Today's Cryptocurrency Prices by Market Caps
The global cryptocurrency market cap today i $2.60T
Market Cap
$2.60T
24h Trading Volume
$140.71B
BTC Dominance
56.66%
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Metaplanet Raises ¥40.8B, Unveils mNAV Warrants to Turbocharge BTC Accumulation
Tokyo-listed bitcoin treasury firm Metaplanet (3350) has secured fresh capital to turbocharge its BTC accumulation plan, raising about 40.8 billion yen (roughly $255 million) from global institutional investors via a placement of new shares. The financing package could expand to as much as 85.3 billion yen (about $531 million) if associated warrants are exercised. Key elements of the deal: - New shares were priced at a 2% premium to the market. - The placement was paired with fixed-strike warrants set at a 10% premium; if exercised, those warrants could inject an additional 44.5 billion yen. - Metaplanet also introduced a new series of moving-strike warrants featuring what it calls the first-ever mNAV (multiple to net asset value) clause attached to stock acquisition rights. These warrants can only be exercised if the company’s shares trade at least 1.01× its modified net asset value — a metric that compares Metaplanet’s market cap with the value of its bitcoin holdings. The company says the mNAV mechanism and warrant structure are designed to prevent dilution of bitcoin exposure per share: any new share issuance under this program will increase bitcoin holdings on a per-share basis. To further manage dilution, Metaplanet has suspended the exercise of previously issued warrants representing up to 210 million shares, putting the new financing structure first. Metaplanet will deploy the proceeds primarily to expand its bitcoin reserves as it pushes toward an ambitious long-term target of holding 210,000 BTC. Currently, the firm holds 35,102 BTC, making it the world’s fourth-largest corporate bitcoin treasury. Market reaction was positive: Metaplanet shares closed about 5% higher on Monday, as bitcoin climbed above $73,000. The deal underscores a growing trend of corporates and institutional vehicles using equity-and-warrant packages to scale crypto treasuries while attempting to align shareholder incentives and limit dilution. Read more AI-generated news on: undefined/news
MicroStrategy Buys $1.57B More Bitcoin (22,337 BTC), Holdings Now 761,068 BTC
MicroStrategy — led by executive chairman Michael Saylor — kept piling on bitcoin last week, filing that it bought another $1.57 billion worth of BTC as part of its ongoing accumulation strategy. Key details - Purchase: 22,337 bitcoin - Average price paid for this tranche: $70,194 per BTC - Total company holdings: 761,068 BTC - Company-wide average cost basis: $75,696 per BTC (total acquisition cost ≈ $57.61 billion) - Significance: This was MicroStrategy’s fifth-largest weekly bitcoin purchase by amount acquired How it was financed MicroStrategy said the latest buy was mainly financed with $1.1 billion raised from sales of its STRC series preferred stock, plus $396 million from common stock sales. Market reaction - Bitcoin was trading around $73,600 Monday morning, up about 2.6% over the prior 24 hours. - MicroStrategy (MSTR) shares were up roughly 4% in pre-market trading. Context The move continues MicroStrategy’s long-running strategy of using the balance sheet to accumulate bitcoin, keeping the company at the top of the list of publicly traded corporate holders. Read more AI-generated news on: undefined/news
SEC Quietly Drops Civil Suit Against BitClout Founder Nader Al‑Naji
SEC quietly ends civil suit against BitClout founder Nader Al‑Naji The U.S. Securities and Exchange Commission has dropped its civil enforcement action against BitClout founder Nader Al‑Naji and several related defendants, the agency and Al‑Naji agreed in a joint stipulation filed March 12 in the U.S. District Court for the Southern District of New York. The SEC said the decision was “based on the particular facts and circumstances of this case.” The stipulation closes the litigation permanently and prevents the SEC from refiling the same claims. Background of the case The SEC sued Al‑Naji in July 2024, accusing him of violating securities laws through BitClout (later tied to the DeSo blockchain), primarily over the sale of the platform’s native token, BTCLT. The agency alleged roughly $257 million was raised from token sales and accused Al‑Naji of diverting more than $7 million of investor funds to personal expenses — including renting a Beverly Hills mansion and making “extravagant cash gifts.” At the time, the Department of Justice also brought related charges that included wire fraud. Named parties and legal fallout The court filing also named several “relief defendants,” including Buse Desticioğlu Al‑Naji, Joumana Bahouth Al‑Naji, Intangible Holdings LLC, Firestorm Media LLC, Viridian City LLC and the DeSo Foundation. Under the stipulation, Al‑Naji and the relief defendants waived any claims for attorney’s fees or damages related to the investigation or litigation. Why BitClout was controversial Launched in early 2021 as a proof‑of‑work blockchain for monetizing social media, BitClout drew immediate controversy. The platform automatically created profiles for public figures by scraping their X (then Twitter) accounts without consent, prompting legal threats over publicity rights. Its “creator coin” mechanic — which lets users buy and sell tokens tied to individuals — raised concerns that the system could incentivize reputational attacks (and allow profit from shorting a person’s token). Critics also pointed to friction in the token flow: users had to convert bitcoin into BTCLT to use the site, with no simple way to convert back, effectively locking funds on the platform. Al‑Naji had said BitClout attracted interest from major venture firms, including Andreessen Horowitz, Sequoia, Coinbase Ventures and Digital Currency Group. What this means for crypto enforcement The SEC’s withdrawal of this civil case removes a high‑profile enforcement fight over a tokenized social network, but it leaves open broader questions about how regulators will handle novel token models and platform firms that blur social media and financial products. The joint stipulation ends this chapter legally, but the episode underscores the regulatory and reputational risks projects can face when token mechanics and user data collide. Read more AI-generated news on: undefined/news
Memecoins Sprint Past Bitcoin and Ether as 'Barbell Strategy' Pays Off
Memecoins sprint past bitcoin and ether as “barbell strategy” pays off By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin’s latest rally has lifted the market, but the biggest winners over the past 24 hours were not the blue chips. Bitcoin climbed more than 2%, trading around $73,470 and briefly topping $74,300 early Monday — its highest level since February. Ether gained about 7%, XRP and Solana each rose over 4%, and the CoinDesk 20 Index added nearly 4%. Still, the standout performers were memecoins. PEPE led the top 100 with a 19% surge; BONK and PENGU each jumped more than 10%, and SHIB also outpaced ether’s gain. In fact, five of the day’s best-performing tokens were memecoins — a pattern that has become increasingly common since 2023–24. Traders and observers call this the “barbell strategy”: one end of the portfolio holds a “serious” asset such as bitcoin, which is seeing growing institutional adoption, while the other end is deployed into highly speculative, small-cap memecoins and altcoins. That approach differs from the last crypto bull market, when BTC-led rallies more consistently lifted productive sectors like DeFi and play-to-earn projects. One driver behind the absence of a broad-based “alt season” is sheer supply. CoinMarketCap data show the total number of tokens ballooned past 37.8 million in roughly three years, spreading investor demand across thousands of projects and diluting concentration in any one alternative sector. Some in the market are looking to U.S. policy — specifically the proposed Clarity Act — to restore confidence and catalyze a wider market upswing. Others warn that the window for decisive regulatory action is narrowing. Outside crypto, S&P 500 futures were firmer as oil tested the $100 mark. Nvidia’s GTC conference kicked off Monday; CEO Jensen Huang’s updates on AI and data-center demand are being watched closely by crypto firms that rely on large-scale infrastructure. For deeper breakdowns of today’s altcoin moves and derivatives activity, see Crypto Markets Today. For a calendar of upcoming industry catalysts, see CoinDesk’s Crypto Week Ahead. Data note: treasury and spot ETF holdings referenced in coverage are sourced from Farside Investors. Read more AI-generated news on: undefined/news
ETH Soars 8.8%, Lifts CoinDesk 20 5.1% as All 20 Assets Turn Green
Headline: Ethereum surge lifts CoinDesk 20 — index jumps 5.1% as all components turn green Ethereum’s strong move powered a broad market rally Monday, pushing the CoinDesk 20 Index to 2,140.46 — up 5.1% (+104.17) since 4 p.m. ET on Friday. All 20 assets in the index were trading higher. Top movers - ETH: +8.8% — the biggest driver of the advance - DOT: +8.5% — a close second, helping lift the index Smallest gains - UNI: +0.9% — the weakest performer, yet still in positive territory - BCH: +2.5% — lagging the leaders but contributing to the broad-based uptick The CoinDesk 20 is a broad-based index that’s traded across multiple platforms and regions globally, offering a cross-section view of market performance. Read more AI-generated news on: undefined/news
Abra to Go Public as Abra Financial (ABRX) in $750M SPAC, Eyes Institutional Crypto Wealth
Abra, the crypto wealth-management firm, has agreed to go public via a SPAC deal that values the company at $750 million. Under the transaction, Abra will merge with New Providence Acquisition Corp. III and relist as Abra Financial Inc., expected to trade on Nasdaq under the ticker ABRX. The SPAC’s trust could contribute up to $300 million in cash to the combined company, though the final amount will depend on shareholder redemptions and transaction costs. What Abra does now Founded in San Francisco in 2014 by CEO Bill Barhydt, Abra has shifted from a consumer mobile wallet and remittance app into a crypto wealth platform aimed at institutions, registered investment advisers, family offices and high-net-worth individuals. The platform lets clients custody crypto in segregated “vault” accounts (kept off Abra’s balance sheet), trade hundreds of tokens, earn yield and borrow against holdings. Abra also operates an SEC-registered investment adviser and pitches itself as a bridge between traditional wealth management and crypto markets. Capital plan and growth targets Abra says proceeds from the deal will fund product development, hiring and strategic expansion into tokenized real-world assets and decentralized finance. The company reports “hundreds of millions” in assets under management today and has set a goal of surpassing $10 billion by 2027. A strategic pivot after regulatory scrutiny Abra’s business evolved significantly after the last crypto cycle. The company expanded into lending and yield products through Abra Earn and raised $55 million in 2021 from investors including Blockchain Capital, Pantera Capital and RRE Ventures. Regulatory pushback followed: in 2023 and 2024 Abra reached settlements with U.S. state regulators and the Securities and Exchange Commission related to unregistered lending and securities offerings. Abra responded by winding down U.S. retail operations, returning customer funds, and refocusing its business on institutional and high-net-worth clients via its SEC-registered Abra Capital Management. Next steps The merger remains subject to shareholder and regulatory approvals before closing. If completed, the deal would mark Abra’s return to broader capital markets with fresh funding to accelerate its institutional-focused roadmap. Read more AI-generated news on: undefined/news