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Tokyo-listed Bitcoin treasury firm Metaplanet has tapped a $100 million Bitcoin-backed loan to fuel further bitcoin accumulation, expand its income business, and potentially repurchase shares amid mounting market volatility. The borrowing, executed on October 31 and disclosed today, November 4, marks the first drawdown from Metaplanet’s $500 million credit facility announced in late October.  The funds will primarily go toward additional Bitcoin acquisitions, according to the company. Metaplanet’s loan is collateralized by its 30,823 BTC — worth roughly $3.5 billion — and represents just 3% of its total holdings, underscoring what management called a conservative financial policy, according to CoinPost.…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple has made yet another move in its long-running campaign to reshape global payments, this time acquiring Palisade, a digital asset custody infrastructure company. The deal marks the company’s fourth acquisition in recent months and is a clear escalation in what many describe as the company’s competition with SWIFT, the dominant global payments messaging network. Ripple Makes Another Major Acquisition Palisade announced the acquisition on X, noting that its wallet-as-a-service technology will now form part of Ripple’s next-generation payments and custody infrastructure. The startup noted that its…

In brief Iggy Azalea is backing a platform for “culture coins” called Thrust. The platform’s tokens are tied to legally binding contracts. Megan Fox is expected to introduce a token in December. As part of her latest undertaking in crypto, Iggy Azalea is trying to prevent celebrities from profiting on Solana-based tokens at the expense of their fans.The Australian rapper, who created a meme coin last year, is joining Thrust as creative director and strategic partner, according to a press release shared with Decrypt. The platform, which seeks to eliminate so-called pump-and-dump projects, was unveiled on Wednesday.Thrust is trying to…

Miami Mayor Francis Suarez says he’s sitting on major gains from his Bitcoin paychecks, telling Fox Business he’s “up 300%” since taking his salary in bitcoin. “I got paid at $30,000,” Suarez said, noting that Bitcoin had even been up 400% when it hit $120,000 earlier this year. Despite recent market volatility — with Bitcoin slipping below $100,000 this week — Suarez said he isn’t worried about short-term price swings. [The volatility of bitcoin] “really doesn’t bother me,” he told host Stuart Varney. “I’m more concerned with the macro impact of having a store of value that people have faith…

Crypto fintech company Ripple announced a $500 million strategic investment on Wednesday, at a $40 billion valuation.The firm, whose founders helped create the cryptocurrency XRP, said that funds managed by affiliates of Wall Street giants Citadel Securities, Fortress Investment Group, and Brevan Howard took part in the raise.XRP’s price was trading slightly higher on Wednesday morning New York time, at $2.28 per coin. The coin surged to a new all-time high mark of $3.65 in July after breaking a seven-year-old record, fueled by regulatory optimism and plans for U.S. spot exchange-traded funds tracking the cryptocurrency.”This investment isn’t just validation of…

In brief Robinhood generated $1.2 billion in revenue in its third quarter. In its latest Robinhood note, investment bank Compass Point maintained a “buy” rating and boosted its price target to $161. Robinhood’s prediction markets are gaining traction in the U.S., but the firm is also looking to expand them to other countries. Robinhood Markets generated $1.2 billion in revenue for its third quarter, a nearly 100% gain from the same period a year ago, the firm announced Wednesday, exceeding analysts’ expectations and continuing the online brokerage’s strong top-line growth.Robinhood also surpassed forecasts with earnings per share of $0.61, a…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure With a Solana Spot ETF now in the market, prominent figures and companies are significantly pushing for an XRP Spot ETF, considering it the next big thing for the crypto landscape. As the approval date draws closer, several companies, such as Grayscale, are refining their regulatory approach. Grayscale Sharpens Its XRP ETF Strategy Given the wave of fresh applications, the race for an XRP Spot Exchange-Traded Fund (ETF) continues to heat up in the crypto sector. One of the most recent moves to ensure that the funds…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In a shocking and devastating development, the price of Bitcoin has fallen back to the key $100,000 price mark after months of trading above the level. BTC’s ongoing robust decline has triggered a wave of uncertainty in the market, causing large investors to offload their coins. However, short-term or retail investors are unfazed by the drop as they go on a BTC buying spree. A Difference In Action Between Big And Small Bitcoin Investors As the Bitcoin price continues its downward move back to key support levels,…