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Bitcoin's 52-week correlation with USD/JPY hits -0.90, defying carry trade theory

Market News
30 Jun 2026
Crypto Briefing
View Source
Neutral
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Bitcoin's 52-week correlation with the USD/JPY currency pair has dropped to -0.90, meaning Bitcoin falls when the dollar strengthens against the yen, contradicting the traditional carry trade theory. The carry trade assumes yen weakness boosts Bitcoin by enabling cheap borrowing to invest in risk assets, but recent market behavior shows Bitcoin rising when the yen strengthens. This shift may be due to carry trade unwinds and the Bank of Japan's hints at rate normalization, which could reduce yen-funded risk asset flows. For investors, this means Bitcoin's price drivers are evolving beyond yen dynamics, with U.S. policy and global factors gaining importance.

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Qfin Holdings reappoints Deloitte as auditor for 2026 at annual meeting

Qfin Holdings reappoints Deloitte as auditor for 2026 at annual meeting

Qfin Holdings, a leading AI-driven Credit-Tech platform in China, announced at its annual general meeting that Deloitte Touche Tohmatsu and its Certified Public Accountants LLP will continue as the company's auditors through 2026. The board is author...

Company Fundamentals
Neutral
26 minutes ago
Hopsworks launches version 5.0 with integrated coding AI to speed up AI pipeline development.

Hopsworks launches version 5.0 with integrated coding AI to speed up AI pipeline development.

Hopsworks has released version 5.0 of its platform, introducing a unified Coding Data and AI Stack that embeds coding agents directly into the platform. This update allows developers to build and operate machine learning pipelines, data workflows, an...

Others
Bullish
26 minutes ago
Mishandled baggage rates drop 23% in 2025 but still cost airlines $6.3B annually.

Mishandled baggage rates drop 23% in 2025 but still cost airlines $6.3B annually.

In 2025, mishandled baggage rates fell 23% to 4.9 per 1,000 passengers, driven by digital tech like AI and real-time data sharing, yet the issue still costs the airline industry $6.3 billion annually. Passenger numbers rose to 5 billion globally, wit...

Market News
Bullish
26 minutes ago
Investec Bank sells 36,142 shares of Treatt Group at around 304 pence each

Investec Bank sells 36,142 shares of Treatt Group at around 304 pence each

Investec Bank plc, acting as advisor and joint broker to Treatt Group Plc, disclosed the sale of 36,142 ordinary shares of Treatt Group on June 29, 2026. The shares were sold at prices ranging from 304 to 304.5 pence each. There were no derivative or...

Market News
Neutral
32 minutes ago
Investec Bank discloses share dealings for Advanced Medical Solutions Group on June 29, 2026.

Investec Bank discloses share dealings for Advanced Medical Solutions Group on June 29, 2026.

Investec Bank plc, acting as advisor and joint broker to Advanced Medical Solutions Group Plc, disclosed its share dealings on June 29, 2026. The bank purchased 1,187,484 ordinary shares at prices between 279 and 279.5 per share and sold 1,120,000 sh...

Market News
Neutral
35 minutes ago
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