Moody's: Strong signals of yen surge, but no signs of intervention yet.
Moody's analyst economist Stefan Angrick pointed out that the sharp rise of the yen last Friday sparked speculation of official intervention, but early typical indicators of such actions have not yet appeared. Although the Japanese Ministry of Finance delays the release of official intervention data, the Bank of Japan's accounts and estimates from currency brokers usually provide reliable early clues. Angrick stated that these indicators accurately warned of intervention actions in July 2024, but there are no such signs this time. He said the government does not always need to actually intervene to influence the market — the credible threat of coordinated action may be enough, especially if Japan and the US act together. The USD/JPY is currently trading around 152.54, still some distance from the 160 level considered likely to trigger intervention. (Jin10)
Moody's analyst economist Stefan Angrick pointed out that the sharp rise of the yen last Friday sparked speculation of official intervention, but early typical indicators of such actions have not yet appeared. Although the Japanese Ministry of Finance delays the release of official intervention data, the Bank of Japan's accounts and estimates from currency brokers usually provide reliable early clues. Angrick stated that these indicators accurately warned of intervention actions in July 2024, but there are no such signs this time. He said the government does not always need to actually intervene to influence the market — the credible threat of coordinated action may be enough, especially if Japan and the US act together. The USD/JPY is currently trading around 152.54, still some distance from the 160 level considered likely to trigger intervention. (Jin10)
Japanese financial regulators are soliciting public opinions on the regulation of digital payments and cryptocurrencies.
On January 28, the Japan Financial Services Agency has opened a public consultation on the draft implementation rules involving cryptocurrencies, electronic payment instruments, and financial institutions. The draft clarifies the specific enforcement requirements following the 2025 revision of the Payment Services Act, including updates to official notices, administrative guidelines, and regulatory rules.
On January 28, the Japan Financial Services Agency has opened a public consultation on the draft implementation rules involving cryptocurrencies, electronic payment instruments, and financial institutions. The draft clarifies the specific enforcement requirements following the 2025 revision of the Payment Services Act, including updates to official notices, administrative guidelines, and regulatory rules.
Bitwise has registered the "Bitwise Uniswap ETF" in Delaware.
according to market sources, cryptocurrency asset management company Bitwise has registered the "Bitwise Uniswap ETF" statutory trust entity in Delaware to prepare for a possible future ETF application related to the decentralized trading protocol Uniswap. Such state-level registrations usually occur several months before the formal application to the U.S. Securities and Exchange Commission and most do not proceed to subsequent stages.
according to market sources, cryptocurrency asset management company Bitwise has registered the "Bitwise Uniswap ETF" statutory trust entity in Delaware to prepare for a possible future ETF application related to the decentralized trading protocol Uniswap. Such state-level registrations usually occur several months before the formal application to the U.S. Securities and Exchange Commission and most do not proceed to subsequent stages.
"The Fed's mouthpiece": Trump wants it all, the Fed chair selection is caught in an "impossible trinity."
Nick Timiraos, a Wall Street Journal reporter known as the "Fed's mouthpiece," pointed out that U.S. President Trump has been saying for months that he has decided who will lead the Federal Reserve. However, as weeks passed without an official announcement, some people close to the selection process began to doubt whether the four final candidates truly meet his requirements.
Nick Timiraos, a Wall Street Journal reporter known as the "Fed's mouthpiece," pointed out that U.S. President Trump has been saying for months that he has decided who will lead the Federal Reserve. However, as weeks passed without an official announcement, some people close to the selection process began to doubt whether the four final candidates truly meet his requirements.
BTC falls below $89,000
the market shows BTC fell below $89,000, currently at $88,987.07, with a 24-hour increase of 0.3%. The market is highly volatile, please manage your risk accordingly.
the market shows BTC fell below $89,000, currently at $88,987.07, with a 24-hour increase of 0.3%. The market is highly volatile, please manage your risk accordingly.
Social NFT platform Rodeo announced it will be gradually shutting down.
according to Cointelegraph, the social NFT platform Rodeo announced it will gradually shut down, becoming the second NFT platform to announce closure this week. The platform was launched last March through the Apple iOS store, focusing on a social-centered NFT collection experience.
according to Cointelegraph, the social NFT platform Rodeo announced it will gradually shut down, becoming the second NFT platform to announce closure this week. The platform was launched last March through the Apple iOS store, focusing on a social-centered NFT collection experience.
ETH falls below $3,000
the market shows ETH falling below $3000, currently at $2999.73, with a 24-hour increase of 2.08%. The market is highly volatile, please manage your risk accordingly.
the market shows ETH falling below $3000, currently at $2999.73, with a 24-hour increase of 2.08%. The market is highly volatile, please manage your risk accordingly.
