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JAPANESE CRYPTO EXCHANGE HOPS ON NASDAQ Coincheck, Japan's #2 crypto exchange, is about to hit Nasdaq this week through a de-SPAC merger, locking in a $1.3B market cap. This move is all about scaling: tapping global markets, snagging talent, and fueling acquisitions. They’ve been pushing since 2022 to make this listing happen, despite delays from stricter SPAC rules. Back in 2018, they ate a $530M hack and bounced back strong. Now? They’re playing in the big leagues under Monex Group.
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Marathon Bags $1.1B in Bitcoin - Is This The New Corporate Race? Marathon Digital just dropped $1.1B on 11,774 Bitcoin, using funds from a convertible notes play. Their stash now totals 40,435 $BTC , valued at $3.9B, proving they’re all in on the HODL game. Joining MicroStrategy and Riot Platforms in leading the charge in corporate BTC hoarding, the question is only how far they'll go.
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Ripple vs. SEC: Will the Appeal Get Rugged? Could Paul Atkins replacement of Gensler as head of SEC be the break Ripple’s been waiting for in their legal war since 2020? The SEC’s clash with Ripple centers on $700M from institutional sales called unregistered securities. Judge Torres called it a split decision, clearing Ripple’s programmatic sales while standing by the previous ruling re institutional sales. If Atkins scraps the appeal, the Second Circuit won’t weigh in. Could this mean fewer power moves against crypto in the future? Time will tell. Source: Coinpedia
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$BTC is back above $98,000
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MARKET CARNAGE LEAVES MEMECOINS WRECKED Bitcoin dipped below $95K again, triggering chaos across the market. Memecoins took a brutal hit - DOGE crashed 12% to under $0.40, $SHIB dropped 15%, and $FLOKI and $BONK nosedived over 16%. Ethereum slid 6%, while over $700M in liquidations wiped out over-leveraged plays, with meme tokens leading the fallout. It’s all volatility vibes here, and the memecoin hype? Feeling the heat. Market’s shaky - watch for the ripples. Source: Mario Nawfal
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