Ripple News: XRP Joins Bitwise 10 Index, Signaling Mainstream Adoption

The post Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details appeared on BitcoinEthereumNews.com. Japan-based Bitcoin treasury company Metaplanet announced today that it has successfully completed its public offering process. Metaplanet Grows Bitcoin Treasury with $1.4 Billion IPO The company’s CEO, Simon Gerovich, stated in a post on the X platform that a large number of institutional investors participated in the process. Among the investors, mutual funds, sovereign wealth funds, and hedge funds were notable. According to Gerovich, approximately 100 institutional investors participated in roadshows held prior to the IPO. Ultimately, over 70 investors participated in Metaplanet’s capital raising. Previously disclosed information indicated that the company had raised approximately $1.4 billion through the IPO. This funding will accelerate Metaplanet’s growth plans and, in particular, allow the company to increase its balance sheet Bitcoin holdings. Gerovich emphasized that this step will propel Metaplanet to its next stage of development and strengthen the company’s global Bitcoin strategy. Metaplanet has recently become one of the leading companies in Japan in promoting digital asset adoption. The company has previously stated that it views Bitcoin as a long-term store of value. This large-scale IPO is considered a significant step in not only strengthening Metaplanet’s capital but also consolidating Japan’s role in the global crypto finance market. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/japan-based-bitcoin-treasury-company-metaplanet-completes-1-4-billion-ipo-will-it-buy-bitcoin-here-are-the-details/

The post Ripple (XRP) Could Lead Recovery Rally as Smart Money Targets This Top Cryptocurrency Whose Presale Phase 6 Is Nearing Completion appeared on BitcoinEthereumNews.com. XRP is seen entering December with the interest of traders looking for the best cryptocurrency investment as the token holds on to the critical support at the levels of $2. The token is seen having a 14th day streak of ETF fund flow, and with reduced US inflation rates, this is a hint at a possible Santa rally. However, as traders begin contemplating what is the best crypto to buy now for both resilience and potential, they find that they’re not alone in turning to Mutuum Finance (MUTM). The presale for this DeFi platform has been moving at such a rapid rate that it has managed to find itself at the top of the list for the best cryptos to buy now as the year comes to a close. XRP Increases on Accumulation Signal from ETF Demand XRP has been dealing with a volatile phase, trending down towards the $2 battleground range as a result of profit-taking amid repeated rejections at the $2.2 levels. Despite this pullback phenomenon, XRP still retains a bullish bias owing to consistent ETF investment. It should be noted that the US XRP-spot ETF market marked its fourteenth consecutive day with investment on December 4 with more than $12 million investment, thereby propelling the figures close to 887 million dollars. Analysts, however, tracking the medium-term trend, are anticipating a corrective movement to $2.35 within the coming weeks and possibly 3 dollars within the next two months if the current support at $2 is maintained. XRP is once again included within the debate on what crypto to invest in prior to the end of the year, while DeFi tokens seem to slowly take root. Mutuum Finance (MUTM) Presale Nears Phase 6 Completion The momentum for Mutuum Finance (MUTM) has accelerated with 98% completion for Phase 6 presale…