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Blockchain data shows the Japanese treasury firm moved the bitcoin between wallets it controls, not to an exchange, so the transfer isn’t a sale despite its $1.4 billion paper loss.
By Shaurya Malwa and James Van Straten
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The Dollar Index, which tracks the greenback’s value against a basket of major currencies, is trading right at the support of a bullish trendline that has guided its rise from the January low of 95.55.
A bounce from this level would signal a continuation of the rally, while a decisive break below it would point to a potential reversal.
Which scenario plays out largely hinges on Wednesday’s U.S. consumer price index data. A hotter-than-expected core CPI reading, which excludes volatile food and energy prices, could spark a meaningful rebound in the dollar.
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Metals are climbing ahead of the CPI inflation report. Gold is trading at $4,420, up more than 1% over the past 24 hours and 7% this month. Silver has risen above $66, gaining more than 2.5% over the past 24 hours and 12% this month. Bitcoin has also climbed above $64,000, up less than 1% over the past 24 hours.
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Market sentiment is lukewarm heading into the US inflation report, with lingering geopolitical risk keeping a lid on things, said Kyle Rodda, senior analyst at Capital.com, told CoinDesk in a message.
The CPI data lands with the market split on what the Fed does in September, Rodda said, putting the odds of a hike at close to 50/50 after the FOMC’s recent mixed messaging.
Core inflation is expected to have eased to 2.5% in July, with headline also tipped lower. A hot core print, or sticky pressure in the inputs that feed the Fed’s preferred PCE gauge, would lift hike odds and weigh on equities. A soft one would cut them, especially after last week’s big miss in the jobs data.
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US stock futures rose Wednesday as strong AI earnings lifted sentiment before today’s inflation data.
CoreWeave surged 16% after hours on booming AI-compute demand and Super Micro rallied 7.6% on a revenue forecast that topped the highest estimates, pushing Nasdaq 100 futures up 0.3%. Korea’s Kospi jumped 4%, with Samsung and SK Hynix both up about 6%.
The bigger event lands at 8:30am ET, when July CPI is expected to show headline inflation easing to 3.4% from 3.5%.
It’s the first inflation read since the weak jobs report cut September rate-hike odds to about 36%, and a soft print would firm the case for the Fed to hold.
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Metaplanet shifted 3,881 BTC, worth about $247 million, across several transactions over three hours on Wednesday, per Arkham data.
The move went from the company’s cold wallets to new addresses it also controls, not to an exchange.
Transfers to fresh self-custody wallets don’t add to tradable supply the way deposits to an exchange do, so on their own they aren’t selling.
Metaplanet has done this before. It moved nearly 5,000 BTC in March in the same pattern, test transactions followed by larger amounts into new wallets, and analysts then read it as internal custody reshuffling rather than distribution. Nothing in Wednesday’s on-chain data points anywhere different.
Metaplanet bought its roughly 43,000 BTC at an average of about $96,000, so with bitcoin near $63,600 the company is sitting on an unrealized loss of about $1.4 billion, down 34%.
Metaplanet has been one of the most aggressive corporate buyers since April 2024, with a stated target of 210,000 BTC.
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Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.