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Bitcoin Bulls Eye Dollar Weakness As Yen Intervention Rumors Build

Bitcoin traders are once again anchoring to FX, after intervention rumors around USD/JPY revived a familiar tug-of-war: short-term shock risk from a strengthening yen versus the longer-horizon bid that typically follows a softer dollar and easier global liquidity.

The spark over the weekend was a viral X thread (2.9 million views) from Bull Theory (@BullTheoryio), which framed reported “rate checks” by the Federal Reserve Bank of New York as a prelude to coordinated action. “The New York Fed has already done rate checks, which is the exact step taken before real currency intervention,” the account wrote. “That means the US is preparing to sell dollars and buy yen. This is rare. And historically, when this happens, global markets surge.”

Bitcoin In The Crosshairs

Bull Theory pointed to the macro backdrop in Japan, years of yen weakness, Japanese bond yields at multi-decade highs, and a still-hawkish Bank of Japan, as the pressure cooker forcing officials toward more aggressive signaling. In the thread’s telling, the key variable is coordination: Japan acting alone “does not work,” while joint US-Japan action “does,” citing 1998 and the Plaza Accord era as historical reference points.

A Bloomberg report cited by the account described the yen’s sharp jump on speculation that Japanese authorities could be preparing intervention to arrest the currency’s slide, after traders reported the New York Fed had conducted rate checks with major banks. The story said the yen rallied as much as roughly 1.6% to around 155.90 per dollar, marking its strongest level since December in that session.

🇺🇸 THE FED IS PREPARING TO SELL U.S. DOLLARS AND BUY JAPANESE YEN FOR THE FIRST TIME THIS CENTURY.

The New York Fed has already done rate checks, which is the exact step taken before real currency intervention. That means the U.S. is preparing to sell dollars and buy yen.

This… pic.twitter.com/7xFReOFoDo

— Bull Theory (@BullTheoryio) January 25, 2026

The fight in the replies was less about whether markets moved and more about what a “rate check” actually signals.

Daniel Kostecki (@Dan_Kostecki) dismissed the viral framing outright, arguing the mechanism is often misread. “The Japanese asked the NY Fed to act as their agent in the American market,” Kostecki wrote. “NY Fed employees then started calling banks in New York to perform the ‘rate check’—strictly at the Japanese’s request. If officials from Tokyo had called New York banks, traders might have ignored it as a ‘local Japanese problem.’ But when the Fed calls, banks treat it as a signal that a joint intervention (USA + Japan) might be coming.”

That distinction matters for crypto because the thread’s “bull case” leans heavily on the idea that selling dollars to buy yen mechanically weakens the dollar and expands liquidity, conditions many macro-focused crypto traders associate with risk-asset upside.

Ted (@TedPillows) echoed the liquidity-first interpretation while flagging the path dependency. “The Fed is preparing for a possible yen intervention,” he wrote, before laying out the causal chain: dollars sold, yen bought, dollar weaker, liquidity higher, risk assets helped, then warning that “a strengthening yen could first cause a similar crash like in August 2024.” After that, he added, markets could stabilize and rally.

Michael A. Gayed (@leadlagreport), Portfolio Manager of The Free Markets ETF, offered a different rationale for why Washington would care, suggesting the Fed is acting to prevent a scenario where Japan would need to sell US Treasuries to raise dollars to intervene—“It’s not that Japan will panic. It’s the Fed that will panic,” he wrote.

Bull Theory’s most concrete crypto claim was that the setup contains both a near-term trap and a medium-term tailwind. The account argued there are “hundreds of billions of dollars tied into the yen carry trade,” meaning abrupt yen strength can force deleveraging in the very assets, stocks and crypto, funded with cheap yen borrowing.

As an example, the account pointed to August 2024, claiming a small BoJ rate hike pushed the yen higher and “Bitcoin crashed from $64K to $49K in six days,” with crypto losing “$600B in value.” Bull Theory framed that episode as the template for the “catch” in 2026: yen strength can be toxic in the first act, even if sustained dollar weakness ultimately improves the liquidity backdrop for Bitcoin.

LondonCryptoClub (@LDNCryptoClub) leaned into that lagged-liquidity framing, arguing that a weaker dollar tends to filter into risk assets with a delay, while also introducing an additional US liquidity variable. “Continued and accelerated breakdown of the dollar will be good for Bitcoin and broad risk over the next few months,” the account wrote, adding that the dollar “tends to act with a 3 months lag” outside of “knee jerk reactions.” It also warned that a potential US government shutdown and subsequent Treasury General Account rebuild could offset some of the positive liquidity impulse.

At press time, Bitcoin traded at $87,926.

Bitcoin price chart

Gold Hits Record $5K While Bitcoin Struggles To Keep Pace

Gold shone brightly today, racing to a new high while crypto took the back seat, and the gap between the two assets opened wide.

On Monday, the precious metal moved past the $5,000 mark, registering a price point market sentinels had not witnessed before. Bitcoin, by contrast, failed to keep pace and traded well below its recent highs.

Gold Hits Record Levels

Safe-haven demand pushed gold sharply higher. Prices were up above $5k an ounce and inked roughly $5,110 at the peak. Silver, for its part, did not go unnoticed, jumping to fresh peaks near $107/ounce.

Traders pointed to simmering geopolitical friction and talk of tougher trade moves led by US President Donald Trump as fuel for the rally.

A weaker greenback made metals more attractive to customers overseas, and central bank buying provided steady backing. Liquidity in some corners were thin as investors rushed to shift cash into things that feel stable when risk elevates.

Bitcoin Falls Behind

Market numbers show Bitcoin hovering in the mid-$80,000s range, retreating from peaks seen late last year. Reports note the alpha crypto is roughly 30% below the highest level it hit reached in October 2025, leaving some holders quite jittery.

Volatility was another factor. Where bullion is being sought for safety, Bitcoin is viewed more as a growth or speculative play, and that difference in investor application becomes clear when markets tighten. Some funds slashed their crypto exposure, signaling a short reroute away from high-risk gambits.

Why Investors Are Shifting

Analysts and traders described a simple choice: shelter or swing for gains. When headlines push worry, money flows into assets that are widely trusted across markets and governments.

Metals fit that ticket. Based on market chatter, fears of a US government funding clash and fresh tariff announcements stacked pressure on stocks and added a sense of urgency to safe-haven acquisition.

Options and futures trading hinted at a more cautious perpective, with volatility indexes rising and bond yields behaving in ways that made the yellow metal look more appealing by comparison.

What Traders Are Watching

Market watchers said eyes will be glued on a few key metrics: The dollar’s path, moves by major central banks, and any sign that US politics escalates could keep metals elevated.

For Bitcoin, network activity, large wallet flows, and regulatory headlines will likely set the tone. Some traders expect swings both ways. Others caution that when risk appetite is back, crypto may bounce hard, but that outcome is not a sure thing and will be dependent on a string of policy and macro moves.

Featured image from Unsplash, chart from TradingView

Augmented Reality Project Utilizes the Nintendo DSi

By: Lewin Day

[Bhaskar Das] has been tinkering with one of Nintendo’s more obscure handhelds, the DSi. The old-school console has been given a new job as part of an augmented reality app called AetherShell. 

The concept is straightforward enough. The Nintendo DSi runs a small homebrew app which lets you use the stylus to make simple line drawings on the lower touchscreen. These drawings are then trucked out wirelessly as raw touch data via UDP packets, and fed into a Gemini tool which transforms them into animation frames. These are then sent to an iPhone app, which uses ARKit APIs and the phone’s camera to display the animations embedded into the surrounding environment via augmented reality.

One might question the utility of this project, given that the iPhone itself has a touch screen you can draw on, too. It’s a fair question, and one without a real answer, beyond the fact that sometimes it’s really fun to play with an old console and do weird things with it. Plus, there just isn’t enough DSi homebrew out in the world. We love to see more.

$7 Trillion Player Is Moving Into Bitcoin, Can This Trigger A Surge To $200,000?

Swiss banking giant UBS, with assets under management (AuM) of up to $7 trillion, is set to launch Bitcoin trading for some of its clients. This comes amid predictions that regulatory clarity and broader adoption could send the BTC price to as high as $200,000. 

UBS To Offer Bitcoin Trading To Some Wealth Clients

Bloomberg reported that UBS is planning to launch crypto trading for some of its wealth clients, starting with its private bank clients in Switzerland. The bank will reportedly begin by offering these clients the opportunity to invest in Bitcoin and Ethereum. At the same time, the crypto offering could further expand to clients in the Pacific-Asia region and the U.S.

The banking giant is currently in discussions with potential partners, and there is no clear timeline for when it could launch Bitcoin and Ethereum trading for clients. This move is said to be partly due to increased demand from wealth clients for crypto exposure. UBS also faces increased competition as other Wall Street giants are working to offer crypto trading. 

Morgan Stanley, in partnership with Zerohash, announced plans to launch crypto trading in the first half of this year, starting with Bitcoin, Ethereum, and Solana. The banking giant may soon also be able to offer its crypto products, as it has filed with the SEC to launch spot BTC, ETH, and SOL ETFs. 

Furthermore, JPMorgan, another of UBS’ competitors, is considering offering crypto trading to institutional clients, although this plan is still in the early stages. The bank already accepts Bitcoin and Ethereum as collateral from its clients. Last year, it also filed to offer BTC structured notes that will track the performance of the BlackRock Bitcoin ETF.

Can Bank’s Entry Trigger A BTC Rally To $200,000  

Kevin O’Leary predicted that Bitcoin could rally to between $150,000 and $200,000 this year, driven by the passage of the CLARITY Act. His prediction came just as White House Crypto Czar David Sacks said banks would fully enter crypto once the bill passes. As such, there is a possibility that BTC could reach this $200,000 psychological level in anticipation of the amount of new capital that could flow into BTC from these banks once the bill passes. 

BitMine’s Chairman, Tom Lee, also predicted during a CNBC interview that Bitcoin could reach between $200,000 and $250,000 this year, partly due to growing institutional adoption by Wall Street giants. Meanwhile, Binance founder Changpeng “CZ” Zhao said that a BTC rally to $200,000 is the “most obvious thing in the world” to him.

At the time of writing, the Bitcoin price is trading at around $89,600, up in the last 24 hours, according to data from CoinMarketCap.

Bitcoin

XRP To $11, And Then $70: The Next Impulse Wave To Watch Out For

Crypto analyst CryptoBull has highlighted targets that XRP could reach as it eyes double digits. The analyst is confident the altcoin could reach these targets, noting that current price action is mirroring the previous bull run. 

XRP Eyes Rally To $11 And Then $70

In an X post, Crypto Bull stated that the next impulse will take XRP to $11 and that the last wave will take the altcoin to $70. This came as he noted that the price pattern is mirroring the previous bull run, with the only difference being time, which he claimed makes sense, as the altcoin needs longer accumulation to reach higher prices. 

The analyst also indicated that it could take a year of accumulation for XRP to reach the $11 price target, meaning the last wave to $70 could take much longer. This prediction comes despite the current decline in the crypto market, with XRP trading below the psychological $2 price level.  

XRP

Despite the current bearish sentiment, crypto analyst CW has also declared that the XRP rally is about to begin and that the road to $21.5 is just the beginning. He noted that this is the Phase 4 peak while the first goal is for the altcoin to break its current all-time high (ATH)

His accompanying chart showed that XRP could reach this $21 target by year-end. Meanwhile, there is the possibility of the altcoin rallying above $100 in the next Phase 1, which could happen next year. Crypto Pundit X Finance Bull recently highlighted the CLARITY Act and Trump’s tariffs as factors that could boost XRP’s demand and lead to higher prices for the altcoin. 

He expects the CLARITY Act to boost XRP’s demand, especially with Trump’s Crypto Czar predicting that more banks will enter into crypto once the bill passes. X Finance Bull predicts that XRP will be the token of choice for these banks based on his belief that Ripple will provide the rails to onboard them. 

XRP Breaking Out Of Multi-Year Triangle

Crypto analyst XForce revealed in an X post that XRP is breaking out of the largest 6+ year triangle in history, yet people are calling it a fakeout. He added that he is not a permabull or permanbear on the altcoin but that he follows trends and plays macro breakout patterns. His accompanying chart indicated that XRP was on the verge of a move to the upside, with a potential rally above $11.50. 

On the lower timeframe, crypto analyst Chart Nerd stated that XRP is currently breaking out of a two-week falling wedge structure. He noted that this is a bullish reversal pattern that could send the altcoin back to $2.40 in the short term, as this is where the wedge formed. He highlighted a key resistance between $2.13 and $2.20, which the altcoin will need to break above to confirm a reversal. 

At the time of writing, the XRP price is trading at around $1.92, up in the last 24 hours, according to data from CoinMarketCap.

XRP

[Webinar] Doing More With Less: How Security Teams Escape Manual Work with Efficient Workflows

Security teams are under constant pressure to do more with the same resources. Manual processes, fragmented tools, and inefficient workflows can slow teams down and pull focus away from what matters most.

In this live webinar, experienced security practitioners share how they’ve escaped the constraints of limited

The post [Webinar] Doing More With Less: How Security Teams Escape Manual Work with Efficient Workflows appeared first on Security Boulevard.

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