According to Gate data, WTI crude oil prices rose as much as 3%, while Brent crude oil is currently up 2.3%. (Odaily Planet Daily)

Odaily Planet Daily reports that a sharp weakening of the yen may prompt the Bank of Japan (BOJ) to take action, as the BOJ stated in a report that it will continue to raise interest rates based on economic, price, and financial conditions. Naomi Mukkara, a strategist at Mitsubishi UFJ Morgan Stanley Securities, said this marks a change in the BOJ's "policy response function." In the report, the BOJ stated that foreign exchange rates are increasingly likely to influence prices, and such volatility could affect underlying inflation by altering inflation expectations. The BOJ does not directly target the yen, but if a significant depreciation of the yen accelerates price increases, the central bank may adjust its policy. (Jinshi)

Odaily reports that Bitget will launch spot trading for Pharos (PROS). Deposits are now open, and trading will open at 21:00 (UTC+8) today.

According to a chart released by BIT, Strategy (formerly MicroStrategy) currently holds approximately $62 billion worth of Bitcoin at a cumulative purchase cost. Even during the past two quarters when Bitcoin was generally consolidating, the company continued to raise funds through the capital markets and used those funds to increase its BTC holdings. Historically, Strategy's stock price has had a close correlation with Bitcoin's price. During bull markets, Strategy's stock price is more sensitive to Bitcoin price changes, exhibiting greater upward elasticity and often outperforming Bitcoin; however, when market momentum weakens, the stock price sometimes weakens earlier than Bitcoin. Currently, Strategy's and Bitcoin's price movements are diverging somewhat. If past price patterns remain valid, this divergence warrants continued monitoring. If their price movements converge again, it could indicate an improvement in Strategy's relative performance compared to Bitcoin, but this change still depends on the overall market environment.

Odaily Planet Daily reports that Nicolai Tangen, CEO of Norway's sovereign wealth fund, stated that the arrival of the artificial intelligence era is offsetting some of the inflationary impact of soaring energy prices triggered by the Middle East wars, helping the market absorb the shock. In an interview on Tuesday, Tangen said, "This is remarkable because, given the current situation in the Middle East, you would expect this to translate into higher energy prices, higher fuel prices, higher fertilizer prices." He noted, "To some extent, this has already begun to impact Asia. We expect it to transmit to Europe and the US through price increases. This is usually bad for the market. But the market is indeed coping calmly." Tangen expressed surprise that there hasn't been a major disruption in the financial markets. "Inflation is usually a factor that hits the market. That's something we have to watch closely. On the other hand, we have AI, and we believe it has a deflationary effect. I think that's exactly what the market is currently digesting." (Jinshi)