On April 30, U.S. Treasury Secretary Basant stated that if the outgoing Federal Reserve Chairman Powell were to remain as a Fed governor, it would be unusual. For someone who has consistently emphasized norms, his unilateral decision contradicts tradition. Kevin Walsh will bring a new atmosphere to the Federal Reserve with a clear accountability system, effective management mechanisms, and sound policy-making.
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U.S. Treasury Secretary Basant: Powell's Decision to Stay on as Governor Would Contradict Tradition
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BTC Surpasses $76,000
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First Refunds from 'Trump Tariffs' to Be Issued Around May 11
On April 30, a document from the U.S. International Trade Court indicated that the first refunds for tariffs imposed by the Trump administration under the International Emergency Economic Powers Act will be issued around May 11. The U.S. Supreme Court announced a ruling on February 20, stating that the International Emergency Economic Powers Act does not authorize the president to impose large-scale tariffs. A ruling by a U.S. International Trade Court judge on March 4 ordered Customs and Border Protection not to impose tariffs based on the International Emergency Economic Powers Act during tariff liquidation. This means that tariffs previously imposed under this law must be refunded. (Dongxin News Agency) -
BTC Surpasses $76,000
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BTC Falls Below $75,000
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Federal Reserve Keeps Benchmark Interest Rate Steady at 3.5%-3.75%, Meeting Market Expectations
On April 30, the Federal Reserve maintained the benchmark interest rate range at 3.5%-3.75%, in line with market expectations. This level has been sustained since the last rate cut in December 2025. -
BTC Falls Below $76,000
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Walsh's Fed Nomination Receives Sufficient Votes to Advance Review Process
The U.S. Senate voted on the nomination of Walsh for Federal Reserve Chair. The Senate Banking Committee voted to advance Walsh's nomination to the full Senate. -
Squads Secures $18 Million Strategic Financing Led by Solana Ventures
Squads, a multi-signature protocol in the Solana ecosystem, has announced the completion of $18 million in strategic financing, led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D, and others, bringing the total funding to $42.9 million. This round of financing was completed in December of last year and was only recently made public. Squads' stablecoin payment platform, Altitude, allows businesses to conduct 24/7 global payment settlements in stablecoins through self-custody wallets, integrating into the global payment network with compliance and risk control systems. -
MoonPay Acquires Crypto Security Startup Sodot for $100 Million in All-Stock Deal
MoonPay has announced the acquisition of Israeli crypto security startup Sodot for $100 million in an all-stock transaction. Following the completion of this acquisition, Sodot will be integrated into MoonPay's newly established Institutional division. MoonPay Institutional is expected to provide a range of cryptocurrency and blockchain services to large traditional financial institutions, including trading, tokenized securities, payments, wallet management, and stablecoin issuance. -
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On April 29, Latin American digital wallet Belo completed a $14 million Series A financing round, led by stablecoin issuer Tether, with participation from Titan Fund, The Venture City, Mindset Ventures, and G2. The company plans to use this funding to expand into Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay, while deepening its business presence in Brazil, focusing on serving freelancers and remote workers engaged in cross-border payments. The goal is to reduce the costs and friction associated with cross-border payments and foreign exchange through stablecoin infrastructure.
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