Source: Iran to Soon Submit Revised Peace Proposal, Insider Says
April 28 – CNN sources familiar with the matter report that amid mediation efforts following U.S. President Trump’s rejection of an earlier proposal, a revised Iran-backed proposal aimed at ending the war will reach Pakistan in the coming days.
Iranian Foreign Minister Mohammad Javad Zarif is set to return to Tehran after his Russia visit, where he will meet with the country’s leadership. Progress has been slow, however, due to challenges communicating with Supreme Leader Ayatollah Ali Khamenei—whose whereabouts are confidential.
Trump previously rejected Iran’s proposal submitted last weekend, which called for ending the war first and delaying talks on the thorny Iranian nuclear program to a later stage. Sources note the process remains ongoing but fraught with uncertainty, hinging largely on whether Iran puts forward a revised proposal more palatable to the U.S.
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Fitch Ratings: BOJ Expected to Hike Rates by 75 bps to 1.5% Within the Year
April 28 — Japan has at last shaken off more than two decades of sluggish nominal growth and deflation that plagued its economy. Fitch Ratings noted that inflation is now entrenched and increasingly driven by domestic factors, supporting its view that the Bank of Japan (BOJ) will keep advancing monetary policy normalization. Since 2022, overall consumer price inflation has averaged 2.9%, topping the BOJ’s 2% target.
The recent dip in overall inflation largely stems from government energy measures, not a weakening of underlying price pressures. Fitch expects the BOJ to keep raising interest rates, with the policy rate projected to rise 75 basis points to 1.5% by 2026. The real policy rate remains deeply negative but is set to normalize as the BOJ tightens policy further, which should in turn exert upward pressure on the yen. (Kincentric)
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Bitcoin Fails to Break $80,000 Resistance Level, On-Chain Metrics Show Bullish Trends with a Mix of Caution
April 28: Bitcoin plunged below $76,000 on Thursday, pulling back after failing to break above $80,000. Market jitters stemmed from uncertainty over the Suez Canal’s reopening and ongoing macroeconomic conditions.
Technical indicators and on-chain data are sending mixed signals about whether BTC can sustain its latest rebound. Since hitting a sub-$60,000 low on February 6, Bitcoin has rallied 30%—but faced selling pressure in the $78k-$80k supply zone, stalling its advance. That range also aligns with the 20-week Exponential Moving Average (EMA), underscoring its importance as a key resistance level.
Michael van de Poppe, founder of MN Capital, noted the current pullback is “typical behavior” ahead of the FOMC meeting. “I still think we’re in a strong market trend,” he added.
On the downside, Bitcoin tested support at $75,500— a level that lines up with the 20-day EMA, 100-day EMA, and the lower edge of an ascending channel. Glassnode’s Unspent Transaction Output Realized Pric
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Visa Partners with WeFi to Launch On-Chain Payment and Banking Services
On April 28, Visa announced a partnership with WeFi—a blockchain-based stablecoin infrastructure firm co-founded by former Tether co-founder Reeve Collins—to help bridge the "last mile" in delivering robust on-chain payments and banking services to users.
WeFi describes its platform as "a coordinating layer between decentralized finance (DeFi) and regulated payment infrastructure, built to support use cases like cross-border consumption and on-chain value storage."
In an interview, Collins stated: "We’re upgrading the underlying pipes, effectively giving people a bank account—they’ll soon have their own IBAN number, and we’re securing the necessary operational licenses globally." He added that as the platform scales, the company plans to partner with more banks and institutions, targeting underserved populations worldwide. The rollout will proceed region by region, starting with select markets in Europe, Asia, and Latin America. Expansion to additional markets will hinge on local
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ZKJ experiences extreme spot-futures price disparity, reaching as high as 77%
On April 28th, HTX market data shows a sharp price divergence between the ZKJ perpetual contract and spot market. The current perpetual contract mark price stands at $0.0293, while the on-chain spot price is $0.128 — a 24-hour gain of 465% — resulting in a price gap of up to 77%.
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