The Japanese yen is trading near its weakest level in four decades, prompting companies to diversify reserves by adding bitcoin and XRP to their balance sheets. SBI VC Trade reports rising corporate demand for these cryptocurrencies, driven by the yen's decline and the widening interest-rate gap between the US Federal Reserve and the Bank of Japan. This trend includes firms using crypto in shareholder perks and reflects a shift from traditional yen cash holdings to harder assets amid ongoing currency weakness. Bitcoin recently traded near $62,650, up 6.1% for the week, highlighting growing crypto adoption in Japan's corporate sector.
Bitcoin ETFs attracted $21.435 million and Ethereum ETFs $26.925 million in inflows on July 7, marking consecutive days of net gains. This trend suggests growing institutional confidence and demand for regulated cryptocurrency exposure despite previo...
Bitcoin and other major cryptocurrencies declined after renewed U.S.-Iran airstrikes escalated tensions, pushing oil prices higher. The conflict, involving attacks on ships and military installations, threatens to collapse the fragile ceasefire and h...
Ethereum's price ratio against Bitcoin (ETH/BTC) has rallied nearly 5% entering Q3, driven by optimism over the potential passing of the CLARITY Act, which could boost Ethereum's role in decentralized finance. BitMine Immersion increased its Ethereum...
Bitcoin, XRP, Solana, and Shiba Inu are showing tentative signs of recovery after recent sell-offs, but overall bullish momentum remains weak due to low liquidity and resistance at key moving averages. Bitcoin has rebounded to around $63,000 but face...
Clearstream, a major European post-trade services provider under Deutsche Börse Group, has expanded its cryptocurrency custody services beyond Bitcoin and Ethereum. The new additions include XRP, Stellar (XLM), Cardano (ADA), Solana (SOL), Litecoin (...
