Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

On April 29, Pump.fun officially announced it has permanently burned all PUMP tokens accumulated via buybacks—valued at roughly $370 million, representing 36% of its current circulating supply. Pump.fun also launched a year-long programmatic buyback and burn plan: 50% of the platform’s revenue will fund open-market PUMP token purchases, which will be burned immediately. The remaining 50% will go to team operations, product development, ecosystem building, and other efforts to support the project’s sustainable growth. The platform noted this initiative aims to rebuild community trust, reduce circulating supply, and enhance the token’s long-term value. Per HTX market data, PUMP’s price has surged above $0.019, posting a 7.1% gain over the past 24 hours.

April 29 – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an interpretive document Thursday barring U.S. individuals and entities from paying the Hormuz Strait Passage Fee to Iran. The directive prohibits U.S. persons, U.S. financial institutions, and U.S.-owned or -controlled foreign entities from directly or indirectly paying the fee to the Iranian government or the Islamic Revolutionary Guard Corps (IRGC). OFAC also warned non-U.S. individuals or entities face significant sanction risks if they pay the fee to Iran. U.S. sanctions on Iran and the IRGC stem from non-proliferation and counterterrorism concerns; foreign financial institutions and other non-U.S. entities engaging in transactions with sanctioned entities, or in certain Iranian economic sectors, may face sanctions. On the same day, OFAC added 17 foreign individuals and 18 foreign entities to its Iran-related sanctions list. (CCTV)

The deployer of $PNUT (pnutdeployer.sol) spent 49.5 $SOL ($4,341) to buy 1.79M $BELKA. pnutdeployer.sol also sent an on-chain message: "belka, you have what it takes. this is your moment king. take the acorn & run it in valhalla. make PNUT proud from one squirrel to another…??? "

As of April 29, per GMGN market data, the Ethereum ecosystem token uPEG briefly topped a $12 million market cap, hitting a new all-time high. It now trades at a $11.22 million market cap, with a 24-hour gain of 52.7% and $3.7 million in 24-hour trading volume. Public records show Unipeg (its native token uPEG) centers on on-chain assets built using Uniswap V4 Hooks. Every transaction instantly generates a unique 24×24 SVG pixel art unicorn—no artist involvement or minting required, as the process is fully on-chain driven. As previously reported, on April 25, OpenSea CMO Adam Hollander bought a small amount of uPEG, stating: “I’m just interested in this concept and wanted to experiment.” This move briefly triggered a more-than-3x surge in uPEG’s price. BlockBeats advises users that prices of associated tokens are highly volatile; invest with caution.

April 29 – The judge overseeing Elon Musk’s lawsuit against OpenAI has ordered tech executives tied to the case to limit excessive social media posts. The day prior, the world’s richest person targeted OpenAI leadership on social media, labeling ChatGPT owner OpenAI’s CEO Sam Altman a “fraudster.” Ahead of Tuesday’s court hearing, District Judge Iroegbu urged Musk and OpenAI’s representatives to “curb social media use to prevent out-of-court tensions from escalating.” Musk, Altman, and OpenAI President Grokman have all stated they will comply, per Golden Finance.

April 29 – OpenAI pushed back against sales growth concerns Tuesday, dismissing a Wall Street Journal (WSJ) report as "classic clickbait." Bloomberg noted the AI firm rejected worries over missed internal targets, saying its consumer and enterprise divisions are "operating at full tilt." Commercial client demand and its nascent ad business are growing, OpenAI added, with the company calling internal morale "extremely positive." Earlier Monday, WSJ reported OpenAI missed several internal goals amid rival competition—something OpenAI brushed off as misleading. Shares of OpenAI investors/partners—SoftBank Group, Oracle, CoreWeave among them—dropped Tuesday. WSJ also reported OpenAI CFO Sarah Friar has warned slower sales growth could leave the firm unable to fund future computing needs. The stock declines underscore OpenAI’s central role in a tangled web of investments and deals with top cloud providers and chipmakers. Investors have previously flagged an AI infrastructure bubble, g