Japan’s central bank plans a 25 bps hike to 0.75%, ending decades of near-zero rates, alongside major crypto firms collaborating to grow prediction markets.
Japan’s central bank is set to raise interest rates by 25 basis points to 0.75%, marking the end of nearly thirty years of near-zero policy. The rate hike could prompt capital flows away from U.S. markets, potentially lifting U.S. Treasury yields and complicating Federal Reserve rate-cut plans. In the cryptocurrency sector, 73 projects have raised over $10 million in the past three months, with funding concentrated on prediction markets, payment solutions, and tokenization of real world assets. Major industry players including Kalshi, Crypto.com, Robinhood, Coinbase, and Underdog have formed a prediction market alliance to expand this niche within crypto.