BITPRISMIA
The Euro Yen exchange rate has surged to a one-year high due to Japan's weak Yen, driven by the Bank of Japan's dovish monetary policy and political uncertainty surrounding the upcoming Japan election.
A cryptocurrency-backed super PAC, Fairshake, has raised $140 million to support pro-crypto lawmakers in the midterm elections, with major contributions from companies like Coinbase and Ripple.
Bank of America (BofA) warns that the Japanese Yen (JPY) faces underappreciated election risks that could trigger significant volatility, impacting global markets due to its role in carry trades and as a safe-haven currency.
33-year-old socialist Zohran Mamdani, a New York State Assembly member, is running for NYC mayor with a platform focused on affordability and criticized by Crypto Twitter for his anti-crypto stance.