Track market-moving stories before they get noisy

Despite the stock’s sharp, ongoing pullback, analysts maintain a bullish outlook on Japanese storage chip maker Kioxia, expecting its shares to resume their upward trend as supply-demand conditions improve. Currently, analysts’ average target price for Kioxia stands at 121,959 yen, 130% higher than its current share price. Kioxia’s stock fell to 52,110 yen last Friday, half of its all-time high set less than a month ago. Kazuyoshi Saito, senior analyst at Iwai Cosmo Securities, said: “Fundamentals have not changed at all. Backed by strong AI demand, the company’s solid profitability and growth prospects remain intact.” He set a target price of 132,000 yen, adding: “Once supply-demand distortions caused by factors like Korean ETFs ease, positive drivers including strong performance will push the stock higher.” (Jin10)

Relevant content

Korea Exchange triggered a procedural trading halt for the KOSPI index.

Due to fluctuations in the KOSPI index, South Korea activated relevant mechanisms and initiated a programmatic trading halt.

24 minutes ago

Yesterday, Bitcoin spot ETFs saw a net inflow of $226.8 million; Ethereum spot ETFs recorded a net inflow of $38 million.

According to data from Farside Investors, U.S. spot Bitcoin ETFs posted a net inflow of $226.8 million yesterday. Among them, BlackRock’s IBIT saw a net inflow of $116.5 million, ARKB recorded $72.7 million, Fidelity’s FBTC pulled in $24.1 million, while Grayscale’s GBTC registered a net outflow of $45.4 million. For spot Ethereum ETFs, net inflows reached $38 million yesterday. Specifically, BlackRock’s ETHA brought in $34.3 million, FETH saw a $2.8 million inflow, TETH posted a $900,000 inflow, with all other products reporting zero net inflows.

24 minutes ago

After 11 months of inactivity, a crypto whale transferred 9,000 ETH to Cumberland, valued at approximately $17.19 million.

According to monitoring by OnchainLens, a whale address dormant for nearly 11 months transferred 9,000 ETH to the Cumberland wallet, worth about $17.19 million, and is expected to be used for over-the-counter (OTC) trading. Prior to this, the address had deposited a total of roughly 50,000 ETH (valued at approximately $205.67 million) into the FalconX wallet via 13 transactions.

24 minutes ago

Analysis: Bitcoin's MVRV percentile drops to 5%, a level that historically typically marks the long-term bottom zone.

CryptoQuant analyst Darkfost wrote in a post that after Bitcoin (BTC) fell below $60,000 in February and entered the capitulation zone, its MVRV percentile dropped below 10%, hitting the historically defined undervalued territory. Since June, the metric has shown a similar trend again. Unlike the traditional MVRV indicator, the MVRV percentile measures the current MVRV’s position relative to historical cycles, and by incorporating a historical probability dimension, it better reflects the current market environment. Currently, BTC’s MVRV percentile stands at around 5%, meaning Bitcoin has spent roughly 95% of its historical trading time at higher MVRV levels. This indicates BTC is significantly undervalued relative to its historical evolution, and such phases have historically coincided with long-term bottom regions.

24 minutes ago

U.S. intelligence agencies’ latest assessment: Pessimistic about a new round of strikes against Iran.

US intelligence journalist John Hudson reports that U.S. intelligence agencies hold a pessimistic view of a new round of military strikes targeting Iran: current and former officials say these strikes are unlikely to have a significant impact on Iran, nor will they likely soften its negotiating stance. According to U.S. intelligence analysts, Tehran and Washington are trapped in an indefinite deadlock between war and peace—a situation deeply troubling given the increasingly lethal tit-for-tat hostilities between the two sides. Additionally, they note that intelligence assessments on issues like Iran are not designed to make specific future predictions. Instead, they are overviews of current and potential future trends, compiled from all available classified intelligence (including human intelligence and technical collection) as well as open-source information. (Jin10)

24 minutes ago

South Korean government holds its first stablecoin legislation forum today, aiming to advance the enactment of the Digital Asset Basic Law within this year.

According to South Korean media reports, the South Korean government will hold its first government-led special forum on stablecoin legislation today, chaired by Deputy Prime Minister for Economy Koo Yoon-cheol. The forum will focus on discussions of the enactment of the "Digital Asset Basic Law" and the establishment of a stablecoin regulatory framework. Against the backdrop of the U.S. GENIUS Act set to take effect in January 2027, the South Korean government and ruling party are pushing to finalize the "Digital Asset Basic Law" this year to establish a legal framework for stablecoin issuance, circulation, and supervision. Participants include the Financial Services Commission, the ruling party, and industry stakeholders, with topics covering AI Agent payments, the won-denominated stablecoin, anti-money laundering (AML) regulation, and more. The ruling party previously stated it plans to submit a unified bill in September and aims to complete the legislation within this year.

24 minutes ago

Skip to content

Richard Parris is a co-founder at Saito - a self-sufficient Layer 1 Blockchain designed for devs that provides the foundation for building open and scalable web applications.

The link will open a new window. Click the menu and down arrow to download the file.

Why you should listen Saito is a new type of layer-1 blockchain that powers peer-to-peer applications. Saito delivers a new economic model for blockchain. Saito Consensus aligns incentives for all participants, paying nodes for scale while remaining open.

Saito is designed to create a real economy running on this network, that supports an open ecosystem of peer to peer applications, where users are sovereign and own their data, and providers that serve them best are most profitable.

Saito Consensus eliminates the sybil attacks, majoritarian attacks,and several other attack vectors common in proof-of-work and proof-of-stake consensus mechanisms by correcting the collective action problems buried in their incentive structures.

When users send transactions into the network they add cryptographic routing signatures that specify the first-hop node(s) to which they are sending their transaction(s). Receiving nodes add similar routing signatures as they forward these transactions, creating an unforgeable record within transactions of the path they have taken into the network.

These routing paths can be examined to confirm the amount of “routing work” available in a transaction. Transactions without valid routing paths contain no routing work. The amount of routing work in any other transaction is its total fee halved with each hop beyond the first that the transaction has taken into the network.

The blockchain maintains a “difficulty” for block production that is measured in routing work. Nodes produce blocks when they have enough routing work in the transactions in their mempool to meet difficulty criteria. Blocks which do not contain the required amount of routing work are invalid according to consensus rules.

While most of crypto uses a Web 2 model with token integrations or a federated model reliant on volunteer work, Saito applications operate in true, peer-to-peer Web 3 and are self-funding.

Supporting links Bitget

Bitget VIP Link with BONUS 1000 USDT

Bitget Academy

Bitget Research

Bitget Wallet

Saito

Andy on Twitter

Brave New Coin on Twitter

Brave New Coin

If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.

Maximize Your 2026 Crypto-Media Reach – Before It’s Too Late! Brave New Coin reaches 1M+ engaged crypto enthusiasts a month through our website, podcast, newsletters, and YouTube. Get your brand in front of key decision-makers and early adopters in 2026. Limited slots remaining! Find out more today!

Page load link Sponsored

HomeLatest InsightsNewsPress ReleasesPodcastsPartnersSponsoredResearchResourcesContributorsCrypto AssetsMarket CapBitcoin Price (BTC)Ethereum Price (ETH)XRP Price (XRP)Gainers & LosersAll AssetsEventsSubmit EventContact us

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Japan’s minister of economy, trade and industry, Takeru Saito, said on August 28, 2024, that it aims to propel its Web3 ecosystem through startup-friendly tax reforms.

Startup-Centric Tax Reforms Key To Web3 Industry Growth To spur its Web3 industry, Japan may soon implement startup-centric tax reforms to make it easier for businesses in this sector to grow. Speaking at the WebX Conference, Saito emphasized the enormous potential of Japanese Web3 and blockchain enterprises. 

The minister underscored the importance of positive tax reforms to create an ecosystem that would attract businesses and developers worldwide to Japan. Japanese Prime Minister Fumio Kishida echoed Saito’s views.

In a video address during the WebX 2024 opening ceremony, Kishida declared that Web3 and blockchain businesses could play a pivotal role in resolving many of Japan’s societal issues. With sensible tax and legal reforms, Web3 startups would find it easier to raise funds and help generate new avenues of employment in the country.

Notably, in July 2023, the Japan Blockchain Association (JBA) petitioned the concerned Japanese authorities to slash taxes on crypto assets.

Kishida added that the government will work toward fostering an environment conducive to using Web3 tokens, blockchain-powered instant payments, and revitalizing the content industry. Future policies surrounding the Web3 industry will have user protection as one of their central tenets. 

Early signs of a shift in stance toward crypto startups were noticeable in September 2023, when the Japanese government announced measures allowing startups to receive investments in cryptocurrency.

Regulatory Headwinds Remain In Japan While the WebX Conference inspires confidence in Japan’s commitment to growing its Web3 industry, regulatory challenges surrounding digital currencies continue to be a cause of concern for the country’s crypto ecosystem.

For instance, in July 2024, leading crypto exchange gate.io shuttered its operations in Japan. The exchange stated that it aims to follow financial rules wherever it conducts business, indirectly hinting toward the rigorous cryptocurrency regulations due to money laundering and terrorism financing concerns.

Japan’s stringent cryptocurrency regulations are not without reason. In May 2024, DMM Bitcoin, a major Japan-based cryptocurrency exchange, was hacked, resulting in a loss of $305 million in Bitcoin (BTC).

Conversely, if recent developments are anything to go by, institutional appetite for Bitcoin seems to be on an upward trajectory in Japan. 

In June 2024, a joint survey conducted by Nomura Holdings and Laser Digital Holdings found that 54% of those surveyed—including 547 investment managers from family offices and public interest corporations—said they would be interested in entering the digital assets market within the next three years.

Bitcoin is down 4.8% in the last 24 hours | Source: BTCUSD on TradingView.com Featured image from Unsplash, Chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Sign Up for Our Newsletter! For updates and exclusive offers enter your email.

Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

Saito, a next‑generation peer‑to‑peer blockchain platform, today announced the successful launch of its mainnet, ushering in a new era of truly decentralised Web3 infrastructure built for efficient, sustainable, and scalable decentralised applications.

Unlike traditional blockchains that reward miners or stakers for block production alone, Saito uniquely compensates nodes for routing, storage, and compute work, enabling developers to build and power fully on‑chain applications without reliance on centralised cloud services, external APIs, or off‑chain backends. 

Saito’s mainnet launch marks a pivotal milestone in blockchain infrastructure and real‑world Web3 adoption.

“Today represents a major moment for Web3,” said Richard Parris, Co‑Founder of Saito. “We started this project because we believed existing systems couldn’t deliver on decentralisation at scale. Now Saito is live, stable, and delivering what others can’t; a network that works for developers and users alike.”

New Infrastructure Designed for Scalable, Decentralised Applications Saito’s mainnet launch introduces several key innovations intended to address long‑standing challenges in decentralised application infrastructure:

Automatic Transaction Rebroadcasting (ATR): a novel mechanism that combats chain bloat and ensures long‑term data availability through incentive‑based rebroadcasting of transactions.
Block Staking: a low‑overhead, non‑inflationary mechanism that enhances network security even when transaction volumes are low.
Smart NFTs: dynamic, logic‑bearing assets that eliminate the need for complex virtual machines, enabling efficient on‑chain functionality. These features collectively create a true peer‑to‑peer computing layer, where developers can build with familiar web‑native tools, without proprietary stacks, special languages like Solidity, or hidden backend services.

Proven Network Stability and Real‑World Testing Saito’s network has processed more than 70 million blocks with consistent uptime and no known exploits, demonstrating robustness and reliability in real‑world conditions. All core components of Saito’s consensus mechanism have been publicly open and reviewed, with full documentation available at wiki.saito.io.

Mainnet status was declared after the network met key self‑defined benchmarks, including full decentralisation of participating nodes, successful ATR pruning cycles in production, and stability under real‑world load.

“With Saito in Mainnet, the world finally has a production blockchain without rich-get-richer economics and majoritarian attacks. I couldn’t be prouder of our community for helping us make Saito a reality, and would like to think that Satoshi would be proud too,” said David Lancashire, co-founder of Saito.

Developer‑Ready, Open For Innovation Saito’s architecture enables developers, startups, and enterprises to build the next generation of Web3 applications – from social and messaging apps to gaming and encrypted communication – entirely on‑chain and browser‑native. No centralised APIs, backend servers, or external services are required, keeping user data and experience sovereign.

“We designed Saito so developers can ship fast, with payments built in and data ownership preserved,” added Parris. “This is decentralisation in action; practical, powerful, and open.”

About Saito Saito is a decentralised blockchain protocol purpose‑built for peer‑to‑peer web applications and sustainable Web3 infrastructure. Built to eliminate dependencies on centralised services and unsustainable token models, Saito’s mainnet combines economic incentives with developer usability to support scalable, fully decentralised applications.

For more information about Saito’s architecture, live applications, and development tools, visit https://saito.io or explore technical documentation at wiki.saito.io.

Richard Parris [email protected] Oliver Mills [email protected] Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.