BIT's associated address withdrew 6,382.5 ETH from a CEX, equivalent to $14.5 million.

**April 20** — The U.S. will officially roll out its tariff refund program today, with total potential refunds topping roughly $166 billion. The program stems from a prior court ruling that found some tariff collections were unauthorized by law. Eligible companies can apply to recover paid tariffs; funds are expected to arrive 60–90 days after approval. The initiative targets importers and their agents primarily, with the initial phase covering only certain eligible tariff orders — including those not yet finalized or within 80 days post-reconciliation. U.S. Customs data shows more than 56,000 companies have already registered, accounting for roughly $127 billion in potential refunds. Market watchers widely expect the move to ease businesses’ cash flow pressure significantly. But since most prior tariff costs were passed to consumers via price hikes, and the policy does not require companies to pass refunds to end-users, actual benefits will remain concentrated on the business si

April 20 — The Bank of Japan (BOJ) is unlikely to raise interest rates next week, according to five sources familiar with the central bank’s internal thinking. Fading hopes for a quick resolution to the Middle East conflict have left Japan’s economic and price outlook mired in uncertainty. While the final decision remains uncertain and hinges on progress in U.S.-Iran peace talks, the sources note the BOJ is inclined to maintain its current policy this month to allow more time to assess the conflict’s impact. “Given the current level of uncertainty, holding steady this month makes sense,” one source said. Another source echoed the view. A third added the BOJ is unlikely to hike rates because markets have fully priced in a no-hike outcome for this month. Even if rates stay unchanged next week, escalating inflation pressures mean the central bank may signal readiness to raise rates as early as June. (Kyodo)

As of April 20, per OnchainLens data, an OTC whale address (0xFB7) has deposited 1,000 cbBTC (valued at ~$74.02 million) into Coinbase, netting a profit of ~$1.97 million. Currently, the address still holds 2,000 cbBTC (~$149.59M) and 133,203 ETH (~$316.29M).

April 20 — Data from HyperInsight Monitoring (https://t.me/HyperInsight) shows that during a sharp price fluctuation in the past hour, a crypto whale with the address starting with 0x70f had 26.8 BTC worth of short positions liquidated, valued at roughly $2.02 million. This marks the largest liquidation in this price move. Post-liquidation, the address immediately deposited additional funds into Hyperliquid and reopened a 40x-leveraged short position on BTC. Current position details: $1.36 million in size, average entry price of $75,096, and liquidation price of $75,651. Address: 0x70f71fb10061671d0120668f2d28900c05050963

**Iranian Foreign Ministry Spokesperson Baghaei said April 20 that the root cause of the Hormuz Strait crisis is military aggression by the U.S. and Israel, and the two countries must directly bear responsibility for the current situation.** **Citing repeated U.S. violations of ceasefire agreements and threats to Iranian ports and vessels, Baghaei noted the current situation remains a "state of war." Unilateral navigation normalization is therefore impossible, he added—ongoing security concerns have prompted insurance companies and cargo owners to avoid passage through the region.** **Iran has proposed a new security agreement aimed at ensuring long-term regional security and preventing future acts of aggression, he said. (FXStreet)**

On April 20th, the CBOE Volatility Index (VIX)—the market’s so-called “Fear Index”—turned higher after falling for eight straight trading days. As of the latest data, it was up 2.43 points at 19.91, marking a new weekly high.