Bitcoin treasury push reaches Thailand as Metaplanet-backed group moves to acquire DV8
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Daily top performer — Sui Network (SUI)
The S&P 500 hit a record high Thursday, gaining 0.83%, after strong jobs data boosted sentiment despite lower odds of a July rate cut. Gold dropped to $3,332 as strong US jobs data boosted the dollar and cut Fed rate cut expectations. The Coindesk Indices, which tracks the broader crypto market, rose 0.41%, with Bitcoin and Ether up 0.08% and 0.19%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is SUI, up 4.4% after SEGA and GATCHAMAN partner with Sui to launch playable NFT cards in Code of Joker: Evolutions.
Sui Network (SUI), founded in 2022, is a Layer 1 blockchain by Mysten Labs, built to improve web3 scalability, speed, and security. It aims to reduce smart contract latency and support innovative NFT gaming, like Sui Monstar, with a developer-friendly environment. SEGA’s Code of Joker: Evolutions is teaming up with the iconic GATCHAMAN series and Sui Network to launch Project J — a new wave of playable GATCHAMAN NFT cards integrated directly into the CoJ:E game. Whitelist access is now open.
Check out the latest prices, charts, and data of SUIUSDT perp and SUI/USDT spot contracts!
Talk of the town
A consortium led by Metaplanet backers, including UTXO, Sora Ventures, Kliff Capital, and AsiaStrategy, is seeking to acquire Thai-listed firm DV8 via a tender offer to expand Bitcoin treasury strategies into Southeast Asia. The move mirrors Metaplanet’s Bitcoin-on-balance-sheet approach, but experts warn that undercapitalized firms using BTC as a financial lifeline may face systemic risk. Critics argue such pivots can signal either strategic conviction or short-term hype, depending on execution and financial stability.
Bitcoin spot ETF flows
Category | Flow (millions) |
GBTC | 0.0 |
Non-GBTC | 377.3 |
Total | 377.3 |
Yesterday, BTC spot ETFs saw $377.3 million in net inflows, all from non-GBTC funds, while GBTC recorded no flow.
Check out the latest prices, charts, and data of BTCUSDT perp and BTC/USDT spot contracts!
Airdrop to watch
GAIB is launching a free mint for its Fremen Essence NFT in two phases: one for top depositors and another on a first-come-first-served basis. An additional giveaway offers 8 guaranteed whitelist spots. Minting is free, with only gas fees required.