SoSo Daily Jun 16 | Metaplanet Holds Over 10 Thousand Bitcoins, Surpassing Coinbase Global

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is AltLayer. As of 12:00 today, its market cap is 141.77M, with a coin price of 0.040340 USD, witnessing a 24-hour increase of 62.1%.
The second is Network3. As of 12:00 today, its coin price is 0.00023960 USD, with a 24-hour increase of 56%.
The third is TIME. As of 12:00 today, its coin price is 0.00000059362 USD, showing a 24-hour increase of 41.2%.
In fourth place is Magic. As of 12:00 today, its coin price is 0.15900 USD, with a 24-hour rise of 38.4%.
In fifth place is Keeta. As of 12:00 today, its coin price is 1.0735 USD, increasing by 35.5% over the last 24 hours.


Moving on, let's take a look at the sector performance in crypto market.
Acccording to sosovalue, out of 16 sectors, 16 are up and 0 are down. Notably, RWA, DeFi, and $ETH sectors are worth mentioning.
RWA sector has risen 5.79% relative to the UTC 0 time, led by gains in KTA (35.6%), cpool (11%), and lumia (7.69%).
DeFi sector has increased 4.41% relative to UTC 0, with ALT (63.7%), sudo (23.7%), and mnde (22.4%) leading the rise.
$ETH sector has risen 3.99%, with $eth (3.99%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Metaplanet, a Japanese investment firm, recently acquired 1,112 $BTC for $117.2 million, raising its total Bitcoin holdings to 10,000 $BTC and surpassing Coinbase Global's 9,267 BTC. The company plans to allocate funds from an $210 million bond issuance toward Bitcoin purchases. Metaplanet's stock surged over 17% following the announcement, with a 408% increase since early 2024. The firm aims to hold over 210,000 $BTC by 2027, representing 1% of total Bitcoin supply, supported by a $5.4 billion equity offering to buy more Bitcoin. Meanwhile, Michael Saylor's Strategy leads globally with 582,000 $BTC holdings.
Next news:

Odaily Planet Daily reports that Hong Kong-listed company MemeStrategy (HK2440) announced it has purchased 2,440 Solana (SOL) tokens on the open market, with a transaction amount of approximately HKD 2.91 million, funded from the company's internal resources. The company stated in the announcement that Solana holds key values in decentralized applications, DeFi infrastructure, and Web3 innovation.

Following the announcement, MemeStrategy's stock price rose by about 21%, currently trading at HKD 2.42 per share. Recently, MemeStrategy officially changed its name, with the English name set as "MemeStrategy", while the stock code remains unchanged, indicating its strategic focus is gradually shifting towards the crypto and Web3 sectors.

Previously, it was reported that 9GAG co-founder announced the completion of the acquisition of Hong Kong-listed company Haojing Technology Holdings, intending to rename it as MemeStrategy and allocate Bitcoin assets.

Next news:

According to data from SoSoValue, during last week’s trading days (June 9 to June 13, ET), Ethereum spot ETFs recorded a total weekly net inflow of $528 million, with none of the nine ETFs experiencing outflows.

The ETF with the highest weekly net inflow was BlackRock’s ETHA, which brought in $381 million. ETHA’s cumulative net inflow has now reached $5.24 billion.
Fidelity’s ETF FETH followed with a weekly net inflow of $78.49 million, bringing its total historical net inflow to $1.59 billion.

As of the time of writing, the total net asset value (NAV) of Ethereum spot ETFs stands at $10.03 billion, representing 3.26% of Ethereum’s total market capitalization. The cumulative net inflow has reached $3.85 billion.

Next news:According to ChainCatcher, as reported by Cointelegraph, Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), met with Pakistan's Finance Minister Muhammad Aurangzeb and Blockchain Minister Bilal Bin Saqib to discuss how Bitcoin can function as a national reserve asset. Saylor expressed his willingness to serve as an advisor for Pakistan's cryptocurrency program. Pakistan has recently shifted towards supporting cryptocurrencies, establishing a cryptocurrency regulatory body last month and planning to create a Bitcoin reserve. Minister Saqib stated that Pakistan should follow Saylor's example of transforming Strategy into a Bitcoin acquisition vehicle. The Pakistan Crypto Commission submitted a legal framework draft on June 6, with the Finance Ministry agreeing to expedite the approval process. The Pakistan government aims to lead the Global South in digital asset development and adoption.
Next news:According to ChainCatcher, based on the announcement from Metaplanet, the company's board of directors has resolved to issue the 18th series of ordinary bonds to EVO FUND, amounting to 210 million USD with an interest rate of 0%. All the funds will be used to purchase Bitcoin. The bonds will mature on December 12, 2025, and early redemption is also permitted.
Next news:According to ChainCatcher, based on on-chain data analyst Yu Jin's monitoring, trader AguilaTrades completed an increase in long positions early this morning. The current position is valued at 261 million USD, with 20x leverage long on 2,474 BTC. The opening price was 105,084 USD, the liquidation price is 99,849 USD, and the unrealized profit is 1.28 million USD.
Next news:According to ChainCatcher and reported by Cointelegraph, former TON Foundation executive Justin Hyun officially launched the Telegram-integrated crypto investment app Affluent on June 16. The protocol is developed based on the TON blockchain, featuring a simplified yield solution that combines traditional finance with DeFi. Users can participate in automated Strategy Vaults through one-click deposits, where funds are intelligently allocated across different lending markets to optimize returns. Affluent co-founder Hyung Lee stated that their solution integrates traditional financial risk control with blockchain modular architecture. The app includes an expert-custodied vault system, with backend automated asset allocation strategies, while the frontend retains a simple Telegram interaction interface. The platform has not yet disclosed specific details regarding its risk management mechanisms.
Next news:Binance announced that it will launch the Spark (SPK) token for the first time on June 17, and at that time, an airdrop event will be initiated, allowing users to participate and obtain the token.
Next news:ChainCatcher news: Binance Alpha announced that it will list Spark (SPK). SPK trading will start on June 17, with the specific time to be announced later. Eligible users can use Binance Alpha points to claim the SPK airdrop on the Alpha event page launching on June 17. The event rules will also be announced simultaneously.
Next news:Odaily Planet Daily News: Velo Protocol (VELO) is now live on Binance Alpha. Eligible users holding at least 242 Alpha points can claim an airdrop of 5,000 VELO tokens starting from 15:00 (UTC+8) on June 16, 2025, via the Alpha event page.

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.