According to @business, Elliott has approached several Japanese companies to buy their stakes in Sumitomo Realty & Development as part of efforts to pressure the developer to boost value, citing unnamed sources. Source: Bloomberg @business. Corporate holders selling shares would align with Japan’s ongoing push to unwind cross-shareholdings and improve capital efficiency, a priority highlighted by the Tokyo Stock Exchange’s 2023 guidance on cost of capital and stock price awareness. Source: Tokyo Stock Exchange 2023 capital-efficiency guidance. Traders should monitor disclosures of large block trades, stake transfers, and any capital policy responses from Sumitomo Realty 8830 JP, as such events can affect near-term price volatility and valuation re-rating in Japan real estate equities. Source: Bloomberg @business and Tokyo Stock Exchange 2023 capital-efficiency guidance. The report does not mention cryptocurrencies or digital assets, indicating no direct crypto market impact from this item at present. Source: Bloomberg @business.