Key Highlights
- Metaplanet raises $515 million via new share issuance to acquire additional Bitcoin.
- Binance Wallet announces Codatta Pre-TGE event for users with Alpha scores ≥ 218.
- Binance Alpha to list XOCIETY (XO) and Moonveil (MORE) with exclusive airdrops.
- Genesis lawsuit reveals DCG executives ignored risk warnings, leading to a $12 billion loan crisis.
- Meme token trends on Ethereum, Solana, and Base networks.
Detailed Breakdown of Key Events
1. Metaplanet’s Strategic Bitcoin Acquisition
Japanese publicly traded company Metaplanet has successfully raised 749 billion yen (~$515 million) through the issuance of 54 million new shares. This capital will be used to purchase Bitcoin, reinforcing Metaplanet’s commitment to cryptocurrency as a treasury reserve.
- Previous Plan: Metaplanet aimed to issue 555 million new shares (92% of outstanding shares) to raise $54 billion for Bitcoin.
- Remaining Shares: Approximately 131 million warrants (1.31 billion shares) remain unexercised.
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2. Binance Wallet’s Codatta Pre-TGE Event
Binance Wallet has unveiled the Codatta Pre-TGE event, exclusively for users with Alpha scores ≥ 218. Key details:
- Event Timing: June 25, 2025 (19:00–21:00 UTC+8).
- Participation Cost: 10 Alpha points.
- Objective: Early access to Codatta’s token generation event (TGE).
3. Binance Alpha’s Humanity Protocol Airdrop
Binance Alpha launches a two-phase airdrop for Humanity Protocol (H) tokens:
- Phase 1 (First 18 Hours): Users with ≥230 Alpha points can claim 1,600 H tokens.
- Phase 2 (Next 6 Hours): Users with ≥180 Alpha points qualify (first-come, first-served).
- Claim Process: Requires 15 Alpha points; must be completed within 24 hours.
4. Genesis Lawsuit Exposes DCG’s Risk Mismanagement
Unsealed court documents reveal Digital Currency Group (DCG) executives ignored warnings, leading to Genesis’s collapse:
- Loan Surge: Genesis’s loans ballooned from $4 billion to $12 billion.
- Internal Culture: Employees faced pressure to prioritize DCG’s interests.
- Legal Action: Genesis seeks $3.3 billion in damages from DCG and executives.
5. New Listings on Binance Alpha
- XOCIETY (XO): Trading begins June 26, 2025 (details TBA). Airdrops available via Alpha points.
- Moonveil (MORE): Launching June 27, 2025 (20:00 UTC+8). Airdrop eligibility announced soon.
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Meme Token Rankings (June 25, 2025)
| Network | Top Tokens (24h) |
|---|---|
| Ethereum | SOLX, ISHI, VISION, G4S |
| Solana | fin, solami, HAI, JOKERS |
| Base | SATO, SLAP, AERO, SHIB |
FAQs
Q: How can I participate in Binance Wallet’s Codatta event?
A: Ensure your Alpha score is ≥218 and visit the Alpha activity page during the event window.
Q: What happens if I miss the Humanity Protocol airdrop claim window?
A: Unclaimed tokens are forfeited after 24 hours.
Q: Are Metaplanet’s Bitcoin purchases public?
A: Yes, the company discloses its BTC acquisitions as part of its treasury strategy.
Q: Why did Genesis’s loans surge despite warnings?
A: DCG’s leadership overrode risk advisories, prioritizing rapid growth over stability.
Q: How are meme token rankings determined?
A: Metrics include trading volume, social buzz, and liquidity depth on platforms like GMGN.
Disclaimer: This content is for informational purposes only. Cryptocurrency investments carry risks; conduct independent research before participating.