Core

Viewpoint: Japan's core inflation higher than expected sparks discussions on interest rate hikes, which may pose a threat to the cryptocurrency market

ChainCatcher news, according to CoinDesk, Japan's latest core inflation data has exceeded market expectations, sparking discussions about the possibility of the Bank of Japan (BOJ) raising interest rates, which could impact risk assets including cryptocurrencies. The data shows that Japan's core CPI rose 3% year-on-year in February, down from 3.2% in January but still above the market expectation of 2.9%. Meanwhile, Japan's overall CPI fell from 4% to 3.7%, but still far exceeds the BOJ's target inflation rate of 2%.Since November 2024, Japan's inflation rate has consistently been higher than that of the United States, currently exceeding by nearly 100 basis points, marking the largest gap since 2015. Coupled with the wage pressure from the "Shunto" spring labor negotiations, market expectations for a BOJ interest rate hike have intensified. The anticipation of a rate hike has strengthened the yen, but if the yen appreciates significantly, it may trigger market risk aversion, thereby putting pressure on risk assets like Bitcoin.As of the time of writing, the USD/JPY exchange rate is 149.22, having rebounded nearly 300 basis points since March 11, indicating a short-term weakening of the yen. However, the yield spread between U.S. and Japanese 10-year government bonds has narrowed, with Japanese 10-year bond yields maintaining above 1.5% and 30-year bond yields breaking 2.5%, both at multi-decade highs, which may support a stronger yen. The market is focused on the future direction of BOJ policy and its impact on global financial markets.

MemeCoin and the decentralized innovation platform MemeCore have completed a token round financing, with investments from Waterdrip Capital, CatcherVC, and IBC Group

ChainCatcher news, focusing on meme coins and decentralized innovation, the blockchain platform MemeCore has completed a token round financing, with participation from Waterdrip Capital, CatcherVC, and IBC Group. This financing marks an important step for MemeCore in building its ecosystem and integrating blockchain technology with meme culture.In addition to investment, MemeCore will also engage in further collaboration with Waterdrip Capital, CatcherVC, and IBC Group to explore potential strategic partnerships. These collaborations may include ecosystem expansion plans, joint development of blockchain infrastructure, and establishing partnerships with the rich portfolio projects of the three institutions. With the professional resources and industry influence of these investment firms, MemeCore aims to enhance the utility of its ecosystem, strengthen market positioning, and drive widespread adoption in the Web3 space.MemeCore CEO Jun stated, "MemeCore is committed to creating a decentralized 'playground' that empowers the meme community and blockchain projects. The support from Waterdrip Capital, CatcherVC, and IBC Group not only recognizes our vision but also provides us with strategic guidance and industry resources to accelerate our growth. We look forward to closely collaborating with our new partners to drive meaningful innovation and create long-term value for our ecosystem."

Roam Points - Token Reverse Burn Pool Launched, Stickers Become the Core of Arbitrage

ChainCatcher news, the Roam reverse burn feature has been launched, allowing users to convert ROAM tokens back to Roam Points within the app. The reverse conversion rate is based on the average rate of the general pool and the sticker pool, with 97% of the reverse burn tokens being immediately destroyed. This mechanism and the official burn pool feature will be activated after the TGE. Since the conversion efficiency of the sticker pool is higher than that of the general pool, users holding enough stickers can convert tokens into points through the reverse mechanism and then burn them in the normal sticker pool to earn more tokens for arbitrage. The number of stickers is the key burning material, which can only be obtained by checking in through the app. This process incentivizes users to participate in network validation, enhancing the value of ecological data, advertising, and traffic, and increasing cash income.The Roam burn pool went live on March 8 at 7:30 AM Beijing time. Through a dual burn mechanism, it will achieve dual deflation of points and tokens, ensuring the long-term stability of both values. Previously, on March 6 at 6:00 PM, ROAM spot trading went live, opening at $1.0433 and later stabilizing at $0.39, with trading volume exceeding expectations. The contract feature was launched on March 7 at 6:00 PM on seven exchanges including Bybit, Bitget, and LBank, supporting 1-50x leverage perpetual contracts, with a strong market response further injecting momentum into the ecosystem.
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