Welcome to the Asia -Pacific morning memory – your essential digestion of night cryptography developments shaping regional markets and global feeling.
Take a green tea and look at this space. The adoption of the institutional crypto is accelerating while Fidelity supports Metaplanet’s Bitcoin strategy, Henry Chang wins the legal justification for Wemix, and Sharplink amasse the greatest post of Ethereum Treasury in the world.
National Financial Services, the exclusive subsidiary of Fidelity Investments, has become the largest shareholder of Metaplanet Corporation with a 12.9% participation of a value of 130 billion yen on June 30. This strategic positioning by the Fidelity securities division reports an extent of the institutional appetite for exposure to actions adjacent to Bitcoin.
Known as “Asia Microstrategy”, Metaplanet increased more than 150 billion yen this year to extend Bitcoin Holdings, recently adding 797 BTC to reach 16,352 total bitcoins. The company now ranks fifth in the world among the holders of bitcoins listed in balance sheet, with acquisitions totaling 239.6 billion yen generating approximately 47 billion yen of unpaid gains at 291.2 billion ¥ of evaluation.
This institutional support reflects the evolution of the perception of digital assets among traditional financial giants.
The former CEO of Wemade, Henry Chang, acquitted in the Wemix affair
The district court of southern Seoul pronounced a verdict of non-measure for Henry Chang, the former CEO of Wemade and the head of Nexus current, concerning violations of the law of the capital market linked to the declarations of liquidation of the Wemix tokens. The court judged that insufficient evidence linked Wemix prices to the performance of Wemade shares.
Judge Kim Sang-Yeon stressed that “Wemix’s prices and Wemade shares are not necessarily moving”, the rejection of proceedings that Chang’s public declarations have set up the liquidation of Wemix while continuing indirect operations constituted market manipulation.
The decision highlighted the fundamental differences between Wemix tokens and Wemade actions, noting separate legal frameworks, emission entities and trading mechanisms. External factors such as global game performance and liquidity expansion have better explained the assessment of Wemade’s actions.
Wemix is negotiated about 7% higher at the time of the press on world exchanges, including Bybit, Bitget, Mexc and Gate.io, despite the exclusion of the Korean platform. This first instance verdict awaits the potential call for prosecution following the analysis of the judgment.
Sharplink Gaming becomes the largest holder of the world company
Sharplink Gaming (SBET), listed at NASDAQ (SBET), has become the largest holder of Ethereum d’Entreprise in the world, going beyond the Ethereum Foundation with 280,706 ETH in July 13. The company acquired 74,656 ETH at a weighted average price of $ 2,852 from July 7 to 13, funded by $ 413 million in shares.
Sharplink strategically allocated 99.7% of his assets to ignition protocols, generating 415 ETH in awards since the implementation of his cash strategy in June. Purchases not reported additional via Coinbase Prime extended the assets to around 294,000 ETH, with an average acquisition cost of $ 2,695.
The aggressive accumulation strategy has generated approximately $ 92 million in unpaid current prices, while $ 257 million in unintended capital is posting the company for continuous expansion. Sharplink’s shares jumped 116% in the last month, winning an additional 21.31% on Tuesday.
Shigeki Mori and Paul Kim contributed.
Non-liability clause
All the information contained on our website is published in good faith and for general purposes only. Any action that the reader undertakes on the information found on our website is strictly at their own risk.
