Nakamoto Inc. has launched an actively managed Bitcoin derivatives program aimed at generating income from market volatility while reducing downside exposure, according to a company statement released Friday.
The program, in operation since the first quarter of 2026, is structured as a complement to Nakamoto’s core strategy of holding Bitcoin as a treasury asset. It uses a portion of the company’s Bitcoin holdings as collateral in a derivatives strategy managed by Bitwise Asset Management through a separately managed account. Custody services are provided by Kraken Institutional.
The initiative centers on two primary components: an income sleeve and a hedging sleeve. The income sleeve involves writing covered calls and call spreads against a defined share of Nakamoto’s Bitcoin holdings. This approach seeks to capture premiums from options markets, where implied volatility in Bitcoin pricing often exceeds realized volatility.
The hedging sleeve focuses on purchasing protective puts and put spreads. These positions are designed to offset potential losses during periods of price decline, providing a buffer against adverse market moves. According to the company, premiums generated from the income sleeve may help fund the cost of these protective positions.
Tyler Evans, chief investment officer of Nakamoto and UTXO Management, said the firm views Bitcoin’s implied volatility as a consistent source of opportunity. He described the program as a structured effort to convert that volatility into shareholder value while maintaining exposure to the underlying asset.
Bitcoin used as collateral within the program remains under Nakamoto’s ownership and continues to be counted toward its reported holdings. The company emphasized that derivatives positions supplement its spot Bitcoin exposure rather than replace it.
Premiums collected through the program may be received in either Bitcoin or U.S. dollars, depending on the structure of each trade. Nakamoto said these proceeds can be allocated toward hedging costs, additional Bitcoin purchases, or general corporate needs in line with its capital allocation strategy.
The program operates under a unified investment mandate that defines limits on notional exposure, eligible instruments, counterparties, and custody requirements. It also accounts for the tradeoff between income generation and potential limits on upside participation due to call option positions.
Nakamoto framed the strategy as part of a broader effort to generate yield from its Bitcoin treasury while maintaining long-term accumulation goals. The company said the hedging component is intended to support balance sheet stability and reduce the risk of forced asset sales during periods of market stress.
Performance details from the program’s first quarter of operation are expected to be disclosed in Nakamoto’s upcoming Form 10-Q filing.
Bitcoin Magazine is published by BTC Inc, a subsidiary of Nakamoto Inc. (NASDAQ: NAKA)
#Nakamoto #NAKA #Launches #Bitcoin #Derivatives #Program #Capture #Volatility #Income #Hedge #Downside #Risk
]]>Michigan State football has made a massive splash in the 2027 recruiting class, adding their highest ranked prospect of the class at a massive position of need. Ohimai Ozolua has made the decision to commit to Michigan State.
Ozolua, a 6-foot-5, 245-pound defensive lineman comes to the Spartans highly touted, and will be a great prospect to add to the defensive line. A native of Chicago (IL), he has been a stand out at St. Rita of Cascia, and has garnered national attention.
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A 4-star prospect, Ozolua ranks as the No. 408 overall player in the country, as well as the No. 49 defensive lineman.
Aside from Michigan State, Ozolua held major offers from Boston College, Illinois, Iowa, Miami, Michigan, Minnesota, Missouri, Nebraska, Ohio State, Penn State, Purdue, Tennessee, Vanderbilt and Wisconsin.
Contact/Follow us @The SpartansWire on X (formerly Twitter) and like our page on Facebook to follow ongoing coverage of Michigan State news, notes and opinion. You can also follow Cory Linsner on X @Rex_Linzy
This article originally appeared on Spartans Wire: Michigan State football lands commitment from 4-star Chicago DL
#Michigan #State #football #lands #commitment #4star #Chicago
Suriya is next set to appear in a lead role in the fantasy actioner Karuppu. Directed by RJ Balaji, the movie is slated to release on May 14, 2026. Now, it appears that the actor’s subsequent release, Vishwanath and Sons, may arrive in theaters just 71 days later.
Suriya’s Vishwanath and Sons to release just 71 days after Karuppu?
According to an online report, Vishwanath and Sons is expected to release on July 24, 2026, coinciding with Suriya’s 51st birthday. With Karuppu hitting the big screens on May 14, the second film would arrive just 71 days later.
However, this remains unconfirmed, as no official announcement has been made by the makers. Reportedly, his brother Karthi’s Sardar 2 is also expected to release in theaters by the end of June, falling between the release windows of Suriya’s two films.
For those unaware, Vishwanath and Sons follows the story of Sanjay Vishwanath, a 40-year-old former international pistol-shooting champion attempting a comeback despite failing eyesight. The narrative centers on his complex relationship with a vibrant woman 20 years his junior, Maddy, who falls in love with him, creating emotional conflict.
Directed by Venky Atluri, the film features Mamitha Baiju as the co-lead, alongside Radikaa Sarathkumar and Raveena Tandon in key roles.
Suriya’s work front
Suriya will next appear in Karuppu. The film is set in a world undergoing an extremely difficult and chaotic phase, where fear, injustice, and suffering have become part of everyday life. Amid this turmoil, a mysterious figure emerges—a man who rises as an unlikely superhero.
The story follows his journey from obscurity to becoming a symbol of hope. As he confronts personal struggles and harsh realities, he gradually discovers his strength and purpose. The film explores how good ultimately triumphs over evil.
Alongside Suriya, the film stars Trisha Krishnan as the co-lead. It also features Indrans, Natty Subramaniam, Swasika, Sshivada, Anagha Maaya Ravi, Supreeth Reddy, and Yogi Babu in key roles. The film’s music and background score are composed by Sai Abhyankkar. The audio launch is scheduled to take place on April 26, 2026.
Looking ahead, the actor is currently filming for his tentatively titled project Suriya 47, directed by Aavesham fame Jithu Madhavan.
Disclaimer: The content in this article is intended for informational and entertainment purposes only and is based on publicly available sources and third party statements.
The views, events, and details mentioned are not verified by the subjects themselves and may be subject to change. This article does not intend to infringe on anyone’s privacy or misrepresent facts. This content should be treated as editorial commentary rather than verified fact, and readers are advised to independently verify any information before relying on it.
Pinkvilla assumes no responsibility or liability for any errors, omissions, or inaccuracies in the content.
ALSO READ: Thalapathy Vijay-Sangeetha: 5 Times when Jana Nayagan actor heartily praised his wife
#Suriya #starrer #Vishwanath #Sons #hit #big #screens #July #days #Karuppu #Heres
]]>Bitcoin’s latest onchain and derivatives data point to a constructive setup, with VanEck highlighting negative funding rates and a clustered hash rate drawdown alongside softer volatility and cautious positioning.
The firm notes in their latest report that realized volatility fell from about 56% to 41% as US‑Iran tensions eased, while the 7‑day average funding rate dropped to roughly -1.8%, its lowest level since 2023 and in the 10th percentile of readings since late 2020.
Since 2020, bitcoin’s average 30‑day return during periods of negative funding has been 11.5%, compared with 4.5% across all periods, with a 77% hit rate for positive performance. When annualized funding sank below -5%, subsequent 30‑day returns averaged 19.4%, and 180‑day returns reached 70%, making negative funding a recurrent contrarian buy signal. VanEck also reports that 19 of the top 50 180‑day return windows since 2020 began on days with negative funding, despite such periods representing only about 13.6% of the sample.
On the mining side, the 30‑day moving average hash rate has fallen to the 16th percentile over 30 days and 9th percentile over 90 days, while difficulty has slid to the 5th and 6th percentiles on those horizons.
Three sustained hash rate decline episodes have appeared since December 2025, the densest cluster since China’s 2021 mining ban, with the latest drawdown of about 6.7% ending on April 15, 2026. Across seven completed historical drawdowns, bitcoin was higher 90 days later in six cases, with a median gain of 37.7% and a 63.1% median gain over 180 days.
Derivatives and onchain activity reflect guarded sentiment rather than capitulation. Put premiums relative to spot volume are more than six times their April 2024 level, while active supply over the last 180 days slipped to 28.4%, signaling greater holder dormancy.
Long‑tenured cohorts, particularly 7‑10 year and 10+ year holders, increased spent volume to the 85th and 90th percentiles of the past four years, but VanEck stresses that such movements do not always represent outright selling.
Taken together, the firm concludes that negative funding and hash rate stress form a reinforced bullish backdrop for bitcoin.
“Both mining rate drawdowns and negative funding rates have been associated with strong forward BTC returns. As such, we have become increasingly bullish on bitcoin,” the analysts wrote.
Editorial Disclaimer: We leverage AI as part of our editorial workflow, including to support research, image generation, and quality assurance processes. All content is directed, reviewed, and approved by our editorial team, who are accountable for accuracy and integrity. AI-generated images use only tools trained on properly license material. In Bitcoin, as in media: Don’t trust. Verify.
#VanEck #Flags #Dual #Bullish #Signals #Bitcoin #Funding #Turns #Negative #Hash #Rate #Slips
]]>TORONTO (AP) — The Toronto Blue Jays are moving Jeff Hoffman out of the closer’s role, general manager Ross Atkins said before Friday’s game against Cleveland.
“In the short term, we are going to share that responsibility,” Atkins said.
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Hoffman is 1-2 with three saves in six chances and a 7.59 ERA in 12 games this season, his second with Toronto.
Hoffman blew the save in the ninth inning of Game 7 of the 2025 World Series when he gave up a game-tying home run to Dodgers infielder Miguel Rojas. It was the only homer Hoffman allowed in 12 1/3 postseason innings after giving up 15 in the regular season.
“I’ve cost everybody in here a World Series ring,” Hoffman said in Toronto’s clubhouse following that emotional loss.
Hoffman came on for the save in the ninth inning of Tuesday’s game against the Angels. He struck out Zach Neto to begin the inning, but the next four batters reached safely, with two of them hit by pitches. Louis Varland replaced Hoffman and got Nolan Schanuel to ground into a game-ending double play.
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Varland and sidearming right-hander Tyler Rogers are among the candidates to close games for the Blue Jays.
Hoffman signed a $33 million, three-year contract with Toronto in January 2025. He was a first-time All-Star with Philadelphia in 2024.
The Blue Jays picked Hoffman ninth overall in the 2014 draft. He was traded to Colorado the following year in a blockbuster deal that brought star shortstop Troy Tulowitzki and reliever LaTroy Hawkins to Toronto.
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AP MLB: https://apnews.com/hub/mlb
#Blue #Jays #moving #struggling #Jeff #Hoffman #closers #role
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Euphoria made sure to pay tribute to its late cast member Eric Dane. The late 53-year-old died in February 2026, less than a year after revealing his ALS (amyotrophic lateral sclerosis) diagnosis. As season 3 of the hit HBO series plays out, viewers are watching the final scenes that Eric worked on toward the end of his life, including Nate and Cassie’s wedding sequence. So, when exactly did he film all of his scenes?
Here’s the timeline between Eric’s ALS diagnosis, his work on Euphoria‘s third season and his heartbreaking death.
Eric announced his ALS diagnosis in April 2025, one year before season 3 of Euphoria premiered.
ALS is also known as Lou Gehrig’s disease. It is a rare degenerative illness that causes paralysis of the muscles, which gradually weakens a patient’s ability to speak, eat, walk and even breathe on their own. Those living with the condition usually start to experience twitching in a limb, then slurred speech.
Since principal photography commenced for season 3 in February 2025, Eric likely shot his scenes between then and the end of 2025 when they wrapped production.
After revealing his ALS diagnosis, the Grey’s Anatomy alum said it would “take 20 to 30 days to shoot an episode of Euphoria. And that is an absolute luxury.”
“When I shot Bad Boys, we didn’t shoot more than three pages a day; that was a big day if we shot three pages,” he told Variety in June 2025. “And that pace, for an artist, is a lot more ideal. I learned very early what the rhythm was on an eight- to 10-day shoot to complete an episode. It comes naturally to me, but I have to tell you, it’s fucking exhausting sometimes.”
During his interview, the actor pointed out that he would “try to make different choices” while playing his character, Cal Jacobs. He’d find “many moments” to expand his character.
“There’s many moments of discovery that you don’t necessarily get when you’re shooting eight days to complete an episode — when there’s not a lot of takes, so there’s not a lot of moments for character-building,” he explained.
Eric unfortunately died on February 19, 2026. Two months later, season 3 of Euphoria premiered.
#Eric #Dane #Film #Euphoria #Season #Scenes #Died #Hollywood #Life
]]>The Department of Justice ended its criminal investigation into Federal Reserve Chair Jerome Powell on Friday, removing the last major obstacle to Senate confirmation of Kevin Warsh as the central bank’s next leader — a development with consequences for monetary policy and Bitcoin.
U.S. Attorney for the District of Columbia Jeanine Pirro announced the closure of the probe, which had been launched over alleged cost overruns on a $2.5 billion renovation of the Fed’s Washington headquarters.
Pirro said she was transferring the matter to the Fed’s own inspector general, calling for “a comprehensive report in short order.” She left open the possibility of reopening criminal proceedings if warranted.
The investigation had no legal foundation. A federal judge, James Boasberg, quashed DOJ subpoenas in March after a prosecutor conceded the government had found “essentially zero evidence” of a crime, branding the justification as “thin and unsubstantiated.” Powell himself called the probe a political weapon, stating in January that it was “a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.”
Senator Thom Tillis, a North Carolina Republican on the Senate Banking Committee, had vowed to block Warsh’s confirmation until the probe ended, describing it as “bogus.” His opposition, combined with unified Democratic resistance, had stalled the nomination. With the investigation now closed, leadership expects a swift committee vote and floor confirmation before Powell’s term expires on May 15.
Warsh, 56, a former Fed governor and Stanford professor, testified before the Senate Banking Committee on Tuesday and pledged “strict independence” from the White House on rate decisions. “The president never once asked me to commit to any particular interest rate decision, period,” Warsh said.
Senator Elizabeth Warren called him a “sock puppet” for Trump, while Republicans praised his qualifications.
For Bitcoin, the stakes are significant. The cryptocurrency has traded in the $70,000–$92,000 range this year as the Fed held rates steady at 3.5%–3.75%, with traders watching every signal from the central bank.
Lower interest rates historically reduce yields on conventional assets, pushing capital toward risk assets like Bitcoin. When the DOJ first launched its probe in January, Bitcoin climbed toward $92,000 as institutional investors read the attack on the Fed as a threat to dollar credibility and a potential catalyst for rate cuts.
Warsh is considered more hawkish than Powell on inflation, having called the Fed’s post-pandemic rate response “the biggest policy error in 40 or 50 years.”
Should he take the helm on May 15 and maintain a restrictive stance, Bitcoin bulls betting on rate-cut-driven liquidity expansion may find themselves waiting longer than expected.
#DOJ #Drops #Criminal #Probe #Fed #Chair #Powell #Clearing #Path #Warsh
]]>Chelsea’s players downed tools, and it was put to Calum McFarlane that their performances haven’t been good enough – he responded.
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The performance of some of Chelsea’s players in recent weeks has been utterly disgraceful as they downed tools to get Liam Rosenior sacked.
In his first press conference since replacing Rosenior and taking up a role as caretaker for the rest of the season, Calum McFarlane defty dodged questions about whether he thought that squad had stopped playing for their last manager, particularly in their shocking display against Brighton on Tuesday.
“Yeah, the performance wasn’t good enough. Everyone associated with the club knows that, the players know that,” McFarlane admitted.
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“I thought Brighton were very good on the night. I don’t think they’ve got enough credit. I think they’re in a really good place. They’re a really good side with a really good manager. Our performance wasn’t good enough and we’re going to address that on Sunday and make sure that we perform to our level.”
McFarlane was pushed further, asked if it was then a “fair assumption” that the players weren’t playing for their manager.
“Who’s to say? That’s not something I’ll comment on.”
We never expected him to, in reality. We all know what we’ve seen in the last few weeks, we don’t need him to confirm it.
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McFarlane also gave an injury update on some of Chelsea’s key attacking players who are racing to be fit for Sunday.
Chelsea’s team collapse has been caused by (and led to) players individual ratings falling too.
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Check out the latest edition of Simon Phillips’ SPTC podcast here:
#Chelsea #caretaker #boss #cleverly #dodges #questions #squads #disgraceful #behaviour
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Fans of Summer House are no strangers to drama, but the buzz surrounding the season 10 reunion has reached a whole new level. A shocking audio leak has sent the fandom into overdrive, sparking questions about what really went down during filming on April 23, 2026. But more importantly, when can Bravo viewers actually watch the reunion episode?
Below, find out the release date for the season 10 reunion and what the leaked audio unveiled.
The Summer House frenzy began when alleged audio from the season 10 reunion surfaced on April 24, 2026, weeks ahead of its official release date. Clips quickly circulated across social media platforms. And in true reality TV fashion, the leaked audio captured heated exchanges between cast members.
The source of the leak is still unclear, but speculation points to someone with access to production materials. Bravo addressed the leak in a statement announcing a “full investigation.”
“This represents a serious breach of trust and a clear lack of respect for the cast, crew, and the integrity of the production process,” Bravo said. “We take this matter very seriously and have launched a full investigation and we will take appropriate action based on our findings.”
The “Summer House” cast slams Amanda Batula in an audio leak from the reunion, Bravo is investigating. https://t.co/8lsyPKhoeH pic.twitter.com/m7WkGuDoK1
— TMZ (@TMZ) April 24, 2026
Among the most talked-about moments in the leaked audio were the interactions involving Amanda Batula and Ciara Miller. According to fans who listened to the clips, the reunion episode dives into the tension between the two about Amanda’s relationship with Ciara’s ex West Wilson.
“Nobody was saying that you needed to stay celibate or what the f**k ever, but there are a million other f**king guys in New York City,” Ciara was heard saying in the clip to Amanda. “But you chose one that — and you know how much that f**ked me up — and you chose the one guy.”
Ciara went on to call Amanda a “snake in the f**king grass” and added, “You should honestly just say ‘OK’ because you know you are. You move silent, but you’re f**king deadly.”
Despite the early leak, Bravo is sticking to its planned release for the reunion. The Summer House season 10 reunion episode is scheduled to air on May 26 at 8 p.m. ET on Bravo. Fans without cable can stream the reunion the following day on Peacock.
Catching up on Summer House is easier than ever. New episodes air on Bravo, and viewers can stream them on Peacock.
#Summer #House #Season #Reunion #Release #Date #Leak #Hollywood #Life
A closer look at why the consultation’s proposed deferral sits awkwardly inside a rules-based benchmark and what a better path forward might look like.
JPX Market Innovation & Research (JPXI) is considering a new rule that would defer companies whose principal asset is cryptoassets from new inclusion in TOPIX and other periodically reviewed indices. The proposal is measured in tone, and the underlying concern, how to treat a newly emerging category of issuer, is a reasonable one for any index provider to think about.
But the specific rule under consultation raises real questions. It would affect companies like Metaplanet, Remixpoint, and ANAP Holdings, along with a growing set of Japanese issuers whose business models are fully legitimate, fully regulated, and fully aligned with long-standing corporate treasury practices.
Here are seven reasons JPXI should reconsider the proposal before February 2026.
TOPIX is designed to function as a broad, neutral, investable benchmark of the Japanese equity market. Its methodology already contains objective tools for that purpose: liquidity screens, free-float-adjusted market capitalization criteria, continuation buffers, and established treatment for delistings and other listing-quality events.
A crypto-asset screen is a different kind of test. It doesn’t measure liquidity, free float, turnover cost, market capitalization, or listing quality. It looks instead at the composition of a company’s balance sheet.
That’s a meaningful departure from how TOPIX eligibility has historically worked, and it deserves a clearer justification than the consultation currently provides. If a company satisfies TOPIX’s ordinary eligibility requirements, deferring it because of one category of asset introduces a new kind of judgment into a methodology that has been valued precisely for its objectivity.
The consultation refers to companies whose “principal asset is cryptoassets,” but leaves several administrative questions open:
These aren’t edge cases. They determine which companies the rule actually applies to. Index methodology gains its credibility from rules that are objective, measurable, and consistently administrable, and a clearer definition would help everyone: issuers, investors, and JPXI itself.
A practical concern follows from the definitional question. If direct Bitcoin holdings by the parent company are disfavored, but equivalent exposure through other structures is not, the rule becomes sensitive to legal form rather than economic substance.
Consider the asymmetry:
The economic exposure in these cases can be very similar. The index treatment would be quite different. That creates an incentive for issuers to restructure toward less transparent forms of exposure rather than disclose direct holdings on the balance sheet. A benchmark rule generally works better when it encourages clear disclosure rather than the opposite.
The consultation contemplates deferring new inclusion while not applying the rule to existing constituents. This is understandable from a stability standpoint, no one wants unnecessary index churn.
But it also creates an internal tension in the rule’s logic. If Bitcoin treasury exposure were genuinely incompatible with TOPIX, it would be difficult to justify exempting current members. And if it isn’t incompatible, it’s worth asking why new entrants meeting the same investability criteria should be treated differently.
Reconciling that asymmetry would strengthen the proposal considerably.
The consultation says the deferral would apply “for the time being,” without specifying a review period, exit standard, or sunset mechanism. In practice, that leaves the timeline open-ended.
The timing matters here. October 2026 will be the first periodic review under the next-generation TOPIX framework in which Standard and Growth market companies can become eligible through the new process. A deferral that coincides with that review, without a defined path back to eligibility, could function as a longer-term exclusion even if it isn’t framed that way.
A clearer review cadence, or an explicit sunset, would make the proposal easier to evaluate on its merits.
JPXI is not the only index provider thinking about this. MSCI recently considered a threshold-based approach to digital-asset treasury companies and ultimately did not adopt a blanket exclusion, acknowledging the need for further work to distinguish operating companies from non-operating or investment-like entities. FTSE Russell has not announced a comparable rule.
The common thread is that the classification question is genuinely unsettled. Operating companies that hold Bitcoin alongside other business lines: media, energy, retail, mining, infrastructure, don’t fit neatly into existing categories, and the global index community is still working out how to think about them.
Given that, there’s a reasonable case for JPXI to engage further with issuers and market participants before codifying a rule, rather than moving ahead of where the broader conversation has landed.
If the underlying concern is that some listed companies have become more concentrated or investment-like, that concern is worth addressing, but it isn’t unique to cryptoassets. Concentrated holdings can take many forms: listed equities, private-company stakes, fund interests, real estate, or other non-operating assets.
A framework that applies consistently across these categories would likely be more durable than a single-asset rule. It would also sidestep the definitional and arbitrage concerns above, since the test would focus on the economic characteristic JPXI actually cares about rather than on one particular asset class.
Several paths could accomplish this:
None of this is to say JPXI’s instinct to think carefully about a new category of issuer is wrong. It isn’t. Bitcoin treasury companies are relatively new, and their prominence in Japan has grown quickly enough that questions about how to treat them are worth taking seriously.
But the specific rule on consultation is narrower, vaguer, and more open-ended than the questions it’s trying to answer. A clearer definition, a defined review period, and an asset-neutral framing would go a long way toward addressing the underlying concerns while preserving what has made TOPIX a trusted benchmark: objective, rules-based eligibility that reflects the Japanese equity market as it is.
That combination, substance over form, clarity over ambiguity, neutrality across asset classes, seems like the stronger path forward.
Bitcoin For Corporations has organized a coalition letter urging JPXI to withdraw the proposed exclusion and preserve TOPIX as a neutral, rules-based benchmark. The public comment period closes May 7, 2026 and every signature strengthens the case that this issue matters to issuers, investors, and market participants worldwide.
If the arguments above resonate, add your name. Individuals and organizations from any jurisdiction can sign.
→ Sign the coalition letter at topix.bitcoinforcorporations.com
You can also review the full position letter, see who has already signed, and share the campaign with your network from the same page. The deadline is firm, and the window to shape JPXI’s final decision is short.
Disclaimer: This content was prepared on behalf of Bitcoin For Corporations for informational purposes only. It reflects the author’s own analysis and opinion and should not be relied upon as investment advice. Nothing in this article constitutes an offer, invitation, or solicitation to purchase, sell, or subscribe for any security or financial product.
#Reasons #JPX #Reconsider #Proposed #Digital #Asset #Exclusion #TOPIX
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