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Bitcoin News in Philippines

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Marathon Digital Moves Millions in Bitcoin Again

Marathon Digital Moves Millions in Bitcoin Again

The post Marathon Digital Moves Millions in Bitcoin Again appeared on BitcoinEthereumNews.com. Marathon Digital Holdings, one of the leading Bitcoin mining firms, has sent another 644 BTC to major exchanges, continuing its string of transfers in November. The move comes amid mounting pressure on mining firms, with the hashprice index dropping to a record low. Sponsored Marathon Digital Continues Bitcoin Transfers in November According to blockchain analytics firm Lookonchain, the company transferred 644 BTC, valued at approximately $58.7 million, in several separate transactions to FalconX and Coinbase Prime. The activity reflects a broader trend, as the firm continues to shift assets. For instance, just three days ago, Marathon Digital sent more than 150 BTC to Coinbase Prime. Earlier this month, it moved a total of 2,348 BTC worth over $215 million at current market prices to FalconX, TwoPrime, Galaxy Digital, and Coinbase Prime. Marathon Digital Holdings’s Bitcoin Outflows. Source: Arkham These transfers do not, by themselves, confirm whether the firm is preparing to sell, adjust its treasury operations, or pursue other strategic uses of the assets. The purpose of such movements can vary depending on the company’s operational needs and market positioning. The timing aligns with worsening mining economics. Hashrate Index data showed that the Bitcoin Hashprice Index has been declining since July. Sponsored According to the latest figures, it has dropped to an all-time low of $38. This metric gauges expected daily earnings per unit of mining power. The block reward is currently 3.15 BTC. The firm’s Q3 financial report adds further context. The company reported $252 million in revenue, representing a 92% year-over-year increase. However, the makeup of that growth is drawing attention. “This growth is primarily attributed to the change in the fair value of digital assets, particularly Bitcoin, which accounts for $113 million. They are now mining less Bitcoin than a year ago, down to 22.5 BTC/day from…
Bitcoin Drops Below $90K as DeepSnitch AI Raises $560K

Bitcoin Drops Below $90K as DeepSnitch AI Raises $560K

The post Bitcoin Drops Below $90K as DeepSnitch AI Raises $560K appeared on BitcoinEthereumNews.com. Crypto Presales Bitcoin falls under $90K again, flashing bearish signals and fueling trader uncertainty. Meanwhile, DeepSnitch AI raises $560K, confirming its best crypto presale status. Bitcoin dropped below $90K for the second consecutive day on November 19. Despite a swift correction back to $92K, BTC fired multiple bearish signals, which may indicate a more substantial crash. Yet, some analysts also believe that the stability of Bitcoin derivatives could lead to a bullish reversal. As major digital assets demonstrate short-term weaknesses, traders started rotating into presales. As a result, DeepSnitch AI raised  $560K while the rest of the market struggled. Due to robust fundamentals that may provide the project with a massive 100x upside, many investors are confident about DeepSnitch AI being the best crypto presale in the ongoing cycle. Is BTC going up or down in the short term? According to CoinMarketCap, Bitcoin dropped to $88K on November 19, followed by a swift recovery back to $92K. Additionally, Bitcoin’s SuperTrend indicator turned bearish after flashing a sell signal. Historically, this marked the beginning of a bear market in both 2018 and 2022. If this cycle confirms historic patterns, traders believe there is a possibility of a breakdown toward as low as $75K. However, Bitcoin derivatives remained stable, with monthly futures premiums staying above 4%. Analysts believe such performance indicates traders are cautious but aren’t fully convinced about a bearish scenario just yet. Due to this level of uncertainty, traders are instead looking for the best crypto presale that could provide them with more stability and possibly a chance at explosive gains. Upcoming crypto presales 2026 1. DeepSnitch AI: Trader-centric AI prediction suite with 100x potential Presales get a bad rep due to their slant toward generating hype. However, DeepSnitch AI is switching it up by focusing purely on its AI…
Metaplanet to Issue $150 Million Preferred Shares

Metaplanet to Issue $150 Million Preferred Shares

The post Metaplanet to Issue $150 Million Preferred Shares appeared on BitcoinEthereumNews.com. Key Points: Metaplanet’s $150M share issuance targets Bitcoin acquisition. Japan shows rising interest in BTC-backed financial products. Historical precedents are influencing corporate strategies globally. Metaplanet, a Japanese listed firm, announced a $150 million issuance of Class B perpetual preferred shares, “MERCURY,” with a 4.9% annual dividend to fund Bitcoin acquisitions. This strategic move bolsters Metaplanet’s Bitcoin holdings amid prevailing market interest, potentially influencing corporate treasury practices and fixed income markets in Japan. Metaplanet’s $150M Share Issuance for Bitcoin Expansion Metaplanet, a Japanese listed company, announced on November 20 its decision to issue $150 million in Class B perpetual preferred shares, labeled “MERCURY,” with proceeds allocated to Bitcoin acquisition. The share issuance aims to bolster Metaplanet’s Bitcoin reserves, signaling a strategic commitment to digital assets. The company’s expansion plan mirrors similar strategies employed by firms seeking to strengthen corporate treasuries through preferred equity. Metaplanet plans to issue $150 million in Class B perpetual preferred shares, “MERCURY.” These shares offer a fixed annual dividend of 4.9% and a conversion price of 1,000 yen. Simon Gerovich, Metaplanet’s President, emphasized these measures safeguard shareholder value against potential market volatility. Gerovich stated, “Metaplanet shareholders have approved all 3 resolutions at today’s EGM: Increase in total authorized shares, virtual shareholder meetings, and new provisions for perpetual preferred shares.” This move reflects a growing trend of utilizing digital currency reserves over traditional financial instruments. Metaplanet now seeks to expand its treasury to over 210,000 BTC by 2027, with the Class B issuance being a significant step in this direction. This also showcases Japan’s increasing interest in digital financial products. Japan’s Rising Interest in BTC-Backed Financial Products Did you know? MicroStrategy’s similar strategy amassed over 500,000 BTC through equity and debt, setting a precedent in corporate Bitcoin acquisition. As of November 20, 2025, Bitcoin is priced at $91,605.71,…
BANK Leads With a 97% Rally

BANK Leads With a 97% Rally

The post BANK Leads With a 97% Rally appeared on BitcoinEthereumNews.com. Last week, the crypto market displayed a clear divergence between overall macro sentiment and sector-specific rotation. While BTC traded sideways, locked in a stalemate between bulls and bears around a key range, investors actively focused on structural opportunities within the Bitcoin ecosystem, Solana DEXs, and the L1/L2 scaling sectors. HTX data from November 10 to 17 show that high-quality assets across multiple sectors performed exceptionally, highlighted by BANK’s remarkable 97% surge in a single week. Bitcoin Ecosystem: BANK Leads With a 97% Weekly Gain The Bitcoin ecosystem was clearly in the spotlight this week. Momentum in the sector continued to build in the fourth quarter, driven both by the strengthening BTC Layer 2 narrative and active support for ecosystem assets from major centralized exchanges (CEXs). BANK’s exceptional performance also reflects the market’s strong conviction in the “next major breakout within the Bitcoin sector.” ● BANK (Lorenzo Protocol): A modular Bitcoin L2 infrastructure built on Babylon. First launched on HTX in May, BANK surged 97% this week, fueled by community enthusiasm and an upgraded ecosystem narrative, securing its position as the top gainer of the week. L1/L2 Sector: SOON and STRK Rise as Funds Return The L1 public chain and Layer 2 sectors regained investor attention this week, leading to a general uptick in trading activity. Investor sentiment shifted toward “high-growth narratives and high-elasticity assets”. Compared to volatile meme coins or one-off spike tokens, the L1/L2 sectors showed a clear move toward a more sustainable growth trajectory. ● SOON: Up 80% for the week. Progress in ecosystem rollout and performance enhancements fueled renewed short-term interest, making SOON the top L1 performer of the week. ● STRK (StarkNet): Gained 50% this week and stands out as the most representative growth asset in the L2 sector.  DEX Sector: Solana Remains in Focus, PerpDEXs…