BTC $80,545.47 +0.77%
ETH $2,341.09 +1.26%
BNB $748.74 +0.91%
XRP $1.32 +2.44%
SOL $100.83 +0.63%
TRX $0.3292 -0.26%
DOGE $0.0782 +1.57%
ADA $0.2050 -0.00%
BCH $289.10 +4.21%
LINK $11.46 +0.99%
HYPE $81.40 +3.40%
AAVE $132.04 -1.89%
SUI $0.9234 +1.68%
XLM $0.1697 +1.16%
ZEC $1,297.58 +5.93%
AAPL $346.57 +0.98%
AMZN $254.74 +2.41%
GOOGL $322.20 +1.59%
MSFT $532.02 -0.03%
META $623.49 -1.54%
NVDA $218.06 +0.73%
TSLA $407.44 +3.26%
SNDK $1,299.58 +2.71%
INTC $93.62 +2.15%
SPCX $150.13 +1.23%
MU $933.48 +2.45%
AMD $560.45 +5.30%
BTC $80,545.47 +0.77%
ETH $2,341.09 +1.26%
BNB $748.74 +0.91%
XRP $1.32 +2.44%
SOL $100.83 +0.63%
TRX $0.3292 -0.26%
DOGE $0.0782 +1.57%
ADA $0.2050 -0.00%
BCH $289.10 +4.21%
LINK $11.46 +0.99%
HYPE $81.40 +3.40%
AAVE $132.04 -1.89%
SUI $0.9234 +1.68%
XLM $0.1697 +1.16%
ZEC $1,297.58 +5.93%
AAPL $346.57 +0.98%
AMZN $254.74 +2.41%
GOOGL $322.20 +1.59%
MSFT $532.02 -0.03%
META $623.49 -1.54%
NVDA $218.06 +0.73%
TSLA $407.44 +3.26%
SNDK $1,299.58 +2.71%
INTC $93.62 +2.15%
SPCX $150.13 +1.23%
MU $933.48 +2.45%
AMD $560.45 +5.30%

anet

All
Article
Flash

first_img U.S. Treasury Secretary Janet Yellen: Artificial Intelligence cannot be compared to the Internet bubble

According to attendees, U.S. Treasury Secretary Bessent stated during a closed-door meeting on Wednesday that there are no systemic issues in the artificial intelligence industry, and it cannot be compared to the internet bubble at the turn of the century. Bessent expressed an optimistic attitude towards this cutting-edge technology, believing that technological advancements will benefit the United States, but also acknowledged that data centers and AI companies have not done enough to explain the benefits of this technology to the average American.The closed-door meeting attracted over a hundred executives and investors from the financial industry, with ticket prices starting at $7,500 and top sponsorship packages costing up to $100,000. Proceeds from the meeting are used for charity. This year marks the 14th edition, having raised nearly $72 million in total. Bessent has publicly predicted multiple times that the development of artificial intelligence will significantly increase productivity and greatly boost U.S. economic growth. Currently, there is growing concern in American society regarding investments in artificial intelligence and data centers, leading to a sell-off of AI stocks.Former U.S. Treasury Secretary Yellen pointed out that she always confirms the presence of the media and issues public reports when she gives speeches. Bessent's office responded that his views expressed at the closed-door meeting had been publicly stated before and do not involve issues of transparency; in addition to artificial intelligence, he also discussed his views on the U.S. economy. More and more regions are beginning to oppose the construction of data centers, which is affecting the upcoming U.S. midterm elections, leading to a decline in support for U.S. President Trump and the Republican Party.

Metaplanet has been approved to control the Nasdaq-listed company SLE, successfully achieving its listing layout in the United States

Metaplanet founder and CEO Simon Gerovich announced that the transaction between Metaplanet and Super League Enterprise, Inc. (NASDAQ: SLE) has been formally approved at the company's shareholder meeting.This move marks a key step for Metaplanet in transforming from a Bitcoin treasury company to a global Bitcoin-native financial platform.It is reported that Metaplanet injected 2,100 Bitcoins and $2.5 million in cash into the NASDAQ-listed company Super League Enterprise (SLE), with a total value of approximately $134.6 million, in exchange for a controlling stake. In return, Metaplanet received approximately 44.86 million newly issued shares of common stock (at $3 per share), as well as preferred stock and warrants. After the transaction is completed, Metaplanet will hold about 95.7% of SLE's issued common stock, becoming its controlling shareholder.According to Gerovich, after the transaction is completed, Superplanet will serve as Metaplanet's Bitcoin treasury platform listed in the United States, which will enable it to directly access the U.S. capital markets and gain more agile and flexible financing capabilities. Strategically, combined with Metaplanet Securities established in Japan, this approval will provide the company with complementary platforms in the two most important capital markets globally (the U.S. and Japan).This will not only facilitate its international financing and capital allocation but also further advance its business expansion in areas such as Bitcoin treasury, financial services, financial products, and asset management. Gerovich stated that this is a new milestone on Metaplanet's long-term growth path, and the company will continue to update the public on the latest progress regarding the completion of this transaction.

first_img Metaplanet revises its capital allocation policy, planning to invest 10% to 15% of its assets into strategic investments

According to Cointelegraph, Japanese investment and Bitcoin treasury company Metaplanet announced a revised capital allocation policy, proposing to invest 10% to 15% of total assets into strategic investments, including mergers and acquisitions and income-generating assets. It also launched a net interest income strategy to allocate capital to income-producing assets, using net interest income to support Bitcoin accumulation and dividend payments. Bitcoin remains its core treasury reserve asset, accounting for 85% to 90% of total assets. The company stated that this move aims to enhance financing capability and credit quality to increase the Bitcoin holdings per share.As this financing model was introduced, shareholders expressed concerns about Metaplanet's governance and complex capital structure. The company released five corrected securities filing documents last Friday, clarifying that CEO Simon Gerovich does not hold a majority voting power in Metaplanet shareholder MMX Ventures.Anonymous shareholder Bitcoin Pharaoh subsequently called for the company to clearly disclose the ownership of MMX Ventures, explain the 23.8% shares registered as indirectly held by Gerovich, and reveal the identities of two unnamed executives who exercised 18.8 million shares from the 10th stock option pool.In early September this year, management faced criticism from shareholders for expanding the 10th executive stock option pool from 46 million shares to nearly 319.5 million shares. On September 11, Metaplanet proposed to reduce the option pool by 41%, decreasing potential shares by 131.3 million to 188.19 million shares, and resetting the conversion ratio from 1:696 to 1:410.

first_img BPI questions MSCI's non-operating company rules, Strategy and Metaplanet may be removed from the index

According to Cointelegraph, the Bitcoin Policy Institute (BPI) released a research report questioning the process by which MSCI established its latest index rules. MSCI had previously listed companies such as Strategy and Metaplanet as potential "non-operating companies," which could lead to their removal from the index.MSCI first proposed excluding digital asset treasury companies from global indices in 2025, but after facing opposition, it shelved the plan in January and opted for a broader review of "non-operating companies." On August 3, MSCI put forward a broader proposal that could still result in the exclusion of Strategy and Metaplanet. In a report titled "The Invisible Committee of Wall Street," BPI pointed out that metadata shows the presentation MSCI consulted is stored in an internal folder specifically for digital asset treasury companies.According to the proposal, MSCI will first assess whether a company has a significant amount of operational assets before applying five additional financial tests. Its own simulations indicate that Strategy, Metaplanet, and uranium investment company Yellow Cake would be excluded. In 2025, JPMorgan analysts estimated that if Strategy were excluded, it could face an outflow of approximately $2.8 billion. BPI also questioned MSCI's reliance on "operational assets," stating that the term is not a standardized balance sheet category under U.S. GAAP or IFRS. MSCI concluded its opinion collection on September 30 and is expected to announce results on or before October 16, with related changes set to take effect during the index review in November 2026.
app_icon
ChainCatcher Building the Web3 world with innovations.