SBI Backs Morpho's $175M Raise as Metaplanet Tops 40,177 BTC, US Weighs Tax Bills

Crypto News

Japan's SBI Holdings has joined a $175 million funding round for Morpho, the protocol building an on-chain credit network, in one of the largest DeFi(分散型金融)とは?完全ガイド raises to date. The company's individual contribution was not disclosed, but the round positions SBI alongside Morpho's existing institutional base. The network now holds more than $11 billion in deposited assets and is used by exchanges including Coinbase, Kraken and Binance. SBI framed the investment as part of its push to merge traditional finance with next-generation digital infrastructure, coming the same month it aims to issue JPYSC, Japan's first trust-bank-issued yen stablecoin.

Metaplanet's chief executive Simon Gerovich confirmed the firm's ビットコイン(BTC)とは?完全ガイド holdings have reached 40,177 BTC, making it Asia's largest and the world's third-biggest corporate Bitcoin treasury. Gerovich said the balance sheet carries an equity ratio above 85% with low debt, describing the position not as defensive but as a foundation for further growth. He emphasised that the company's Bitcoin income business is already generating substantial revenue. The market reaction was muted: Metaplanet shares closed 5.76% lower at 229 yen in Tokyo on June 10, pressured by Bitcoin's broader price decline weighing on the value of its holdings.

In Washington, the US House Ways and Means Committee held a June 9 legislative hearing on eight separate digital-asset tax measures, aiming to close long-standing gaps in how crypto transactions, staking and reporting are treated. Chairman Jason Smith said unclear tax rules are unacceptable for the more than 60 million Americans who hold crypto, arguing the current burden makes everyday use nearly impossible. He noted that buying a $5 coffee with crypto can trigger two tax filings, with hundreds of millions of 1099-DA forms submitted to the IRS annually. The package included six Republican bills plus Democratic discussion drafts and amendments.

Britain's Financial Conduct Authority opened a proposal that would let authorised retail funds invest up to 10% in crypto exchange-traded notes, part of its 52nd quarterly consultation with a five-week comment window closing July 13. The regulator lifted its ban on selling certain crypto ETNs to retail investors in October 2025 but kept a de facto prohibition on authorised funds; the new plan seeks to align the two. UCITS and NURS structures would gain the 10% allowance, while professional-only QIS schemes face no cap. The FCA said it is not yet considering direct spot crypto holdings, citing custody and framework concerns.

Crypto capital-markets firm GSR completed its acquisition of an SEC-registered broker-dealer after receiving the required regulatory clearance from FINRA, the firm announced on June 9, though the purchase price was undisclosed. The acquired entity, formerly Equilibrium Capital Services, has been renamed GSR Securities and gives the firm a regulated channel to expand support for US institutional clients and capital-raising issuers. The deal continues an active stretch for GSR, which accepted a strategic investment from SC Ventures in May and acquired advisory firms Autonomous and Architech for a combined $57 million in March, deepening its ブロックチェーンとは?完全ガイド services footprint.

Blockchain analytics firm Chainalysis signed a memorandum of understanding with the Korean National Police Agency to strengthen cooperation on crypto crime investigations, the company said on June 9. The agreement responds to escalating threats from North Korea-linked attackers, who stole more than $2 billion in digital assets last year alone and roughly $5.5 billion over the past five years. Under the MOU, KNPA officers gain access to Chainalysis Academy training and its tiered certification program. The partnership builds on prior results: in September 2025, Seoul's metropolitan police used the firm's platform to dismantle an international hacking group that had stolen about 39 billion won in crypto.

Taken together, these developments trace a single arc: institutional and regulatory infrastructure is hardening around digital assets even as price sentiment collapses. COINOTAG's aggregate market data underscores the disconnect, with the Fear & Greed Index pinned at 9, deep in Extreme Fear, Bitcoin dominance elevated at 70.2% and total market capitalisation near $1.77 trillion. The dominance reading signals capital retreating from アルトコイン(Altcoin)とは?完全ガイド risk toward Bitcoin during this 弱気相場(ベアマーケット)とは?完全ガイド. Recent spot Bitcoin ETF data showing roughly $1.72 billion in weekly outflows reflects a sentiment shock, not a structural break, leaving builders advancing while traders retreat.