On April 24, 2025, Trump States No Intent to Fire Powell, as New SEC Chairman Promised "Rational, Coherent" Approach to Cryptocurrency Regulation. Meanwhile, New Hampshire Senate Finance Committee Votes to Pass Bitcoin Reserve Bill, and DWF Labs partnered with Mask Network.
Other updates involve Tariffs on Some Chinese Goods and the Key Resistance for BTC, per multiple sources.
Trump States No Intent to Fire Powell but Advocates for Rate Cuts
According to the Global Times, U.S. President Trump stated on April 22 that he has no intention of firing Federal Reserve Chairman Jerome Powell but continues to insist that the Fed should lower interest rates. Trump hopes Powell will take more proactive actions regarding interest rates. Previously, Trump had publicly criticized Powell multiple times, calling his actions "slow and wrong" and even suggesting "the sooner he leaves, the better." These remarks had caused market unrest, leading investors to sell U.S. stocks, bonds, and dollars, while gold prices soared to historical highs. Powell responded by stating that the Fed would not yield to political pressure and would focus on combating inflation.
Wall Street Journal: U.S. May Reduce Tariffs on Some Chinese Goods by More Than Half
According to the Wall Street Journal, the Trump administration is considering significantly cutting tariffs on Chinese imports, with some tariffs potentially reduced by more than half to ease trade tensions with Beijing. Sources reveal that President Trump has not made a final decision, and discussions are ongoing with multiple options under consideration. This move aims to alleviate the U.S.-China trade tensions that have affected global trade and investment.
New SEC Chairman Paul Atkins Promises "Rational, Coherent" Approach to Cryptocurrency Regulation
According to The Block, the newly appointed Chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, stated at his swearing-in ceremony on Tuesday that he will provide a clear regulatory foundation for digital assets, adopting a "rational, coherent, and principled" regulatory approach. This marks a significant shift in SEC's regulatory direction, contrasting sharply with the stringent stance of his predecessor, Gary Gensler. Atkins emphasized, "Under the helm of SEC, I can confidently say this is a new era." The SEC has established a cryptocurrency task force and held roundtable discussions to bring greater regulatory clarity to the crypto asset sector.
Bitcoin Market Value Surpasses Alphabet (Google), Rises to Fifth Globally
According to the latest data from 8marketcap, Bitcoin's market value has surpassed Alphabet (Google), rising to fifth place in global asset market value rankings.
Glassnode: $97,000 Price Level May Be Key Resistance for BTC
Glassnode published an article stating that the $97,000 price level may be a key resistance for BTC, potentially hindering its breakthrough to the $100,000 price level. Cost basis distribution data shows that approximately 392,000 bitcoins have a high concentration of holdings in this price range. Therefore, some investors may choose to sell at this price for breakeven, forming a significant resistance zone.
New Hampshire Senate Finance Committee Votes to Pass Bitcoin Reserve Bill
According to Bitcoin Laws, the New Hampshire Bitcoin Reserve Bill HB 302 has been passed by the Senate Finance Committee with a vote of 4 in favor and 1 against.
Trump to Host Dinner for Top 220 TRUMP Token Holders
The Trump Dinner website page shows that Trump will host a "TRUMP DINNER" for TRUMP token holders, with attendees being the top 220 holders.
SOL Strategies Secures $500 Million Convertible Debt Financing to Increase SOL Holdings
According to SolanaFloor, Canadian-listed company SOL Strategies has secured up to $500 million in convertible debt financing from ATW Partners, which will be specifically used to purchase SOL and stake it on the company's operated validator nodes. The first tranche of $20 million is expected to be completed by May 1, with staking profits shared between both parties.
Zora Announces Airdrop Claim Now Open
According to official news, Zora has announced that the airdrop claim is now open, with no deadline for claiming.
DWF Labs Partners with Mask Network
DWF Labs announced a strategic partnership with Mask Network and invested $5 million in purchasing $MASK tokens, aiming to promote the development of decentralized social layers and the Web3 ecosystem.
Binance Wallet: USDT Rewards Airdropped to Eligible Stakestone Berachain Event Participants
Binance Wallet posted on social media that, to thank the community for its continued support, Stakestone and Binance Wallet have just airdropped additional USDT rewards to all eligible participants of the Stakestone Berachain event on the BNB Chain.