Metaplanet CEO Responds to Shareholder Criticism; JPYC Circulation Falls About 600 Million Yen in a Week

โดย NADA NEWS·JPUS·Read original
Summary · why it matters

Simon Gerovich, CEO of Metaplanet, said in a post on X on September 6 that the company is continuing to review its compensation and governance policies, and, in response to questions and criticism from shareholders, he again explained the intent behind management decisions and the company's efforts toward long-term shareholder value. One of the points of debate over the compensation system is the dilution of shares through the 10th stock acquisition rights for officers and employees. The circulation of the Japanese yen stablecoin JPYC continues to decline, and according to the on-chain data aggregation site JPYC Info, it fell from about 2.708 billion JPYC on August 30 to about 2.097 billion JPYC on September 6, a decrease of about 600 million yen in value over one week. Asset Management One, an asset management company under the Mizuho group, has hired analyst Yoshifumi Nishiyama with an eye toward crypto asset ETFs, and he announced his joining the company on his social media on September 7. The National Sheriffs' Association, a U.S. law enforcement organization, said in a letter on September 3 that it was withdrawing its opposition to the Clarity Act, which defines the market structure for crypto assets, and shifting to a neutral stance. On September 11, the Financial Services Agency issued a warning to Bit Hills, which operates the crypto asset collateralized loan CryptoPawn, saying it was conducting a money lending business without registration.

Impact on assets 3

Digital Finance & Tokenization▲ · 1 stocks
Metaplanet Inc.
3350
± MixedCapitalrelevance

CEO Gerovich addressed shareholder criticism over compensation and share dilution from the 10th stock acquisition rights, a governance/capital issue with unclear net impact.

Financials▲ · 1 stocks
Mizuho Financial Group, Inc.
8411
▲ PositiveCapitalrelevance

Mizuho-group asset manager Asset Management One hired an analyst with an eye toward crypto asset ETFs, expanding its crypto investment capabilities.

Others▼ · 1 stocks
₿JPYC
JPYC-USD
▼ NegativeDemandrelevance

JPYC stablecoin circulation fell about 600 million yen in a week, indicating shrinking demand/usage of the token.

Theme Impact 4

Off-coverage companies 1

Bit Hills Inc.Private▼ Negative
Regulationrelevance

Japan's Financial Services Agency warned Bit Hills for operating a money lending business without registration.

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USDT · Regulation · Negative US Senate PSI report says Tether failed to freeze 34 of 39 Israel-designated Iran/Hezbollah-linked wallets, letting over $34.6M in USDT flow out, and calls for stricter stablecoin monitoring.
Tether · Regulation · Negative US Senate PSI report says Tether failed to freeze 34 of 39 Israel-designated Iran/Hezbollah-linked wallets, letting over $34.6M in USDT flow out, and calls for stricter stablecoin monitoring.
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SOFI · Technology · Positive SoFi migrated its entire $25B card portfolio to its own bank-issued stablecoin SoFiUSD, an operational blockchain-payments development tied to its Big Business Banking platform.
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Utexo · Regulation · Positive Utexo obtained a commercial license covering USDT issuance and Tether trademark use, enabling its planned October launch.
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