Metaplanet Added $398M in BTC to Holdings in Q1 to Become Third Largest Bitcoin Treasury

Coinbase and MicroStrategy achieved record highs in stock prices and market capitalization, driven by the recent surge in cryptocurrency prices. While Coinbase hit an all-time high of $405.88, MicroStrategy's market cap exceeded $128 billion, with both stocks showing significant gains over the past week.

XRP's price reached a six-month high with notional open interest for the third largest cryptocurrency surging to record levels. XRP perpetual futures saw over $8.8 billion in open interest, with Bitget and Binance leading in centralized exchanges.

Cathie Wood's investment firm sold shares of ARK 21Shares Bitcoin ETF and Coinbase Global Inc. to potentially capitalize on market momentum and reduce exposure before the CPI release. The sales coincided with Bitcoin hitting a new all-time high and Coinbase facing regulatory pressures.

Ethereum has surged nearly 10% today and 26% over the past week, trading above $3,300, making it the best performing token among the top 20 cryptocurrencies. The altcoin sector is stealing the spotlight with explosive moves, showing renewed strength in the crypto market.

Ethereum shorts worth over $152 million were liquidated as its price surged, accounting for more than half of the total crypto shorts liquidated. ETH's volatility is attributed to regulatory news, with trading volumes and open interest rising significantly in the past day.

Roger Ver, known as "Bitcoin Jesus," has sued Spain over extradition to the U.S. for tax evasion charges. His legal team argues that the extradition order violates his right to liberty due to legal uncertainties in the U.S. tax treatment of crypto.

Talos is acquiring Coin Metrics to expand its services for institutional investors, joining a trend of crypto M&A deals this year. The deal, reportedly valued at $100 million, marks Talos' largest acquisition and aims to create an integrated institutional platform.

Trump's criticism of Fed Chair Jerome Powell led to volatility in the crypto market, with Bitcoin's price fluctuating between $119,000 and $119,650. Despite reports suggesting Trump might fire Powell, he stated he has no immediate plans to do so.

The House narrowly passed three major crypto bills after a dramatic vote, with some Republicans changing their votes to "yes" at the last moment. Despite initial opposition, President Trump convinced holdouts to support the bills, allowing Crypto Week to continue as planned.

Meme coins like Dogecoin, TRUMP, and MELANIA are experiencing significant gains, with Dogecoin leading the pack with a 6.7% increase in the last 24 hours. Solana-based tokens, including PUMP, UFD, and MICHI, have also seen substantial growth.