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Crypto

Bank of Japan rate decision nears; will bitcoin repeat 22 percent correction nightmare?

With the Bank of Japan set to decide policy on June 16, concern is rising that bitcoin could face another sharp correction. Cointelegraph reported that bitcoin fell about 18 to 28 percent after each BOJ rate hike since 2024, averaging 22.4 percent. Analysts say a repeat is uncertain because market conditions differed each time. Attention is shifting to on-chain signals such as increased whale inflows to Binance and more than $2.5 billion in realized losses.

Crypto

Japan monetary policy to trigger XRP surge? Community analyst says optimism has overheated

Caution is growing over expectations that a change in Japan\'s monetary policy will immediately trigger a sharp rise in XRP in July. XRP community analyst Eri said talk of an outsized unwinding of yen carry trades has been overstated and that the Bank of Japan\'s rate path has been gradual and predictable. Eri also cited liquidity constraints on the XRP Ledger and the continued dominance of USDT and USDC in international settlement flows.

Crypto

Japan ruling party proposes crypto ETFs, yen stablecoins to target Asian payment hub

Japan\'s ruling Liberal Democratic Party has moved to promote policies to legalise cryptocurrency exchange-traded funds and expand yen-denominated stablecoins. A party panel submitted a proposal to Finance Minister Satsuki Katayama on May 31. The plan aims to recognise crypto ETFs as regulated investment products and develop yen stablecoins as a payment gateway for Asia. The proposal cites the dominance of dollar-pegged stablecoins and points to domestic pilots and legislation steps under way.