Metaplanet defended its executive compensation structure against dilution concerns, while Capital B expanded its corporate treasury by purchasing 376 Bitcoin. Meanwhile, Ethereum developers narrowed down proposals for their next major upgrade, and Polish prosecutors filed charges related to missing funds at Zondacrypto.
01Company specific
Metaplanet CEO Addresses Shareholders Amid Unresolved Questions
Indexing executive stock reward pools to total equity issued to fund bitcoin purchases rewards management for diluting existing shareholders to expand balance sheet assets.
coindesk.com reports that Metaplanet CEO Simon Gerovich addressed shareholder criticism regarding the company's executive compensation plan and its ties to MMXX Ventures. The controversy centers on the Series 10 Stock Rights program, which tied a 20 percent reward pool of fully diluted share to the company's issuance. As Metaplanet issued new stock to fund its strategy, existing shareholders faced dilution while the executive pool expanded. Although Metaplanet froze the reward pool at approximately 320 million shares in August and imposed a five-year lock-up, the company did not roll back the pool to its pre-pivot size. Gerovich exercised 92,000 Series 10 rights to receive 64 million new shares, bringing his total holding to 79,587,500 common shares or about 6.2 percent of the total. Metaplanet shares fell 7 percent following the continued scrutiny.
Metaplanet Stock and Index Performance YTD (%)
Metaplanet shares dropped 43 percent this year while the Nikkei gained.
Ethereum Foundation Names Key EIPs for Hegotá Upgrade
Embedding censorship resistance directly into the protocol shifts transaction inclusion power away from centralized block builders, removing a primary MEV extraction choke point for network validators.
cointelegraph.com reports that the Ethereum Foundation has identified two must-ship proposals for the Hegotá upgrade, prioritizing censorship resistance and more flexible account authentication. The ranking evaluated 62 proposed Ethereum Improvement Proposals, drawing on input from roughly 60 researchers and engineers across the Foundation's Protocol cluster. The two headliners are EIP-7805, known as FOCIL, and EIP-8141, or Frame Transactions. FOCIL gives users a path to include eligible transactions without relying on centralized block builders. Frame Transactions introduces native account abstraction and creates a path toward post-quantum authentication. The Foundation placed 15 proposals in its A-tier, while eight remain candidates, seven sit below the line, and 28 were declined. Client teams could begin implementing Hegotá in late 2026 following the Glamsterdam upgrade.
EIP Status Breakdown for Hegotá Upgrade (Count)
The Foundation declined 28 proposals while placing 15 in A-tier.
Coldcard Attacker Moves 45% of Stolen Bitcoin Worth $7.7 Million
Laundering funds through decentralized exchanges directly challenges the security thesis of hardware wallets, proving that self-custody protocol flaws expose investors to irreversible settlement risk.
The exploiter behind the third wave of the Coldcard hardware wallet hack moved 97.09 worth $7.7 million, representing about 45 percent of the haul from that attack. Galaxy Research reported that the hacker routed the stolen funds through decentralized exchange THORChain and into CoinJoin transactions to obscure the trail. The attacker drained the 11 largest vaults from the third wave, emptying them in descending order of size out of 293 total two-of-two multisignature vaults created to hold victims' coins. Across all waves of the exploit, roughly 18 percent of the total stolen bitcoin has moved for apparent laundering purposes, while 82 percent remains in original attacker-controlled addresses. Coinkite released fixed firmware following the July 30 exploit of a seed generation flaw, though affected users must generate new seeds and manually move their funds.
Polish Prosecutors Charge Suspect in Zondacrypto Investigation
Rebranding a distressed cryptocurrency exchange and seeking offshore entity bankruptcy fails to extinguish legacy criminal liabilities for missing client assets.
Cointelegraph reports that Polish prosecutors have charged an individual identified as Romana Ż. with participating in an organized criminal group and misappropriating 7.8 million zlotys in user funds from exchange Zondacrypto. Prosecutors requested that the Katowice-Wschod District Court place the suspect in pretrial detention to prevent flight or interference with the ongoing probe. The suspect was detained on September 5 and denied the charges during questioning. Three other individuals detained on September 2 face related allegations including money laundering and misappropriation, with a court ordering them held for up to three months. Prosecutors estimate total losses connected to Zondacrypto at no less than 350 million zlotys. The investigation was merged in July with a separate probe into the 2022 disappearance of BitBay founder Sylwester Suszek, whose platform was later rebranded as Zondacrypto. Meanwhile, the exchange's Estonian operator, BB Trade Estonia, was declared bankrupt in August ahead of a creditors meeting scheduled for September 17.
Zondacrypto Investigation Losses (Million Zlotys)
Estimated losses reach at least 350 million zlotys against 7.8 million in charges.
Bitcoin Fund Flows Reflect Fed Rate Expectations, Says CoinShares
Capital flows turning on Federal Reserve rhetoric demonstrates how crypto fund allocations now function primarily as a macro interest-rate proxy rather than a sector-specific bet.
cointelegraph.com reports that digital fund flows are tracking US interest-rate expectations rather than signaling an exit from the market, according to CoinShares. faces a ceiling around $80,000 as policy dictates near-term momentum. Roughly $100 million exited digital asset products immediately after a speech by Federal Reserve official Kevin Warsh at Jackson Hole, while markets priced in a September . Flows reversed over the following week to reach $1 billion by September 4 following comments from Fed Governor Christopher Waller. Fed Funds prices implied a roughly 60 percent chance of a rate hike following the Federal Open Market Committee meeting, with markets pricing in a 25 basis-point increase for September 16.
Digital Asset Fund Flows ($M)
Flows swung by 1 billion dollars following shifting Fed rate signals.
Capital B Buys $29M in Bitcoin, Expanding Treasury Holdings
Capital B's capital raise proves European asset managers and institutional custodians now provide the turnkey infrastructure required for continental firms to execute corporate Bitcoin treasury strategies.
B acquired 376 for $29.5 million, raising its total reserves to 3,521 BTC. According to cointelegraph.com, the French company funded the purchase through a 35 million euro capital raise that included backing from Adam Back and TOBAM. Swissquote Bank Europe executed the transaction while Taurus handled custody. The company paid an average of 67,182 euros per token, lifting its cumulative deployment to 309.4 million euros. This latest accumulation places Capital B 25th among publicly traded corporate holders worldwide.
Tying token supply destruction to partisan election outcomes and targeted airdrops to a rival coin's bagholders turns memecoins into explicit, financialized political campaign instruments.
coindesk.com reports that Hunter Biden is launching a memecoin called LAPTOP on Base on Sept. 9. The token features a total supply of 1 billion, with founders holding a 30% allocation that remains locked for six months and vests over two years. Another 20% of the supply is designated for airdrops to wallets that lost money on the TRUMP token, Biden's Substack subscribers, and a mailing list operated by video journalist Andrew Callaghan. A further 30% of the token supply is earmarked for burning if 30 specified political and market outcomes occur, such as a Democratic win in the 2028 election or LAPTOP surpassing TRUMP in . TRUMP previously reached a $15 billion market cap at its 2025 launch before dropping to $2, sitting at a $600 million at the time of writing.
Institutional accumulation and network development continue despite ongoing security breaches and regulatory scrutiny. The market must now see whether Federal Reserve policy shifts will sustain recent capital inflows or trigger fresh outflows across digital asset products.
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