What is happening in the crypto market today, on Sept. 10? Explore the latest updates.
Metaplanet’s stock has continued its decline, dropping 28% over the past month and 30% from its mid-August peak.
In an effort to expand its Bitcoin strategy, the firm announced plans to raise ¥212 billion ($1.4 billion) through the issuance of up to 385 million new shares. The proceeds will be used to increase its Bitcoin holdings and generate income through BTC options trading.
The issue price was set at ¥553 per share. It represents a nearly 10% discount from the previous closing price.
According to the Polymarket data, most traders anticipate a 25-basis-point Fed rate cut next week.
Meanwhile, JustWakingUp, leading Polymarket trader, has made a $15,000 bet on the Federal Reserve delivering a 50-basis-point rate cut. If the call proves correct, the bet could return as much as $226,000.
Bitcoin is trading below $ 112,000 again. Nevertheless, the Fed’s expected rate cut could bring massive inflows.
Explore the key factors that are projected to impact Bitcoin price in the near future here.