Welcome to Asia Pacific Morning Brief – an essential digest of overnight cryptographic development that shapes regional markets and global sentiment.
Grab some green tea and look at this space. As fidelity supports Metaplanet’s Bitcoin strategy, the facility’s crypto adoption accelerates, with Henry Chang earning Wemix’s legal proof, and Sharplink accumulates the position of Ethereum Treasury, the world’s largest company.
Fidelity subsidiary will become the top shareholder of Metaplanet
National Financial Services, a wholly owned subsidiary of Fidelity Investments, has acquired 12.9% stake worth 130 billion yen as of June 30th, and has emerged as Metaplanet Corporation’s largest shareholder. This strategic positioning by Fidelity’s securities division shows an expansion of the institutional appetite for Bitcoin neighboring stock exposure.
Metaplanet, known as the “Micro Strategy of Asia,” has raised over 150 billion yen this year to expand Bitcoin Holdings, and recently added 797 BTC to reach a total of 16,352 Bitcoin. The company currently ranks fifth in the world among publicly available Bitcoin holders, with a total acquisition of 239.6 billion yen, generating approximately 47 billion yen with unrealized profits at the current valuation of 291.2 billion yen.
This institutional support reflects the evolving digital asset recognition among traditional financial giants.
Former Wemad CEO Henry Chang has been acquitted in Wemix incident
The Southern District Court of Seoul has issued an innocent verdict against former Wemad CEO and current Nexus chief Henry Chan on violations of capital markets laws in relation to the Wemix Token liquidation statement. The court found that insufficient evidence tied Wemix’s price movement to Wemade Stock Performance.
Judge Kim Sang-yong emphasized, “Wemix pricing and Wemaid stocks don’t necessarily move together.”
The ruling highlights the fundamental differences between Wemix Tokens and Wemade stocks, focusing on a clear legal framework, issuing entities and trading mechanisms. External factors such as global gaming performance and increased liquidity have better explained Wemade’s stock price.
Wemix trades around 7% higher at press time on global exchanges including Bybit, Bitget, Mexc and gate.io despite exclusion from the Korean platform. This first intervention verdict awaits potential prosecutor appeal after a judgment analysis.
Sharplink Games become the world’s largest ETH company holder
NASDAQ-registered Sharplink Gaming (SBET) has emerged as the world’s largest Ethereum holder, surpassing the Ethereum Foundation at 280,706 ETH as of July 13th. The company acquired 74,656 ETH at a weighted average price of $2,852 between July 7 and 13th, funding through a $413 million share gain.
Sharplink strategically allocates 99.7% of its holdings to staking protocols, generating 415 ETH in compensation since implementing its financial strategy in June. Additional unreported purchases via Coinbase Prime expanded holdings to approximately 294,000 ETH with an average acquisition cost of $2,695.
The aggressive accumulation strategy has generated approximately $92 million in unrealized profits at current market prices, while $257 million of uninvested capital is serving as the company for continued expansion. Sharplink shares have skyrocketed 116% over the past month, earning an additional 21.31% on Tuesday.
Mori Kiyoshi and Paul Kim contributed.
