Japan's new prime minister reorganizes Web3 and cryptocurrency policies to actively plan for a digital future
On November 29, Japanese Prime Minister Shigeru Ishiba announced the reorganization of the ruling D Web3 and cryptocurrency policy-making departments. This major policy adjustment marks the Japanese government's increasing attention to the digital economy and cryptocurrency industry. Digital Minister Masaaki Taira publicly announced at the forum on November 27 that the LDP will disband the existing Web3 Project Team (PT) and set up a special agency within the D's Digital Society Promotion Department, with former Web3 PT Secretary-General Akihisa Shiozaki leading the new digital economy department. This move undoubtedly shows that the Japanese government is fully committed to promoting the further development of Web3 technology and cryptocurrency policies.
This change not only reflects Japan's emphasis on Web3 technology, but also signals that the government will usher in a clearer and more professional policy for the cryptocurrency industry. With the rapid development of the global digital economy, especially the rise of blockchain technology, Japan obviously hopes to enhance its competitiveness in the global technological innovation and digital currency market. By strengthening government-led policy reforms and ensuring that cutting-edge technologies such as digital currency and blockchain can receive clearer policy support and impetus, the Japanese government hopes to establish a more sound digital economy system to cope with the challenges and opportunities of the global cryptocurrency market.
Metaplanet raises $62 million to accelerate Bitcoin accumulation
In addition to policy changes, capital market trends have also brought more bullish signals to the Bitcoin market. Metaplanet, a Japanese listed company, recently announced plans to raise up to 9.5 billion yen (about 62 million U.S. dollars) through new share subscription rights to accelerate the accumulation of Bitcoin. Metaplanet's move shows that Japanese institutional investors recognize the value of Bitcoin, especially in the context of increasing uncertainty in the current global economic environment, Bitcoin's safe-haven properties as "digital gold" are gradually being favored by more investors.
Metaplanet's move could trigger a wave of capital inflows into the Bitcoin market, driving up Bitcoin prices. As a company listed in Japan, Metaplanet's decision will undoubtedly serve as a model for other Japanese companies and investors, and encourage more institutions to participate in Bitcoin and digital asset investments.
US altcoin ETF is about to be approved, boosting market demand
According to the latest report by Bloomberg analyst Eric Balchunas, the U.S. Securities and Exchange Commission (SEC) will approve 14 altcoin-related ETFs in the next 12 months, which will include funds involving altcoins such as SOL, XRP, HBAR, and LTC. This news has brought a strong positive impact on the market, meaning that the attitude of U.S. regulators towards altcoin investment is gradually being relaxed, and investors will be able to participate in the altcoin market through more convenient channels.
The approval of the altcoin ETF not only provides a legal and compliant investment channel for retail investors, but will also help increase liquidity and capital inflows in the altcoin market. As more funds enter the altcoin market, the momentum for price increases will be further stimulated. This is undoubtedly good news for the entire cryptocurrency market.
Bitcoin and Ethereum options contracts expire, and the market may be volatile
According to Deribit data, the notional value of Bitcoin (BTC) options contracts that will expire today is about $9.4 billion, while the notional value of Ethereum (ETH) options contracts is $1.45 billion. The expiration of options contracts of this size tends to have a large impact on the market. For Bitcoin, the current Put/Call ratio is 0.83, with the maximum pain point at $80,000; while the maximum pain point for Ethereum is $2,900.
The expiration of option contracts is usually accompanied by market volatility, and investors should pay close attention to the breakthrough of these key price levels. Although option delivery may bring some market pressure, if market demand continues to be strong, the market reaction after option expiration may drive prices to continue to rise.
BTC: Bitcoin closed with a star line yesterday, which indicates that the market is in a downturn in the short term. As the U.S. stock market was closed yesterday, the Bitcoin market was relatively stable with small fluctuations. Today, when the U.S. stock market resumes trading, the market is expected to usher in higher activity, which will reveal a more realistic market supply and demand situation.
Overall, the market's confidence in Bitcoin remains strong, and demand is gradually increasing. The performance of the past few months shows that the market has not experienced a sharp correction, but has remained stable in a relatively high price range, indicating that the value of Bitcoin is still recognized. As long as the demand continues, it is still possible to break through the 100,000 mark, and there is room for future growth.
ETH: Ethereum closed with a small negative line yesterday. The daily level is still in a small correction. Be patient and wait for adjustments. The general trend is still bullish.
Altcoins: The current capital situation in the altcoin market remains healthy. As the profit effect gradually emerges, the capital activity in and outside the market has increased significantly. Judging from the changes in Bitcoin's market share, we can boldly speculate that now is the starting point of the altcoin season. Most altcoins are still in the bottom area, and signs of capital flow are beginning to become clear, and the capital rotation between tracks is becoming more obvious.
Today's Fear and Greed Index: 78 (Extreme Greed) #山寨币走势展望