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**[Bitplanet Completes $50 Million Acquisition and Secures $10 Million in Additional Funding, Aiming to Rank Among the Top 10 Global Bitcoin Holders]** South Korea's first institutionalized Bitcoin vault company, Bitplanet, announced the completion of a $50 million acquisition of a 62% stake in SGA Co., Ltd., along with a management transition and brand revamp. The transaction was led by Sora Ventures, Parafi Capital, and KCGI, with additional investment support of $10 million from UTXO Management and Kingsway Capital. Bitplanet stated that it aims to become one of the top 10 enterprise-level Bitcoin holders globally and to position South Korea as a key hub in the international Bitcoin ecosystem.
[Hong Kong Plans to Optimize Crypto Asset Capital Regulations to Help Banks Accept Compliant Stablecoins] Golden Finance reports that on September 8, 2025, the Hong Kong Monetary Authority (HKMA) issued a consultation draft of a new module, CRP-1 "Crypto Asset Classification," under the "Supervisory Policy Manual" (SPM) to the local banking industry. This draft aims to implement the Basel Committee on Banking Supervision's new crypto asset capital regulations, which are set to take effect in early 2026. The draft regulatory guidelines specify that stablecoins licensed by the HKMA under the "Stablecoin Ordinance" will be classified as a lower-risk crypto asset category. These stablecoins will be subject to significantly lower capital requirements compared to the existing classifications under the "Banking (Capital) Rules." Industry insiders have noted that the HKMA's timely issuance of these guidelines clarifies that banks holding compliant stablecoins are likely to benefit from reduced capital requirements. This move creates favorable conditions for the use and circulation of compliant stablecoins within Hong Kong's banking system.
BBX News: On September 11, 2025, global listed companies set a new daily high in cryptocurrency asset allocation yesterday BTC leads the way Metaplanet (TSE: 3350) raised $1.384 billion, of which $1.246 billion was used to purchase Bitcoin; H100 Group (NGM: H100) increased its holdings of 21 BTC, bringing its total holdings to 1025 BTC; Pop Culture (NASDAQ: CPOP) has completed a $33 million BTC investment; Asset Entities (NASDAQ: ASST) shareholders have approved a merger with Strike Enterprises to raise $1.5 billion to acquire Bitcoin. The new company will be renamed as Strike, Inc. and will continue to trade under the ASST code. Alternative Asset Breakthrough CEA Industries (NASDAQ: BNCE) has added 30000 BNBs (approximately $26 million), CleanCore Solutions (NYSE: ZONE) has purchased 285.4 million DOGEs (approximately $68 million) and plans to increase to 1 billion within 30 days. Infrastructure expansion SOL Strategies (NASDAQ: STKE) is officially listed on NASDAQ as SOL Treasury Company; Trump Media (NASDAQ: DJT) has partnered with Crypto.com and Yorkville SPAC to establish Trump Media Group CRO Strategy, Inc., focusing on building a CRO digital asset treasury. In the future, it will be publicly traded on NASDAQ under the MCGA code. Yesterday, institutions disclosed investment and financing plans totaling over 3 billion US dollars, with a record breaking size of Bitcoin treasury. Assets such as BNB, DOGE, CRO, etc. entered the reserve map of listed companies for the first time on a large scale. Source: bbx.com
[Strategy Shareholders Withdraw Board Lawsuit Over Impact of Cryptocurrency Accounting Standards] BlockBeats News, September 11, according to Bloomberg, shareholders of Strategy Inc. have agreed to end a lawsuit that accused the company's management of downplaying the anticipated impact of changes to cryptocurrency accounting standards in its self-proclaimed 'Bitcoin treasury' business. The shareholders voluntarily dismissed the shareholder derivative lawsuit against current and former board members and executives but retained the right to refile the case. Judge Anthony J. Trenga of the U.S. District Court for the Eastern District of Virginia has signed a joint agreement between the shareholders and some former leaders of MicroStrategy Inc., officially dismissing the case on Wednesday.
[Candidate for U.S. CFTC Chair Brian Quintenz Publicly Shares Texts with Gemini Co-Founder, Suggesting Possible Interference in Nomination Process] BlockBeats News, September 11, according to Cointelegraph, Brian Quintenz, the candidate nominated by U.S. President Trump for the Commodity Futures Trading Commission (CFTC) Chair, recently disclosed text message records with Gemini co-founders, the Winklevoss brothers, hinting that the brothers may have attempted to interfere with his nomination process. Quintenz stated that he made these texts public out of concern that Trump "might be misled." The messages reveal that the Winklevoss brothers had pressured Quintenz regarding Gemini's civil case with the CFTC, seeking his commitment, which Quintenz refused. Quintenz further claimed that the brothers subsequently contacted the White House, requesting a halt to his confirmation process. The U.S. Senate Agriculture Committee had originally planned to question Quintenz in July, but the hearing was postponed at the White House's request. The disclosure of these texts comes less than 48 hours before Gemini's anticipated initial public offering (IPO) this Friday.
OKX - AVAX is currently priced at $29.08, with a 24-hour increase of 11.85%. 24-hour transaction volume of 3 billion US dollars, up 78.84%, for reference only