Japan’s financial regulator has launched a “Payment Innovation Project” 
backing a joint initiative by major banks and corporations to issue yen-based 
stablecoins.

Japan’s FSA backs joint stablecoin initiative by nation’s top banks

BlackRock and Fidelity led the rebound in spot Bitcoin ETFs inflows on 
Thursday, as traders shifted their focus to the 50-week EMA at around 
$100,000.

Bitcoin ETFs snap 6-day outflow streak as key trendline is back in focus

Amid this week’s crypto market correction, Ark Invest&#8217;s CEO and CIO, Catie 
Wood, has slashed her 2030 bullish forecast for Bitcoin (BTC), highlighting 
the global momentum of the stablecoin sector. Related Reading: Web3 Verifiable 
Settlement Protocol To Bring ‘Internet-Speed’ Payments With New Upgrade 
Stablecoins Overtake Part Of BTC’s Role On Thursday, Ark Invest’s CEO, Cathie 
Wood, joined CNBC’s “Squawk Box” to discuss Bitcoin&#8217;s price, her thoughts on 
stablecoins’ growth, and how her previous bullish forecast for the flagship 
crypto has evolved over the past year. In the interview, Wood underscored that 
the rapid rise of stablecoins is taking on a role she thought BTC would 
handle, leading to a 20% reduction of her $1.5 million prediction by 2030. 
It’s worth noting that the investment management firm has previously affirmed 
that the leading cryptocurrency could serve as a store of value and a global 
settlement system. “Stablecoins are usurping part of the role that we thought 
bitcoin would play,” Wood affirmed on Thursday morning. “Given what’s 
happening to stablecoins, which are serving emerging markets in a way that we 
thought bitcoin would, I think we could take maybe $300,000 off of that 
bullish case just for stablecoins.” “Emerging markets are huge in this 
regard,” she said, adding that “we’re starting to see institutions in the 
United States focused on new payment rails, with stablecoins at the core. So 
very interesting movement.” Notably, the sector has seen rapid adoption 
following the enactment of the GENIUS Act in the US, with other leading 
jurisdictions, including the UK and South Korea, pushing to establish their 
own regulatory framework in the coming months. Similarly, multiple leading 
companies in the traditional payment system are preparing strategic moves into 
the stablecoin sector. Last week, the global financial services company 
Western Union announced its plan to launch the US Dollar Payment Token (USDPT) 
on the Solana blockchain. To Wood, “Stablecoins are scaling here much faster 
than anyone would have expected,” making it a space to watch in the future. 
Wood Is Still Bullish On Bitcoin Despite recalibrating her 2030 bull case, Ark 
Invest’s CEO emphasized that she remains bullish on Bitcoin, noting that 
growing institutional adoption will be a powerful driver for long-term value. 
Currently, the flagship cryptocurrency has declined 20% from its October 6 
all-time high (ATH) of $126,000, briefly falling below the $100,000 mark 
earlier this week. Nonetheless, most market analysts and investors remain 
bullish on BTC’s long-term performance. Related Reading: Bitcoin Eyes ‘Moment 
Of Truth’ As Price Retests $100,000 Support – Is The Rally Over? Wood 
highlighted that “Bitcoin is a global monetary system, it is the lead in a new 
asset class, and it’s a technology, all wrapped in one.” She added that 
institutional participation in the sector has only begun, stating, 
“Institutions really have just dipped their toes into this space. We have just 
started, so we have a long way to go.” The CEO closed her observations by 
affirming that the broader crypto ecosystem is expanding, not contracting. “I 
think the whole space gets bigger,” she concluded. Featured Image from 
Unsplash.com, Chart from TradingView.com

Cathie Wood Trims Her 2030 Bitcoin Price Prediction To $1.2 Million – Here’s Why

What to Know: Ethereum’s recent drop doesn’t overshadow its long-term bullish 
potential; a rebound could benefit Ethereum-based projects like Maxi Doge. 
Maxi Doge&#8217;s presale has raised over $3.9 million, with just hours left before 
a price increase. Strong marketing and staking rewards (78% p.a.) ensure that 
Maxi Doge has a strong foundation for growth. The sentiment around Ethereum 
($ETH) is shifting. While it has faced some volatility in recent days, signs 
of a potential rebound are emerging. For crypto traders, a bullish Ethereum 
could have widespread implications, particularly for Ethereum-based tokens. 
Maxi Doge ($MAXI), which is currently in its presale phase, has raised over 
$3.9M, reflecting growing interest in the project. With a token price of 
$0.000267 and less than three days left before its next price increase, the 
project is gathering momentum. Ethereum’s Volatility and the Potential for a 
Rebound Ethereum&#8217;s market behavior over the past week has been a 
rollercoaster. Currently trading at around $3,325.60, $ETH has experienced a 
significant drop from its ATH of $4,953.73 in August. Data from CoinMarketCap 
shows that Ethereum&#8217;s price has dropped about 14% over the past week. 
Ethereum’s rebound near $3,500 yesterday sparked bullishness among traders. 
But crypto research firm Santiment added that the true buy signal could be 
when traders ‘slow their expectations of a quick return to $4K,’ and when 
‘bullish sentiment calms down again.’ Despite the dip, the long-term prospects 
of the market’s second-largest crypto remain bullish. When $ETH does finally 
make a comeback, it would positively impact tokens built on its network, 
including Maxi Doge. The reason is that a stronger $ETH price signals overall 
market confidence, which can translate into increased interest in Ethereum- 
based projects like Maxi Doge. Maxi Doge&#8217;s Presale Gains Traction, Nears $4M 
Raised Maxi Doge ($MAXI) has quickly become a notable player in the meme coin 
market, raising over $3.9M in its presale. With less than three days before 
the next price increase, investors are clearly feeling the pressure to secure 
their $MAXI tokens at the current price of $0.000267. 💡 Want to grab $MAXI 
tokens? Be sure to check out our guide on how to buy Maxi Doge. Overall, Maxi 
Doge has captured the imagination of more adventurous traders looking for ‘max 
gainz’ touted by the project’s mascot, Maxi. As Doge’s distant cousin, Maxi 
prefers to turn everything on full blast in whatever he does, whether it’s 
building muscle or boosting returns. The project’s tokenomics offer a 
promising outlook for potential investors. Its marketing fund holds a 
substantial 40% share, suggesting a heavy push to expand its visibility. This 
aggressive marketing strategy is likely to draw attention, especially with the 
ongoing hype around the best meme coins in the crypto space. Another key 
allocation is the 25% designated for the Maxi Fund. According to the project’s 
whitepaper, the Maxi Fund will ensure strong project exposure and optimal 
‘pump dynamics’, making $MAXI appealing for both traders and long-term 
investors. Additionally, 15% of the presale funds are allocated to liquidity, 
ensuring that the token remains accessible and tradable. This liquidity 
allocation, combined with staking rewards of 78% annual yield, makes Maxi Doge 
an attractive opportunity for those looking for high returns in the early 
stages of the project. As the presale progresses, the significant emphasis on 
marketing, staking rewards, and liquidity can make Maxi Doge a standout in the 
crowded meme coin space. Ethereum-Based Tokens: Maxi Doge’s Advantage A 
rebound in Ethereum could fuel investor interest in projects built on its 
blockchain, such as Maxi Doge. With its presale nearing completion and 
impressive tokenomics, Maxi Doge is poised to capture this potential market 
wave. Maxi Doge’s utility, particularly its staking rewards and participation 
in community-driven activities, positions it as an exciting project in the 
meme coin and Ethereum-based token sectors. As more people flock to Ethereum 
and ETH-based projects, Maxi Doge’s marketing-heavy approach could yield 
significant returns for early investors. Ready to make max gainz? Join the 
Maxi Doge presale today. Authored by Aaron Walker, NewsBTC — 
www.newsbtc.com/news/ethereum-potential-rebound-maxi-doge-presale

As Ethereum Sentiment Turns Bullish, How Will It Impact Maxi Doge’s $3.9M Presale?

Spot Bitcoin ETFs saw $240 million in inflows after six days of redemptions, 
signaling renewed institutional demand for BTC.

Cryptocurrency price in USD