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

As of May 1, per EmberCN monitoring, Pantera Capital—Ondo’s lead investor—transferred 83.9 million ONDO tokens (valued at $22.11 million) five hours ago, a move that could signal an upcoming sale. The recipient address of these tokens from Pantera previously received 34.28 million ONDO tokens (valued at $42.52 million a year prior) from Ondo’s multisig address, and later transferred the tokens in batches to Coinbase Prime.

On May 1, the UK’s Financial Conduct Authority (FCA) rolled out new rules for tokenized funds, letting funds use blockchain and distributed ledger technology (DLT) to keep investor records and manage shares under the existing regulatory framework—pushing the digitization of the asset management sector. Under the new rules, authorized funds can host investor registers on public blockchain networks (as long as they meet security and transparency standards) and issue fund shares across multiple blockchains. The FCA also launched the optional “Direct-to-Fund (D2F)” model, letting funds or custodians transact directly with investors to simplify on-chain settlement. The FCA noted the rules have already helped approve the UK’s first tokenized UCITS fund and will further explore how stablecoins, digital cash, and smart contracts can be used in fund settlements. It plans to gather additional feedback on DLT’s use in wholesale financial markets by 2026. The UK’s full crypto asset regulator

**May 1: Senate Unanimously Passes Ban on Lawmakers, Staff Using Prediction Markets** The U.S. Senate on May 1 unanimously approved a new rule from Ohio Republican Senator Bernie Moreno, prohibiting senators and their staff from participating in prediction market betting. The restrictions took effect immediately. Under the rule, senators may not enter contracts or agreements tied to "payment, transaction, or settlement based on whether a specific event occurs and the degree of the outcome"—covering speculative activities like political prediction markets. Moreno said, "Members of Congress shouldn’t collect taxpayer-funded salaries while also engaging in speculative activities like prediction market betting." In recent years, political prediction markets have surged in popularity, with platforms like Polymarket facing scrutiny over insider trading claims and regulatory concerns. Polymarket responded by supporting the Senate’s move, noting its platform already bans such activ

Apple (AAPL.O) reported fiscal 2026 Q2 results on May 1, topping Wall Street forecasts across key metrics—all hitting new highs—while its stock climbed more than 3% in after-hours trading. Revenue totaled $1.1118 trillion, exceeding the expected $1.0966 trillion. Net profit reached $29.578 billion, and earnings per share (EPS) stood at $2.01, both new records. Apple CEO Tim Cook announced he will step down in September, with John Turner set to succeed him. Turner has led development of the iPhone 17 series and iPhone Air. Product segment performance was mixed: MacBook sales were strong, but iPhone revenue hit $569.9 billion—slightly below the $572.1 billion forecast—due primarily to a shortage of high-end chips. Cook noted demand remained robust but the supply chain was “slightly tight,” adding pressure is expected to ease in the June quarter. Wearable device revenue reached $79.01 billion. On capital returns, Apple unveiled a new $100 billion stock repurchase program, rais

May 1st: U.S. President Trump said he doesn’t care if Jerome Powell stays on as a Federal Reserve Board member even after his term as Fed Chair ends. Powell’s Fed Chair term wraps up May 15, but his Board member term runs through 2028. He’s stated he plans to “continue serving as a Board member for an unspecified period of time.” Meanwhile, Kevin Warsh is expected to get full Senate confirmation before Powell’s Chair term expires—and Powell staying on could complicate Trump’s push to reshape the Fed. When asked if he’d take any action about Powell’s decision to remain a Board member, Trump replied: “No, I don’t care if he stays as a Board member. I just want to make sure Kevin can take on this role.” (FXStreet)

On Thursday, May 1, Alphabet Inc.—Google’s parent company—closed up 10% at $384.80 per share. Its market capitalization surged by $421 billion in a single day, marking the second-highest single-day market cap growth in history. The previous record holder is NVIDIA, which saw its market cap skyrocket by roughly $440 billion in one day when former President Donald Trump announced a suspension of additional tariffs. As of Thursday’s close, Alphabet’s stock has climbed 23% so far this year, adding more than $860 billion to its market cap and bringing its total valuation to $4.65 trillion. This puts Alphabet closer to overtaking NVIDIA as the world’s largest company, with the latter’s market cap standing at $4.85 trillion.