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Crypto
Japan\'s gumi to recast crypto holdings around XRP, aims to be top XRP treasury firm
Japan\'s game and blockchain firm gumi plans to overhaul its digital asset strategy by shifting its cryptocurrency holdings to XRP and aiming to become Japan\'s largest XRP holding and management company. It held about 14 billion yen in crypto as of April 30. The company plans to convert holdings to XRP gradually and may buy more depending on market conditions. It also plans to use covered-call strategies and work closely with SBI Group.
Crypto
XRP raises possibility of repeating 2024 rally, with $8 target mentioned
An analysis says XRP is showing a price pattern similar to just before its late-2024 surge. Market analyst Tom said the current chart nearly overlaps the pre-rally pattern seen in 2024. XRP has slid to around $1.13 after breaking below a $1.27 to $1.31 support zone. Tom said a repeat could lift XRP back to $1.4 to $1.6, then above $7 and possibly to $8.1, with a $8.42 target cited.
Crypto
BOJ rate hike to 30-year high has limited impact on bitcoin
The Bank of Japan raised its policy rate to around 1 percent, the highest level in about 30 years, but bitcoin and the broader cryptocurrency market remained relatively steady. Bitcoin traded around $66,000 and total crypto market value slipped 1.4 percent to about $2.34 trillion without heavy selling. Market participants said the move was largely priced in and leverage had already declined. The BOJ also signalled caution on tightening and reaffirmed bond purchase plans.