Crypto Industry: Japan's Subtle Stablecoin Revolution
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 29 2025
Should l Buy KMD?
Japan's Stablecoin Developments
- Regulatory Framework: Japan was the first to establish a regulatory framework for stablecoins but has been slow to adopt blockchain technology for its national currency, the yen. This is set to change with the upcoming launch of a fully collateralized, yen-backed stablecoin later this year.
- Monex Group's Interest: Monex Group is considering launching a yen-backed stablecoin to improve international remittances and corporate settlements. Chairman Oki Matsumoto emphasized the need for significant infrastructure and capital to avoid being left behind in the market.
- JPYC's Initiative: Local fintech JPYC is preparing to introduce Japan's first yen stablecoin this fall, which will be backed one-to-one by bank deposits and government bonds.
JPMorgan's Investment in Crypto
- Numerai Hedge Fund: JPMorgan plans to invest up to $500 million in Numerai, a crypto-friendly hedge fund that utilizes AI and crowdsourced models. This investment will nearly double Numerai's assets under management from approximately $450 million.
- Performance and Market Reaction: Numerai achieved over 25% net returns last year, and following the investment announcement, its native cryptocurrency, Numeraire (NMR), surged over 120%, trading above $120.
ETHZilla's Share Buyback Program
- Buyback Authorization: ETHZilla has approved a $250 million share repurchase program after acquiring over 102,000 ETH at an average price of just under $3,950, totaling around $403 million. The current value of these holdings is approximately $489 million.
- Risks of Overleveraging: Experts warn that ETH treasury firms like ETHZilla face risks such as overleveraging, which could lead to forced liquidations and increased volatility in the market.
KindlyMD's Bitcoin Acquisition Strategy
- Massive Equity Offering: KindlyMD announced a $5 billion at-the-market equity offering to fund its Bitcoin acquisition strategy, aiming to purchase a total of 1 million BTC. This follows an initial purchase of $679 million in Bitcoin.
- Market Position: The company's August purchase has positioned it 16th in corporate Bitcoin treasury rankings, surpassing notable companies like GameStop and Cango. Despite a dip in stock price following the announcement, KindlyMD's shares have increased over 300% since May.
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Technical Analysis for KMD
Technical Sentiment Analysis for Komodo (KMD) As of , Komodo (KMD) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for KMD stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, KMD is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Komodo (KMD) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00276 | 0.0104 | 0.0178 | 0.0254 | 0.0328 | 0.0404 | 0.0478 |
| Fibonacci | 0.0104 | 0.0161 | 0.0197 | 0.0254 | 0.0311 | 0.0347 | 0.0404 |
About KMD
Komodo is an open-source technology provider that offers all-in-one blockchain solutions for developers and enterprises. Komodo builds technologies that enable anyone to launch branded decentralized exchanges, cross-protocol financial applications, and independent blockchains. The project’s flagship end-user application is Komodo Wallet (formerly AtomicDEX) — a non-custodial multi-coin wallet, crypto bridge, and DEX rolled into one app. Komodo Wallet is compatible with 99% of cryptocurrencies in existence and offers the widest cross-chain, cross-protocol trading support of any decentralized exchange.Komodo Wallet is the third-generation application of Komodo’s atomic swap technology. In 2016, Komodo first implemented Tier Nolan’s idea of atomic swap technology. Since then, Komodo has continued pioneering atomic swap technology and offers the first production-ready atomic swap DEX in the industry. Komodo Wallet's DEX feature is built using a peer-to-peer (P2P) atomic swap protocol with decentralized order books. Developers use the open-source Komodo DeFi Framework to build cross-protocol DEXs, multi-coin non-custodial wallets, initial DEX offering (IDO) portals, and other decentralized applications.KMD is the community currency for the Komodo ecosystem and is used for scalable, fast, cheap, and secure transactions. In most cases, 0.00001 KMD is sufficient for a transaction to be confirmed within a few seconds. KMD is one of the most actively traded pairs within Komodo Wallet. There is also a 10% trading fee discount for taker orders when selling KMD for another cryptocurrency within Komodo Wallet.Komodo is the creator of delayed Proof of Work (dPoW) — the industry-leading 51% attack security network. Powered by Litecoin cross-notarizations and backed by a notary node network, dPoW currently secures over 30 production blockchains. Komodo also provides its own native multi-chain blockchain network that enables anyone to launch an independent blockchain called a Komodo Smart Chain (KSC), which runs separately from the KMD chain. Each KSC gets its own coin with zero gas fees and fully customizable parameters. Komodo also offers Komodo Custom Contracts (CCs) — a library of UTXO-based smart contracts for creating advanced dApps on KSCs.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
