Revolut launches its own retail wealth application to compete with Robinhood and eToro

[UBS Expects Bank of Japan to Raise Interest Rates in the Coming Months] UBS Chief Japan Economist stated that the Bank of Japan is highly likely to raise interest rates in the next few months, with a forecasted 25 basis point hike in January, and a possible rate hike in December as well. Currently, Japan's real interest rate is negative, the financial environment remains loose, and inflation dynamics support reducing easing policies. Long-term inflation expectations may rise to 2.0%. Additionally, the government may push for fiscal expansion, further increasing inflationary pressure.

[Japan Plans to Allow Banks to Hold Bitcoin, Potentially Reshaping Its Position in Digital Finance] On October 21, Japan's Financial Services Agency plans to promote banks holding digital assets such as Bitcoin and allow them to register as cryptocurrency exchanges. If the bill passes, it will end the related ban in place since 2020. This move aims to provide banks with new investment channels while establishing a risk protection framework, enhancing Japan's position in the global digital financial system. Meanwhile, Sanae Takaichi is set to become Japan's first female prime minister, and her economic policies have sparked market enthusiasm, with the Nikkei Index hitting new highs for two consecutive days. Analysts believe that policy liberalization and political transition may usher in a new cycle for Asian asset structures. The future focus will be on regulatory details and the pace of banks entering the market.

[Japan Plans to Allow Banks to Hold Bitcoin, Potentially Reshaping Global Digital Finance Status] On October 21, Japan's Financial Services Agency plans to promote the legalization of banks holding digital assets such as Bitcoin and allow them to register as cryptocurrency exchanges. If this reform is passed, it will end the related ban in place since 2020, enabling banks to include crypto assets in their investment portfolios. Regulators will establish a risk protection framework to ensure financial stability. This move is seen as a significant step in Japan's positioning within the global digital financial system. Meanwhile, Sanae Takaichi is set to become Japan's first female prime minister, and her new policies have sparked market optimism regarding low interest rates and industrial investment. The Nikkei Index has hit record highs for two consecutive days. Analysts believe that Japan's financial policies and political changes may usher in a new cycle for asset structures in Asia.

[SpaceX Transfers $268 Million BTC to Two Addresses] Monitoring shows that SpaceX has transferred approximately $268 million worth of Bitcoin again after three months. Among them, 1,187 BTC were sent to address bc1qq...4sduw, and 1,208 BTC were sent to address bc1qj7...6kqef. In July, similar transfer recipient addresses were previously marked as Coinbase Prime Custody addresses, possibly indicating a wallet organization operation this time. (Ai Yi)

[Walmart Plans to Accept Cryptocurrency Payments via OnePay Cash] Walmart intends to accept cryptocurrency payments through its fintech company OnePay Cash and plans to launch cryptocurrency trading and custody services later this year. Users will be able to trade Bitcoin and Ethereum via a mobile app, and the service will be carried out in collaboration with the startup Zerohash.