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Strategist Karen Reichgott Fishman wrote in the report that if Japanese government bond volatility surges again, the likelihood of intervention will also increase; in January, this already triggered a currency rate check. However, the fundamentals are "now completely different from before the last few rounds of intervention in 2024 and even from before the coordinated rate check in January 2026." Therefore, although officials’ verbal comments have become more frequent, the reasons for immediate action appear "less convincing." As energy-driven inflation shocks occur, the yen is expected to face further depreciation pressure. This makes the yen a rather attractive arbitrage tool on a tactical level.

On April 30, decentralized trading protocol Legend announced the completion of a $3.5 million seed funding round, led by Electric Capital, with participation from Amber Group and GSR. This brings its total funding to over $5 million.

On April 30, according to monitoring by Lookonchain, this whale associated with Matrixport (which has previously profited $59 million) continues to increase its long position in $ETH, currently holding 90,000 ETH (approximately $204 million).