Announcements Gate Research: Japan Set to Approve the First Yen-Denominated Stablecoin JPYC | NFT Market Trading Volume Up 30% WoW

Gate Research: Japan Set to Approve the First Yen-Denominated Stablecoin JPYC | NFT Market Trading Volume Up 30% WoW

2025-08-18 08:11:52 UTC 78541 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/image/ann_en202508181543474245813835.webp)

* Market commentary: On August 18, BTC is approaching a critical position around $115,800 that has been supported multiple times; ETH has seen a notable pullback after reaching a recent high of $4,575.
* Popular tokens: Projects such as Bio Protocol (BIO), Chainlink (LINK), and Arbitrum (ARB) have performed strongly lately, with prices rising on positive news including new feature launches, partnerships with traditional financial giants, and institutional support.
* Alpha insights: Over the past week, NFT market activity has risen significantly, with trading volume up 30% week over week; Japan is about to approve the first yen-denominated stablecoin, JPYC; Arbitrum DAO's ETH reserves rose 36% month over month, with holdings surpassing 22,500 ETH.
* Gate Launchpool: Subscription for PublicAI (PUBLIC) is now open on Gate. Users can stake ETH or PUBLIC to claim a share of 1,750,000 PUBLIC in airdrops for free before 8:00 on August 22, 2025 (UTC). PublicAI aims to advance the AI ecosystem by providing high-quality, on-demand AI training data. The platform not only meets enterprises' urgent need for quality data, but also enables individuals worldwide to convert their expertise into real income.

Explore today's details → <a href="https://www.gate.com/learn/articles/gate-research-japan-set-to-approve-first-yen-backed-stablecoin-jpyc-nft-market-trading-volume-up-30-wo-w/11294" target="_blank">Gate Research: Japan Set to Approve the First Yen-Denominated Stablecoin JPYC | NFT Market Trading Volume Up 30% WoW</a>

<a href="https://www.gate.com/learn/category/research" target="_blank">Gate Research</a> is a comprehensive blockchain and cryptocurrency research platform, offering in-depth content including technical analysis, trending insights, market reviews, industry studies, trend forecasts, and macroeconomic policy analysis.

**Disclaimer**<br />Cryptocurrency investments involve high risk. Users are advised to conduct independent research and fully understand the nature of any assets or products before making investment decisions. <a href="https://www.gate.com/" target="_blank">Gate</a> shall not be held liable for any losses or damages arising from such investment decisions.

Change & Chart Start-End Time

Rise/Fall Color

Pay With

Gate Research: Japan Set to Approve the First Yen-Denominated Stablecoin JPYC | NFT Market Trading Volume Up 30% WoW

Gate Research: Japan Set to Approve the First Yen-Denominated Stablecoin JPYC | NFT Market Trading Volume Up 30% WoW

Select language and region

Select your region

Fiat Currencies