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The XRP price tumbled 3% to $2.76 in the past 24 hours despite a $17 million investment commitment from Japanese gaming and blockchain giant Gumi and as Litecoin mocked it as the “Rotten Egg Token.” Gumi, listed on the Tokyo Stock Exchange, said it plans to complete the XRP purchases by February as part of its Web3 expansion. Backed by its major shareholder SBI Holdings, the firm will integrate XRP into its treasury strategy alongside Bitcoin. According to an official announcement in the Japanese media outlet CoinPost , the firm’s board of directors has approved the purchase. Japanese gaming giant Gumi just made a $17M move into $XRP as part of its crypto treasury strategy, backed by SBI. They’ve already stacked BTC earlier this year, and now XRP joins their balance sheet alongside new ecosystem plays like Flare. pic.twitter.com/tn3R9dci8x — Tom Tucker (@WhatzTheTicker) August 29, 2025 The focus on XRP is part of Gumi’s dual-asset strategy, w...

The Bitcoin price rose 2% in the last 24 hours to trade at $63,542 as of 03:16 a.m. EST on trading volume that surged 69% to $20.7 billion. This comes as investment adviser Metaplanet, known as Japan’s MicroStrategy, said it bought another $6.7 million worth of BTC, pushing its holdings to 639.5 BTC, worth approximately $40.6 million. *Metaplanet purchases additional 108.78 $BTC* pic.twitter.com/Pz2AHupm1T — Metaplanet Inc. (@Metaplanet_JP) October 7, 2024 In May, the company adopted BTC as a reserve asset to hedge against the volatility of Japan’s native currency. It now has the second-largest Bitcoin stash among Asia-listed companies, behind Meitu with 941 BTC. Bitcoin Price Could Continue Soaring According to the 1-day chart, the Bitcoin price shows that BTC has been trading between $56,000 and $72,000, according to data from GeckoTerminal . A recent downtrend below the $56,000 support caused the price of Bitcoin to form an inverse head and shoulders patte...

1. The Mainland of China’s Crypto News This Week 1.1 Chainalysis Estimates: Chinese OTC Crypto Brokers Saw Quarterly Inflows Exceeding $20 Billion for Three Consecutive Quarters link According to Chainalysis, it is estimated that in the three quarters leading up to June, China’s over-the-counter cryptocurrency brokers saw quarterly inflows exceeding 20 billion dollars, marking a record high since 2021, with a total accumulation of 75.4 billion dollars over nine months. Eric Jardine, head of cybercrime research at Chainalysis, noted that given China’s regulatory landscape, which includes bans on cryptocurrency trading and mining, these services undoubtedly exist in a gray economic zone. Chainalysis also highlighted that approximately 55% of the total value received by Chinese OTC traders comes from transfers exceeding 1 million dollars, though the data currently does not allow for distinguishing whether these transfers originate from wealthy individuals or businesses trading on behalf o...

Sky Mavis is the developer of the blockchain-based blockchain Axie Infinity. The partnership brings Japanese Web2 games to Ronin Blockchain. Axie Infinity’s track record positions Ronin as a significant player in the NFT space. The native cryptocurrency of the popular blockchain-based game Axie Infinity, AXS, experienced a remarkable surge of 15% in its price today, closely tied to the recent announcement of a strategic partnership between Sky Mavis and Act Games. The collaboration aims to integrate a series of well-known Japanese video game franchises into the Ronin blockchain, providing an exciting new avenue for blockchain gaming enthusiasts. Axie Infinity developer’s partnership with Act Games  Axie Infinity’s developer, Sky Mavis, recently unveiled a groundbreaking partnership with the Korean Gaming studio Act Games. The partnership signifies a significant step forward in the integration of Japan ese Gaming franchises onto th...