Arthur Hayes: Why a weak yen could push BTC to $1 million
Why is the USD/JPY exchange rate the most important global economic variable? What impact will it have on the crypto market?
JinseFinanceWhy is the USD/JPY exchange rate the most important global economic variable? What impact will it have on the crypto market?
JinseFinanceMetaplanet, a Japanese listed company, announced that due to the high level of government debt, long-term negative real interest rates and the depreciation of the yen, Metaplanet will use Bitcoin as its company's strategic reserve asset in response to Japan's severe economic situation.
JinseFinanceJapanese authorities intervene as USD/JPY surpasses 160, yen stabilizes around 154.5. BOJ faces dilemma: intervene or raise rates? Debt-to-GDP ratio exceeds 260%. Yen's decline may impact global currencies, Fed's stance crucial.
Xu LinReports suggest Japanese authorities may intervene, causing the yen to surge dramatically. Gold attempts to rebound from its lows, while Bitcoin faces a sharp decline despite favorable news regarding the Hong Kong Bitcoin spot ETF, dropping close to $62,000.
SanyaGolden Finance launches the 2253rd issue of the cryptocurrency and blockchain industry morning report "Golden Morning 8:00" to provide you with the latest and fastest digital currency and blockchain industry news.
JinseFinancePrior to this round of financing, the company completed a Pre-seed round of financing in February 2023, with the investor being Japanese local VC Skyland Ventures.
JinseFinanceWithin the ever-evolving cryptocurrency landscape, GYEN crypto emerges as a significant innovation reshaping decentralised finance. Developed by GYEN Labs and launched in 2018, this stablecoin operates on the Ethereum blockchain, offering users a secure alternative for financial transactions, bypassing the traditional banking system.
JoyLast month, the National Tax Agency (NTA) in Japan introduced adjustments to corporate tax rules to exempt firms from year-end unrealized gains taxation on cryptocurrencies they issued.
Coinlive Reported by Reuters on July 20, this move aligns with the increasing global trend among central banks to delve into the development of digital versions of their currencies for retail use.
Coinlive Several banks will stress test a digital yen for more than two years.
Others