South Korea · Hong Kong · Gemini · Circle · India · Bitcoin · Cointelegraph
Metaplanet equity backlash, SE Asia crypto funding doubles: Asia Express
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Shareholders of Bitcoin treasury company Metaplanet are seething over equity allocations for insiders, while new figures cement Singapore’s role as the top Asian crypto hub.
Key facts
- South Korea’s National Assembly Budget Office says that won-denominated stablecoins could reduce South Korean merchants’ annual payment fees by between $275 million and $3.8 billion annually
- Investment in south east asian crypto firms doubled between 2025 and 2026, with the region recording 25 funding rounds worth $680 million in 2026
- USDC issuer Circle has agreed to pay $400 million to acquire Singapore based cross border payments company Tazapay, which has more than 60 bank and fintech partners across 100 different markets
- The US Justice Department said its Scam Center Strike Force seized two wallets used by Xinbi to collect vendor payments containing about $12 million
Summary
Japanese Bitcoin treasury company Metaplanet’s executive stock pool continues to draw shareholder backlash over stock dilution concerns. Multiple shareholders objected across social media to Metaplanet’s 10th Series executive option pool, which was designed as 20% of fully diluted shares and automatically expanded as the company issued new shares to fund its Bitcoin (BTC) accumulation. Some shareholders are now asking Metaplanet to cancel the additional 273 million shares created from the changes and to provide more transparency on future decisions. Bitcoin Magazine CEO David Bailey defended Metaplanet and said that giving the team 20% of the cap table over five years “isn’t some crazy number” but many shareholders disagree.