Metaplanet and El Salvador Stack More BTC!

Metaplanet and El Salvador both expanded their Bitcoin holdings on Monday.

Author

Danielle du Toit
September 08, 2025

In partnership with

The Key to a $1.3 Trillion Opportunity

A new real estate trend called co-ownership is revolutionizing a $1.3T market. Leading it? Pacaso. Created by the founder behind a $120M prior exit, they already have $110M+ in gross profits to date. They even reserved the Nasdaq ticker PCSO. And you can invest until September 18.

Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.

Here's what we've got for you today:

  • Metaplanet, El Salvador Add Bitcoin as Sentiment Shifts ‘Neutral’

  • Kinto Token Crashes as Network Confirms Shutdown

  • Ethereum Added $1B of Stablecoins Almost Every Day Last Week

  • Sui-Based Nemo Protocol Exploited for $2.4 Million

🪙 Metaplanet, El Salvador Add Bitcoin as Sentiment Shifts ‘Neutral’

Metaplanet and El Salvador expanded their Bitcoin holdings on Monday as market sentiment turned neutral.

  • Metaplanet bought 136 more Bitcoin at about $111,830 each, bringing its holdings to 20,136 BTC worth over $2.2 billion.

  • The Tokyo-based firm wants to reach 210,000 BTC by 2027, which will make it the world’s second-largest public Bitcoin holder after Strategy.

  • El Salvador also expanded its Bitcoin stash as the Fear & Greed Index returned to “neutral” after several days in “fear.”

Kinto Network will shut down its Ethereum layer-2 blockchain after a devastating hack and failed fundraising.

  • Kinto Network’s governance token plunged over 80% after the project announced it will shut down its Ethereum layer-2 blockchain by the end of September.

  • The closure follows failed fundraising efforts, worsening market conditions, and a July hack that exploited the ERC-1967 Proxy standard, draining 577 ETH.

  • Critics pointed out Kinto’s unsustainable yield model, which promised up to 130% APY, despite the project struggling to generate steady revenue.

Ethereum’s stablecoin supply surged to a record high of up to $165 billion, securing 57% market share.

  • Ethereum’s stablecoin supply grew by $5 billion in the past week, hitting an all-time high of $165 billion.

  • Data from RWA.xyz shows a slightly lower but still record figure of $158.5 billion, giving Ethereum a dominant 57% market share.

  • Ethereum is the leading network for stablecoins, far ahead of Tron at 27% and Solana at under 4%.

Nemo Protocol, a Sui-based DeFi platform, was exploited for $2.4 million in USDC.

  • Sui-based DeFi platform Nemo Protocol was hacked for $2.4 million in stablecoins, mainly USDC.

  • Security firm PeckShield reported that the attacker bridged the stolen funds from Arbitrum to Ethereum.

  • Nemo confirmed the exploit in a Telegram post, suspended all smart contract activity, and is investigating the incident.

👀 QUICK NEWS

MEME OF THE DAY

How did you like today's newsletter?

Login or Subscribe to participate in polls.

That’s it for today. Don’t forget to share Coinpaper Digest with your friends!