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Crypto

Ethereum 2.0 era coming, Tom Lee sets out ETH recovery scenario

Tom Lee (톰 리), chairman of BitMine, said Ethereum is near a bottom and could return to growth over the long term in an “ETH 2.0” phase. He cited four factors that weighed on the crypto market this year, including shifting U.S. Federal Reserve policy expectations and uncertainty over the U.S. “Clarity Act”. He also pointed to technical rebound signals and outlined BitMine’s strategy to accumulate ETH.

Crypto

Japan payment processor Zentoushin bankruptcy sparks concern over payment gaps; some cite BTC, JPYC as alternatives

Concerns are rising in Japan over potential payment infrastructure gaps for some businesses after credit card payment processor Zentoushin went bankrupt. Businessman Takafumi Horie mentioned bitcoin and yen-linked stablecoin JPYC as possible alternatives in a YouTube video. Zentoushin was known for serving sectors often avoided by financial institutions and filed for bankruptcy with about 125.9 billion yen in liabilities. JPYC is also running payment trials, including vending machines in Kyoto.