Crypto News Today: Metaplanet Takes 93.7% Stake in Super League, USD1 Loses $400M

Japanese Bitcoin treasury company Metaplanet received shareholder approval from Nasdaq-listed Super League to acquire a 93.7% ownership stake in exchange for 2,100 BTC and $2.5 million in cash. Under the agreement, Metaplanet will receive nearly 45 million common shares, preferred stock with governance rights, and warrants for additional purchases. The deal grants Metaplanet control of Super League's board and major corporate decisions, with the company planning to rebrand as Superplanet and trade under the ticker SUPA. This acquisition gives Metaplanet access to US dollar-denominated capital markets, supplementing its Japan-based fundraising activities, with up to $210 million in potential additional investment through junior preferred shares. Metaplanet currently holds 44,000 BTC, making it the second-largest publicly traded corporate Bitcoin holder behind Strategy.

World Liberty Financial's USD1 stablecoin lost over $400 million in market capitalization over two weeks, driven by large redemptions on Ethereum and BNB Chain. According to CoinGecko data, USD1's market cap fell to approximately $4.02 billion on Monday, down from $4.43 billion on October 6—a decline of roughly 9.1%. World Liberty Financial's proof-of-reserves dashboard separately confirmed approximately $4.01 billion in reserves. Blockchain research firm Onchain Benchmark reported that nearly $200 million in BNB Chain redemptions originated from a single unidentified address, highlighting concentrated activity behind the selloff.

Layer-1 blockchain Qubic halted its network after an attacker stole roughly $1.4 million from more than 1,400 wallets. The incident adds to a growing list of security breaches targeting blockchain ecosystems in 2026, underscoring persistent vulnerabilities in layer-1 infrastructure. The shutdown reflects an ongoing challenge for emerging networks balancing decentralization with robust security protocols.