Afternoon DD amigos!
Crypto markets have started looking up after a tumultuous week. And, as things begin to look greener and less bothersome, we bring carefully curated crypto stories to you to make you feel good about your portfolio and your decision to jump into the crypto space in the first place.
Here’s what we have for you in this issue:
- Metaplanet’s shopping list: 210k BTC.
- Don vs Elon: BTC stuck in the middle
- Circle’s starry entry into Wall Street
- 1inch’s sprint to the top
Metaplanet: Take $5.3B, Give Me 210K BTC
You’ve been hearing the name Metaplanet for quite some time now. Well, we’ve been talking about it for a few weeks. Some of you may know the company as the Japanese counterpart of Strategy, the American IT company turned Bitcoin treasury firm. Recently, Metaplanet went into full “Strategy mode” with their decision to acquire 210,000 Bitcoins by 2027.
Source: @mashable
Now, when a public company publicly pledges to buy 1% of the entire Bitcoin supply, and slaps a detailed $5.3 billion plan on the table to fulfill it, you know they are not joking.
Source: @Metaplanet_JP
Here’s the gist of it:
- New capital raise via Japan’s largest-ever warrant issuance (555M units)
- Target BTC stack: 210,000 by 2027
- Previous round (“21 Million Plan”) raised $600M and acquired 9,000 BTC
YTD stock performance: +275%
While Michael Saylor’s company pocketed a little over 580,000 bitcoins with their aggressive BTC buys over the recent past, Metaplanet became the first non-US company to make the biggest Bitcoin bet.
What does this signal?
- Companies are drifting away from holding cash on their balance sheets. Why? Inflation. Holding fiat money is a slow bleed — and they’re searching for assets that hold value across decades, not quarters.
- The ongoing corporate trend is to embrace the “Bitcoin solves this” narrative. Not as a mere trade, but as a digital reserve asset. One that doesn’t dilute. One that can’t be frozen. One with a terminal supply of 21 million.
And for a company like Metaplanet, based in Japan:
- Japan’s negative-rate environment? BTC solves that.
- Yen debasement risk? BTC hedges that.
With the swiftly swelling U.S. spot Bitcoin ETF inflows and institutional validation, holding BTC is no longer contrarian.
It’s quickly becoming
fiduciary logic.
Bitcoin addition on corporate balance sheets is rapidly becoming a movement. BTC didn’t need to do anything to be “institution-ready.”
However, institutions will now have to prove whether or not they are ready for Bitcoin.
Are they?
Bitcoin Bros “Fist Fight” Tanks Tesla🥊
What happens when two Bitcoin-supporting heavyweights lock horns? Especially with the markets dancing to their “Looney Tunes”?
Yes, we are talking about the meme-worthy feud that went down between President Donald Trump and Elon Musk.
What happened:
- Musk called Trump’s “Big Beautiful Bill” a “disgusting abomination.”
- Trump fired back, reportedly refusing to take Musk’s calls.
- Markets interpreted the chaos as a risk-off signal.
And the result?
- Tesla stock ($TSLA) tanked by 15%.
- Bitcoin briefly dipped 5% to near $100K.
- ETH: down nearly 10% to sub-$2,400.
- $1 billion+ in crypto longs wiped out.
- Even Trump’s memecoin, $TRUMP, sank 14% in 48 hours.
No, it wasn’t that significant an event to bring about turmoil in markets.
- Traders were already apprehensive ahead of the June 11 US CPI data.
- U.S. initial Jobless claims just hit an 8-month high.
- Long positions were way too overleveraged. Together with macro uncertainties, they formed the perfect fuel.
Data suggests that the vast majority of liquidations came from BTC and ETH longs. Traders were caught off guard and failed to “stop loss”.
Source: @coinglass_com
What is also worth noting is that liquidation data is highly understated. Much of the over-the-counter or off-exchange carnage isn’t captured in public dashboards.
Moral of the story: Leverage is a double-edged sword, even in bull markets.
And,
Crypto markets are not immune to political squabbles.
Hence, we recommend playing your leverage bets very, very carefully.
If you are not comfortable playing the derivatives game, spot trades can also offer amazing profit-taking opportunities. We are speaking from experience☺️
Circle’s IPO Gamble “Comes Full Circle”🤑
USDC stablecoin issuer, Circle, debuted on the New York Stock Exchange (NYSE), bagging another big win for crypto.
Source: @jerallaire
Right on the debut day, $CRCL (official ticker) prices soared 168%, making the Circle IPO the second biggest, only after Coinbase. At the time of writing, $CRCL is trading $107.7 per share.
In just two days, it has outperformed the debut performances of Web2 giants like Meta, Airbnb, and Robinhood.
What’s interesting and even more important is that Circle became the first stablecoin issuer to go public profitably.
They IPO’d at a lower valuation than their last private round… and doubled that in a day.
Circle raised $1.05B through the IPO, proving that the public markets are hungry for real crypto infrastructure.
Circle took their failed $9 billion SPAC attempt from 2022 as a stepping stone to come out better and bolder. It is important to note that USDC is the second-largest stablecoin ($61 billion market cap) in circulation, and this blockbuster IPO would now open the gates for other crypto firms eyeing public markets.
It also shows that crypto markets and companies are transitioning from being “speculated on” to being “trusted” by broader traditional markets.
And the GENIUS Stablecoin bill that’s about to be passed marks a new milestone in legitimacy for the stablecoin sector — a part of crypto often overlooked by retail, but closely watched by regulators and institutions.
Here’s what it signals:
- Regulatory clarity is improving.
- Wall Street is warming up to real revenue-generating crypto businesses.
- Stablecoins are evolving from backstage utilities to front-page assets.
And this is more than IPO headlines. It’s a promising beginning and a signal of confidence. How?
- Public investors are looking for regulated exposure to crypto without having to bet on tokens.
- Crypto-native firms see IPOs as a way to gain credibility, transparency, and long-term capital.
- This shift could drive new capital into the space, from pension funds, ETFs, and legacy finance.
Jeremy Allaire, Circle’s co-founder and CEO, said it best:
“This isn’t the finish line. It’s the starting line.”
1inch Inching Its Way To The Top📈
1inch landed a “1-inch punch” on its rivals, capturing 60% market share (up from 32%) in about 2 months.
The DEX aggregator space was already heating up from insane competition, but 1inch established dominance in the game in May, capturing $31.5 billion in volume (over 60% of total market share).
Source: @1inch
How did they do it?
- In late April, 1inch launched on Solana to ride the memecoin mania.
- The timing couldn’t have been better — 86% of new tokens are launching on Solana.
- May DEX aggregator volume hit an all-time high: $52 billion.
- 1inch took the lion’s share, leapfrogging every major competitor.
What about Paraswap, Kyber, CoW Swap, Curve?
All saw their slice of the pie shrink.
1inch’s comeback has sent out clear messages in the DEX space:
- Multi-chain is the way to go
- Memecoins are not “meme coins” but serious money-making tools.
- Users rush to products that can process transactions fast, like seriously fast.
1inch went where the degens were — and it paid off.
Now it’s up to the rest of the players to play catch-up.
If you are a DEX trader turning slick profits on your bets, great.
But if you are not initiated, we recommend you tread carefully. Pulling small wins on a small amount of capital is a good way to start.
Keep risks to a minimum and play to win the big game over the long term because crypto is here to stay.
Signing off here. See you in the next one👋
