Japan’s new prime minister, Sanae Takaichi, boosts risk assets like cryptocurrencies, propelling Nikkei index to record high close. Takaichi, known for pro-growth policies, supports low interest rates, tax cuts, and economic stimulus. Traders flock to store of value assets like gold and Bitcoin amidst US government shutdown, driving Bitcoin to new all-time high above $125,700. Takaichi’s election may fuel demand for digital assets in Japan, boosting investor sentiment and regulatory clarity. Japan’s FSA proposed reclassification of cryptocurrencies to allow for ETFs and introduce 20% tax on digital asset income.

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1. Bitcoin hits new record high of $50,000, fueled by increasing institutional interest and mainstream adoption. The cryptocurrency market continues to surge, with Ethereum also reaching a new all-time high of $1,800.

2. MicroStrategy purchases an additional $1 billion worth of Bitcoin, bringing their total holdings to over 71,000 BTC. CEO Michael Saylor remains bullish on the future of Bitcoin as a store of value.

3. Tesla announces that customers can now purchase their vehicles using Bitcoin, becoming the first major car manufacturer to accept the cryptocurrency as a form of payment. CEO Elon Musk believes in the long-term potential of Bitcoin.

4. PayPal launches a new service allowing customers to pay with cryptocurrency at millions of online merchants. The move aims to increase the utility of digital assets like Bitcoin and Ether for everyday transactions.

5. Visa partners with cryptocurrency platform Crypto.com to settle transactions in USDC, a stablecoin pegged to the US dollar. The collaboration is part of Visa’s broader strategy to support digital currencies and blockchain technology.: Boon For Crypto Markets, Risk Assets