Federal Reserve Nominee Warsh's Opening Statement Released, Will Pledge Rate Decision 'Independence'

April 21 — Layer 1 blockchain Pharos has unveiled its PROS tokenomics, with a total supply of 1 billion PROS tokens. Below is the initial distribution breakdown: - Foundation Treasury: 16% - Lab Co. Treasury: 9% - Team: 20% - Investors: 20% - Ecosystem & Community: 21% (including a 6% community airdrop: 1% unlocked at TGE, 5% earmarked for future growth and airdrop incentives) - Node & Liquidity Incentives: 14% Notably, core team members and private sale investors face a 12-month lock-up period followed by a 36-month linear vesting schedule. Some treasury and incentive allocations have longer vesting periods (48–60 months). PROS will power transaction fees, PoS staking, validator participation, governance, ecosystem incentives, and potential Real World Asset (RWA)-specific use cases. Its staking issuance follows a phased inflation model: 0% inflation for the first six months post-mainnet launch, then 5% annual inflation starting in Month 7. Subsequent adjustments will

On April 21, Liquid Capital (formerly LD Capital) founder Daniel Yan noted he’s been tracking a rebound—not a reversal—lately. The key question is how far this rebound will go. Initially, the target was pegged at 85 (equivalent to $850,000 for Bitcoin), but no one can time the bottom perfectly. The main takeaway: set your own expectations and stick to sound risk management and profit-taking plans. From a trading and cyclical lens, another significant pullback could be on the horizon—one that may also offer a strong final buying opportunity. Potential triggers right now include: a pullback in U.S. stocks from record highs, a broad decline in risk assets, unhinged oil prices, and scary inflation prints that force the Fed to scrap rate cuts (even consider hiking rates). Stay bullish on the medium-to-long term while managing short-term risks.

On April 21, The Block reported that Thom Tillis—North Carolina Republican and key negotiator for the U.S. Senate Banking Committee—said the panel is unlikely to schedule an April hearing to amend and vote on a cryptocurrency market structure bill. The legislation’s main sticking point now centers on stablecoin rewards. The current draft would bar idle stablecoin accounts from earning rewards but allow rewards tied to transaction activity. Banking industry representatives worry such rewards could siphon deposits from traditional banks, while crypto firms argue restricting rewards would stifle innovation. Tillis has proposed pushing the committee’s deliberations to May. Earlier, Sen. Bernie Moreno warned that if the bill fails to pass by May, “digital asset legislation will be unable to move forward in the foreseeable future.”

On April 21st, Crypto Briefing reported that Nik Storonsky—CEO of Revolut, Europe’s largest fintech firm—told David Rubenstein in an interview the company’s IPO is at least two years away, with the earliest listing possible in 2028. Ahead of the IPO, Revolut will continue providing liquidity to employees and early investors via secondary stock sales. A new round of these transactions may launch in 2026, with the company’s latest valuation hitting $75 billion. The fintech is also ramping up U.S. expansion: it has filed its second application for a U.S. banking license. If approved, Revolut will gain direct access to the Federal Reserve’s payment system and offer loans and credit cards to U.S. users.

April 21 – Per ChainInfo, the whale/institutional investor that purchased $500 million worth of BTC and ETH in early February transferred its remaining 2,000 cbBTC (valued at $151 million) to Coinbase early this morning. This entity acquired 4,000 cbBTC at an average cost of $73,837 in early February. It has now transferred all 4,000 units to Coinbase at an average price of $75,181, netting a profit of $5.37 million.

April 21st — In a CNBC interview today, Tom Lee said retail investors will be the primary fuel for the next stock market rally. He noted many retail investors missed the rebound following the prior war-driven sell-off, but as fears ease, they will re-enter the market—bringing significant buying power to push stocks higher. With retail capital flowing back and corporate profits continuing to grow, Lee added investors could see “one of the best stretches of their lives” over the next 18 to 24 months. However, he emphasized near-term risks: the market may still test the new Federal Reserve chair before posting meaningful gains.