Japan’s Finance Minister Says Crypto Assets Can be Part of Diversified Portfolio
Kato’s remarks come amid concerns over Japan’s high debt-to-GDP ratio and the potential for financial repression and yen depreciation.
Japan
Eric Trump Makes Bitcoin Price Predictions as He Reportedly Gets Ready to Visit Metaplanet
Eric Trump says he’s a “bitcoin maxi” and sees BTC hitting $175K this year, as reports point to new ventures in Japan and Hong Kong.
Japan’s 10-year Bond Yield Hits Highest Since 2008 in Potential Ill Omen for Risk Assets
The hardening of the yield follows a dismal bond auction that saw below-average demand for 20-year government debt.
Yen Rises Against Bitcoin, Dollar as Scott Bessent Predicts Bank of Japan Rate Hike
The yen is no longer the most attractive funding currency, and the currency’s strength may not necessarily lead to broad-based risk aversion, one expert said.
Metaplanet Buys 1,111 Bitcoin for $117M, Pushes Total Holdings to Over 11K BTC
The firm’s latest batch of buys was made at an average buying price of over $105,000 per bitcoin.
Japan Mulls Reclassifying Crypto as a ‘Financial Product’ to Curb Insider Trading: Report
Cryptocurrencies are currently categorized as a “means of settlement” under the Payment Services Act, a designation that has governed their use primarily as a payment tool rather than as investment vehicles.
Circle to Launch USDC in Japan on March 26 With SBI Partnership
Circle and SBI got the green light to launch USDC in the country earlier this month.
Bitcoin Price Little Changed as Bank of Japan Keeps Interest Rate Steady
The BOJ decision to hold rates steady keeps Japanese bond yields in check, limiting pressure on bitcoin’s price.
Circle’s USDC to be First USD Stablecoin in Japan
SBI VC Trade will be the first to list Circle’s stablecoin under the country’s new payments framework.
Japan’s Metaplanet Buys Another $6.7M Worth of Bitcoin
Metaplanet bought around 108.8 BTC at an average price of just under 9.2 million yen per coin.