Bitcoin buyers with long-term 'conviction' surges 300% with most recent buyers sitting on profits

Metaplanet, Japan's largest corporate bitcoin holder with 40,177 BTC, delays its perpetual preferred share listing due to regulatory constraints. Japan's underdeveloped preferred equity market and exchange requirements for stable recurring cash flows complicate the launch. The company's monthly dividend proposal is unprecedented locally, where annual or semiannual payouts dominate. Metaplanet shares fell 25% year-to-date despite strong earnings growth.

UK parliament launched a formal investigation into Reform UK leader Nigel Farage's failure to declare a £5 million ($6.8 million) donation from crypto billionaire Christopher Harborne. Farage claims the gift, covering security costs, was exempt from disclosure rules—a position Labour disputes. The probe could result in parliamentary suspension if violations are found, threatening his frontrunner status for prime minister.

Bitcoin slipped below $80,000 after April core PPI surged 1% month-over-month, the steepest reading since March 2022, crushing Fed rate-cut expectations. The inflation beat raised rate-hike odds to 30% from 15% weekly. Bitcoin ETF flows turned negative with $233 million in outflows May 12. Analysts see $80,000 as critical support; a break could trigger retests toward $75,000 amid macro headwinds.