Point of View: The Federal Reserve Has Over-Eased, with a 65% Chance of Stagflation in the United States

April 24 — As the U.S.-Iran conflict persists, the Trump administration appears divided over next steps, per Andrea Dressi, assistant professor of international relations and global politics at Rome’s Roma Tre University. Dressi noted: “U.S. objectives keep shifting, strategy evolving, and goals adjusting. While the Trump administration has tried to project strength on social media, internal U.S. government divisions are escalating, disagreements mounting, and several top Pentagon/Defense Department officials have been dismissed.” This has bolstered the view that the U.S. and Israel’s launch of this conflict stemmed from “a serious misjudgment of its consequences or a lack of strategic foresight.” We’re now stuck in a stalemate — and in some respects, Trump is seeking an exit strategy. (FXStreet)

**OKX to List CHIP (USD.AI) for Spot Trading on April 24** Per an official announcement, cryptocurrency exchange OKX will launch spot trading for CHIP (USD.AI) on **April 24, 2026** (4/24/26 in U.S. date format) with the following timeline (all times in UTC+8): - **CHIP Deposits Open**: 3:00 PM UTC+8 - **CHIP Early Order Matching**: 4:00 PM – 5:00 PM UTC+8 - **CHIP/USDT Spot Trading Launches**: 5:00 PM UTC+8 - **CHIP Withdrawals Open**: 7:00 PM UTC+8 This rewrite aligns with U.S. language habits by using the **month/day/year** date format, 12-hour clock (with AM/PM) for clarity, concise phrasing ("per" instead of "according to," "launch" instead of "list"), and a headline-first structure common in U.S. financial/crypto news.

April 24 — Binance Wallet announced today it will launch Binance Alpha airdrop distribution at 17:00 UTC. The event uses an updated Binance Alpha Blind Box (Alpha Box) model, with the airdrop pool including tokens from multiple projects. Users with at least 228 Binance Alpha Points can claim rewards on a first-come, first-served basis, and claiming requires 15 Alpha Points. Additionally, the airdrop has three reward tiers: Common (80% of the pool), Rare (15%), and Ultra Rare (5%), each tied to different Alpha Blind Box values. Users will be randomly assigned a tier upon claiming, with rewards distributed per tier percentages. If rewards aren’t fully distributed, the points threshold will drop by 5 points every 5 minutes.

April 24 — Per Hyperinsight monitoring (via their Telegram channel at https://t.me/HyperInsight), Nvidia’s Q1 revenue blew past analyst expectations. The chipmaker’s stock extended gains in after-hours trading today, with its post-market jump widening to 23%. On the Hyperliquid platform, the associated asset is currently priced at $82, up 22.9% over 24 hours, with $36.6 million in 24-hour trading volume. Currently, the largest long position on Hyperliquid is a 3x leveraged cash:INTC long (tied to the Intel synthetic asset launched by Dreamcash), with a position size of $2.25 million. Unrealized profits on the position have swelled to $920,000 — a 210% gain. The position was opened 29 days ago when INTC traded around $48, and profits remain unbooked. Address: 0xd8d5b0f7219aed171efb5ae2ac3b9941206f7349

April 24 — Morgan Stanley Investment Management (MSIM) has launched the Stablecoin Reserve Portfolio Fund (MSNXX), a government money market fund tailored for stablecoin issuers. The fund aims to deliver a regulated, secure custody solution for reserves backing tokenized fiat-equivalent stablecoins. MSNXX invests exclusively in the safest, most liquid instruments: U.S. Treasury Bills (short-term loans to the U.S. government) and repurchase agreements (overnight loans secured by similar government securities), with capital preservation as its core goal. It targets a net asset value (NAV) of $1, ensuring invested funds retain constant value at redemption to mitigate price swings. Additionally, the fund offers daily liquidity, letting investors redeem shares on any trading day without waiting periods or penalties. Stablecoins currently hold a total market cap of $316 billion, with dollar-pegged tokens like Tether and USDC accounting for a large share. MSIM’s launch aligns with progr

On April 24, CoinGecko reported that 47% of LayerZero OApps still rely on a 1-of-1 Decentralized Verification Network (DVN) configuration, leaving over $45 billion exposed to the vulnerability that led to the ~$2.92 billion exploit targeting Kelp DAO.