CoinPhoton (coinphoton)

CoinPhoton

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Japanese investment firm Metaplanet has acquired an additional 1,241 BTC worth $126.7 million, bringing its total holdings to 6,796 BTC — surpassing El Salvador's 6,174 BTC. Since launching its Bitcoin accumulation strategy in April 2024, Metaplanet aims to reach 10,000 BTC by the end of 2025. The company funds these purchases through a series of bond issuances. It is now the largest public Bitcoin holder in Asia and ranks 11th globally, with holdings valued at approximately $706.7 million.

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President Donald Trump confirmed a private gala dinner on May 22 at Trump National Golf Club in Washington for the top 220 TRUMP token holders. The top 25 wallets will receive VIP access, photo ops with Trump, and a guided tour. All attendees will receive a commemorative NFT on Solana. The event follows insider transactions worth millions, pushing TRUMP’s price up 53% in one day to a peak of $16.03. Trading volume surged 200%, temporarily outpacing all other memecoins.

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ZachXBT revealed that around $7 million of the $330 million in stolen Bitcoin from an elderly U.S. investor has been frozen with Binance’s help. The victim was deceived via a social engineering attack, leading to the withdrawal of 3,520 BTC, which was quickly laundered through exchanges and converted to Monero. Two suspects were identified, including a Somalian running a scam ring in the UK. The case highlights the vulnerability of early crypto adopters lacking updated security measures.

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Top casts

Ethereum (ETH) may currently be undervalued, according to well-known analyst Ali Martinez. On X, he noted that ETH’s Entity-Adjusted Dormancy Flow just dropped below 1 million — a level that historically signals a macro bottom. This suggests ETH is in an attractive buying zone, long-term holders are not selling, and market capitulation may have occurred. Martinez also highlighted that market sentiment is low, while “smart money” may be quietly accumulating. In addition, Martinez revealed that 453,000 ETH have been withdrawn from crypto exchanges over the past five days — a strong bullish signal indicating large investors are accumulating and selling pressure is declining.

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OM, the native cryptocurrency of the Mantra tokenized asset blockchain, has dropped over 90% within 24 hours, falling from $6.3 to below $0.50, wiping out its market cap from $6 billion. Some traders suspect this could be the biggest rug pull since LUNA/FTX. However, the exact cause remains unclear. Co-founder JP Mullin denied the allegations, stating the team's tokens are still under management. Mantra claims the price crash was caused by reckless liquidations, not team actions.

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Waylon Wilcox, a resident of Pennsylvania, pleaded guilty to evading taxes of nearly $3.3 million by failing to report over $13 million in profits from selling 97 CryptoPunk NFTs in 2021 and 2022. This marks the first major tax evasion case in the U.S. related to NFT transactions. Wilcox faces up to 6 years in prison. Meanwhile, CryptoPunks remains the largest NFT collection in the market despite a decrease in trading volume. Yuga Labs, the owner of CryptoPunks, has committed to not intervening further in the project.

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