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The team, including Dirk Willer and Adam Pickett, initiated this trade on April 1, when the yen exchange rate was around 158 yen per US dollar. The suggestion was based on expectations that Japan might intervene in the foreign exchange market, and that oil prices would fall as tensions in the Middle East eased. These strategists exited the position on Thursday after Japan's intervention pushed the yen higher to below 157 yen per US dollar. According to a report by the strategists, the trade recorded a profit of approximately 0.17%.

Glonghui, May 1｜US stock storage sector rose, Micron Technology gained 5.07%, SanDisk increased by 4.03%, Western Digital climbed 1.5%, Seagate Technology rose 5.32%, all hitting record highs intraday. Today, multiple institutions significantly raised SanDisk's target price, with the highest doubling to $2,000, reflecting a notable strengthening of market expectations for its growth and a clear shift toward optimism.

Jinse Finance reported that crypto asset management company Bitwise announced it will close and liquidate two of its crypto ETFs: Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF (BTOP) and Bitwise Web3 ETF (BWEB). The specific reasons for the closures have not yet been disclosed. Bitwise reminded investors that any holdings for which fund shares are not actively sold after May 21, 2026, will be automatically redeemed for cash at each ETF’s net asset value (NAV), with the relevant funds expected to be distributed via brokers or other financial intermediaries around May 29, 2026.