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185 to 190 long
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#MetaplanetBTCPurchase Metaplanet, a Tokyo-listed investment firm, has acquired an additional 21.88 Bitcoin for approximately 1.2 million (200 million yen), bringing its total holdings to 225.6 BTC, valued at around14.6 million. [1] This latest purchase, announced on July 16, 2024, coincided with a 4.4% rise in Bitcoin's price, nearing $65,000, and led to a 25.8% surge in Metaplanet's share price on the Tokyo Stock Exchange. [2] The company's Bitcoin investment strategy, initiated in April 2024, aims to hedge against Japan's economic challenges, including high debt levels and a weakening yen. [3]
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#PowellRemarks Federal Reserve Chair Jerome Powell, speaking at the Economic Club of Chicago, expressed caution regarding interest rate changes amid economic uncertainty fueled by U.S. tariffs. He noted that the Fed is in a challenging position, balancing rising inflation from tariffs with weakening growth and employment. The Fed is hesitant to cut interest rates, fearing it could exacerbate inflation. Powell's remarks, perceived as hawkish, contributed to further market declines, with the S&P 500 dropping 2.2% and the Nasdaq falling 3.1%. Investors, rattled by President Trump's sweeping tariff announcements and escalating trade tensions with China, are grappling with volatility reminiscent of the COVID-19 pandemic era. [1]
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