SBI Holdings Acquires Bitbank for $289 Million to Create Japan’s Largest Crypto Exchange
SBI Holdings has signed agreements to acquire crypto exchange Bitbank for ¥46.7 billion (approximately $289 million), making it a wholly owned subsidiary.
The deal, expected to close around October 2026 pending regulatory approval, will create Japan’s largest crypto platform by assets under custody with roughly ¥1.1 trillion ($6.8 billion) and 2.92 million accounts.
Bitbank brings a strong security track record with zero hacking inci…
More Than Half of Mined Bitcoin Supply Enters Unrealized Loss Territory
Over 53% of the circulating Bitcoin supply is currently sitting at an unrealized loss, highlighting extreme capitulation and structural pressure across the network.
The indicator spike follows Bitcoin’s drop…
Bitcoin Risks Slide to $55,000 as Debasement Trade Unwinds and Liquidity Tightens
Bitcoin trades near $61,500, marking an approximately 50% correction from its October 2025 peak near $126,000.
Markus Thielen, founder of 10x Research, forecasts Bitcoin could fall to $55,000 before a cycle low forms between late August and October 2026.
Gold has dropped below $4,000 per ounce (down 28% from its January 2025 peak of $5,600) and silver below $59 per ounce (more than 50% from records), ending the 2025 debasement trade…
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