US Treasury Secretary Scott Bessent has delivered an unusually direct warning to currency traders betting against the Japanese yen, saying: “I am …
Yen
-
-
Markets
SBI buys 20% stake in Indonesia's Ajaib for $270 million to expand yen stablecoin in Southeast Asia
by shayaanby shayaanThe Japanese financial giant is acquiring a 20% stake in the Indonesian online brokerage to build a cross-border, blockchain-based settlement network. www.coindesk.com
-
SBI is taking a 20% stake in Indonesian fintech and crypto platform Ajaib in a deal worth $270 million, according to CoinDesk. …
-
Markets
Live updates: Bitcoin at $63,600 as rare US-Japan yen action tests carry-trade fears
by shayaanby shayaanJapan may have spent as much as $36.6 billion buying yen in the first joint US-Japan action to support the currency since …
-
Coordinated action sent the yen sharply higher, but bitcoin’s recent correlation suggests U.S. dollar strength, rather than the carry trade, may be …
-
Japan’s central bank held interest rates steady at 1.0% on Friday after a reported major intervention in the yen. Key points: Japan …
-
Markets
Live markets: Japan's collapsing yen is pushing companies into bitcoin and XRP
by shayaanby shayaanHedge funds have turned the most bearish on the yen since 2007, boosting bets on further losses to nearly 138,000 contracts as …
-
Markets
Live markets: Bitcoin holds above $60,000 as yen jumps on intervention fears
by shayaanby shayaanLive markets: Bitcoin holds above $60,000 as yen jumps on intervention fears www.coindesk.com
-
Markets
SBI And Startale Put Yen Stablecoins Back In The Institutional Spotlight
by shayaanby shayaanTL;DR SBI Holdings and Startale Group have introduced JPYSC, a trust bank-backed yen stablecoin project. The structure is designed around Japan’s regulated …
-
Adoption
SBI Launches Japan’s First Trust Bank-Backed Yen Stablecoin, Bypassing 1 Million Yen Limit
by shayaanby shayaanThe stablecoin landscape in Japan just shifted dramatically. SBI Group, working with blockchain partner Startale Group, has issued JPYSC, the country’s first …