#数字资产市场动态 $ETH $BNB $DOGE

Two major signals, how will the market move?

Lithuania acted quickly. Yesterday, it was officially announced—this country that was once crypto-friendly is changing its rules. Before January 1, 2026, all crypto institutions must obtain a MiCA license, which is a requirement under the EU unified framework. Without a license, it’s illegal, and penalties could range from hefty fines to four years in prison.

The data looks a bit cold: out of over 370 registered crypto companies, only 30 have submitted applications. What does this mean? The remaining 340+ companies are now likely assessing whether they meet the new requirements or considering other options. Will this regulatory reshuffle trigger small platforms to face concentrated collapses? That’s a visible risk.

On the other side, the Bank of Japan is also making a major shift. Ueda and his team recently maintained a "wait and see" stance, but last week, the market hammered the yen down to 157. Just before and after Christmas, they made a clear statement—double growth in wages and prices is the goal, the 2% inflation rate must be stabilized, the era of negative interest rates is ending, and rate hikes will continue next year. This shift is rapid, and those shorting the yen on Wall Street are now under huge pressure, as the appeal of carry trades (yen arbitrage) has significantly decreased.

What is the impact on the crypto market? Rising interest rates in Japan will tighten liquidity, increasing the cost of financing previously obtained through low interest rates. The crypto market is especially sensitive to liquidity changes.

Two parallel trends—EU regulatory standardization + macro liquidity tightening. In the short term, there will definitely be room for adjustment. What do you all think about the subsequent direction of this market?