Metaplanet, often dubbed Japan’s MicroStrategy for its adoption of Michael 
Saylor&#8217;s Bitcoin investment strategy, is nearing a critical juncture as 
Bitcoin (BTC) retraces below 30% of its all-time highs in under a month. 
Metaplanet Bitcoin Holdings Plummet As of November 26, Metaplanet ranks as the 
fourth largest public Bitcoin treasury company, holding just over 30,000 BTC 
valued at approximately $2.7 billion, with an average acquisition cost of 
around $108,000 per coin. Currently, Bitcoin is trading at approximately 
$87,700, placing the firm at a nearly 17% loss on its investments. The company 
finds itself about $640 million underwater, compounded by a steep drop in its 
stock price, which has plummeted 81% from June highs of ¥1,935 to its current 
valuation of ¥366 per share on the Tokyo Stock Exchange. Related Reading: Has 
The Bitcoin Price Hit Its Bottom? Key On-Chain Data Signals Potential Rebound 
Ahead Recently, Metaplanet borrowed an additional $130 million to bolster its 
Bitcoin holdings, a decision disclosed in a filing on November 21 under a 
previously established $500 million credit facility announced in late October. 
This loan is structured with a floating interest rate that renews daily, 
allowing for repayment at any point. Importantly, the loan is fully secured by 
the company&#8217;s Bitcoin reserves. However, market expert Shanaka Anslem has 
raised concerns on social media platform X (formerly Twitter) about the 
implications of these maneuvers for Metaplanet&#8217;s short-term stability. Key 
Dates Approach Anslem highlighted two pivotal dates that the market should 
closely monitor: December 18, when the Bank of Japan (BoJ) will decide on 
interest rates, and December 22, when Metaplanet shareholders will vote on a 
proposed $135 million fundraising initiative. The outcomes of these events are 
intertwined. The expert asserts that if the Bank of Japan opts for tighter 
monetary policy, resulting in a strengthened yen, Bitcoin prices may decline, 
potentially collapsing Metaplanet&#8217;s stock premium and jeopardizing the 
fundraising vote. Conversely, should the central bank maintain its loose 
policies, leading to a weakened yen but stable Bitcoin prices, the vote may 
pass, allowing the company to survive. Related Reading: Monad (MON) Price 
Skyrockets 80%, Emerges As Best Performer Among Top 100 Cryptos This situation 
holds significance beyond Metaplanet itself. Japan currently lacks a Bitcoin 
exchange-traded fund (ETF), making Metaplanet the sole avenue for Japanese 
investors to gain exposure to Bitcoin via the stock exchange. This factor 
contributed to a 4,000% increase in the company&#8217;s stock value in 2024; 
however, the price plunged 81% when Bitcoin dropped by 30% over the past month 
amid rising selling pressure that has prompted fears of a new bear market 
among investors. Leverage further amplifies the existing risks. For Metaplanet 
to break even, Bitcoin must reach $108,000. For their investment model to 
function effectively, however, BTC must surpass $130,000. If Bitcoin falls 
below $70,000, Metaplanet may have to sell assets to meet collateral 
requirements. Anslem further noted: For now, Metaplanet stands as neither 
triumph nor failure but as the most consequential experiment in corporate 
Bitcoin allocation currently running… The hotel company that bet everything on 
Bitcoin approaches its moment of truth. The world should be watching. Featured 
image from DALL-E, chart from TradingView.com

Metaplanet In Jeopardy: Bitcoin Needs To Surpass $108,000 By December 18 To Prevent New Crisis

The breach occurred as Upbit’s parent company, Dunamu, sealed a $10 billion 
acquisition deal with Naver and plans an initial public offering in the US.

Upbit hit with $36M Solana hot wallet breach day after $10B Naver deal

MIAX to retain 10% ownership in derivatives exchange while Robinhood and 
Susquehanna acquire 90% stake in strategic market expansion move. Miami 
International Holdings (MIAX) has announced the sale of a 90% equity stake in 
MIAXdx, its derivatives exchange subsidiary formerly known as LedgerX, to 
Robinhood Markets and Susquehanna International Group. The transaction, set to 
close […]

Miami International Holdings to Sell Majority Stake in LedgerX to Robinhood and Susquehanna

The hack underscores the vulnerabilities in blockchain networks, prompting 
exchanges to bolster security measures and customer trust initiatives.
The post Upbit discloses $37M hack on Solana network, pledges to cover 
customer losses appeared first on Crypto Briefing.

Upbit discloses $37M hack on Solana network, pledges to cover customer losses

What to Know: Most crypto wallets remain either centralized with failure 
points or overly technical, lacking mobile-friendly UX and meaningful user 
rewards or integrated benefits. Fragmented tooling forces users to juggle 
separate apps for swaps, staking, tracking and presales, creating friction 
that slows broader Web3 adoption. Best Wallet Token backs a non-custodial, 
multi-chain mobile wallet that integrates tracking, swaps, staking and curated 
presales within a single interface. By tying fee discounts, higher staking 
yields and presale access to $BEST, Best Wallet Token aims to turn the wallet 
into a full-stack Web3 opportunity hub. Crypto wallets are no longer just key- 
storage tools. As more users live on-chain (trading, staking, gaming and 
joining presales) the wallet has quietly become Web3’s most important 
interface. Yet most options still force you to juggle multiple apps, sacrifice 
control, or tolerate clunky UX that scares off newcomers. Centralized wallets 
can freeze accounts or become single points of failure. On the other hand, 
many non-custodial wallets feel designed only for power users, with confusing 
signing flows, limited or no presale access, and few real perks for loyal 
holders. You’re either giving up sovereignty or leaving obvious value on the 
table. Best Wallet is positioning itself as a direct answer to that gap: a 
non-custodial, multi-chain Web3 wallet that bundles tracking, staking, swaps 
and vetted presales into one mobile-first app. The thesis is simple: if the 
wallet is where you live, it should also be where you earn, discover and save 
on fees. The Best Wallet Token ($BEST) presale ends tomorrow, giving a final 
chance to buy at presale price before listings and heavier marketing kick in. 
With $17.65M already raised at $0.026005 per token, there&#8217;s already strong 
demand for a wallet that aims to capture 40% of the crypto wallet market share 
by the end of 2026. Learn more about what is Best Wallet Token. Best Wallet 
Bundles Web3 Into One Mobile-First Experience Best Wallet Token is backing a 
non-custodial, no-KYC wallet that aims to be the ‘home screen’ for your entire 
Web3 life. Instead of bouncing between a swap app, staking dashboard, 
portfolio tracker and presale platform, you manage everything inside a single, 
mobile-first interface designed for everyday users, not just DeFi natives. 
Under the hood, Best Wallet integrates Fireblocks MPC-CMP security, multi- 
wallet portfolios, and a DEX aggregator powered by Rubic that connects to 50+ 
chains, 200+ DEXs and 20 cross-chain bridges. For you, that translates to 
better pricing on swaps, broader asset coverage (60+ chains in the future), 
and fewer blind spots when moving capital across ecosystems. The standout 
feature is the Upcoming Tokens portal, which curates the best crypto presales 
and streamlines presale participation. Instead of chasing links and worrying 
about fake sites, you can discover vetted opportunities directly inside the 
wallet and pay with assets you already hold. $BEST Price Potential &amp; Whale 
Interest Signal Explosive Future On-chain signals are already flashing 
interest from larger players. Smart money is moving, with one whale buying 
$16K yesterday and another adding in $13.8K 5 days ago. That kind of 
conviction ahead of listings often reflects a longer-term view on utility, not 
just a quick flip narrative around launch. Our $BEST price prediction also 
estimates large gains in the future, with a 2026 prediction at 
$0.05106175/token. That’s a 96% from today’s price of $0.026005. The 
tokenomics also lean into long-term alignment. $BEST holders unlock reduced 
fees across the Best Wallet ecosystem, higher APY opportunities through the 
staking aggregator, and priority access to future presales inside the Upcoming 
Tokens portal. An 8% allocation, or 800M tokens, is reserved for staking 
rewards, with dynamic proportional yields and immediate staking available 
during presale. Best Wallet Token is trying to turn the wallet from passive 
infrastructure into your primary yield and access layer. By combining non- 
custodial security, multi-chain swaps, tracking, staking and curated presales 
in one app, it targets both crypto natives looking to consolidate tools and 
newcomers who want a simpler on-ramp with tangible perks. Here’s how to buy 
$BEST now. With the presale closing tomorrow and a current raise of $17.65M, 
the timing window is narrow for those looking to enter at the current 
valuation. If you believe the next wave of adoption will be won at the wallet 
layer, $BEST is positioned as a direct bet on that thesis. Join the $BEST 
presale before it ends tomorrow. This article is for informational purposes 
only and does not constitute financial, investment, or trading advice; always 
do your own research. Authored by Elena Bistreanu, NewsBTC &#8211; 
https://www.newsbtc.com/news/best-wallet-token-presale-ends-tomorrow-last- 
chance-before-listings

Cryptocurrency price in IDR