hodler

9 Jun 2026, 16:32

Japan's SBI Shinsei Bank to offer crypto rewards for deposits scheme

Japan’s SBI Shinsei Bank is planning a new program geared at giving its customers vouchers redeemable for cryptocurrency after they complete deposits, turning one of Japan’s largest banks into a possible crypto on-ramp for millions of customers saving money with the bank starting June 10. The program, first reported by Nikkei, offers vouchers worth 20% of the interest earned on specific eligible accounts. Customers can then redeem those vouchers for Bitcoin (BTC), Ether (ETH) or Ripple (XRP) through SBI VC Trade, the group’s licensed cryptocurrency exchange. What is the program’s makeup? According to the program’s details from SBI Shinsei, customers will keep their principal in yen in the bank and continue to collect standard interest on these savings. In addition, the bank will issue a voucher pegged to one-fifth of the interest payment, converted at the market price of the particular cryptocurrency being disbursed on the day interest is paid, according to Yahoo Finance. The crypto exposure is small in actual terms, as SBI Shinsei’s top-tier Hyper Deposit rate sits around 0.42% annually. This means the voucher represents a fraction of a fraction, but the point of the program is primarily access rather than yield. Participation requires a linked account at SBI VC Trade, and the bank plans to run an initial three-month pilot covering both ordinary and time deposits. A total of almost 4.33 million deposit accounts are eligible and could qualify for the program, with SBI Shinsei intending to make the service permanent if demand is justified. Why has SBI Shinsei launched this program? This program seems to be part of a wider strategy directed toward digital assets across SBI Holdings. The firm’s cryptocurrency exchange, SBI VC Trade, launched a retail USDC lending product in March, structured as a fixed-term loan to the exchange rather than a traditional bank deposit. In May, SBI also said it was exploring buying some shares in trading platform Bitbank, one month after SBI VC Trade acquired rival exchange Bitpoint Japan. SBI Holdings, a longstanding investor in Ripple through their joint venture SBI Ripple Asia, also has a history of distributing XRP as shareholder dividends and promotional bonuses, according to Ledger Insights. In March, the group issued a digital bond aimed at retail investors that paid XRP tokens as a bonus through SBI VC Trade accounts. The group’s securities arm, SBI Securities, is also preparing crypto-focused investment trusts and ETFs tied to BTC and ETH. A subsidiary of SBI Shinsei Bank, Aplus, began issuing Visa cards in May that accumulate cryptocurrency rewards. SBI has also operated in the crypto mining business through SBI Crypto since 2017 and acquired institutional market maker B2C2 in 2020, offering the company infrastructure across trading and liquidity. Can U.S. banks emulate this model? Japan regulates crypto under its Payment Services Act, with the Financial Services Agency licensing exchanges directly. This structure allows a bank to connect a directly affiliated exchange to its own deposits without breaching any banking laws. This framework is markedly different from the United States’ current setup, with the GENIUS Act, signed into law in July 2025, stopping stablecoin issuers from paying yield to their holders. An assessment from the Treasury Borrowing Advisory Committee also estimated that about $6.6 trillion in U.S. transactional deposits could face pressure if crypto products offered competitive returns. The pending CLARITY Act bill, widely supported by crypto exchanges and firms but antagonized by U.S. banks and financial institutions, would further restrict yield on stablecoins from service providers and their affiliated companies. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

9 Jun 2026, 16:25

Canadian Dollar Holds Steady as Middle East Risks and BoC Uncertainty Cap Gains

BitcoinWorld Canadian Dollar Holds Steady as Middle East Risks and BoC Uncertainty Cap Gains The Canadian dollar traded in a narrow range on Monday, struggling to find direction as escalating geopolitical tensions in the Middle East offset ongoing uncertainty over the Bank of Canada’s next policy move. The loonie remained near the 1.3650 level against the U.S. dollar, reflecting a market caught between competing risk factors. Geopolitical risk weighs on risk appetite Renewed hostilities in the Middle East, including reported strikes on energy infrastructure, have driven a flight to safe-haven assets, supporting the U.S. dollar broadly. The Canadian dollar, often sensitive to shifts in global risk sentiment, has been unable to capitalize on higher oil prices, which typically benefit Canada’s commodity-linked currency. Brent crude briefly touched $85 per barrel before retreating, but the price move was not enough to lift the loonie decisively. BoC policy divergence adds to headwinds Market participants are also weighing the Bank of Canada’s next rate decision, due later this month. Recent data showing cooling inflation and softer retail sales have fueled speculation that the BoC may cut rates sooner than the Federal Reserve. This policy divergence is capping the Canadian dollar’s upside, as traders price in a higher probability of a rate cut in Canada relative to the United States. What this means for traders and businesses For importers and exporters, the current range-bound environment offers little relief. A sustained move above 1.3700 could signal further weakness for the loonie, while a break below 1.3550 would require a significant shift in either geopolitical or monetary policy expectations. The lack of clear catalysts suggests the pair may remain range-bound until the BoC meeting or a major development in the Middle East. Conclusion The Canadian dollar remains trapped between opposing forces: elevated oil prices and a hawkish Federal Reserve versus a potentially dovish Bank of Canada and heightened geopolitical risk. Until one of these factors provides a clearer direction, the loonie is likely to trade in a relatively tight range, with traders watching both central bank rhetoric and headlines from the Middle East for the next catalyst. FAQs Q1: Why is the Canadian dollar not rising despite higher oil prices? Higher oil prices usually support the loonie because Canada is a major oil exporter. However, the U.S. dollar is strengthening due to safe-haven demand from Middle East tensions, and expectations of a Bank of Canada rate cut are weighing on the Canadian dollar. These two factors are offsetting the positive impact of oil. Q2: What is the next major event for the Canadian dollar? The next Bank of Canada interest rate decision, scheduled for later this month, is the key event. Markets will be watching for any signals on the timing and pace of potential rate cuts, which will have a significant impact on the loonie’s direction. Q3: How do Middle East tensions affect the Canadian dollar? Geopolitical tensions typically increase demand for safe-haven currencies like the U.S. dollar and Japanese yen. This puts downward pressure on risk-sensitive currencies like the Canadian dollar. Additionally, if tensions disrupt oil supplies, it can create volatility in oil prices, which also affects the loonie. This post Canadian Dollar Holds Steady as Middle East Risks and BoC Uncertainty Cap Gains first appeared on BitcoinWorld .

9 Jun 2026, 15:25

Gold Stays Near March Lows as Hawkish Fed Expectations Weigh on Sentiment

BitcoinWorld Gold Stays Near March Lows as Hawkish Fed Expectations Weigh on Sentiment Gold prices continued to trade near their lowest levels since March on Tuesday, as renewed expectations for a hawkish Federal Reserve policy stance and a strengthening US dollar kept the precious metal under pressure. Spot gold hovered around $2,310 per ounce, struggling to break out of a tight range after a sharp decline earlier this month. Fed Policy Expectations Drive Sentiment The recent slide in gold prices correlates directly with shifting market expectations for Federal Reserve interest rate policy. Following stronger-than-expected US jobs data and persistent inflation readings, traders have scaled back bets on early rate cuts. The CME FedWatch Tool now shows a reduced probability of a rate cut before September, with some analysts even discussing the possibility of a rate hike if inflation remains sticky. Higher interest rates increase the opportunity cost of holding non-yielding assets like gold, which has historically underperformed in high-rate environments. The US dollar index, which measures the greenback against a basket of major currencies, has climbed to its highest level in over a month, further dampening demand for dollar-denominated commodities. Technical and Fundamental Pressures From a technical perspective, gold has been unable to reclaim key support levels after breaking below $2,350 earlier this month. The March lows near $2,280 represent a critical support zone. A decisive break below that level could open the door for further downside toward $2,200, according to some chart analysts. On the fundamental side, central bank buying, which had been a major driver of gold’s rally in 2023 and early 2024, has shown signs of slowing. Data from the World Gold Council indicates that net central bank purchases in the first quarter of 2025 were lower than the same period last year, though still historically elevated. Geopolitical Factors and Safe-Haven Demand Despite the bearish near-term outlook, geopolitical tensions continue to provide a floor for gold prices. Ongoing conflicts in Eastern Europe and the Middle East, along with trade uncertainties between major economies, have kept safe-haven demand alive. However, the dollar’s strength has partially offset these supportive factors, limiting gold’s upside potential. What This Means for Investors For investors holding gold as a portfolio hedge, the current environment presents a challenging landscape. The metal’s inability to rally despite geopolitical risks suggests that monetary policy expectations are the dominant driver at present. Some analysts recommend waiting for clearer signals from the Fed before adding to positions, while others see the current pullback as a buying opportunity for long-term holders. The next major catalyst will likely be the Federal Reserve’s upcoming policy meeting, where updated economic projections and commentary from Chair Jerome Powell could provide direction. Markets will also closely watch upcoming US inflation data, which could either reinforce or challenge the current hawkish narrative. Conclusion Gold remains stuck near its March lows as hawkish Federal Reserve expectations and a strong US dollar weigh on sentiment. While geopolitical risks and central bank buying offer some support, the near-term outlook hinges on monetary policy developments. Investors should monitor upcoming economic data and Fed commentary for potential shifts in the interest rate outlook, which will likely determine gold’s next major move. FAQs Q1: Why is gold falling despite geopolitical tensions? Gold is currently more sensitive to Federal Reserve interest rate expectations and US dollar strength. While geopolitical risks usually support gold, the hawkish Fed outlook and rising dollar have become the dominant market drivers, outweighing safe-haven demand for now. Q2: What are the key support levels for gold? The immediate support is near the March lows around $2,280 per ounce. A break below that could lead to further declines toward $2,200. On the upside, resistance is at $2,350 and then $2,400. Q3: Should I buy gold now or wait? This depends on your investment horizon. Short-term traders may want to wait for clearer signals from the Fed. Long-term investors might view the current pullback as a potential buying opportunity, especially if they believe the Fed will eventually cut rates later this year or in 2026. This post Gold Stays Near March Lows as Hawkish Fed Expectations Weigh on Sentiment first appeared on BitcoinWorld .

9 Jun 2026, 15:02

J.P Morgan Recognizes Ripple (XRP) As a “Heavyweight”. Here’s why

Crypto researcher SMQKE (@SMQKEDQG) recently posted documentation that captured the attention of the XRP community. The post highlights a JP Morgan article from the Money20/20 conference in Las Vegas. In it, JP Morgan refers to Ripple as one of the “heavyweights” present at the event. That word choice has excited many in the XRP army. JP Morgan is one of the largest and most influential financial institutions in the world. When it uses that language about a crypto company, the industry notices. Even J.P Morgan recognizes Ripple as a “heavyweight” in the financial services industry. Documented. https://t.co/drW82Szzxh pic.twitter.com/ycxwD7SZKN — SMQKE (@SMQKEDQG) June 7, 2026 What JP Morgan Said About Ripple The article covers Money20/20 activity under a section titled “Money Reimagined.” It states that “heavyweights from Ripple, EMTECH and Deloitte shared their perspectives on how money could be reimagined in the age of CBDCs.” The panel addressed two tracks in global finance. Developed economies are weighing CBDC approaches through programs, such as the Digital Dollar and Digital Euro. Less developed economies see DeFi as a major opportunity. The article notes that stablecoins are “presenting new opportunities to the financially underserved” in those markets. It also identifies KYC and privacy concerns as current challenges. CBDC initiatives still need to solve the unbanked and populations with low mobile and broadband access. Ripple was part of that conversation at the highest level. Why This Matters for XRP Ripple’s core technology targets cross-border payments and financial infrastructure, and XRP powers these systems as a bridge asset . The company has spent years building relationships with banks, payment providers, and regulators worldwide. Being placed alongside Deloitte and EMTECH at a fintech conference covered by JP Morgan reflects that positioning. The XRP community has long argued that Ripple and XRP operate at an institutional level . This documentation supports that argument with a primary source from JP Morgan’s website. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The Takeaway SMQKE is a crypto researcher known for tracking institutional signals around XRP. His post is straightforward. He identifies the source, presents the screenshot, and lets the documentation speak. This focus on verifiable information rather than speculation has further bolstered the community’s excitement for the role XRP could play in global finance. The recognition from JP Morgan serves as proof of Ripple’s years of work . XRP is now a globally recognized asset, and this post captures a moment when one of the world’s top financial institutions categorizes Ripple with established legacy firms. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post J.P Morgan Recognizes Ripple (XRP) As a “Heavyweight”. Here’s why appeared first on Times Tabloid .

9 Jun 2026, 15:00

Euro’s Fate Tied to Dollar Moderation, Says NBC

BitcoinWorld Euro’s Fate Tied to Dollar Moderation, Says NBC A new analysis from NBC suggests that the euro’s near-term trajectory is heavily dependent on a moderation in the strength of the US dollar. The report, which draws on recent market data and expert commentary, indicates that without a meaningful shift in dollar dynamics, the euro may struggle to gain sustained upward momentum. NBC’s Core Argument: Dollar Strength as the Key Variable NBC’s analysis centers on the premise that the euro is currently in a reactive position, with its value largely dictated by external factors—primarily the performance of the US dollar. The report notes that while the euro has shown periods of resilience, these have often been short-lived, failing to establish a durable upward trend. The key takeaway is that a sustained recovery for the euro is unlikely unless the dollar enters a phase of moderation, driven by shifts in US monetary policy, economic data, or global risk appetite. Market Context and Broader Implications The assessment arrives at a time when currency markets are closely watching the US Federal Reserve’s next moves. A persistently strong dollar has weighed on the euro, making European exports more competitive but also raising import costs and inflationary pressures in the eurozone. The NBC report suggests that any signal from the Fed indicating a pause or reversal in rate hikes could trigger the dollar moderation that the euro needs to recover. Conversely, continued hawkishness from the Fed could keep the euro under pressure, with the single currency remaining in a defensive posture. Why This Matters for Investors and Businesses For investors, the euro-dollar exchange rate is a critical benchmark affecting portfolio valuations, cross-border investment flows, and hedging strategies. A weaker euro benefits European exporters by making their goods cheaper abroad, but it also increases the cost of imported energy and raw materials, which are often priced in dollars. For businesses operating across the Atlantic, currency volatility introduces uncertainty in revenue and cost planning. The NBC analysis provides a framework for understanding the key driver—dollar moderation—that could signal a turning point for the euro. Conclusion The NBC report underscores a fundamental reality in currency markets: the euro’s fate is not entirely in its own hands. While eurozone economic fundamentals and European Central Bank policy play a role, the overriding influence remains the US dollar. A moderation in dollar strength appears to be the single most important condition for a meaningful euro recovery. Market participants will be watching upcoming US economic data and Fed communications for any signs of the shift that could unlock the euro’s next move. FAQs Q1: What does ‘dollar moderation’ mean in this context? It refers to a period where the US dollar weakens or stabilizes after a phase of sustained strength, often due to changes in Federal Reserve policy, slowing US economic growth, or increased global risk appetite. Q2: How does a strong US dollar affect the euro? A strong dollar typically pushes the euro lower, making European goods cheaper for international buyers but increasing the cost of dollar-denominated imports like oil. It can also put pressure on eurozone inflation and corporate earnings. Q3: What could trigger the dollar moderation NBC mentions? Possible triggers include the Federal Reserve cutting interest rates, weaker-than-expected US economic data, a resolution to geopolitical tensions that reduces safe-haven demand for the dollar, or a shift in global investor sentiment toward riskier assets. This post Euro’s Fate Tied to Dollar Moderation, Says NBC first appeared on BitcoinWorld .

9 Jun 2026, 14:03

Why Didn’t Bitcoin Go Higher? Arthur Hayes Blames the AI Spending Frenzy

BTC has been under tremendous pressure as it struggles below $63,000. Arthur Hayes said he believes the AI boom has absorbed a significant portion of newly created dollar liquidity, which, according to the BitMEX co-founder, explains why bitcoin has struggled to rally further despite a broader expansion in money supply. In a recent blog post, Hayes revisited his long-held belief that crypto markets are largely driven by fiat liquidity and acknowledged that he may have overlooked an important factor: where that liquidity was actually flowing. Bitcoin vs. AI Bitcoin should have performed much better given the increase in dollar creation over the past few years, but instead AI-related investments attracted a larger share of capital. The commercial launch of ChatGPT in November 2022 was the beginning of what Hayes called the “great AI bubble.” During the same period, bitcoin recovered from its post-FTX lows and rose from roughly $15,000 to around $125,000 by October 2025. However, AI-linked stocks significantly outperformed crypto. Hayes cited Nvidia’s roughly 11x increase compared to BTC’s 7x gain over a similar timeframe. He also observed that AI’s outperformance accelerated from late 2024 onward, while bitcoin later declined sharply from its peak. Hayes said his previous models focused mainly on the headline amount of fiat creation and assumed that enough of that liquidity would eventually find its way into bitcoin. But this approach failed to account for the enormous capital demands created by the AI industry. The former BitMEX CEO described AI as an extremely capital-intensive sector that requires vast investments in data centers, electricity generation, specialized chips, and supporting infrastructure. He explained that the rapid expansion of data center spending that began in 2024 and accelerated in 2025 created a massive need for financing. Referring to estimates compiled from public disclosures, he said AI-related firms issued approximately $1.5 trillion in debt between November 2022 and the present. Of that total, around $1.3 trillion was raised from 2025 onward as spending on AI infrastructure surged. Hayes compared that figure with growth in the US M2 money supply over the same period, which he estimated also increased by around $1.5 trillion. Based on those numbers, he concluded that AI effectively absorbed nearly all newly created dollar liquidity. He wrote, “AI sucked up all created dollars.” More Turbulence Ahead? The latest concerns come as some analysts remain cautious about the cryptocurrency’s near-term outlook. Market analyst Doctor Profit recently said that bitcoin has entered the fifth stage of a six-stage bear market cycle, a phase characterized by increased volatility and emotional stress for investors. He said that the recent pullback was not the final bottom but a setup for further turbulence ahead. The analyst flagged the $40,000-$48,000 range as the most likely area for BTC’s eventual cycle low, potentially between September and October 2026. The post Why Didn’t Bitcoin Go Higher? Arthur Hayes Blames the AI Spending Frenzy appeared first on CryptoPotato .