The Yen Enters the World of Crypto Assets (with 3-minute video commentary) 8.18

Stocks and cryptocurrencies look like they might show some
signs of bottoming out from here.

My stance remains 'buy the dip'.
At the Jackson Hole meeting starting on the 21st,
market attention will be focused on
Chair Powell's remarks.

How he addresses the path of interest rate cuts here
will likely be the key to determining the market's direction.

Hello. This is Hatanaka.

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Click here for the 3-minute video commentary
⇒ http://bigman.xsrv.jp/menber/cf/jnry

(Due to storage limitations, this is set to be deleted after one month)

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If the U.S. is driving things this strongly,
you can't ignore it, right? So,
movements are emerging in Japan as well.

In a nutshell,
'The yen will now be usable as-is in the
cryptocurrency world, which has been dollar-centric until now.'

That's the feeling.

From the Nikkei:
> Japan's first yen-denominated stablecoin
to be approved by the FSA; JPYC to issue as early as autumn

Finally, the 'digitization of the yen' is about to
begin in earnest.

The dawn of an era where the Japanese yen enters
the world of stablecoins, which has been dominated by
the dollar and USDT, has arrived.

The yen has entered the world of crypto assets.
This really brings up the question,
'Can you still ignore it?'

'The yen has entered the world of crypto assets'
is not just a topic of conversation.

・Instant and low-cost settlements
・Expansion of the international use of the yen
・Expansion of options for investors

――This means all three of these things at once.

A point to note is that
'Yen-pegged = the same value as the yen'
is the case.

In other words, if the yen weakens, the stable yen
will also lose value. Investors need to
think about 'convenience' and 'protecting asset value'
separately.

So, how will banks enter the market?
Japan is full of constraints, but the trend
cannot be stopped.

Banking groups like Mitsubishi UFJ Trust and Banking have actually
been working on a concept for a 'yen-denominated coin'
for several years.

The recent approval of JPYC by the Financial Services Agency means that this trend
is finally coming to the surface.

This move is significant.
The involvement of banks
will lead to stablecoins being accepted
as 'safe assets'.

For the cryptocurrency industry, the arrival of a yen stablecoin
is a tailwind that brings 'increased reliability and capital inflow'.

You will be able to participate in DeFi, which previously required converting yen to dollars
and going through USDT, directly with yen.

If the barriers to entry are lowered, it is only natural that
cautious investors will also start to move.

And now, with the entry of the Trump administration, cryptocurrency is moving
from a whale-led era to a state-led era.

'Just as the exchange of seashells eventually turned into paper money,
a shift to digital is happening once again now.'

With the yen added to the mix, this trend is likely to accelerate even further.
Things are getting interesting, aren't they?

Click here for the 3-minute video explanation
⇒ http://bigman.xsrv.jp/menber/cf/jnry

(Due to storage limitations, this is set to be deleted in one month)

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~ Today's Important Indicators ~

・No particularly important indicators

*Full moon (from August 9th) Next new moon (August 23rd)

2025 Mercury Retrograde Periods
・March 15th - April 7th *Ended
・July 17th - August 11th *Ended
・November 9th - November 29th

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