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

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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.

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