Bloomberg: The continued collapse of the yen is an extreme reflection of the U.S. financial dominance
The US dollar rose and the yen hit a 38-year low; the yen intervention failed and "it's all about the Fed."

The US dollar rose and the yen hit a 38-year low; the yen intervention failed and "it's all about the Fed."
The long digital asset boom that began in 2023 is now fading; analysts are skeptical about the prospects for ETF inflows.
Stocks and gold have also outperformed Bitcoin this quarter; JPMorgan strategists warn of the risk of slowing cryptocurrency inflows.
Russian commodity companies that have experienced difficulties in conducting financial transactions with Chinese partners have begun using cryptocurrencies for payments.
Bloomberg reveals that concerns over inflation and uncertainty have led to decreased trading volumes on cryptocurrency exchanges, causing Bitcoin, ETH, SOL, XRP, and SHIB prices to plummet.
Binance Holdings Ltd’s efforts to re-enter the UK market have been thwarted by potential local partners’ reluctance to work with it amid regulatory opposition.
Delving into the U.S. SEC-Coinbase Legal Battle: Insights from the January 17 Hearing and Bloomberg Intelligence's Legal Perspective
Bloomberg Intelligence's analysis provides a positive outlook for Coinbase in its legal battle with the SEC. With a 70% chance of success, the cryptocurrency exchange's legal strategy and arguments seem to be gaining traction.
Nearly a dozen companies are vying to launch spot Bitcoin funds as the U.S. Securities and Exchange Commission prepares for a key vote on pending documents later this week.
Mike McGlon, senior commodities strategist at Bloomberg, said that bitcoin prices may stage a bullish rally this year as the market shows signs similar to the 2018 bottom.