Author: 行政

Metaplanet is cutting executive rewards after concluding that later Bitcoin purchases created less value per share.On Sept. 11, the Tokyo-listed Bitcoin treasury company announced it has reset its Series 10 stock acquisition rights, eliminating more than $220 million in warrant value. This also removes compensation generated by share issuance after September 2025, when its capital raises began producing sharply weaker gains in Bitcoin per diluted share.The move will cancel 131.3 million potential shares, or 41.1% of the Series 10 pool, and reduce the remaining unexercised shares by 55.5% to about 105.4 million.More significantly, Metaplanet has drawn a line between expanding…

Nasdaq’s agreement to invest $100 million in Payward, Kraken’s parent company, adds a planned surveillance rollout to a push into tokenized and always-on markets. One day earlier, Citadel Securities asked U.S. regulators to keep products tied to public companies, including equity-linked event contracts and perpetual derivatives, inside the Securities and Exchange Commission’s perimeter.Together, the two moves expose the gate facing always-on markets. The disputed products use public-company shares, prices or reported financial metrics as reference points. Their legal classification shapes the listing path, market access and investor protections. Nasdaq’s technology could help Payward monitor trading across crypto, equities, tokenized equities,…

SideSwap reopened its markets on Liquid while the network’s route back to Bitcoin remained closed. The split gives Liquid Bitcoin a market price before holders regain the process that converts L-BTC into BTC.At 22:55 UTC on Sept. 10, a Blockstream explorer endpoint showed 4,229 L-BTC outstanding. A simultaneous Bitcoin address reading for the cited federation reserve showed 3,601 BTC. Those two readings imply reserve coverage of about 85.15% and a gap of roughly 627 BTC at that moment.SideSwap’s Sept. 10 statement said Liquid was producing blocks and all SideSwap markets were open. New peg-ins and peg-outs through SideSwap remained closed…

U.S. Bank has completed a live cross-border payment pilot using USBDC, its proprietary U.S. dollar-backed stablecoin. The transaction demonstrated in a limited test that the lender could move its own token between bank entities on a public blockchain while keeping established financial controls connected.The payment moved value between U.S. Bank entities in North America and Europe on Stellar, a public blockchain network used for payments, according to the bank’s September 9 announcement. It was an intercompany pilot, not a customer transaction. The announcement did not disclose the amount moved, a plan for customer access or a commercial rollout date.Although the…

Canada’s banking regulator has finalized a narrow change to its crypto capital rules that should reduce capital overstatement for some market-neutral positions without broadly easing how banks must treat digital-asset risk.The Office of the Superintendent of Financial Institutions’ 2027 guideline, published Sept. 10, treats all regulated exchanges of traditional financial assets as one exchange when banks calculate delta risk for qualifying Group 2a crypto exposures. That allows positions in the same crypto asset on different qualifying regulated exchanges to receive full capital recognition when they also have the same time to maturity. Related ReadingThe Fed is readying to punish banks…

Coinbase CEO Brian Armstrong says Bitcoin’s latest bottom is already in, even as the cryptocurrency remains below a level that historically confirmed recoveries.Armstrong said in Sept. 10 interviews with Bloomberg and CNBC that he expects Bitcoin to trend higher over the next one to two years as the market approaches its next halving, while calling $400,000 by 2030 a “reasonable target.”“I personally think we’ve seen the bottom of the Bitcoin price in this cycle,” Armstrong said, framing the view as his own rather than a Coinbase forecast.The call comes with Bitcoin trading around $77,000, roughly 39% below the record $126,198…

A Federal Reserve Bank of Philadelphia working paper published this month found that public notifications of large crypto transfers were followed by sharply different trading activity on Bitcoin and Ethereum.Non-whale Bitcoin wallets became active and traded in the alerted whale’s direction most strongly during the first 15 minutes. Ethereum participation, by contrast, remained comparatively stable.The Philadelphia Fed working paper matched public Whale Alert notification times with on-chain Bitcoin, Ethereum and Wrapped Bitcoin transfers through the end of 2025.Wrapped Bitcoin, or WBTC, was observed on Ethereum. The authors defined a whale wallet as one that had made at least one transfer…

Nesa’s NES token returned to trading on Binance Alpha and regained Ethereum funding on Kraken on Sept. 10 after venue-specific interruptions tied to an Aug. 24 token-contract security incident.The restorations are not a network-wide relaunch or a single recovery plan. Binance Alpha is using two snapshots to separate eligible 1:1 swaps from refunds on its platform. Kraken said NES covered by its funding incident would migrate 1:1 to a new Ethereum contract, while BNB-chain funding would remain disabled.That distinction matters beyond the two exchanges: neither notice gives a universal migration process for NES held in a private wallet. Related ReadingChain…

Circle is offering $400 million in stock for Tazapay because a stablecoin can cross a blockchain in seconds and still fail as a payment if the recipient cannot receive usable local money.The proposed acquisition, announced Sept. 8, would bring a cross-border payments operator inside the company that issues USDC. Circle said Tazapay connects to more than 60 banking and fintech partners and supports payout rails across more than 100 markets. Those links supply the local licensing, banking access, currency conversion and fiat delivery that an onchain transfer cannot complete by itself.Circle’s announcement did not state a price, but its Form…

The U.S. Treasury bought $5.187 billion of long-dated government bonds on Sept. 10, completing the first operation under its expanded program as Bitcoin investors watched for evidence of easier liquidity.The immediate cross-market readout moved the other way. Treasury’s daily nominal yield curve showed the 10-year yield rising 12 basis points from 4.83% to 4.95%. Its real yield curve, which adjusts the return for expected inflation, showed the 10-year real yield climbing 9 basis points from 2.46% to 2.55%.Higher real yields raise the return hurdle for a non-yielding asset such as Bitcoin. At the same time, U.S. spot Bitcoin ETFs posted…