News

According to Jinse Finance, Onchain Lens monitoring shows that the "BTC OG insider whale" transferred 5,152 BTC (approximately $476.68 million) to a new address 10 minutes ago.

ChainCatcher News, according to three sources, the Bank of Japan is likely to maintain its commitment to continue raising interest rates next week, but will emphasize that the pace of further hikes will depend on how the economy responds to each increase. Bank of Japan Governor Kazuo Ueda has essentially pre-announced a rate hike in December, and the market has almost fully priced in the possibility of raising rates from 0.5% to 0.75% in December. The market's focus has shifted to the extent to which the Bank of Japan can raise rates to a neutral level. According to sources, although the central bank may internally update its estimate of how far its policy rate is from what is considered a neutral level, it will not use this estimate as the main communication tool for the future rate hike path due to the difficulty of making precise predictions. The sources said that instead, the Bank of Japan will explain that future rate hike decisions will be based on considerations of how past hikes have affected bank lending, corporate financing conditions, and other economic activities. One of the sources said, "Japan's real interest rates are very low, which allows the Bank of Japan to continue raising rates in several stages," and the other two sources shared the same view.