Today is National Day, Lao Mo wishes everyone a happy National Day!!
BTC fell to 628 and stopped, and the rebound began
Yesterday I said that it was bullish as long as 625 was not broken. Let's see if the US stock market will rise in pre-market trading at 16:00. It is expected to reach 65,000 in the evening.
Today's news
Japan's new prime minister sets a bold blockchain and NFT agenda
Japan's next prime minister Shigeru Ishiba has announced plans to promote blockchain and NFT technology as part of his policy agenda. The newly elected head of the Liberal Democratic Party (LDP), Shigeru Ishiba, plans to appoint Masaki Taira, the current head of the Web3 Working Group, as the new Minister of Digital Affairs.
According to an official document from Ishiba's office, Ishiba believes that blockchain and NFT can drive regional economic growth by increasing the value of local products such as food and tourism experiences. His vision is consistent with the crypto industry's call to use NFTs and decentralized autonomous organizations (DAOs) to promote rural economies.
According to Crypto News, the statement reads: "Using blockchain technology, NFTs, etc., we will seek to maximize the value of numerous simulated local products, such as food and tourism experiences. We will do this by restoring their value to global prices."
Taira has previously discussed using NFTs to promote Japan's intellectual property assets globally and called for tax reforms to support crypto startups, saying that Japan's tax system is not well suited to modern startups. He also explained the challenges of auditing crypto startups due to inadequate systems for handling tokens other than Bitcoin.
Ishiba has already scheduled a general election for October 27, and the LDP is expected to retain its majority in the House of Representatives. His policy document also involves narrowing the digital divide across Japan by strengthening internet infrastructure and promoting digitalization. In addition, Ishiba aims to decentralize businesses currently concentrated in Tokyo by encouraging regional startups.
