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North Korea launches missile salvo toward the Sea of Japan

North Korea launched what may have been a ballistic missile at about 12:36 p.m. local time on Oct. 29, and it is presumed to have fallen near the east coast of the Korean Peninsula without reaching Japan’s territory or exclusive economic zone, Japan’s Ministry of Defense said on social media. Tokyo said Japan, the United […]

Hegseth and Koizumi agree on new Japanese missile production line

Japan will host a final assembly plant for the AIM-120 AMRAAM air-to-air missile after Defense Minister Shinjiro Koizumi and U.S. Secretary of War Pete Hegseth agreed on Oct. 28 to build the facility as part of joint U.S.-Japanese missile production, Nikkei reported. The two met for about 30 minutes in Cebu, the Philippines, on the […]

Japanese navy shadows Russian Vishnya-class spy ship near Tsushima

A Russian Navy intelligence-gathering ship sailed southwest through the Tsushima Strait between Japan and South Korea on Oct. 27 and 28 and headed into the East China Sea, Japan’s Joint Staff Office said. The Joint Staff identified the vessel as a Vishnya-class intelligence collection ship and released a map showing its hull number, 535. That […]

UTXO’s Duke Waldrop: Bank of Japan “Liquidity Shock” Could Impact Bitcoin


Bitcoin Magazine

UTXO’s Duke Waldrop: Bank of Japan “Liquidity Shock” Could Impact Bitcoin

Bitcoin fell to $79K this weekend, and this week both the Fed and the Bank of Japan decide on rates. Duke Waldrop, Head of Asia Markets at UTXO Management, joins Grace Remington and Sean Hagan to explain why a yen repricing hits Bitcoin first: macro funds with yen-denominated liabilities become forced sellers, and Bitcoin’s 24/7 liquidity is where they find the exit. He also breaks down why Metaplanet is trading below the value of its own Bitcoin, why possible removal from MSCI indexes on November 30 doesn’t change the thesis, and why the bet is on the Tokyo team’s execution.

Chapters:
0:00 Bitcoin at $79K, Fed and Bank of Japan Decisions, and Metaplanet Below NAV
0:29 How Asian Investors Are Learning the Treasury Playbook
1:16 The Yen Carry Trade and Why Bitcoin Sees the Liquidity Shock First
2:12 Who Sells First If the Bank of Japan Surprises: Overleveraged Macro Funds
2:58 Metaplanet’s Nasdaq Route Through Super League and the Second Liquidity Pool
3:46 Why Metaplanet Trades Below Its Bitcoin: Bitcoin Per Share Is the Metric
4:30 Asia Is “Way Behind” on Bitcoin Preferreds
5:32 MSCI Removal on November 30: Why It Changes Nothing Fundamental
6:57 Balance Sheet Caps, Delisting and Moon Inc.
8:45 Thailand, Astra’s Cash-Flow Model, Capital Group’s 11% and “The Moon, a Million”

This video is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Past performance is not indicative of future results. Investments in digital assets involve significant risk and may result in loss of capital. Both UTXO Management and BTC Inc., producer of BMTV, are owned by Nakamoto Inc. (NASDAQ: NAKA)

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This post UTXO’s Duke Waldrop: Bank of Japan “Liquidity Shock” Could Impact Bitcoin first appeared on Bitcoin Magazine and is written by Patrick Green.

U.S. Marine Corps tests kamikaze drones in Japan

The U.S. Marine Corps has tested kamikaze drones in Japan, flying Neros Archer one-way attack drones armed with live explosive warheads at Combined Arms Training Center Camp Fuji, at the foot of Mount Fuji, on Oct. 20, 2026, the first time the drone has been used in its live kinetic form at the range. Marines […]

Japanese troops drill with new long-range ship-killer missile

Japan Ground Self-Defense Force troops deployed the new Type 25 surface-to-ship missile system to the Ōnohara training area in Nagasaki Prefecture and rehearsed anti-ship strikes using targeting information from U.S. forces and higher headquarters during Keen Sword 27, Japan’s largest joint field exercise with the United States, the GSDF’s Western Army said. The Western Army […]

Japan cannibalizes P-1 maritime patrol planes

Posts on X lamenting the state of Japan’s Kawasaki P-1 maritime patrol fleet have drawn more than 100,000 views, as Japanese aviation enthusiasts urged the public to spread the word about the hardships facing Maritime Self-Defense Force units after reports that some newly delivered P-1s are arriving without their patrol equipment and are being stripped […]

Russia and China step up spy flights near Japan

China and Russia sent military intelligence aircraft toward Japan on four consecutive days this week, prompting the Japan Air Self-Defense Force to scramble fighters each day, as two Chinese Y-9 aircraft crossed the gap between Okinawa and Miyako-jima into the Pacific on Oct. 20 and 21 and Russian IL-20 aircraft flew over the Sea of […]

U.S. air base in Japan to block Chinese BYD cars over data fears

Kadena Air Base in Okinawa will bar all vehicles made by Chinese electric carmaker BYD from entering the installation starting Oct. 26 over concerns that the cars could expose sensitive military information, Kangnam Times reported. The ban covers privately owned cars as well as contractor vehicles, taxis, delivery vans and other commercial vehicles. The 18th […]

Japan weighs rewrite of its military AI policy

Japanese Defense Minister Shinjiro Koizumi said on Oct. 19 that the basic policy governing how the Ministry of Defense and the Self-Defense Forces use artificial intelligence needs to be reviewed, telling lawmakers that AI development has moved faster than the 2024 guidelines can handle, the Nikkei reported. “I feel there is a need to review […]

China’s Liaoning carrier: 10 years from training ship to warship

China’s Liaoning carrier group has carried out its second far-seas training deployment to the Western Pacific this year, a decade after the carrier’s first such voyage in 2016, Chinese state broadcaster CCTV reported on Oct. 24, describing the ship’s path over those 10 years as a three-step climb from training ship to combat ship to […]

U.S. drone boat runs naval intercept demo in Japan

A Typhoon uncrewed surface vessel built by California-based Splash Industries demonstrated naval interception during a drone demonstration at Marine Corps Air Station Iwakuni, Japan, on Oct. 21, 2026, as part of the Keen Sword 27 exercise between U.S. forces and the Japan Self-Defense Forces. The demonstration put the small, fast drone boat through an intercept […]

Japanese troops test-fire air defense missiles at New Mexico range

Japan’s Ground Self-Defense Force has been carrying out live-fire air defense training since July 2026 at ranges in northern Japan and in the United States, where its medium-range missile units are firing alongside Japan Air Self-Defense Force Patriot batteries at McGregor Range in New Mexico. The Ground Self-Defense Force, Japan’s army, said on X that […]

U.S. Air Force F-22 squadron arrives in southern Japan

U.S. Air Force F-22 Raptor stealth fighters from Alaska are operating from Tsuiki Air Base on Japan’s southern island of Kyushu as part of Keen Sword 27, the largest iteration so far of the biennial U.S.-Japan military exercise. A photo released by the U.S. military shows an F-22 from the 525th Expeditionary Fighter Squadron parked […]

China and Russia push Japan’s jet scrambles to 4-year high

Japan’s Air Self-Defense Force scrambled fighter jets 442 times between April 1 and Sept. 30, about two-thirds more than the 265 scrambles in the same period last year, according to Joint Staff Office figures reported by USNI News. The rise came as Chinese and Russian military aircraft flew near Japan far more often, and the […]

Japan launches mission to bring home a piece of the Martian moon Phobos

Japan launched a $578 million mission Monday on a five-year expedition to land on the largest moon of Mars and retrieve samples for return to Earth, a daring international project that could yield new insights into the formation of the Solar System.

The robotic Martian Moons eXploration mission, known as MMX, lifted off at 3:41 pm EDT Monday (4:41 am Japan Standard Time Tuesday) from Tanegashima Space Center in southern Japan.

The MMX spacecraft rode into orbit atop a 207-foot-tall (63-meter) H3 rocket, Japan's flagship launch vehicle. The rocket assigned to MMX debuted a new souped-up configuration with four strap-on solid rocket boosters, full-throttle main engines, and an extended payload shroud to accommodate the demands of Japan's heaviest and most ambitious interplanetary mission to date.

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