[JPYC Suspends JPYC Issuance Reservations on Ethereum Network, Suspected Due to Arbitrage Abnormalities] JPYC Co., Ltd. announced a temporary suspension of JPYC issuance reservations on the Ethereum network, with the cause still under investigation. Multiple users have reported on social media that they were affected due to being unable to complete the issuance and KYC processes, and questioned whether issuance on other chains, including Polygon, is similarly restricted. Previously, some users shared screenshots showing that 1 million JPYC had abnormally surged in secondary market price to approximately $21,300, allowing a single exchange to yield arbitrage of about 3.31 million yen. This sparked discussions about JPYC's pricing mechanism and centralized control. JPYC stated that further announcements regarding the resumption will be made after the details are clarified.