Asia's weekly TOP10 crypto news (Jan 20 to Jan 26)
1. The Bank of Japan Increases Interest Rates by 25 Basis Points link On January 24, 2025, as expected, the Bank of Japan raised interest rates by 25 basis points, increasing the target interest rate from 0.25% to 0.50%. This is the largest interest rate hike since 2007, pushing the interest rate to its highest level since October 2008. Since resuming interest rate hikes in March last year, the Bank of Japan has carried out three interest rate hikes in less than 12 months. 2. Shanghai CPPCC Members Propose: Establishing a Blockchain “Special Zone” and Digital Sandbox in a Coordinated Manner link Wang Yi, a member of the Shanghai Municipal Committee of the Chinese People’s Political Consultative Conference and President of the Shanghai Blockchain Technology Association, said that the total market capitalization of foreign cryptocurrencies is approaching $4 trillion, while the domestic blockchain industry has taken a relatively “lonely” path. She suggested introducing advanced concepts a...