Cryptocurrency News Weekly Summary: Notable Articles on "Japanese Bond Market, Trading Restrictions, Dogecoin, JPYC" and more

Source: Bittimes Original Title: Cryptocurrency News Weekly Summary “Japan Bonds, Bybit, Dogecoin, JPYC” and Other Featured Articles Original Link: https://bittimes.net/news/216497.html

$225 billion vanished from the cryptocurrency market, ripple effects from Japanese bond market turbulence

U.S. Treasury Secretary Janet Yellen on January 21 expressed that the recent global financial market instability is primarily due to fluctuations in the Japanese bond market.

In response to these market changes, Bitcoin (BTC) has declined during this period, briefly falling below $89,000 (approximately 14 million yen), nearly erasing the gains accumulated since the beginning of the year, according to reports.

Regarding this adjustment phase, Secretary Yellen explained, “The risk-off movement was triggered by the sharp rise in Japanese government bond yields,” and clarified that individual geopolitical factors such as the Greenland issue are not direct causes.

NYSE announces tokenized securities platform plan

The New York Stock Exchange (NYSE) announced on January 19 its plan to develop a new trading platform supporting tokenized securities trading and on-chain settlement for U.S. stocks and ETFs.

According to NYSE, the platform is positioned as an initiative to review the way securities markets operate, enabling continuous trading 24/7/365.

The issued tokenized shares are positioned as legally and economically equivalent to traditional listed stocks, with rights such as dividend receipt and voting rights maintained for shareholders, the announcement states.

Certain exchange restricts Japanese residents from trading starting March 23

On January 22, a cryptocurrency exchange officially notified Japanese residents of significant regulatory compliance changes.

The announcement states that from noon on March 23 (Japan time), affected accounts will transition to a “Close-Only Mode,” preventing new positions from being opened.

Furthermore, by noon on July 22 of the same year, all open positions will be forcibly settled, and thereafter, withdrawal and asset conversion functions for cryptocurrencies will be available only for certain tokens.

40% of Generation Z supports cryptocurrencies, trust gap with traditional finance

On January 21, a certain exchange published the results of a survey conducted in January 2024 with 1,000 U.S. participants.

The survey found that 40% of Generation Z (ages 12–29) and 41% of Millennials (ages 29–45) rated their trust in cryptocurrency platforms as “high,” while only 9% of Baby Boomers (late 50s to late 70s) shared this view.

Among respondents who expressed “high trust” in traditional banks, 74% were Baby Boomers (about 8 times more than in cryptocurrencies), whereas about 1 in 5 Generation Z and Millennials respondents reported not trusting banks very much.

House of Doge announces Dogecoin payment app “Such”

On January 20, the official commercial division of the Dogecoin (DOGE) Foundation, House of Doge, announced that it is jointly developing a mobile app called “Such” with Brag House Holdings Inc. in the U.S., dedicated to DOGE payments.

The app aims to facilitate the use of Dogecoin as a daily payment method and is scheduled for release in the first half of 2026.

According to the announcement, Such will adopt a system where users can create and manage their own wallets, designed not only for personal use but also for small and medium-sized businesses.

JPYC Japanese Yen stablecoin to be launched on LINE platform

JPYC Inc. announced on January 20 that it has signed a basic agreement (MOU) with LINE NEXT Inc., a subsidiary of LINE Yahoo, to expand the use of the Japanese Yen-pegged stablecoin “JPYC.”

This agreement explores the potential to utilize JPYC within the LINE app environment, including new stablecoin wallets available inside the app, circulation through existing services, reward programs, and everyday payments.