Federal Reserve Chair Powell: Currently Not Seeing Stagflation, Not in a Hurry to Cut Interest Rates

On April 2nd, according to official information, Layer1 blockchain Shardeum released an announcement indicating that the mainnet will become live on April 15th.

On April 2nd, an IG analyst stated in a report that if the US were to announce tariffs tonight and trade policy remained unclear, the prices of risk assets might further decline. It was mentioned that investors still "have a deep sense of uncertainty regarding the scope, scale, and objectives of these measures. The lack of transparency has increased investor anxiety, driving the gold price to a record high." The US is facing factors such as a slowdown in manufacturing, rising inflationary pressure, and weak consumer spending, which complicate the role of the Federal Reserve. The global market is currently stagnant. However, once the tariff policy is announced, it will face "significant volatility," with stock markets, foreign exchange markets, and commodity markets potentially experiencing substantial fluctuations. (FXStreet)

On April 2nd, as reported by The Block, Elon Musk's social media platform X has submitted a request to the U.S. Supreme Court. The request aims to prevent law enforcement from compelling companies, such as the cryptocurrency exchange Coinbase, to disclose user financial data. In a friend-of-the-court brief submitted to the Supreme Court last Friday, X Corp. stated that the Internal Revenue Service (IRS) had previously obtained Coinbase's transaction records covering three years through a subpoena without a search warrant. These records involved more than 14,000 customers of the exchange, including petitioner James Harper's transaction records. Social media giant X, along with seven other research institutions and advocacy organizations, has jointly expressed concerns about the use of so-called "suspicionless subpoenas." They argue that such requests violate user privacy. X Corporation stated that the IRS "obtained a substantial amount of Coinbase user records through large-scale subp

On April 2nd, due to the significant uncertainty regarding the direction of the U.S. tariff policy and the potential market reactions, the panic index VIX rose to a level that was more than two weeks high, reaching 24.80 on Monday. It closed at 22.77 on Tuesday. Mark Spindel, the Chief Investment Officer of Potomac River Capital LLC, said, "I believe the market is truly holding its breath." He anticipates that this "panic index" may potentially rise to the 30 level. This level generally indicates that the market is entering a highly risk-averse state. (Jinse)

On April 2nd, according to Ember Monitor, a whale spent $32.45 million purchasing EIGEN at its peak in October 2024. It then suffered a loss of $17.19 million and transferred part of its position to HYPE. It also bought at the highest point, incurring a loss of $5.21 million. The total value of the tokens it currently holds is approximately $10.03 million. In total, it has suffered a loss of $22.42 million in 5 months.

On April 2nd, as monitored by ElonAlertsX, Elon Musk has just initiated the act of following the account of Wang Chun, the co-founder of F2Pool, on X (formerly known as Twitter).