Crypto News: WLFI Whale Moves and Metaplanet’s $3.8B Bitcoin Plan
Crypto news: Chinese authorities dismantled a major money-laundering chain disguising as virtual-coin trading, seizing nearly 170M CNY in offshore operations. In this crypto news roundup, a whale deposited 133.33M WLFI tokens (valued at $32.2M) to Binance, while another whale unlocked 200M WLFI (≈$59.4M) and sold 10M tokens. The WLFI team also proposed using protocol revenue for continuous buybacks and burns. Institutional appetite for Bitcoin surged as Japan’s Metaplanet shareholders approved raising up to $3.8B to acquire 210,000 BTC by 2027. On-chain data revealed two addresses received 185,000 ETH (~$798M), and Deutsche Bank increased its MicroStrategy (MSTR) stock holdings by $47M this quarter. In real estate, UAE’s RAK Properties will accept Bitcoin, Ethereum, and USDT via Hubpay. Ethereum gas fees spiked to ~130 Gwei upon WLFI’s launch. Additionally, El Salvador announced its first government-led Bitcoin conference, and Hong Kong’s regulator held meetings with 77 institutions eyeing stablecoin licenses.
Neutral
While large-scale whale activities and WLFI token developments increase short-term trading volatility, the significant institutional purchases of Bitcoin by Metaplanet and increased holdings by Deutsche Bank signal long-term bullish fundamentals. Conversely, regulatory actions like the Chinese money-laundering crackdown and strict stances in Korea add uncertainty. These opposing forces balance out, suggesting a neutral market impact.