Under the “yen carry trade” framework, a weak yen (USD/JPY rising) is supposed to be accompanied by rising BTC, just as it tends to support stocks. Extending that logic, a strengthening yen should trigger risk aversion in both stocks and cryptocurrencies.That’s precisely what happened in late July/early August 2024, when the Bank of Japan hiked interest rates, sending the yen sharply higher. Risk assets had a meltdown, with BTC falling from roughly $65,000 to $50,000 in the following weeks.Carry-unwind fears have resurfaced lately as the yen continues to slide, hitting four-decade lows this week. That’s raised hopes of more aggressive…

US President Donald Trump has about 10 days to decide whether or not to sign bipartisan housing legislation containing a ban on a central bank digital currency (CBDC) into law after saying he planned to prioritize a controversial voting bill.According to reports, House Speaker Mike Johnson sent the 21st Century ROAD to Housing Act to Trump’s desk on Monday, kicking off a 10-day timeline for the president to decide whether to ignore, sign or veto the bill under the US Constitution, excluding Sundays. The bill, passed by the House of Representatives last week, included language barring the Federal Reserve from…

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