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Japanese giant Metaplanet has entered the list of top five Bitcoin holders, taking its latest holdings to 13350 BTC, with the latest purchase on June 30. Earlier today, the firm purchased an additional 1,005 BTC for an average BTC price of $107,601. Following the development, the stock price has surged 10% today to 1633 JPY,
The post Metaplanet Enters Top Five Bitcoin Holders List With 13350 BTC, Stock Jumps 10% appeared first on CoinGape.
Saros, the Solana-based altcoin, has been on an impressive uptrend over the past month. The token’s price has formed new all-time highs (ATHs) nearly every day throughout March.
However, with the momentum showing signs of slowing, investors are wondering if this rally is nearing its end.
The correlation between Saros and Bitcoin (BTC) is currently negative, sitting at -0.43. This negative correlation has worked in Saros’ favor, as it allowed the altcoin to perform well during Bitcoin’s struggles throughout March. While Bitcoin faced significant declines, Saros was able to rally largely due to this inverse relationship.
The shifting dynamics between Bitcoin and Saros will be key to the future price movement of the altcoin. Should Bitcoin regain its upward momentum, Saros may face increased selling pressure. This is because the negative correlation that has benefited Saros may reverse, impacting the altcoin’s ability to maintain its upward trajectory.
The overall macro momentum of Saros shows that investor interest has remained strong. The Chaikin Money Flow (CMF) indicator has been increasing steadily over the past month, signaling consistent inflows.
Recently, it crossed the saturation threshold of 0.7, a level that has historically led to price corrections. This suggests that while Saros has experienced significant gains, the market may be nearing an overbought condition. If profit-taking begins, a price pullback is highly probable for the altcoin.
Saros has surged by an astounding 1,024% since the beginning of March, trading at $0.153 as of now. Throughout March, the altcoin has formed new ATHs almost daily, reflecting strong investor sentiment and demand.
The current ATH stands at $0.163, and the momentum could continue pushing the price upwards, potentially reaching $0.200 if the uptrend remains intact. However, as the price continues to rise, the risk of profit-taking increases.
If Saros faces such a pullback, it could fall back towards the $0.100 support level. If the altcoin loses this key support, the price could drop further to $0.055, invalidating the bullish outlook. Investors should keep an eye on these levels as they will help determine whether the current rally is sustainable.
The post Solana Altcoin Saros Rises 1000% in March, Forms New All-Time Highs appeared first on BeInCrypto.
The post XRP ETF Incoming: SEC Approves April 30 Launch for ProShares appeared first on Coinpedia Fintech News
In a much-awaited development that could shake up the digital asset space, a recent filing indicates that ProShares Trust may launch an XRP Exchange-Traded Fund (ETF) on April 30, 2025. While the U.S. Securities and Exchange Commission (SEC) has yet to confirm a final approval, the proposed public offering date is now in black and white, raising hopes—and eyebrows—across the crypto market.
$XRP ETF APPROVED. https://t.co/JbJ5y39ky1
— Uphold (@UpholdInc) April 27, 2025
The buzz began when industry sources reported on a U.S. SEC document showing ProShares’ registration statement under the Investment Company Act with an “approximate date of public offering” set for April 30. While not yet a formal green light, this is the clearest signal yet that an XRP ETF is imminent.
The XRP price surged on the news, outperforming most altcoins over the weekend. Market analysts say that the ETF speculation aligns with strong technical setups forming across the crypto landscape, particularly falling wedge breakouts, a classic bullish pattern.
While questions remain—such as why only ProShares has surfaced with a proposed launch date, and where BlackRock, Fidelity, and others stand—most experts agree this is a pivotal moment for crypto. If confirmed, XRP would join a select club of U.S.-regulated ETF offerings, a move that could open the floodgates for institutional capital.
The post XRP ETF Incoming: SEC Approves April 30 Launch for ProShares appeared first on Coinpedia Fintech News
In a much-awaited development that could shake up the digital asset space, a recent filing indicates that ProShares Trust may launch an XRP Exchange-Traded Fund (ETF) on April 30, 2025. While the U.S. Securities and Exchange Commission (SEC) has yet to confirm a final approval, the proposed public offering date is now in black and …
The post Trump Media Demands SEC Probe into Alleged DJT Stock Manipulation appeared first on Coinpedia Fintech News
Trump Media & Technology Group (TMTG), the company behind Truth Social, is calling on US regulators to take a closer look at what it claims is suspicious trading activity involving its DJT stock. In a public letter to the SEC’s acting chairman, the company alleged that a UK-based firm, Qube, may be shorting DJT stock without properly disclosing its positions. TMTG believes this kind of trading could be damaging to its stock and wants regulators to step in.
According to TMTG, Qube disclosed in Germany that it held a short position of six million DJT shares, worth over $100 million. But the issue, as Trump Media sees it, is that Qube didn’t make the same kind of disclosure to US regulators or in other major jurisdictions. The firm also claims Qube’s position has since nearly doubled to 11 million shares. If true, this would mean Qube is betting heavily against the stock, and without full transparency, raising concerns of potential market manipulation.
Large-scale short selling, especially without disclosure, can put serious downward pressure on a stock. Trump Media believes this may be playing a role in the poor performance of DJT stock, which has dropped 35% this year.
While the short-selling concerns are getting attention, they come at a time when TMTG is already facing bigger issues. The company is struggling financially, closing last year with less than $4 million in revenue while racking up over $400 million in losses. The stock’s fall isn’t just about short sellers, but it also reflects the company’s deeper challenges, including ongoing investigations around possible misuse of its Truth Social platform.
Despite the financial struggles, Trump Media continues to push into the crypto space. It recently partnered with Crypto.com for a future ETF project and received a boost in attention after market maker DWF Labs invested $25 million in World Liberty Financial, a DeFi platform linked to the Trump brand.
While TMTG’s claims about Qube raise fair questions, it’s likely just one part of the bigger picture. The company is under heavy pressure from investors, regulators, and the market itself. Whether the SEC acts on this request or not, Trump Media will still need to prove it can build a sustainable business, both in tech and now in crypto.
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The post Trump Media Demands SEC Probe into Alleged DJT Stock Manipulation appeared first on Coinpedia Fintech News
Trump Media & Technology Group (TMTG), the company behind Truth Social, is calling on US regulators to take a closer look at what it claims is suspicious trading activity involving its DJT stock. In a public letter to the SEC’s acting chairman, the company alleged that a UK-based firm, Qube, may be shorting DJT stock …