The main culprit for the cryptocurrency market’s plunge last weekend was Japan’s yen interest rate hike
Why did the crypto market lose 15% of its value in one weekend? Thank the Bank of Japan for playing a starring role.
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تحليل سوق العملات… صعود الدولار وتراجع الين اليابانى
07/08/2024 21:30
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How the Japanese Yen's interest rate hike backstabs cryptocurrencies: logical analysis and deduction
Abenomics and Japan's long-term negative interest rate environment have made the yen an important global financing and carry asset.
JinseFinanceWhy did the Japanese stock market continue to collapse when the yen rose so sharply?
Bad news came one after another, Japan and South Korea collapsed across the board, and the US futures market also collapsed.
JinseFinanceAsia's MicroStrategy "Metaplanet" buys another 200 million yen in Bitcoin, and Japanese companies are rushing into the cryptocurrency market
Metaplanet, often referred to as the "MicroStrategy of Asia," has acquired an additional 20.2 Bitcoin (BTC) worth approximately 200 million yen (about $1.2 million). This is the company's fourth Bitcoin purchase in four months. With this latest purchase, Metaplanet's total Bitcoin holdings have reached 161.27 BTC, valued at over 1.6 billion yen (over $10 million).
ZeZhengArthur 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?
JinseFinanceThe yen collapsed: Japanese listed companies turned to Bitcoin for hedging
Metaplanet, 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.
JinseFinanceJapan's Intervention Imminent as Yen Plummets, USD/JPY Surges to 34-Year High
Japanese 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 LinJapanese Web3 security company KEKKAI completes 230 million yen in seed round financing
Prior 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.
JinseFinanceWhat You Need to Know About Japanese Yen-Pegged Stablecoin – GYEN
Within 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.
JoyJapan's Central Bank to Issue Experimental Digital Yen in Early 2023
Several banks will stress test a digital yen for more than two years.
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