Metaplanet has unveiled a new capital initiative aimed at expanding its Bitcoin-based treasury model, confirming the issuance of a fresh class of preferred shares geared toward overseas investors.

Bitcoin traders endured one of the most violent shakeouts of the quarter yesterday, with BTC briefly collapsing to $88,000 after expectations of a Federal Reserve rate cut in December sharply declined.

Bitcoin’s price hasn’t found relief yet, but something underneath the surface has changed.

Bitcoin’s rough week appears to have been less about crypto and more about the global financial plumbing.

Bitcoin is trading around $91,800, up 1% over the last 24 hours but still down 11.3% for the week.

Bitcoin’s drop below the $90,000 level this week has triggered a wave of concern across the digital asset market, and the latest assessment from QCP Capital offers a clearer picture of why the decline escalated so rapidly.

The mood across the crypto market has flipped dramatically, and Bitcoin’s latest slump has triggered a chorus of predictions that a new bear market has arrived.

Most U.S. states have approached crypto through investment policies or regulatory debates. New Hampshire has taken a different route: it is using Bitcoin to raise capital.

For people who entered crypto in the last couple of years, the recent roller-coaster swings look like a sign that something has gone seriously wrong.