News Roundup — Metaplanet Becomes 9th Largest Public Bitcoin Holder With Latest BTC Buy

Major news stories this week;‍

1. Metaplanet Becomes 9th Largest Public Bitcoin Holder With Latest BTC Buy
2. New York Bill Proposes Legalizing Bitcoin, Crypto for State Payments
3. Atkins Becomes Next SEC Chair: What’s Next for the Crypto Industry
4. China and Russia Settle Energy Trades in Bitcoin, Vaneck Confirms
5. First Digital Trust Files Defamation Claim Against Justin Sun

Story Summaries;

1. Metaplanet Inc. has risen to become the 9th largest public Bitcoin holder after acquiring 319 BTC at an average price of $83,147, raising its total holdings to 4,525 BTC. Launched in December 2024, the company’s bitcoin-focused treasury strategy aims to enhance shareholder value and is supported by capital market activity like bond issuances.
2. New York Assemblyman Clyde Vanel has introduced Bill A7788 to allow state agencies to accept crypto payments, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Payments could cover taxes, fees, and fines, though a service fee may apply. This is New York’s second crypto bill in recent months, reflecting growing support for digital assets amid a broader national push under President Trump. The bill is under committee review.
3. Paul Atkins, a former SEC commissioner, has been confirmed as the agency's new chair, promising clearer crypto regulations and a more supportive environment for innovation. His appointment follows the dismissal of several crypto-related cases, hinting at a shift in SEC policy. However, staffing cuts driven by the Trump administration and Elon Musk's DOGE committee may hinder the agency’s ability to implement new frameworks effectively.
4. China and Russia are reportedly using Bitcoin to settle some energy trades, signalling a move away from the U.S. dollar. VanEck reports growing global use of crypto for cross-border commerce, with Bolivia and France also exploring crypto in energy markets. This trend highlights Bitcoin's rising role as a neutral payment tool amid financial instability.
5. First Digital Trust has filed a defamation suit against TRON founder Justin Sun after he claimed the company was insolvent, briefly causing its FDUSD stablecoin to de-peg. The Hong Kong High Court filing seeks to stop Sun from repeating the claims, demands retractions, and requests damages. Despite First Digital showing proof of redemptions, Sun has doubled down, calling for regulatory reform. No court date is set, and Sun has yet to respond formally.
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And that’s all for last week’s news! Wishing you a great week ahead!