News

Jinse Finance reported, citing Bitcoin Magazine, that Sora Ventures has announced the launch of a Bitcoin reserve fund. The fund has secured $200 million in committed capital from partners and investors in Asia, and plans to purchase $1 billion worth of Bitcoin over the next six months. According to reports, this move marks a significant development following the establishment of Asian Bitcoin reserve companies such as Japan's Metaplanet, Hong Kong's Moon Inc., Thailand's DV8, and South Korea's BitPlanet. Unlike these companies, which hold Bitcoin directly on their balance sheets, Sora Ventures' reserve fund will serve as a central pool of institutional capital, aiming to support existing enterprises and promote the establishment of similar reserve funds globally.

Jinse Finance reported that former Bank of Japan chief economist Toshitaka Sekine stated that the market's increasing speculation about a possible rate hike by the Bank of Japan in October underestimates the degree of uncertainty brought about by Trump's tariff policies. He said: "What I want to say is that the uncertainty may be greater than market participants imagine. If I were still the chief economist of the Bank of Japan, and I was asked to determine the potential impact of tariffs before October, I would say 'no'." Prior to Sekine's remarks, signs of economic recovery had prompted economists to list October as the most likely timing for the Bank of Japan's next rate hike. The veteran economist said he would not completely rule out the possibility of a rate hike, as a range of factors, including exchange rates, would influence the decision. However, it is difficult for authorities to assert that by then, economic risks will have fully subsided. (Golden Ten Data)