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Institution: With uncertainty sharply on the rise, the Bank of Japan is expected to keep interest rates unchanged

5 hours ago

On April 30th: Japanese Monex Securities indicated that due to the significant increase in global uncertainty, the Bank of Japan is almost definite to maintain its policy rate unchanged. The impact of Trump's tariff policy on April 2nd has already dampened the prospect of the Bank of Japan raising rates further in the near term. The focus of the meeting may be on the outlook report. Inflation remains at a high level, and wage negotiations confirm that price pressures are still rooted in wage growth dynamics. How policymakers achieve a balance between inflation and the escalating global uncertainty will be crucial to the future interest rate path. It is still anticipated that the Bank of Japan will raise rates again later this year, with low confidence in a rate hike in September. This forecast will be re-evaluated after the meeting. (Fx678)

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Movement: Noting Reports of Improper Market Making Protocol Leading to 66 Million Token Dump, Undergoing Detailed Review

On April 30th, Movement Labs issued a statement indicating that they had become aware of the related report "Improper Signing of Market-Making Agreement Resulting in Intermediary Rentech Gaining Control of 66 Million MOVE Tokens". Movement Labs and the Movement Network Foundation have hired a third-party crypto asset intelligence agency, Groom Lake, to conduct a comprehensive review of the abnormal situation of the market maker. The review work by Groom Lake is still in progress. Once all details are obtained, the investigation results will be shared, and governance reforms will be implemented based on the review results.

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Investigation: Earlier, 66 million MOVE tokens were anomalously sold off or are linked to intermediary Rentech self-trading

On April 30th, as per CoinDesk, the previous liquidity agreement of Movement Labs has led to the obscure intermediary Rentech obtaining control over 66 million MOVE tokens. This resulted in a sell-off of MOVE tokens worth $38 million on the day after the TGE (Token Generation Event), prompting Binance to urgently freeze relevant accounts. Internal contracts reveal that the intermediary Rentech appeared in the agreement as both an agent of the Movement Foundation and a subsidiary of Web3Port, playing a dual role in the transaction. Its domain name was registered on the day of the contract signing. This contract granted Rentech lending rights to approximately half of the publicly held MOVE supply and allowed Web3Port to liquidate the tokens and divide the proceeds with Rentech when the MOVE valuation reached $5 billion. Movement stated that it might have been lured into signing a financial agreement that granted excessive control to a single entity and is currently conducting an invest

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Tether Announces Acquisition of 70% Stake in South American Sustainable Production Company Adecoagro

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BlackRock's BIT Bitcoin Holdings Exceed 600,000 Coins, Worth $56.1 Billion

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Bitcoin Price Drops Below $93,000, 24-hour Loss Extends to 1.94%

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