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Foresight News reported that Magdaleno Mendoza, a senior promoter of the crypto Ponzi scheme IcomTech, has been sentenced to 6 years in prison by a US court. He was found guilty of assisting in recruiting investors, participating in a wire fraud conspiracy, and promising victims false crypto mining and trading returns. The court also ordered him to pay approximately $790,000 in restitution and forfeit about $1.5 million in assets. Previously, IcomTech founder David Carmona was sentenced to nearly 10 years, and former CEO Marco Ruiz Ochoa was sentenced to 5 years.

 Japan's Minister of Economy and Finance, Shunichi Shirouchi, stated on Friday that he respects the Bank of Japan's decision to raise interest rates to 0.75%, but it is necessary to closely monitor the economic outlook. He said: "When formulating economic and fiscal policies, we believe it is necessary to closely watch several factors, such as the impact of US trade policies, the effect of sustained price increases on private consumption, and fluctuations in financial and capital markets." Shunichi Shirouchi stated that it is important to continue implementing appropriate monetary policies to achieve strong economic growth and stable inflation. 

According to Odaily, Odaily Star Daily, Japan's Minister of Economic and Fiscal Policy, Shigeyuki Goto, stated on Friday that he respects the Bank of Japan's decision to raise interest rates to 0.75%, but emphasized the need to closely monitor the economic outlook. He said: "When formulating economic and fiscal policies, we believe it is necessary to pay close attention to several factors, such as the impact of U.S. trade policy, the effect of persistent price increases on private consumption, and fluctuations in financial and capital markets." Goto noted that it is important to continue implementing appropriate monetary policies to achieve robust economic growth and stable inflation. (Golden Ten Data)