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

April 7: Michael Cembalest, Chairman of J.P. Morgan Asset Management, released a new report noting the U.S.-Iran Gulf conflict has evolved from an "evil elimination" framing to a scenario where all parties face losses. The report highlights two key investor misjudgments about Iran: First, markets incorrectly view U.S. energy independence (as a net exporter) as a "firewall" against a Strait of Hormuz blockade or oil price shock. In reality, fossil fuels still account for 85% of U.S. final energy consumption. A global oil price hike would directly push U.S. domestic prices for crude, gasoline, jet fuel, etc., up by over 100% due to high pass-through rates—and price increases for hydrocarbons other than natural gas could even outpace those in Europe and Asia. Second, markets have underestimated the cost and effectiveness of Iran’s "hold the global economy hostage" strategy, while being overly optimistic about tension de-escalation. Iran has found controlling the strait cheaper and m

On April 7th, Defillama founder 0xngmi stated that Polymarket will roll out its native stablecoin, Polymarket USD. He noted that Polymarket users currently hold a combined ~$1.25 billion in their wallets, and the platform could earn $54 million in annual interest if it chooses to retain such income at current rates. (Link reference: [https://www.theblockbeats.info/flash/339850](https://www.theblockbeats.info/flash/339850))

On April 7, data from TheDataNerd shows a Bitcoin whale deposited 302.4 BTC into Binance 5 hours ago, worth roughly $20.77 million. The whale accumulated 523.7 BTC last year at an average cost of ~$97,000. A full sale at current prices would result in an actual loss of ~$8.56 million. It still holds 200.5 BTC today, valued at ~$13.77 million, with an unrealized loss of ~$5.67 million.

April 7th (Bitget Market Data) – U.S. pre-market crypto-related stocks are broadly lower across the board, with the following moves: MicroStrategy (MSTR) -1.21%, Coinbase (COIN) -0.71%, Circle (CRCL) -0.34%, MARA Holdings (MARA) -0.79%, Riot Blockchain (RIOT) -0.89%, Bit Digital Immersion (BMNR) -1.26%, SuperBox Gaming (SBET) -1.52%.

On April 7, Iranian President Ebrahim Raisi said more than 14 million Iranians have so far registered as volunteers willing to sacrifice their lives to defend Iran—including himself. “I have been willing to sacrifice my life for Iran in the past, present, and future,” he noted.