Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

On April 30, Tether Investments proposed restructuring Twenty-One Capital (XXI) via a series of merger transactions—including a merger with Bitcoin financial services firm Strike and further integration with Bitcoin mining company Elektron Energy. Upon completion of the deal, the merged entity will combine a financial services platform, global distribution/compliance infrastructure, large-scale mining capacity, and computing power resources—creating a comprehensive platform covering Bitcoin reserves, mining, and financial services. Elektron founder Raphael Zagury is slated to serve as CEO.

**Post-Powell Speech, Wall Street Sees Fed More Likely to Hike Than Cut Rates This Year** Wall Street traders now view the Federal Reserve as slightly more likely to raise interest rates this year than cut them, following hawkish signals from policymakers and Chair Jerome Powell’s April 30 speech. Interest rate futures price in an 11% chance of a rate hike—up from 5% earlier Wednesday and 0% on Tuesday—while the odds of a rate cut stand at roughly 2%. Though the Fed retained language suggesting a cut was more likely, three regional Fed presidents dissented from that stance. Powell noted that amid persistent inflation, the central bank may soon drop that wording.

April 30 — U.S. President Donald Trump said "Mr. Too Late" Jerome Powell wants to stay at the Federal Reserve because he can’t find another job — no one wants him. Earlier, Fed Chair Jerome Powell announced after the central bank’s policy meeting Wednesday (local time) that he will remain a Fed Board member once he steps down as chair, with his term extending through early 2028. This breaks the tradition of past Fed chairs leaving the board at the same time their successors take office.

April 30: Federal Reserve Chair Jerome Powell said during a press conference he will remain a Federal Reserve governor for "some time" following his departure as chair. He noted the Fed has faced unprecedented challenges over the past three months and is determined to defend the central bank’s independence. Powell clarified the challenges referenced were not political criticism, but solely legal ones. "The past three months have left me no choice but to stay on," he said. He added the Justice Department will not reinvestigate him unless the Inspector General recommends a criminal referral. Still, Powell is not satisfied with this resolution. "I’ll remain a Fed governor—my term length is to be determined," he noted, and pledged to "keep a low profile." (FXStreet)

**April 30: Fed Chair Powell Says Officials Not Leaning Toward Rate Hikes** Federal Reserve Chair Jerome Powell told a press conference on April 30 that while some officials voted against retaining dovish language in the latest monetary policy meeting statement, he does not believe policymakers are leaning toward raising interest rates. “It’s not so much about the need to hike rates now, but more a discussion of whether the Fed should keep a neutral policy outlook stance,” Powell said. (FXStreet)

April 30 – Federal Reserve Chair Jerome Powell said the number of officials backing a shift to a neutral policy stance has grown, signaling a possible move away from the central bank’s current dovish stance at the next meeting. More Fed policymakers now see equal odds of a rate hike or a rate cut, FXStreet reported.