Metaplanet CEO Simon Gerovich responded to accusations that the company misled investors about its Bitcoin investments. Critics claimed Metaplanet withheld price-sensitive information, obscured derivatives losses, and failed to disclose BTC-backed borrowing terms. Gerovich stated that all purchases, options, and borrowings were promptly reported, and the financial statements were being misinterpreted.
Bitcoin ETFs Experience Heavy Outflows
U.S.-listed spot Bitcoin ETFs saw $165.8 million in outflows on Thursday, bringing weekly losses to $403.9 million. Year-to-date, losses total $2.7 billion. Trading volumes dropped 21% over the week, indicating declining investor activity.
White House Meets Crypto and Banking Industry
The U.S. White House held a third meeting in 16 days with crypto and banking representatives to discuss the stalled CLARITY Act, focusing on stablecoin yield provisions. No final agreement was reached, but proposals include allowing third parties (like exchanges) to provide rewards based only on transactions rather than balances.
Quantum Fears Not Driving Bitcoin Drop
Bitcoin developer Matt Corallo dismissed claims that quantum computing fears caused Bitcoin’s 46% drop from its October 2025 peak. He noted that if quantum risk were the cause, Ether (ETH) would have surged instead, which it hasn’t.
Weekly Crypto Market Snapshot
- Bitcoin (BTC): $68,004
- Ethereum (ETH): $1,972
- XRP: $1.42
- Total market cap: $2.33 trillion
Top altcoin gainers:
- STABLE: +19.62%
- MORPHO: +13.05%
- INJ: +10.99%
Top altcoin losers:
- H: -27.34%
- CHZ: -19.60%
- ARB: -19.54%
Key Quotes
- Matt Corallo: “I strongly disagree with the characterization that Bitcoin's current price is materially because of some kind of quantum risk.”
- Changpeng "CZ" Zhao: Privacy is key for crypto adoption; salaries paid on-chain reveal too much.
- Matthew Roszak: Bitcoin’s quantum upgrade is a “two-step process.”
- Amir Hajian: Treasury bill issuance affects fiscal tailwinds for Bitcoin.
- Eric Trump: Banks discriminated against certain clients unfairly.
- Will Sheehan: Post-FTX DeFi spot lending leverage changed fundamentally.
Prediction of the Week
Macro strategist Lyn Alden predicts Bitcoin’s next major rally could depend on AI stocks becoming “overvalued,” as capital shifts from overpriced assets to Bitcoin and other opportunities.
Top FUD / Risks
- Uniswap scams: Fake ads are tricking users into losing funds.
- Kalshi injunction: Tennessee judge temporarily blocks state from enforcing gambling laws against Kalshi’s sports contracts.
- Bithumb error: Exchange mistakenly credited users with 2,000 BTC instead of 2,000 KRW, highlighting systemic risks and regulatory gaps in South Korea.
This week’s crypto highlights show continued volatility, regulatory scrutiny, and growing concerns about ETF outflows and investor confidence, while adoption and market structure discussions (like stablecoins and AI-driven capital shifts) remain central to long-term trends.