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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\'s Enish sells all bitcoin holdings, steps up Solana-focused digital asset strategy

Japanese listed game company Enish has sold all of its bitcoin holdings and is moving to strengthen a Solana-centred digital asset management strategy. It sold 8.063 bitcoin for about 79.27 million yen and expects to book a sale loss of about 6.22 million yen. Enish has begun strategic talks with Solana ecosystem infrastructure firm SOL Planet and is pursuing a Digital Asset Treasury 2.0 strategy focused on staking and network participation.