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Metaplanet to start sponsored ADR program to woo over-the-counter U.S. investors The sponsored level I ADR listing strengthens U.S. investor access, settlement quality and market credibility, the company said. What to know: Metaplanet’s sponsored level I ADRs will trade over the counter under the ticker MPJPY starting Dec. 19. The ADRs will offer U.S. dollar settlement, improved liquidity and standardized U.S. market infrastructure without raising new capital. Metaplanet shares rose 6% in Tokyo trading to 443 yen ($2.80). Japanese bitcoin treasury company Metaplanet (3350) said its American depositary receipts (ADRs) will start trading Dec. 19 on the U.S. over-the-counter (OTC) market under the ticker MPJPY. The securities are designed to improve access, transparency and operational efficiency for U.S. based investors in the fourth-largest corporate holder of bitcoin BTC$88,009.42. They will replace existing, unsponsored OTC trading under the MTPLF ticker, which lacked a formal deposit agreement and direct company involvement. The ADRs meet level I issuance standards, meaning they are subject to the lowest level of compliance and regulation and cannot trade on regulated exchanges. Each ADR represents one common share and settles through standard U.S. securities infrastructure. Deutsche Bank Trust Company Americas will act as depositary, with MUFG Bank serving as custodian in Japan. The program is not intended for capital raising and does not affect the company’s total shares outstanding. Even though the ADRs are limited to OTC trading rather than on Nasdaq or the NYSE, they offer materially improved settlement, much broader brokerage access and significantly lower trading fees than unsponsored OTC instruments, Dylan Le Clair, head of bitcoin strategy at the Tokyo-based company, said in a post on X. The structure removes key barriers for both retail and institutional investors, many of whom require compliant ADR frameworks due to regulatory and custodial mandates, he said. Metaplanet shares rose more than 6% in Tokyo to 443 yen ($2.80). #BTC #bnb

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Ripple expands institutional trading push with TJM partnership The deal is less about chasing returns and more about access to familiar market structures, regulated intermediaries and predictable settlement. What to know: Ripple deepened its relationship with TJM Investments, taking a minority stake to support its trading and clearing operations. The partnership builds on Ripple Prime and aims to offer digital asset trading to TJM clients while adhering to traditional financial regulations. This move reflects a trend where crypto exposure is increasingly managed through regulated brokers and platforms, rather than offshore venues. Ripple said it deepened its relationship with brokerage firm TJM Investments, buying a minority stake that takes it further into the behind-the-scenes infrastructure that institutions use to trade and settle assets. Ripple will support the trading and clearing operations of TJM, a U.S.-regulated broker-dealer, as part of the arrangement. The companies did not disclose financial terms. The relationship builds on Ripple’s institutional platform, Ripple Prime, which provides trading, financing and collateral tools to hedge funds, asset managers and family offices. TJM plans to use the connection to offer digital asset trading to clients in the coming months. Rather than running an exchange or pushing new tokens, Ripple has been positioning itself as a service provider for firms that already operate inside traditional financial rules. #BTC #bnb #ETH

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Crypto Markets Today: Bitcoin rallies on Japan rate hike as futures traders pile in BTC rose to $88,000 after the Bank of Japan raised interest rates. The increase, seen as a potential risk-off trigger, failed to spark a flight into the yen. What to know: BTC rose to $88,000 from $85,200 in five hours after the BOJ hiked rates The increase had been seen as a potential risk-off trigger, but failed to spark a flight into the yen. Open interest rose faster than price, and funding rates flipped decisively positive, signaling fresh leveraged longs rather than short covering. SOL and XRP saw declining open interest and altcoin-season indicators hit new lows, while ETH outperformed BTC despite broader weakness. The crypto market's rich vein of volatility extended into Friday morning, with bitcoin BTC$- rising from a 1:00 a.m. UTC low of $85,200 to $88,000 over five hours after the Bank of Japan increased interest rates to the highest level in 30 years. The move marked the fourth time bitcoin has jumped by more than 2% this week, although each rally has been temporary and quickly faded as price action resembles the choppy behavior of previous crypto bear markets. Nasdaq 100 futures rose by 0.62% during the same five-hour window as the yen fell, suggesting that the rate hike was priced in and investors weren't rushing to swap risk assets for Japan's national currency. A Bank of Japan rate hike is often thought to be bearish for risk assets because it could make the yen more expensive to borrow and spur the unwinding of the carry trade, in which traders borrow cheap yen at low rates and use it to buy higher-yielding assets like U.S. bonds, equities and crypto. #BTC #bnb #ETH

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Oracle TikTok deal lifts AI mining stocks as bitcoin tags $88,000 Oracle shares jumped 6% in pre-market on Friday as TikTok's U.S. agreement helped calm AI bubble fears after a volatile macro week. What to know: Oracle shares climbed about 6% to around $190 Friday's pre market trading. TikTok agreed to form a U.S. joint venture led by American investors, reinforcing Oracle’s role as a core AI cloud and data security provider easing AI concerns. The deal helped improve broader risk sentiment with bitcoin back above $88,000, also lifting AI mining stocks in the process. Oracle (ORCL) shares jumped more than 6% in pre-market trading to around $190 after Bloomberg reported that TikTok signed binding agreements to form a new U.S. joint venture led by Oracle, helping ease investor concerns around AI-driven valuation risks. The upbeat reaction spread across risk assets. Bitcoin BTC$88,074.30 jumped above $88,000, Invesco QQQ (QQQ) futures, which tracks the performance of the Nasdaq-100, rose around 0.5%, while AI mining stocks also moved higher. IREN (IREN) gained about 4%, Cipher Mining (CIFR) rose roughly 4% and CoreWeave (CRWV) climbed around 6%. Oracle will play a central role as the primary cloud infrastructure and data security provider, overseeing where TikTok’s AI recommendation systems are retrained and operated on U.S.-based data. #BTC #bnb #ETH

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Jump Trading sued for $4 billion in connection to Do Kwon’s Terra Labs collapse: WSJ The administrator winding down what remains of Terraform is suing Jump Trading, accusing it of contributing to its demise while profiting illegally. What to know: The bankruptcy administrator of Terraform Labs is suing Jump Trading for allegedly profiting from and contributing to a $40 billion crash. Todd Snyder, responsible for winding down Terraform Labs, seeks $4 billion in damages from Jump Trading and its executives. Terraform Labs collapsed in 2022 after its stablecoin TerraUSD lost its dollar peg, leading to a market crash and the downfall of its sister token, Luna. The bankruptcy court-appointed administrator of the Terraform Labs collapse is suing Jump Trading, accusing the high-speed trading company of illegally profiting from and contributing to the $40 billion crash, according to the Wall Street Journal. Todd Snyder, tasked with winding down what remains of the crypto empire, is seeking $4 billion in damages from the trading company, its co-founder William DiSomma and Kanav Kareiya, who began as an intern and rose to become the platform’s president. Terra’s Post-Chapter 11 X account confirmed WSJ’s story in a post on X on Friday Jump Trading actively exploited the Terraform Labs ecosystem through manipulation, concealment, and self-dealing that enriched Jump while financially devastating thousands of unsuspecting investors,” Snyder said. “This action is a necessary step to hold Jump Trading accountable for illegal conduct that directly caused the largest crypto collapse in history.”

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