JapanEconomy
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Japanese crypto exchange raises $320M to recover funds after major hack
A leading Japanese cryptocurrency exchange has successfully raised $320 million in a significant effort to recover funds lost in a recent major hack. This financial boost comes as a vital lifeline for the exchange, which experienced a security breach that resulted in the loss of a substantial amount of digital assets. The hack, one of the most severe in the exchange's history, sent shockwaves through the crypto community and raised concerns about the security protocols of cryptocurrency platforms.
The exchange has pledged to use the newly acquired funds to not only reimburse affected users but also to enhance its security infrastructure. This move aims to restore trust among its user base and the broader crypto market. The raised capital will be allocated towards implementing advanced security measures, including multi-signature wallets, enhanced encryption protocols, and comprehensive risk management systems. These measures are designed to prevent future breaches and fortify the platform against potential cyber threats.
In addition to bolstering security, the exchange is also focusing on regulatory compliance, working closely with Japanese financial authorities to ensure adherence to stringent security standards. This collaborative approach with regulators is seen as a step towards fostering a safer and more resilient crypto trading environment in Japan. The successful fundraise underscores the exchange’s commitment to recovery and security, signaling a robust comeback in the wake of adversity.
$BTC #btc70k #BlackRock #JapanEconomy #BnbAth #BlackRock
A leading Japanese cryptocurrency exchange has successfully raised $320 million in a significant effort to recover funds lost in a recent major hack. This financial boost comes as a vital lifeline for the exchange, which experienced a security breach that resulted in the loss of a substantial amount of digital assets. The hack, one of the most severe in the exchange's history, sent shockwaves through the crypto community and raised concerns about the security protocols of cryptocurrency platforms.
The exchange has pledged to use the newly acquired funds to not only reimburse affected users but also to enhance its security infrastructure. This move aims to restore trust among its user base and the broader crypto market. The raised capital will be allocated towards implementing advanced security measures, including multi-signature wallets, enhanced encryption protocols, and comprehensive risk management systems. These measures are designed to prevent future breaches and fortify the platform against potential cyber threats.
In addition to bolstering security, the exchange is also focusing on regulatory compliance, working closely with Japanese financial authorities to ensure adherence to stringent security standards. This collaborative approach with regulators is seen as a step towards fostering a safer and more resilient crypto trading environment in Japan. The successful fundraise underscores the exchange’s commitment to recovery and security, signaling a robust comeback in the wake of adversity.
$BTC #btc70k #BlackRock #JapanEconomy #BnbAth #BlackRock
SONY LAUNCH NEW $BTC EXCHANGE
$105 BILLION ELECTRONICS GIANT SONY TO LAUNCH NEW BITCOIN EXCHANGE.
Sony Group acquired Amber Japan and is relaunching it as the S.BLOX Bitcoin and crypto exchange, marking Sony's expansion into the Bitcoin space.
Sony Group is preparing to launch a Bitcoin and crypto exchange in Japan after acquiring Amber Group's local subsidiary, Amber Japan. The revamped exchange will be called S.BLOX and aim to boost Sony's presence in the Bitcoin and crypto space.
Sony purchased Amber #japan in 2023 through its subsidiary Quetta Web. Amber Japan was originally known as DeCurret before Singapore-based Amber Group took over the Japanese exchange in 2022.
$BTC
Sony has rebranded its acquired exchange as S.BLOX and plans to upgrade its user interface and mobile app significantly. The exact launch date remains unannounced.
The move reflects Sony's growing push into Bitcoin and crypto. By leveraging the Amber Japan exchange, Sony can capitalize on its brand recognition and global reach to boost the adoption of its future Bitcoin and crypto offerings.
Japan has emerged as a leading Bitcoin market due to proactive regulation and high consumer awareness. This makes it an ideal place for Sony to debut and expand services.
Major corporations like Sony embracing Bitcoin and crypto signal wider mainstream momentum. Sony's past acquisitions of companies like CBS Records and Columbia Pictures transformed it from an electronics firm into a global media titan. Its latest acquisition could spark a similar evolution for $BTC
#US_Inflation_Easing_Alert
#US_Inflation_Easing_Alert
#JapanEconomy
#sonyexchange
$105 BILLION ELECTRONICS GIANT SONY TO LAUNCH NEW BITCOIN EXCHANGE.
Sony Group acquired Amber Japan and is relaunching it as the S.BLOX Bitcoin and crypto exchange, marking Sony's expansion into the Bitcoin space.
Sony Group is preparing to launch a Bitcoin and crypto exchange in Japan after acquiring Amber Group's local subsidiary, Amber Japan. The revamped exchange will be called S.BLOX and aim to boost Sony's presence in the Bitcoin and crypto space.
Sony purchased Amber #japan in 2023 through its subsidiary Quetta Web. Amber Japan was originally known as DeCurret before Singapore-based Amber Group took over the Japanese exchange in 2022.
$BTC
Sony has rebranded its acquired exchange as S.BLOX and plans to upgrade its user interface and mobile app significantly. The exact launch date remains unannounced.
The move reflects Sony's growing push into Bitcoin and crypto. By leveraging the Amber Japan exchange, Sony can capitalize on its brand recognition and global reach to boost the adoption of its future Bitcoin and crypto offerings.
Japan has emerged as a leading Bitcoin market due to proactive regulation and high consumer awareness. This makes it an ideal place for Sony to debut and expand services.
Major corporations like Sony embracing Bitcoin and crypto signal wider mainstream momentum. Sony's past acquisitions of companies like CBS Records and Columbia Pictures transformed it from an electronics firm into a global media titan. Its latest acquisition could spark a similar evolution for $BTC
#US_Inflation_Easing_Alert
#US_Inflation_Easing_Alert
#JapanEconomy
#sonyexchange
The reason $BTC and cryptocurrency crashed is because the Japanese yen has fallen, which happened due to an increase in interest rates.
#JapanEconomy #Write2Earn! #crashed #crashmarket
#JapanEconomy #Write2Earn! #crashed #crashmarket
🇯🇵 Japanese Stocks explode higher and are on track for biggest gain since October 2008 .
#JapanEconomy #JapaneseInvestors
#MarketDownturn
$SOL
$ETH
#JapanEconomy #JapaneseInvestors
#MarketDownturn
$SOL
$ETH
Metaplanet, a Japanese investment firm, plans to raise ¥10.08 billion (about $70 million) through stock acquisition rights to increase its Bitcoin holdings. This marks a strategic shift from the hotel industry to cryptocurrency investments, aiming to hedge against currency depreciation and economic instability. The initiative reflects growing interest in digital currencies in Japan. Metaplanet currently holds approximately 246 BTC, valued at $13.4 million.
#Japan #JapanCrypto #JapanEconomy #JapanStockMarket #BTCMarketPanic $BTC $ETH $BNB
#Japan #JapanCrypto #JapanEconomy #JapanStockMarket #BTCMarketPanic $BTC $ETH $BNB
🟢Long
$RVN
Entry : 1485_1516
Targets :
🎯1526
🎯1556
🎯1587
🎯1617
🎯1647
🛑 Stop :1409
Leverage : 5x_10x
#BTCMarketPanic #HamsterKombat #SOFR_Spike
$RVN
Entry : 1485_1516
Targets :
🎯1526
🎯1556
🎯1587
🎯1617
🎯1647
🛑 Stop :1409
Leverage : 5x_10x
#BTCMarketPanic #HamsterKombat #SOFR_Spike
$BTC $ETH $BNB
"Crypto Market in Free Fall: $400 Billion Wiped Out in Hours
The cryptocurrency market is experiencing a brutal sell-off, with a staggering 18.1% drop in the last few hours, resulting in over $400 billion in losses. The carnage has intensified during Asian trading hours, with Japan's Nikkei index plummeting 13% on Monday, August 5, extending its losses to over 20% since its July peak.
According to Coinglass data, crypto market liquidations have surged to $1 billion in the past 24 hours, with $900 million in long liquidations and $106 million in short liquidations, mostly occurring in the last 4 hours.
Bitcoin's price has plummeted over 15%, breaking below $50,500, while altcoins have suffered even deeper corrections, with Ethereum down 20% and other top altcoins losing between 15-20%.
Investors are reeling as the market bleeds, with no clear end in sight to the chaos. Will the crypto market stabilize, or is this just the beginning of a prolonged downturn?"
#BTC_MarketPanic_Dip #JapanEconomy #FreeFall #JapanCrypto
"Crypto Market in Free Fall: $400 Billion Wiped Out in Hours
The cryptocurrency market is experiencing a brutal sell-off, with a staggering 18.1% drop in the last few hours, resulting in over $400 billion in losses. The carnage has intensified during Asian trading hours, with Japan's Nikkei index plummeting 13% on Monday, August 5, extending its losses to over 20% since its July peak.
According to Coinglass data, crypto market liquidations have surged to $1 billion in the past 24 hours, with $900 million in long liquidations and $106 million in short liquidations, mostly occurring in the last 4 hours.
Bitcoin's price has plummeted over 15%, breaking below $50,500, while altcoins have suffered even deeper corrections, with Ethereum down 20% and other top altcoins losing between 15-20%.
Investors are reeling as the market bleeds, with no clear end in sight to the chaos. Will the crypto market stabilize, or is this just the beginning of a prolonged downturn?"
#BTC_MarketPanic_Dip #JapanEconomy #FreeFall #JapanCrypto
Japan Just Woke the Crypto Dragon! Remixpoint Drops $5.5 Million on Bitcoin and More!
Move over, Wall Street, because Japan Inc. is coming for the crypto crown! 👑 Japanese tech giant Remixpoint just sent shockwaves through the cryptosphere, revealing a whopping ¥750 million (that's $5.5 million, folks!) investment in $BTC , $ETH , and more! 🚀
From E-commerce Empire to Crypto Kingdom?
Remixpoint, the name behind Japan's leading e-commerce and financial services, is no stranger to the crypto game. But this latest power move shows they're not just dipping their toes in the water anymore – they're diving in headfirst! 🏊♂️
Bitcoin? Ethereum? Tell Us More!
While the exact recipe of their crypto cocktail remains a secret (for now), Remixpoint confirmed a taste for the classics: Bitcoin, Bitcoin Cash, and Ethereum. Looks like they're betting on long-term players with staying power, not just chasing the latest meme coin hype. Smart move? We think so. 😉
Is Japan the Next Crypto Hotspot?
Remixpoint's crypto splurge comes hot on the heels of Japan's increasingly crypto-friendly stance. With new regulations paving the way for innovation, the Land of the Rising Sun is quickly becoming a crypto magnet. Get ready for a seismic shift in the crypto landscape! 🌎
Why This Matters (and Why You Should Care!)
This isn't just another company buying Bitcoin. This is a major Japanese corporation making a bold statement: crypto is here to stay. Expect a ripple effect across the market, attracting more institutional investors and pushing crypto further into the mainstream. FOMO, anyone? 📈
The Takeaway: Keep Your Eyes on the (Japanese) Prize!
Remixpoint's crypto power move is a wake-up call for anyone sleeping on the global crypto revolution. Japan is officially in the game, and things are about to get interesting. Buckle up, crypto fam, because the future is looking bright (and very, very Japanese)! ☀️🇯🇵
#CryptoNewsCommunity #CryptoNews🚀🔥V #BinanceSriLanka #TheMute #JapanEconomy
From E-commerce Empire to Crypto Kingdom?
Remixpoint, the name behind Japan's leading e-commerce and financial services, is no stranger to the crypto game. But this latest power move shows they're not just dipping their toes in the water anymore – they're diving in headfirst! 🏊♂️
Bitcoin? Ethereum? Tell Us More!
While the exact recipe of their crypto cocktail remains a secret (for now), Remixpoint confirmed a taste for the classics: Bitcoin, Bitcoin Cash, and Ethereum. Looks like they're betting on long-term players with staying power, not just chasing the latest meme coin hype. Smart move? We think so. 😉
Is Japan the Next Crypto Hotspot?
Remixpoint's crypto splurge comes hot on the heels of Japan's increasingly crypto-friendly stance. With new regulations paving the way for innovation, the Land of the Rising Sun is quickly becoming a crypto magnet. Get ready for a seismic shift in the crypto landscape! 🌎
Why This Matters (and Why You Should Care!)
This isn't just another company buying Bitcoin. This is a major Japanese corporation making a bold statement: crypto is here to stay. Expect a ripple effect across the market, attracting more institutional investors and pushing crypto further into the mainstream. FOMO, anyone? 📈
The Takeaway: Keep Your Eyes on the (Japanese) Prize!
Remixpoint's crypto power move is a wake-up call for anyone sleeping on the global crypto revolution. Japan is officially in the game, and things are about to get interesting. Buckle up, crypto fam, because the future is looking bright (and very, very Japanese)! ☀️🇯🇵
#CryptoNewsCommunity #CryptoNews🚀🔥V #BinanceSriLanka #TheMute #JapanEconomy
#Write2earn
Bitcoin's Rollercoaster: Will the Recovery Last?
#MarketDownturn #BitcoinAnalysis #JapanEconomy #Bitcoin
$BTC
After a dramatic plunge on Monday, Bitcoin (BTC) fell to $49,300. By Tuesday, it had bounced back to $56,000. The big question now is: will this recovery continue, or is it the start of a bear market?
Crypto Trading's 24/7 Nature: A Double-Edged Sword
Bitcoin and cryptocurrencies trade 24/7, a significant advantage over traditional markets. However, this non-stop trading also exposed a vulnerability over the weekend.
The Impact of Japan's Interest Rate Hike
Japan's central bank recently raised its interest rate by 25 basis points. This was only the second rate hike since 2007. This increase affected the "Yen carry trade," where hedge funds borrow at low Japanese rates to invest in higher-yielding U.S. assets. The rate hike made this strategy less profitable, causing hedge funds to unwind their positions.
Weekend Sell-off in Cryptocurrencies
With traditional financial markets closed over the weekend, hedge funds needed liquidity to close their carry trades. Cryptocurrencies became the only sellable assets, leading to Bitcoin's crash.
USD/JPY Holds Support Amid Market Turbulence
The USD/JPY pair saw a significant drop, favoring the yen and weakening the dollar. However, it found support around 145 JPY. While the carry trade unwinds, major stock markets are now open, and Monday saw a massive $6 trillion sell-off in traditional assets.
Federal Reserve's Possible Response
There were rumors of an emergency meeting by the Federal Reserve to raise rates immediately. However, this move seems unlikely, as it could be seen as a sign of desperation.
Bitcoin's Strong Bounce
Bitcoin showed a significant recovery from its low of $49,300. Strong support exists between $51,000 and $52,000, stemming from previous bull markets. If BTC ends the week above $55,600, the recovery might continue. Conversely, if it falls below $51,000, the next strong support is between $41,000 and $43,000, with the bull market trend line being the last defense.
Bitcoin's Rollercoaster: Will the Recovery Last?
#MarketDownturn #BitcoinAnalysis #JapanEconomy #Bitcoin
$BTC
After a dramatic plunge on Monday, Bitcoin (BTC) fell to $49,300. By Tuesday, it had bounced back to $56,000. The big question now is: will this recovery continue, or is it the start of a bear market?
Crypto Trading's 24/7 Nature: A Double-Edged Sword
Bitcoin and cryptocurrencies trade 24/7, a significant advantage over traditional markets. However, this non-stop trading also exposed a vulnerability over the weekend.
The Impact of Japan's Interest Rate Hike
Japan's central bank recently raised its interest rate by 25 basis points. This was only the second rate hike since 2007. This increase affected the "Yen carry trade," where hedge funds borrow at low Japanese rates to invest in higher-yielding U.S. assets. The rate hike made this strategy less profitable, causing hedge funds to unwind their positions.
Weekend Sell-off in Cryptocurrencies
With traditional financial markets closed over the weekend, hedge funds needed liquidity to close their carry trades. Cryptocurrencies became the only sellable assets, leading to Bitcoin's crash.
USD/JPY Holds Support Amid Market Turbulence
The USD/JPY pair saw a significant drop, favoring the yen and weakening the dollar. However, it found support around 145 JPY. While the carry trade unwinds, major stock markets are now open, and Monday saw a massive $6 trillion sell-off in traditional assets.
Federal Reserve's Possible Response
There were rumors of an emergency meeting by the Federal Reserve to raise rates immediately. However, this move seems unlikely, as it could be seen as a sign of desperation.
Bitcoin's Strong Bounce
Bitcoin showed a significant recovery from its low of $49,300. Strong support exists between $51,000 and $52,000, stemming from previous bull markets. If BTC ends the week above $55,600, the recovery might continue. Conversely, if it falls below $51,000, the next strong support is between $41,000 and $43,000, with the bull market trend line being the last defense.
Japan 🇯🇵 to Reduce Crypto Taxes by 20% if Yuichiro Tamaki is Elected.
#JapanEconomy #TaxFreeCrypto #BTC☀
#JapanEconomy #TaxFreeCrypto #BTC☀
Japan Cracking Down on Crypto: Is This Stopping Shady Business or Killing the Fun?
The Financial Services Agency (FSA) is cracking down on cryptocurrency exchanges with flaws in anti-laundering measures or consumer protection.
Coincheck, a cryptocurrency exchange that was hacked for $350 million, is expected to be one of the exchanges the FSA targets.
Think Japan's crackdown on crypto exchanges is necessary to protect investors, or is it stifling innovation.#JapanEconomy #Gate.io
The Financial Services Agency (FSA) is cracking down on cryptocurrency exchanges with flaws in anti-laundering measures or consumer protection.
Coincheck, a cryptocurrency exchange that was hacked for $350 million, is expected to be one of the exchanges the FSA targets.
Think Japan's crackdown on crypto exchanges is necessary to protect investors, or is it stifling innovation.#JapanEconomy #Gate.io
📰 Billionaire Mark Cuban: US SEC Should Learn from Japan on Crypto Regulations. #MarkCuban #Crypto
➡️ Billionaire Mark Cuban has been recently vocal about his support for digital assets while lashing out at the U.S. Securities and Exchange Commission (SEC) on handling crypto regulations. He said that the current Biden administration and the SEC need to learn from Japan about how to handle crypto regulations.
✅ SEC Should Take A Cue from Japan On Crypto Regulations
➡️ Entrepreneur and investor Mark Cuban has directed a plea to U.S. lawmakers, urging them to take inspiration from Japan’s regulatory approach to cryptocurrency. In a series of tweets addressed to Senate and House Democrats, Cuban questioned why Japan fully supports cryptocurrency while the U.S. Securities and Exchange Commission (SEC) imposes stringent regulations, making it challenging for crypto businesses to thrive domestically.
Cuban emphasized the global significance of cryptocurrency, expressing concern that the United States risks falling behind by stifling innovation in this sector. He highlighted Japan’s proactive measures in reducing fraud and suggested that aligning with similar regulatory principles could benefit the U.S. market.
Furthermore, Cuban criticized the SEC for what he perceives as institutional shortcomings, arguing that the regulatory body’s failures extend beyond the realm of cryptocurrency. He pointed out discrepancies in the SEC’s handling of traditional stock markets, citing instances of fraud and institutional lapses.
Cuban’s remarks underscore the importance of regulatory clarity and support for technological advancements to foster a thriving ecosystem of innovation and investment.
🇯🇵 Japan to Benefits From Crypto Innovation
➡️Currently, Japan has approved cryptocurrency trading for 65 tokens. One of Mark Cuban’s followers asked him as to which of these tokens led to a breakthrough application. He also said that Japan was home to one of the biggest bankruptcies in crypto, the Mt. Gox collapse.
#JapanEconomy
➡️ Billionaire Mark Cuban has been recently vocal about his support for digital assets while lashing out at the U.S. Securities and Exchange Commission (SEC) on handling crypto regulations. He said that the current Biden administration and the SEC need to learn from Japan about how to handle crypto regulations.
✅ SEC Should Take A Cue from Japan On Crypto Regulations
➡️ Entrepreneur and investor Mark Cuban has directed a plea to U.S. lawmakers, urging them to take inspiration from Japan’s regulatory approach to cryptocurrency. In a series of tweets addressed to Senate and House Democrats, Cuban questioned why Japan fully supports cryptocurrency while the U.S. Securities and Exchange Commission (SEC) imposes stringent regulations, making it challenging for crypto businesses to thrive domestically.
Cuban emphasized the global significance of cryptocurrency, expressing concern that the United States risks falling behind by stifling innovation in this sector. He highlighted Japan’s proactive measures in reducing fraud and suggested that aligning with similar regulatory principles could benefit the U.S. market.
Furthermore, Cuban criticized the SEC for what he perceives as institutional shortcomings, arguing that the regulatory body’s failures extend beyond the realm of cryptocurrency. He pointed out discrepancies in the SEC’s handling of traditional stock markets, citing instances of fraud and institutional lapses.
Cuban’s remarks underscore the importance of regulatory clarity and support for technological advancements to foster a thriving ecosystem of innovation and investment.
🇯🇵 Japan to Benefits From Crypto Innovation
➡️Currently, Japan has approved cryptocurrency trading for 65 tokens. One of Mark Cuban’s followers asked him as to which of these tokens led to a breakthrough application. He also said that Japan was home to one of the biggest bankruptcies in crypto, the Mt. Gox collapse.
#JapanEconomy
Last Chance to Get in on $Jasmy: The Japanese Bitcoin Revolution!
🔥 JasmyCoin, often hailed as the "Japanese Bitcoin," is making waves in the crypto world, and this might be your last chance to join before it takes off! With its roots in Japan’s thriving tech industry and a focus on data democratization, Jasmy is poised to disrupt the way individuals control and monetize their own data. In a world increasingly dominated by big tech, Jasmy empowers users by giving them back control of their personal information, making it a unique and powerful force in the blockchain space. As more industries adopt blockchain solutions, the demand for decentralized data storage platforms like Jasmy is expected to surge. Don’t miss the opportunity to get in early on a project with such massive potential.
JasmyCoin isn’t just another crypto; it represents the future of data security and privacy. Backed by the expertise of former Sony executives, Jasmy has the credibility, vision, and technological backing to lead a new era of blockchain adoption. The coin has already gained significant attention in Asia, and as it expands globally, its value could see exponential growth. If you’re looking for a crypto investment with real-world use cases, long-term growth potential, and strong backing, Jasmy is the answer. Buy now before it’s too late—this could be your ticket to major gains in the digital economy! 🔥
$JASMY
$DOGE
$DOGS
#jasmyrocket #TrumpDeFi #MemeCoinTrending #bitcoin☀️
JasmyCoin isn’t just another crypto; it represents the future of data security and privacy. Backed by the expertise of former Sony executives, Jasmy has the credibility, vision, and technological backing to lead a new era of blockchain adoption. The coin has already gained significant attention in Asia, and as it expands globally, its value could see exponential growth. If you’re looking for a crypto investment with real-world use cases, long-term growth potential, and strong backing, Jasmy is the answer. Buy now before it’s too late—this could be your ticket to major gains in the digital economy! 🔥
$JASMY
$DOGE
$DOGS
#jasmyrocket #TrumpDeFi #MemeCoinTrending #bitcoin☀️
What’s Happened in the Crypto World in the Last 10 Hours? 🚨
Here’s a quick breakdown of the most significant developments:
1. Powell’s Announcement on Rate Cuts
Federal Reserve Chairman Jerome Powell clarified that the recent 50-basis point rate reduction shouldn’t be interpreted as a signal for aggressive future cuts. Instead, he emphasized that the next rate cut would likely be smaller—around 25 basis points. This came as a surprise to the market, which had been expecting more aggressive quantitative easing measures to be rolled out.
2. Japan’s Crypto Regulation Review
Japan has indicated it will reassess its cryptocurrency regulations, a move that could lead to a friendlier tax environment for crypto investors and potentially pave the way for the launch of a crypto ETF in the country. This review is seen as a positive step for crypto traders in Japan, as it may attract more institutional interest and expand market accessibility.
3. Trump’s WLFI DeFi Platform Whitelist Opens
Former President Trump’s DeFi platform, WLFI, has opened its whitelist registration for participants. To join, users are required to complete a Know Your Customer (KYC) process. The whitelist is open to non-U.S. residents as well as accredited investors within the U.S. This could draw significant attention to the platform as it starts gaining traction in the DeFi space.
4. $EIGEN Set for Major Exchange Listings
Several major centralized exchanges have announced the upcoming listing of $EIGEN, with the token unlock scheduled for September 30th at 4 AM UTC. The listing times are set for key exchanges, including Bybit at 4 AM, Binance at 5 AM, and OKX at 6 AM (UTC). Anticipation is building around the token’s debut, and this could be a major event for traders.
5. $ENA Governance Proposal for Ethereal Exchange
A new governance proposal has surfaced for Ethereal Exchange, a decentralized exchange (DEX) based on the USDe token. The Ethena team has revealed plans to deploy liquidity on other DEXs such as Hyperliquid. Additionally, $sENA holders are expected to receive 15% of the Ethereal governance tokens, which could strengthen their influence over the platform’s development.
6. StormX ($STMX) Merger with EARNMrewards
StormX has announced its merger with #EARNMrewards, unveiling plans to swap the $STMX token for $EARNM. This strategic move is likely to expand the utility and rewards ecosystem, giving token holders more earning potential across both platforms.
These updates are shaping the crypto landscape—be sure to stay tuned as these events unfold!
#Debate2024 #FedRateDecisions #PowellSpeech #JapanEconomy #BTCReboundsAfterFOMCb
1. Powell’s Announcement on Rate Cuts
Federal Reserve Chairman Jerome Powell clarified that the recent 50-basis point rate reduction shouldn’t be interpreted as a signal for aggressive future cuts. Instead, he emphasized that the next rate cut would likely be smaller—around 25 basis points. This came as a surprise to the market, which had been expecting more aggressive quantitative easing measures to be rolled out.
2. Japan’s Crypto Regulation Review
Japan has indicated it will reassess its cryptocurrency regulations, a move that could lead to a friendlier tax environment for crypto investors and potentially pave the way for the launch of a crypto ETF in the country. This review is seen as a positive step for crypto traders in Japan, as it may attract more institutional interest and expand market accessibility.
3. Trump’s WLFI DeFi Platform Whitelist Opens
Former President Trump’s DeFi platform, WLFI, has opened its whitelist registration for participants. To join, users are required to complete a Know Your Customer (KYC) process. The whitelist is open to non-U.S. residents as well as accredited investors within the U.S. This could draw significant attention to the platform as it starts gaining traction in the DeFi space.
4. $EIGEN Set for Major Exchange Listings
Several major centralized exchanges have announced the upcoming listing of $EIGEN, with the token unlock scheduled for September 30th at 4 AM UTC. The listing times are set for key exchanges, including Bybit at 4 AM, Binance at 5 AM, and OKX at 6 AM (UTC). Anticipation is building around the token’s debut, and this could be a major event for traders.
5. $ENA Governance Proposal for Ethereal Exchange
A new governance proposal has surfaced for Ethereal Exchange, a decentralized exchange (DEX) based on the USDe token. The Ethena team has revealed plans to deploy liquidity on other DEXs such as Hyperliquid. Additionally, $sENA holders are expected to receive 15% of the Ethereal governance tokens, which could strengthen their influence over the platform’s development.
6. StormX ($STMX) Merger with EARNMrewards
StormX has announced its merger with #EARNMrewards, unveiling plans to swap the $STMX token for $EARNM. This strategic move is likely to expand the utility and rewards ecosystem, giving token holders more earning potential across both platforms.
These updates are shaping the crypto landscape—be sure to stay tuned as these events unfold!
#Debate2024 #FedRateDecisions #PowellSpeech #JapanEconomy #BTCReboundsAfterFOMCb
💰🇯🇵 Bank of Japan Makes a Splash with ¥3.5 Trillion Intervention in Market! 💹💼
In a bold move, the Bank of Japan has injected a whopping 3.5 trillion yen (equivalent to $22.5 billion) into the markets, surpassing expectations and causing ripples across the financial landscape. 🌊 According to Bloomberg's BOJ current account data, this intervention marks the second such action this week, catching brokers off guard with its magnitude.
The impact was swift and significant, with the Japanese yen experiencing a 3% appreciation against the dollar, pushing the dollar/yen parity to test the 153 level. However, cautious investors are keeping a watchful eye, hesitating to breach the critical 152 level. 📈💱 Shoki Omori, Strategist at Mizuho Securities, echoed this sentiment, highlighting the need for a measured approach amidst market volatility.
This latest intervention underscores the influential role of Japan's economic policies and its central bank in shaping market dynamics. 🏦💼 The strengthening of the yen against the dollar serves as a testament to the power wielded by the Bank of Japan in steering financial tides.
#JapanEconomy #BOJIntervention #FinancialRipples #MarketInfluence 🌏📊
Follow | Like ❤️ | Quote 🔄 | Comment🙏
In a bold move, the Bank of Japan has injected a whopping 3.5 trillion yen (equivalent to $22.5 billion) into the markets, surpassing expectations and causing ripples across the financial landscape. 🌊 According to Bloomberg's BOJ current account data, this intervention marks the second such action this week, catching brokers off guard with its magnitude.
The impact was swift and significant, with the Japanese yen experiencing a 3% appreciation against the dollar, pushing the dollar/yen parity to test the 153 level. However, cautious investors are keeping a watchful eye, hesitating to breach the critical 152 level. 📈💱 Shoki Omori, Strategist at Mizuho Securities, echoed this sentiment, highlighting the need for a measured approach amidst market volatility.
This latest intervention underscores the influential role of Japan's economic policies and its central bank in shaping market dynamics. 🏦💼 The strengthening of the yen against the dollar serves as a testament to the power wielded by the Bank of Japan in steering financial tides.
#JapanEconomy #BOJIntervention #FinancialRipples #MarketInfluence 🌏📊
Follow | Like ❤️ | Quote 🔄 | Comment🙏