Metaplanet pumps up Bitcoin holdings with additional 1,234 BTC

Eric Trump, the second son of U.S. President Donald Trump, is set to attend a Metaplanet shareholder meeting in Tokyo on Monday as part of expanding the Trump family’s crypto businesses internationally. His visit to Japan follows his attendance at the Bitcoin Asia conference in Hong Kong last week. In March, Japan’s largest Bitcoin treasury firm Metaplanet, appointed Eric Trump as its advisor. The company, which boasts holdings exceeding $2 billion in Bitcoin, said at the time, his appointment would foster Metaplanet’s “Bitcoin adoption.” Metaplanet currently holds 18,991 Bitcoin, valued at $2.04 billion. Metaplanet, previously a hotel operator, has announced plans to raise 180.3 billion yen ($1.2 billion) through an overseas share issuance, with $837 million earmarked for fresh BTC purchases. Besides, American Bitcoin, co-founded by Eric Trump and his brother Donald Trump Jr, is keen on listing on Nasdaq soon. The company is finalizing a merger with Gryphon Digital Mining. Trump brothers, together with Hut 8, will hold a combined 98% of the entity, post-merger. Asher Genoot, CEO of American Bitcoin, confirmed Eric Trump’s attendance at the Metaplanet meeting, as reported by Bloomberg earlier. Metaplanet Shareholders Due to Vote on Fund-Raising Proposal Amid Eric Trump Visit Eric Trump’s Monday meeting will involve a vote by Metaplanet shareholders on a capital-raising proposal, per a Reuters report. The plan would sell 550 million new shares overseas, raising 130.3 billion yen ($884.41 million), primarily for Bitcoin purchases. Metaplanet, formerly known as Red Planet Japan, has seen its shares skyrocket by nearly 760% in the past year. Metaplanet Stock Sinks – Fundraising Crisis Ahead? The shares of the Japanese aggressive Bitcoin accumulation firm tumbles, threatening the Metaplanet’s capital raising model. The shares have fallen 2.62% on Monday per Yahoo Finance data, putting its fundraising proposal under stress. In an interview with Bloomberg, Metaplanet CEO Simon Gerovich called the preferred shares a “defensive mechanism,” that would allow capital infusion without diluting common shareholders if the stock tumbles further. Metaplanet is aiming for a stash of 100,000 BTC by the end of 2026, and 210,000 BTC by 2027. In other words, it wants to multiply its current holdings by more than 11

Open Interest soared while USDT outflows deepened, raising the question if Bitcoin faces a contrarian rebound.

BitcoinWorld Singapore Payments License: QCP Trading Unlocks Pivotal Growth In a truly significant development for the evolving digital asset landscape, QCP Trading, the dedicated over-the-counter (OTC) spot digital payment token (DPT) trading division of the well-regarded crypto firm QCP Capital, has announced a landmark achievement. The company recently secured a highly coveted Singapore payments license from the Monetary Authority of Singapore (MAS). This pivotal milestone not only solidifies QCP Trading’s operational framework but also highlights Singapore’s strategic positioning as a leading, regulated hub for cryptocurrency operations globally. What Does a Singapore Payments License Mean for Crypto Firms? Obtaining a Major Payment Institution (MPI) license from the MAS is far more than just a permit; it represents a rigorous endorsement of a firm’s operational integrity and commitment to regulatory compliance. For any cryptocurrency entity, this license grants the legal authority to offer crucial digital payment token services, including the buying and selling of DPTs, to both individual and institutional clients within Singapore’s stringent regulatory perimeter. It serves as a powerful stamp of approval, assuring stakeholders of a firm’s adherence to robust financial and security standards. This comprehensive licensing framework ensures that regulated entities maintain high standards across various operational facets. It covers: Enhanced Trust and Credibility: Clients gain immense confidence when engaging with a firm that operates under a recognized and respected regulatory framework. This trust is paramount in the often-volatile crypto space. Expanded Market Access: The license opens doors to a significantly broader client base, particularly attracting traditional financial institutions and high-net-worth individuals who typically demand regulated partners for their digital asset activities. Robust Operational Security: License holders are mandated to implement stringent risk management frameworks, state-of-the-art cybersecurity protocols, and comprehensive anti-money laundering (AML) and counter-financing of terrorism (CFT) measures. This protects both the firm and its clients. Why is this a Game-Changer for QCP Trading? For QCP Trading, securing the Singapore payments license is nothing short of transformative. As a significant participant in the OTC spot DPT trading arena, this regulatory approval elevates their operational legitimacy and empowers them to significantly expand their range of services. It marks a crucial transition from operating in a largely unregulated or less defined environment to a fully structured and supervised one, which is absolutely vital for attracting sophisticated investors and managing large-volume trades. This prestigious license firmly establishes QCP Trading as a trusted and reliable entity, fully capable of executing substantial transactions while consistently adhering to global best practices. Furthermore, it provides a clear and stable regulatory framework within which they can innovate, potentially leading to the development of new and exciting products and services that cater to the evolving and increasingly complex demands of the global crypto market. This regulatory clarity is a major competitive advantage. How Does Singapore Attract Leading Crypto Firms with its Payments License? Singapore has meticulously cultivated its reputation as a visionary and progressive financial hub, and its approach to regulating digital assets is a prime example of this foresight. The MAS has strategically adopted a balanced yet incredibly robust regulatory framework, expertly designed to foster genuine innovation while effectively mitigating systemic risks. This clarity, coupled with a proactive regulatory stance, makes the Singapore payments license exceptionally desirable for crypto firms worldwide seeking a stable, reputable, and forward-looking base of operations. The comprehensive regulatory environment here provides a distinct competitive edge, successfully attracting top-tier global crypto players who prioritize certainty and a level playing field. This approach not only encourages responsible growth and development within the industry but also helps to identify and deter less scrupulous operators, thereby cultivating a healthier, more secure, and more sustainable ecosystem for all market participants. It’s a win-win for both innovation and protection. The benefits extend beyond just the licensed entity: Increased Investor Confidence: Knowing a firm holds a Singapore payments license assures investors of its legitimacy, transparency, and unwavering adherence to strict financial and ethical standards. Bridging Traditional and Digital Finance: This regulatory approval plays a crucial role in bridging the gap between traditional financial services and the burgeoning crypto sector, significantly facilitating institutional adoption and mainstream integration. Global Recognition and Reputation: A license from the MAS carries substantial weight and recognition on an international scale, dramatically boosting QCP Trading’s global reputation and market standing. QCP Trading’s remarkable achievement in securing the Singapore payments license from the MAS marks a truly significant chapter for both the company and the broader cryptocurrency industry within Singapore. It powerfully underscores the ongoing maturation of the digital asset space and highlights the increasing, undeniable importance of stringent regulatory compliance in fostering sustainable growth. As more responsible firms follow suit, Singapore is unequivocally set to further solidify its already strong reputation as a leading, globally recognized, and highly regulated hub for digital payment tokens, thereby paving the way for even greater innovation, widespread adoption, and long-term stability in the years ahead. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. Frequently Asked Questions (FAQs) Q1: What is a Major Payment Institution (MPI) license? A1: An MPI license is issued by the Monetary Authority of Singapore (MAS) under the Payment Services Act. It allows firms to conduct various payment services, including dealing in and facilitating the exchange of digital payment tokens (DPTs), subject to specific thresholds and regulatory requirements. Q2: Why is obtaining this Singapore payments license important for QCP Trading? A2: For QCP Trading, this license provides legal and regulatory clarity, allowing them to operate officially within Singapore. It enhances their credibility, attracts institutional clients, and enables them to expand their services under a trusted and secure framework, fostering greater investor confidence. Q3: How does Singapore’s regulatory approach benefit the crypto industry? A3: Singapore’s balanced and proactive regulatory framework, particularly through licenses like the Singapore payments license, aims to foster innovation while ensuring robust risk management. This approach attracts reputable crypto firms, promotes responsible growth, and builds a more secure and transparent ecosystem for digital assets. Q4: Will this license affect QCP Trading’s services outside Singapore? A4: The MPI license specifically regulates QCP Trading’s operations within Singapore. While it significantly boosts their global reputation and credibility, their services in other jurisdictions would typically be subject to the local regulations of those respective countries. Q5: What are the key benefits for clients dealing with a MAS-licensed crypto firm? A5: Clients benefit from enhanced trust, greater transparency, and stronger consumer protection. MAS-licensed firms adhere to strict standards for financial stability, cybersecurity, anti-money laundering (AML), and dispute resolution, offering a more secure trading environment. Found this insight into QCP Trading’s regulatory success valuable? Share this article with your network on social media to spread awareness about the evolving landscape of crypto regulation and its impact on digital asset trading! This post Singapore Payments License: QCP Trading Unlocks Pivotal Growth first appeared on BitcoinWorld and is written by Editorial Team