Crypto World
Metaplanet Cuts Series 10 Stock Pool by 41%, Plans Hong Kong Subsidiary
Metaplanet CEO Simon Gerovich said the Japanese Bitcoin treasury company will further amend its Series 10 stock acquisition rights amid shareholder backlash over dilution concerns.
Metaplanet will reduce the number of potential shares underlying the rights by 131.3 million, from 319.464 million to 188.19 million, by resetting the conversion ratio from 1:696 to 1:410, the level before its September 2025 international share offering, Gerovich announced in a Friday X post.
Shares already delivered through prior exercises will not be returned or canceled. The reduction applies to the number available through future exercises.
The change will extinguish more than $220 million in warrant value and increase the company’s Bitcoin per fully diluted share by about 8.8%, according to Gerovich.
Metaplanet will withdraw its plans to transfer up to 90,000 rights to a long-term officer and employee incentive vehicle and develop a new compensation program with a leading global compensation consultant. Under the amended terms, all unvested rights will face additional exercise restrictions, with one-third becoming exercisable in each of 2029, 2030 and 2031.
The change follows shareholder criticism of the option pool’s expansion from 46 million shares to 319.5 million. Metaplanet said it fixed the pool at 319.5 million shares on Aug. 18, but some shareholders called on it to cancel the 273 million additional potential shares created by the expansion.
In a Friday X post, VanEck’s head of digital asset research, Matthew Sigel, called the adjustment a “meaningful concession” that better aligns management with shareholders.
On Aug. 31, Metaplanet disclosed that Gerovich exercised rights to acquire 92,000 shares under the Series 10 pool. Gerovich said he recused himself from the board’s deliberations and vote on the adjustment because he is a Series 10 holder.
On Aug. 18, the company acknowledged that expanding the pool “amplifies the dilution borne by existing shareholders.”
Related: Metaplanet buys 2,823 BTC, surpasses 43,000 in Bitcoin holdings
Metaplanet plans Hong Kong asset management subsidiary
Metaplanet also announced Friday plans to establish Metaplanet Asset Management Asia Limited in Hong Kong with $1 million in initial capital later in September.
The subsidiary will conduct trading in Bitcoin, equities and credit products during Asian market hours.
The new entity is part of Metaplanet’s “Project Nova,” which aims to build a Bitcoin-centered platform spanning asset management, securities, capital markets and other financial services.
In June, Metaplanet agreed to acquire Siiibo Securities in a 2.1 billion yen ($13.1 million) deal to form a securities arm.
Metaplanet stock price, 5-day chart. Source: Yahoo Finance
Metaplanet shares fell 3.8% on Friday, bringing their five-day decline to 15%, according to Yahoo Finance.
Magazine: Bitcoin adoption metrics say one thing, price action says another
Crypto World
India's richest state is exploring tokenizing its own assets to fund new infrastructure
Maharashtra is drafting a policy to tokenize the state’s assets, including the electricity transmission infrastructure.
Exelixis (EXEL) stock dropped out of a buy zone Friday after the Food and Drug Administration delayed the potential approval of its new colon cancer treatment by three months. The combination includes Exelixis’ zanzalintinib and Roche’s (RHHBY) Tecentriq. William Blair analyst Andy Hsieh says it’s unlikely the agency will outright reject the combo, which showed an overall survival benefit for…
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To prepare, Garfield began with the rhythms Ploughman would know. “It’s a man that lives in a very, very different time and in a very, very different rhythm to me,” he says. “Connection to the earth and connection to nature, that felt very, very important.” He researched the seasons, harvests, clothing, daily labor, and the habits of the ox. Before filming, he spent time in Ploughman’s hut with the animal, learning the terms of a household in which the ox slept indoors through winter to provide warmth. “Connection to his ox, that was the primary relationship in the story,” Garfield says. The animal is at once Ploughman’s companion, source of heat, and fellow laborer.
His wife and children are dead before the film begins, but Garfield imagined the life Ploughman lost so he could carry that grief across the film. He developed their history and their absence until they became, as he puts it, the “kind of invisible visible spirit characters that are there throughout the story.” Their absence helps explain why the character continues to seek justice, even after the uprising begins to lose its way. “They are the characters that are drawing him forward throughout the action of the film,” Garfield says.
India and Russia have begun working on a digital currency settlement mechanism for bilateral trade as their central banks examine how state-issued currencies could be used for cross-border payments.
Summary
- India and Russia are working on a mechanism that could use central bank digital currencies to settle bilateral trade payments.
- Sberbank CEO Herman Gref said the Bank of Russia and the Reserve Bank of India are working directly on the proposed digital currency system.
- Russia rolled out the digital ruble on Sept. 1, while India has been testing its e rupee since 2022 and examining cross border uses.
- The talks come as BRICS members discuss connecting national payment systems and using digital currencies for trade settlements.
- India and Russia recorded nearly $60 billion in bilateral trade in fiscal 2026 and are targeting $100 billion by the end of the decade.
Sberbank Chief Executive Officer Herman Gref said the Bank of Russia and the Reserve Bank of India are working on the mechanism, with Russia’s largest lender supporting the effort as the two countries look for new ways to settle their expanding trade.
“Now it’s only beginning, but we see huge opportunity for digital currency for all settlements between the countries,” Gref told reporters in New Delhi on Friday, where India is hosting the annual BRICS summit.
Gref said demand for digital currencies could grow as the technology becomes available for international settlements. Russia launched the national rollout of its digital ruble on Sept. 1, while India has been testing its own central bank digital currency since 2022.
“The Russian central bank and the central bank of India are working on this very precisely and we have tried to support them because we need this kind of instrument,” Gref said.
The Reserve Bank of India had not commented on Gref’s remarks at the time of the report.
India and Russia explore digital currency trade payments
Talks between the two central banks follow several years of work on using CBDCs for international payments. The RBI has previously examined both bilateral and multilateral arrangements that could allow the digital rupee to settle transactions across borders.
In May 2025, crypto.news previously reported that the RBI was exploring cross-border CBDC pilots with international partners as part of the next phase of the digital rupee program.
India launched its wholesale digital rupee pilot in November 2022 and followed with a retail pilot the next month. The RBI said in its 2024-25 annual report that it planned to test more functions and cross-border applications after gaining experience from the domestic pilots.
The value of the digital rupee in circulation had climbed from 234.04 crore rupees in fiscal 2024 to 1,016.46 crore rupees in fiscal 2025, while the central bank continued looking at practical uses for the CBDC.
Russia has moved further into nationwide deployment. Its digital ruble entered a wider rollout on Sept. 1, requiring systemically important banks to provide digital ruble services and large merchants to begin supporting payments.
Major Russian telecom companies including MTS, Rostelecom and MegaFon prepared to accept the CBDC from the same date. Large retailers with annual revenue above 120 million rubles came under the first stage of mandatory acceptance, with requirements scheduled to extend to more banks and merchants in later phases.
The digital ruble operates alongside cash and existing non-cash rubles. Users can access digital ruble wallets through participating banking applications connected to the Bank of Russia’s platform.
BRICS members discuss linking CBDC payment systems
The India-Russia discussions sit within a separate BRICS effort to connect national payment systems for trade and other cross-border transactions.
The Kremlin said on Thursday that digital currency settlements would be discussed with BRICS members and partner countries during the New Delhi summit. India has backed work on CBDC-based settlement during its BRICS chairmanship this year.
Prime Minister Narendra Modi favors the use of central bank digital currencies for bilateral trade and cross-border payments between members, without presenting the plan as an attempt to challenge the U.S. dollar.
Earlier this year, the RBI proposed linking BRICS CBDCs to support direct settlements between participating countries. The proposal included currencies such as India’s e-rupee and other CBDCs developed by BRICS economies.
Such a network would require participating central banks to establish common technical standards and settlement rules. The RBI had considered bilateral foreign exchange swap arrangements as one possible method for dealing with trade imbalances between countries using their national digital currencies.
Discussions around a BRICS digital payment network predate India’s 2026 chairmanship. Russia had previously pushed for an independent BRICS payment system using blockchain and digital currencies, while officials have considered ways to connect the payment infrastructure of member countries.
The work gained more attention after major Russian banks lost access to the SWIFT financial messaging network following Russia’s invasion of Ukraine in 2022. Moscow has since pursued several alternative channels for international payments as Western sanctions restricted access to parts of the traditional financial system.
Digital ruble rollout gives Russia a working CBDC rail
Russia’s Sept. 1 rollout has given the country a live domestic CBDC system while discussions with India continue.
The digital ruble became available through 12 systemically important banks during the first stage of the rollout. The Bank of Russia plans to expand participation in phases, eventually requiring the rest of the banking sector and more merchants to support the CBDC.
The launch came on the same day Russia’s regulated crypto market framework took effect, creating separate rules for cryptocurrency trading, custody and international settlements.
Under the crypto framework, eligible digital assets can be used for regulated cross-border commercial transactions, while cryptocurrency payments for goods and services remain restricted inside Russia. Non-qualified retail investors can buy up to 300,000 rubles of eligible cryptocurrencies annually through each intermediary after passing a suitability test, while qualified investors face fewer purchase restrictions.
Bitcoin, Ether and USDT were among the assets proposed by the Bank of Russia for regulated trading.
The digital ruble remains separate from those privately issued or decentralized digital assets because it is a direct liability of Russia’s central bank.
Rupee accumulation is no longer a major trade problem, Gref says
Payment arrangements between India and Russia have received particular attention since bilateral trade rose sharply after 2022, driven largely by Indian purchases of Russian oil.
Russia accumulated billions of dollars worth of rupees through trade as Indian imports from the country outpaced exports in the opposite direction. Some of the money was held in vostro accounts maintained by foreign banks with Indian lenders for rupee-based trade settlement.
Gref said the accumulation was no longer a significant obstacle because Russian companies had found ways to use the funds.
“Now it’s not the problem in our trade and we try to increase the trade between the countries,” he said.
Some excess rupees have been invested in Indian federal government securities, according to Gref, although he did not provide a figure.
The RBI had introduced rules allowing accumulated rupee balances to be invested in Indian projects and securities or used to pay for future purchases of goods and services, giving Russian companies more options for deploying funds generated through bilateral trade.
India and Russia have ranked among each other’s five largest trading partners since India increased purchases of Russian oil following the invasion of Ukraine. Bilateral trade reached nearly $60 billion in India’s fiscal 2026, with Russian energy shipments accounting for much of India’s imports.
The two countries are targeting $100 billion in bilateral trade by the end of the decade, but the flow remains heavily weighted toward Russian exports.
Gref said the imbalance exceeds $50 billion and called for more Indian goods to reach the Russian market.
“We need to bring more Indian exports and more opportunities to the Russian market and this is our goal,” he said.
Crypto World
Metaplanet Makes 41% Executive Reward Pool Cut: Will Shareholders Forgive the Dilution?
Metaplanet cancelled 131 million shares tied to its executive reward pool on Friday, shrinking the disputed insider stake by 41.1% after weeks of shareholder pressure.
The Tokyo-listed Bitcoin treasury company also scrapped a planned executive incentive vehicle outright and pushed the surviving warrants years further out before anyone can cash them in.
What Metaplanet Gave Up in Its Executive Reward Pool
Warrants are rights to buy shares later at a price fixed in advance, in this case 10 yen each. The board cut how many shares each warrant converts into, from 696 down to 410.
That takes the pool from 319.46 million shares to 188.19 million. Strip out warrants insiders already exercised and the cut is steeper, with the remainder falling 55.5% to 105.37 million.
Chief Executive Simon Gerovich valued the destroyed claim at more than $220 million. Metaplanet also scrapped a plan to move up to 90,000 warrants into a separate executive incentive vehicle.
Whatever remains unvested now unlocks in equal thirds across 2029, 2030 and 2031.
Why Shareholders Forced the Reset
BeInCrypto reported on September 8 that the frozen insider share pool had swollen from 46 million shares to 319.5 million, because it was pegged to a percentage of issuable stock rather than a fixed number.
That is the dilution in the complaint. Metaplanet’s share count climbed from 153.9 million to about 1.35 billion in two years as it sold stock to build one of the largest corporate Bitcoin treasuries. The insiders’ claim grew in step, without a second vote.
Not everyone accepts the grievance. David Bailey, chief executive of Metaplanet investor Nakamoto, has argued that 20% of the cap table is not unreasonable for the team that rebuilt the company.
“We also now recognize that disclosure and awareness are not always equivalen,” said Gerovich, conceding the criticism, rather than contesting it.
Metaplanet says the reduction lifts Bitcoin per fully diluted share by roughly 8.8%. Its stock closed at 251 yen in Tokyo, up 2.87%, according to Yahoo Finance, barely above the 244 yen it sank to when the pool was frozen last week.
The harder verdict waits on what replaces the scheme. Gerovich has promised an outside consultant will design it, and nothing has been published. Investors who forced this reversal in three weeks will judge that plan faster.
Follow us on X to get the latest news as it happens
The post Metaplanet Makes 41% Executive Reward Pool Cut: Will Shareholders Forgive the Dilution? appeared first on BeInCrypto.
It might be easy to quickly dismiss a stock just because it’s thinly traded in the stock market with an average daily volume that sits below 400,000 shares. Liquidity is important for a stock, make no mistake. But while Investor’s Business Daily measures a stock’s 50-day average trading volume, there’s another way to gauge a stock’s liquidity — and keep…
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XRP trades at $1.38, falling but still inside its range. Below the surface, a fresh supply audit shows why price feels stuck, and who’s actually pulling the strings. New data suggests the answer to “who controls XRP” is a lot narrower than the token’s 68 billion circulating supply.
XRPSCAN data shows the ten largest known entities collectively hold approximately 64.1% of the total XRP supply. Ripple alone accounts for nearly 40%, split across 31 tracked accounts. With the bulk of that locked in escrow rather than freely tradable.
Exchanges round out the list: UPbit holds 6.41 billion XRP, Coinbase 5.82 billion, Binance 2.74 billion, most of it custodial on behalf of users.
That concentration matters more when the price sits at a decision point. XRP’s August rally to $1.70 has faded into consolidation, and the next move likely hinges on whether large holders defend or dump into the current support band.
Discover: The Best Token Presales
Can XRP Price Hit $2 This Week?
XRP is consolidating near $1.35, inside a range that’s held for several sessions with daily volume running above $2 billion. The $1.35–$1.38 zone remains the level to watch. It is backed by the largest historical trading volume on URPD metrics and lines up with the 200-day EMA, making it the market’s real line in the sand.
- Bull case: a clean hold above $1.38 opens a path through resistance at $1.55, $1.60, and $1.68, with a breakout above $1.86 clearing the way toward $2.19.
- Base case: continued chop between $1.35 and $1.45 while the market waits for a catalyst.
- Bear case: a break below $1.35 risks a slide toward $1.31, then $1.27, invalidating the near-term bullish structure.
Recent breakout analysis flags $1.43 as a key line for maintaining bullish momentum. Worth tracking closely over the next few sessions.
Earn $50 and Enter $300K Prize Draw on EdgeX
Maxi Doge Targets Early Mover Upside as Ripple Tests Key Levels
XRP’s price action rewards patience, not conviction. A top-50 wallet concentration north of 43% means big holders, not retail sentiment, often decide where support breaks. This is fine for a $1.35 asset with a $200B+ market cap; less exciting if the goal is asymmetric upside.
This is where presale-stage tokens like whale-versus-retail dynamics start to look different, smaller supply, no legacy overhang, room to move.
Maxi Doge leans into gym-bro meme culture with a “1000x leverage trading mentality” pitch: holder-only trading competitions, leaderboard rewards, and a Maxi Fund treasury backing liquidity and partnerships. T
The token sits at $0.0002838, with $4,858,000 raised so far and dynamic APY staking live for early holders.
Research Maxi Doge before allocating.
Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop
The post XRP Faces Key Levels as Top Holders Reveal Who Controls the Supply appeared first on Cryptonews.
Given the sometimes violent border clashes between China and India in recent years, observers will also be watching Xi’s and Modi’s body language closely. Despite their differences on key agenda items, they are likely to be all smiles. Neither has an interest in airing grievances. India, as host, wants a smooth show. China, which will host next year’s summit, also wants a positive atmosphere. And Xi’s overriding goal is to present his country as a mature and constructive global leader.
Russia, of course, wants whatever diplomatic, political, and economic support it can get for its stalemated war with Ukraine. Brazil, meanwhile, hopes to forge new economic linkages and reaffirm its commitment to being a full BRICS partner, even as some fear that a Flavio Bolsonaro victory in next month’s presidential election could undermine the country’s commitment to the bloc.
The founders will not be the only delegations in attendance. Iran, Saudi Arabia, and the United Arab Emirates, all new members, will be there, introducing fresh tensions into the agenda and some awkward photo calls. Saudi Crown Prince Mohammed bin Salman and the UAE’s leader Sheikh Mohamed bin Zayed Al Nahyan, however, are expected to dispatch lesser officials in their place.
China set a 2030 deadline for the mass rollout of self-driving vehicles, handing its automakers a state-backed timeline that Western rivals must now match.
The Ministry of Industry and Information Technology published the plan on Friday together with eight other departments. It covers the country’s next five-year economic cycle.
China Self-Driving Vehicles Get a State Deadline
By 2030, vehicles with autonomous driving functions should reach large-scale use. Highly automated systems should also handle expressways, urban express roads, and selected city streets.
Beijing wants those systems to beat human drivers on safety by a wide margin. Therefore, the goal stretches past adoption into liability, insurance, and public trust.
The plan sets other hard numbers, too. Passenger cars should average 3.3 liters of fuel per 100 kilometers, while battery electric models target roughly 11.5 kilowatt-hours over the same distance.
China already helps write the rulebook. It led drafting of the first global technical regulation for automated driving systems, which regulators adopted in June. Meanwhile, the plan asks for a stronger voice in international standards by 2030, echoing Beijing’s wider use of export controls as leverage.
New Energy Targets Squeeze Weaker Carmakers
New energy vehicles must reach 70% of new passenger car sales by 2030 and 40% of commercial vehicle sales. In August, they already accounted for 60.6% of the market.
However, Beijing also wants fewer players. For the first time, an auto plan writes in capacity warnings and controls. It pushes mergers and cross-province consolidation, after capacity use slipped near 70% in the first quarter.
The plan targets several Chinese automakers inside the global top 10 by sales. Suppliers face the same push, with the plan asking for Chinese parts makers inside the global top 100. Labor productivity should rise 15% against 2025 levels.
In contrast, Tesla keeps absorbing investor doubt over full self-driving progress while its rivals gain a five-year state mandate.
Chinese robotics firms rode similar state backing into public markets this year, fueling an embodied AI boom in Shanghai. The coming five years will show whether the same playbook travels onto the road.
The post China Sets 2030 Deadline for Mass Self-Driving Vehicle Rollout appeared first on BeInCrypto.
Today’s Bitcoin price prediction shows BTC trading at $76,800, down -1.1% on the day, as the market digests a rougher-than-expected week of macro noise. That flat print masks a more interesting story underneath: bond-market stress, a jobs report that spooked rate-cut bets, and a presale quietly closing in on $34M while everyone watches the BTC chart.
The move follows a volatile start to September, with BTC oscillating between $76,000 and near $80,000 after August’s roughly 25% rally.
A stronger US August jobs print briefly pushed BTC below $80,000 last week as traders repriced Fed expectations; commentators are calling it a “healthy shakeout” rather than a trend reversal.
Add Houthi-driven oil price pressure and a global bond selloff, and cross-asset volatility is clearly elevated. Risk assets, crypto included, are trading defensively as everyone waits for Friday’s inflation data to provide the next directional cue.
Bitcoin Price Prediction: Can BTC Hit $80,000 This Week or is Sub-$76,000 Next?
BTC’s immediate battle is playing out around the $77,500–$77,700 pivot zone, a level recent technical coverage flags as the decider for the next several sessions. Volume has thinned alongside the price consolidation, a pattern typical of markets waiting on a catalyst rather than committing to direction.
Support sits first at $76,000–$76,350, backed by a deeper floor near $75,000 and structural demand stretching to $71,781–$75,674. Resistance clusters at $78,800–$79,000, the so-called transition zone, with $78,340 acting as the pivotal bullish threshold analysts want to see reclaimed. Chart analysis from early September still frames the broader structure as bullish but range-bound.
Bull case: acceptance above $78,340 opens a path to $80,000–$82,000.
Base case: continued chop between $76,000 and $79,000 while inflation data gets digested.
Bear case: a break below $75,000 invalidates the near-term structure and drags price toward the $71,000–$73,000 demand band.
Friday’s print will decide which scenario plays out; longer-term outlooks still lean constructive on institutional flows, regardless of short-term noise.
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Bitcoin Hyper Targets Early Mover Upside as Bitcoin Tests Key Levels
Holding BTC through this chop validates the long-term thesis, but let’s be honest: a move from $77,000 to $82,000 is a solid trade, not a life-changing one at Bitcoin’s trillion-dollar-plus market cap. Traders chasing outsized asymmetric upside are increasingly looking one layer down, literally, at infrastructure built on top of Bitcoin itself.
Bitcoin Hyper ($HYPER) markets itself as the first Bitcoin Layer 2 with native SVM integration, aiming to deliver smart contract speeds faster than Solana while settling back to Bitcoin’s base security.
The presale is priced at $0.013686 and has raised $33,121,590.91 so far, with staking offering a high APY for early participants. Standout features include a decentralized canonical bridge for BTC transfers and low-latency execution designed to fix Bitcoin’s longstanding programmability gap.
Gain Access to New Bitcoin Layer 2 Early Here
Discover: The Best Token Presales
The post Bitcoin Price Prediction: Can BTC Hold Key Support at $76,000? appeared first on Cryptonews.
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