News

On February 24, according to a report by Daily News, Japanese Prime Minister Sanae Takaichi expressed concerns about further interest rate hikes during a meeting with Bank of Japan Governor Kazuo Ueda last week. Kazuo Ueda stated that the meeting mainly discussed economic and financial conditions, and the Prime Minister did not make any specific monetary policy requests. Sanae Takaichi hopes that the central bank and the government will work closely together to achieve the 2% inflation target accompanied by wage growth. Following this report, the yen weakened against the US dollar and the euro. Market participants speculate that the yen's weakness may prompt the Bank of Japan to raise interest rates in March or April.

Jinse Finance reported that YZi Labs has issued a statement regarding the CEA Industries (BNC) board's proposed amendment to the asset management agreement signed with 10X Capital Asset Management LLC, strongly denying that it obstructed the amendment and accusing the BNC board of "distorting facts and misleading shareholders." Alex Odagiu, investment partner at YZi Labs, stated that the board acknowledges the need to "reduce management fees, shorten the term, and optimize termination clauses" in the asset management agreement, but attempts to blame the delay in amending the agreement on YZi Labs and the so-called "Secret Side Agreement" are outright fabrications. YZi Labs demands that the BNC board immediately and publicly retract the false accusations regarding the "Secret Side Agreement" and "YZi Labs obstructing the amendment," ensure that directors associated with 10X recuse themselves from related discussions and decisions, and fully disclose the proposed amendment details and final agreement text to all shareholders before signing. YZi Labs also reserves the right to take further legal action against current board members and states that it will continue to hold the board accountable for information disclosure.

Foresight News reported that Tom, the founder of bonk.fun, responded on Twitter to a community user's question: "The 'official' One Piece token issued by Bonk once reached a market cap of $57 million, then plummeted. This might be one of the worst token launches I've ever seen." Tom stated, "This token did not come from bonk, nor has it ever come from bonk. If we had the IP rights to One Piece, we would have publicized it long ago. I'm not sure where this claim originated. It comes from a third-party project called Freya, which launched on the bonk.fun platform. When we first learned about the product launch, we contacted the team and obviously had many questions about the validity of the intellectual property. They only possessed a small portion of the rights we had mentioned, and we felt this caused too much misunderstanding—they needed to communicate better with the public. Today, they conducted the launch, but it wasn't even issued on bonk.fun. They injected liquidity directly into Raydium, bypassed the bonding curve, and minted a Bonk token to make it look like a Bonk token. This means Bonkfun and our platform did not gain any revenue, token issuance, allocation, or fees from this launch. For months, people have been saying 'Bonk owns the One Piece IP,' and I keep correcting them, telling them they are wrong."