian President Vladimir Putin has expressed a bold vision for collaboration between Russia and billionaire entrepreneur Elon Musk. According to reports, Putin instructed Gazprombank Deputy CEO Dmitry Zauers to explore a partnership with Musk, particularly in aerospace and neurotechnology. According to Zauers, Putin directly mentioned Musk, urging Russian officials to “join forces” with the Tesla and SpaceX founder. The Russian leader believes that once Musk completes his U.S. government efficiency reforms, he will return to scientific innovation, making it an ideal time for cooperation. Zauers highlighted Russia’s progress in aerospace batteries and neurochips, describing them as “our answer to Elon Musk.” However, instead of competition, Putin appears to be advocating for a collaborative approach between Musk and Russian technology firms. Amid growing speculation, Musk addressed the topic at the Conservative Political Action Conference (CPAC) in Maryland. When asked whether he could be a Russian asset, Musk jokingly dismissed the idea, stating: “Putin can’t afford me.” This statement suggests that Musk has no plans to collaborate with Russia, casting doubt on his willingness to engage in such a partnership. Since Donald Trump’s presidential win , Putin and Russian officials have been actively exploring working relationships and potential deals with the Trump administration to stabilize Russia’s economy. The extent of these discussions remains unclear, but they signal Russia’s efforts to strengthen economic and technological ties. Musk’s influence in space, AI, and technology has made him a key figure of interest for global powers, including Russia and BRICS nations. If a Russia-Musk partnership were to materialize, it could reshape technological alliances as BRICS nations continue working towards reducing dependence on Western technology giants. For over a decade, BRICS has been exploring alternative financial systems, aiming to reduce reliance on the U.S. dollar. With Donald Trump returning to power, he has renewed his aggressive stance on global economic policies, particularly criticizing BRICS. Economic sanctions and shifting geopolitical alignments have further accelerated this trend. As mentioned in a previous article , the BRICS alliance continues to expand, with 23 countries formally applying to join in 2025. Nations such as Russia and Iran have already taken steps to bypass the dollar by creating an alternative to the SWIFT payment system. The bloc is also discussing the creation of a common currency, potentially challenging the dollar’s dominance in global trade. However, not all emerging economies are on board. Indonesia, for example, has opted to stay out of BRICS, wary of becoming entangled in a China-led anti-Western agenda. This highlights the growing divide among developing nations, as some align with BRICS while others remain cautious. As BRICS nations continue pushing for economic and technological independence, Russia’s outreach to Musk adds another layer of complexity to the global power structure.