Summary of major cryptocurrency news this week, including the continued rise stagnation of BTC and the potential loss of 500 billion yen in ETH.

## Summary of Materials for Cryptoassets (Virtual Currency)

Rate of change compared to the previous week (27th to 2nd Saturday)

• Bitcoin (BTC): $113,246 -3.4%
• Ethereum (ETH): $3,481 -6.4%
• XRP (XRP): $2.96 -5.7%
• Solana (SOL): $162.70 -12.0%

Summarized the news from the past week, focusing on the top cryptoassets (coins) by market capitalization.

Market Cap Rank 1: Bitcoin (BTC)

MetaPlanet Inc. announced on the 28th that it has added 780 BTC as part of its Bitcoin treasury business. The average purchase price was 17,524,540 yen per BTC, with a total purchase amount of approximately 13.66 billion yen.

On the 29th, Ray Dalio, the founder of one of the world's largest hedge funds "Bridgewater Associates," recommended allocating 15% of the portfolio to Bitcoin and gold in a CNBC podcast. This was presented as advice for investors seeking the optimal risk-return ratio.

Furthermore, on the 29th, the major Bitcoin treasury firm Strategy in the U.S. announced that it had purchased an additional 21,021 BTC at an average price of approximately $117,256. As a result, the company's total Bitcoin holdings have reached 628,791 BTC, which is worth over 11 trillion yen at the current price.

In addition, QCP Capital pointed out in their analysis on the 30th that Bitcoin is struggling to maintain or break through the $120,000 level. While buying pressure around $116,000 continues, resistance at higher levels remains strong.

Bitcoin (BTC) news and price

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Market Cap Rank 2: Ethereum (ETH)

Connor Grogan, director at the cryptocurrency exchange Coinbase, announced on the 21st that it is estimated that at least $3.43 billion worth of Ethereum has been permanently lost due to user errors and other reasons. With 912,296.82 ETH becoming unrecoverable, this accounts for more than 0.76% of the circulating supply.

On the 28th, Bitmain, Inc. (hereinafter referred to as Bitmain) in the U.S. released a presentation for investors titled "5% Alchemy" by Chairman Tom Lee. This presentation was developed to communicate the long-term benefits of Ethereum to investors, as well as to provide the latest information on the company's ETH treasury strategy.

Furthermore, Bitmain announced on the 29th that its board of directors has approved a share buyback program of up to $1 billion. This program will be implemented without a fixed deadline, through public markets and individual transactions.

Additionally, The Ether Machine, a company specializing in Ethereum, announced on the 30th that its subsidiary Ether Reserve purchased approximately 15,000 ETH at a price of $3,809.97 per token. The total purchase amount is approximately $57 million and was executed as part of a long-term accumulation strategy.

Ethereum (ETH) News - Price

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Market cap rank 3: XRP

Ripple announced on the 31st that Adena Friedman, the Chair and CEO of Nasdaq, will be speaking at this year's "Ripple Swell" event.

Mr. Friedman explained that he will discuss the future of the financial system, the potential of digital assets and blockchain, and the evolving role of tokenization and emerging technologies. Ripple Swell 2025 will be held in New York, USA from November 4 to 5.

XRP News & Price

In-depth explanation of investment benefits and risks

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Market Capitalization Rank 6: Solana (SOL)

On the 24th, Anatoly Yakovenko, the founder of Solana, and five others announced the "Internet Financial Market Roadmap." They revealed a phased introduction of new technology ACE (Application Controlled Execution), aiming to build a decentralized trading system comparable to traditional financial exchanges.

On the 28th, Canadian cryptocurrency investment firm Sol Strategies announced that the private fund of renowned investor Cathie Wood's investment company ARK Invest has selected Sol Strategies as the staking provider for Solana. The name of the fund in question is ARK's "Digital Asset Revolutions Fund."

Solana (SOL) News and Price

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