Sumitomo Mitsui Banking Corporation stated that the sudden decline of the Japanese yen in early Asian trading on Monday highlights the market's increasing nervousness and the possibility of official intervention. Vishnu Athan, the bank's Head of Economics and Strategy in Singapore, suggested that this may be a fat finger trade. This also indicates extreme speculative behavior in the spot and options markets, as well as investors' high sensitivity to intervention risks. In the absence of official intervention, the market appears to be attempting to push the USD/JPY towards 160.

In 2022, Citi's "fat finger" trading error caused the market capitalization of European stocks to evaporate by $322 billion at one point, costing the bank a total of approximately $130 million.

PANews May 22 news, NFT project "Pudgy Penguins" Chief Business Officer Peter announced on X platform that Pudgy Penguins has officially released the plush toy 2.0 design version. The new version of the toy will soon be launched in amusement parks around the world and will eventually enter the retail market with some new characters. Peter said that trying to make plush toys cuter is a huge challenge, but Pudgy Penguins did it. Previously, it was reported that Pudgy Penguins plush toys have sold over one million units in less than a year and have partnered with Walmart, Target, Smiths, and other professional retailers in Asia and around the world.

Odaily Planet Daily News According to official sources, FaTPay's recently launched wealth management product FaT Earn is a fixed-rate product in its first internal test. Currently, the product is in the internal testing stage, and only FaTPass Holder and community users with FaT Friends Role can subscribe through FaTPay Wallet. Part of the 9% interest rate of the current internal test product comes from the U.S. debt arbitrage product that FaTPay cooperates with traditional financial institutions, and the other part is FaTPay’s subsidies for the community and FaTPass holders. In response to the community's doubts about fund security, FaTPay stated that all FaTEarn products are launched by FaTPay in cooperation with compliant financial institutions in different countries and regions, and a third-party audit agency conducts strict audits on custody funds and investment targets to prevent funds from being inconsistent. standard use. At the same time, for each product, FaTEarn will strictly indicate the source of income and risk warnings, providing users with sufficient basis for assessment of income and risks.