Musk: Still holding Dogecoin
During a speech at X (formerly Twitter) Space, Elon Musk revealed that he still holds Dogecoin, which is the most favored cryptocurrency in the industry. In addition, Musk disclosed that SpaceX owns a large amount of Bitcoin.
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The US dollar against the Japanese yen plunges, approaching the 155 threshold; CME: If it falls below 155, option selling pressure may accelerate the yen's rally.
The Japanese yen continued to surge on Thursday, with the USD/JPY pair dropping as low as 155.34, marking a daily decline of 2.1%. CEM pointed out that there was a steady accumulation of option demand at the 155-yen strike price throughout the day, with overnight USD put options being the most actively traded. If these USD put options are triggered, the yen's rally may further accelerate.
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