- VisionSys AI committed $2B to Solana, lifting its treasury presence past $3B and boosting institutional credibility.
- Metaplanet acquired 5,268 BTC, raising its total to 30,823 BTC and becoming the fourth-largest public Bitcoin holder.
- BNB Chain’s X account was hacked in a phishing attack, with $8K stolen before recovery and reimbursement.
Crypto markets lit up over the past 24 hours with bold institutional bets, massive corporate holdings, and an unexpected security breach. The day delivered a mix of bullish momentum and sharp reminders of ongoing risks. So, let us take a closer look at the biggest stories shaping today’s market.
Solana Lands $2B Treasury Power Play
VisionSys AI made headlines with a monumental $2B commitment to Solana, marking one of the largest treasury allocations the network has ever seen. The rollout begins with $500M in staking over the next six months, executed through Marinade, Solana’s biggest staking operator with $2.2B locked in the ecosystem.
This strategic bet pushes Solana treasury holdings past $3B, signaling a wave of capital flowing outside Bitcoin. As traditional firms diversify into alternative blockchains, Solana is positioning itself as a serious contender for institutional adoption.
Metaplanet Joins Bitcoin’s Heavyweights
Metaplanet, the Japanese investment firm, cemented its place among the giants by acquiring 5,268 BTC worth $600M, bringing its total holdings to 30,823 BTC valued at $3.6B. This leap moves the company into the fourth spot on the global corporate leaderboard of Bitcoin holders, a club previously dominated by US firms.
The strategy has delivered results, with the firm’s Bitcoin Yield once soaring to 309 percent in 2024 before stabilizing at 33 percent this year. Public companies now control more than 1M BTC worth $116B, reflecting the expanding role of digital assets in treasury management.
BNB Chain Breach Exposes Ongoing Risks
BNB Chain’s official X account was hacked in a phishing attack that targeted nearly 4M followers with malicious links. Security experts traced the exploit to the Inferno Drainer group, a notorious operator behind wallet-draining scams across the crypto landscape. About $8,000 was stolen before the account was secured, and BNB Chain quickly pledged to reimburse affected users.
Although the financial impact was relatively small, the breach is a reminder that security vulnerabilities remain a pressing issue for even the largest networks. It underscores the importance of vigilance as bad actors continue to evolve their methods to exploit market enthusiasm and high-profile platforms.
Final Thoughts
Overall, from Solana’s treasury surge to Metaplanet’s bold Bitcoin expansion, the market is charging forward at a rapid pace. Still, events like the BNB Chain breach highlight that resilience and caution remain just as crucial as momentum.
