Metaplanet’s $510M BTC Raise, NYC Crypto Plans, Arizona Bitcoin Reserve

Key Crypto Market Developments

Metaplanet Raises $510 Million for Bitcoin Acquisition

Metaplanet successfully raised $510 million specifically earmarked for purchasing Bitcoin (BTC), reflecting strong institutional interest and confidence in cryptocurrency as an asset class.

NYC Mayor Eric Adams Unveils Crypto Policy Plans

New York City Mayor Eric Adams has announced ambitious crypto-related initiatives including the establishment of a city crypto policy council, introducing digital currency education into schools, and exploring cryptocurrency applications in city services. He also proposes issuing Bitcoin bonds, despite opposition from the city comptroller.

Melania Meme Token Team Nets $35.76 Million

The team behind the Melania meme token ($MELANIA) sold 82.18 million tokens across 44 wallets over four months, generating approximately $35.76 million. This sale represents 8.22% of the total token supply. The current price of the token is $0.2110, down 3.2% in the past 24 hours.

Matter Labs Unveils zkVM Prover “Airbender”

Matter Labs introduced its zkVM prover named “Airbender,” capable of verifying Ethereum blocks within 35 seconds on a single GPU. This technological advancement is expected to significantly reduce transaction fees to less than one cent. Integration into ZKsync is anticipated by late summer.

South Korean Banks Plan Stablecoin Initiative

Eight major South Korean banks, including KB Kookmin, Shinhan, and Woori, are forming a joint venture to issue a stablecoin pegged to the South Korean won, marking a significant step toward mainstream blockchain adoption in financial services.

Sahara AI Tokenomics Unveiled

Sahara AI introduced its tokenomics model for the $SAHARA token, with a total supply of 10 billion tokens. The token will facilitate access to AI data, computational resources, gas fee payments, staking, and governance.

Coinbase Assists US Secret Service in Recovering $225 Million

Coinbase assisted the US Secret Service in tracing and recovering $225 million in stolen cryptocurrency linked to the 2023 “pig-butchering” fraud scheme, demonstrating the exchange’s capabilities in cybersecurity and asset recovery.

BitGo Considers IPO Amid Asset Growth

BitGo is contemplating an initial public offering (IPO) in the second half of 2025 after achieving $100 billion in assets under management in the first half of the year, up from $60 billion previously.

Chainlink Gains 11% Amid Record Holder Numbers

Chainlink’s token price surged by 11%, coinciding with a record high number of token holders reaching 769,380. Despite a 17.3% decline in wallet activity over the past year, analysts see this as a long-term investment opportunity.

Rumors of Trump’s Pardon for CZ Debunked

Rumors emerged suggesting former President Trump approved a pardon for Binance CEO Changpeng Zhao (CZ). Binance co-founder He Yi dismissed these claims as unfounded.

House Democrats Join Republicans to Block Trump Impeachment

A bipartisan coalition in the House of Representatives, including 128 Democrats, successfully blocked an impeachment attempt against Trump related to military actions against Iran, proposed by Representative Al Green.

Arizona Passes “Bitcoin Reserve” Bill

Arizona passed Bill HB2324 to establish a “Bitcoin Reserve.” The law focuses on creating a reserve to securely store assets confiscated through criminal activities.