Ethereum Gas Fee Continues to Drop, Now at 0.352 Gwei

April 21 — Federal Reserve Chair nominee Powell said if appointed to lead the Fed, he would push for comprehensive policy reform. Testifying before a Senate committee, Powell stated: “In my view, the Fed needs fundamental policy reform. Mistakes in addressing inflation during the COVID-19 pandemic demand such changes — which, I believe, requires a shift in policy implementation and a new, distinct inflation framework.” He added: “We need new tools and new communication approaches,” citing forward guidance, economic projections and the Fed’s dot plot. He noted the central bank should hold off on issuing statements until meetings, as pre-meeting forecasts would hinder decision-making.

On April 21st, Federal Reserve Chair nominee Jerome Powell told his Senate confirmation hearing that he would make monetary policy decisions independently, without being swayed by any advice or pressure from former President Trump. He emphasized that maintaining low inflation acts like "body armor," shielding the Fed from criticism. Powell noted the Fed’s independence "depends in large part on the Fed itself"—specifically, on successfully meeting its goals and not exceeding the authority granted by Congress. Powell added: "Even if government officials—the President, senators, or representatives—voice views on interest rates, monetary policy implementation will not face significant threats to independence. Congress has given the Fed a clear mission: ensure price stability, with no excuses, ambiguity, debate, or hesitation. Inflation is a choice, and the Fed must take responsibility for it. Low inflation is the Fed’s shield." He also stated the Fed has "lost its way" at times, t

April 21, 2025 — Crypto law firm Burwick Law has filed a federal class-action lawsuit in the U.S. District Court for the Southern District of New York (SDNY) against AI16Z and ELIZAOS creator Walters, along with other defendants, alleging violations of consumer protection laws, false advertising, and unjust enrichment. Legal filings show the defendants leveraged Andreessen Horowitz (a16z)’s brand reputation to package their project, launching the AI16Z token on the Solana blockchain on October 24, 2024 before rebranding it to ELIZAOS. The complaint claims the project falsely advertised AI agents capable of autonomous investing—but the systems were actually human-operated, and no revenue was generated at the time the lawsuit was filed. Additional suit details note the token hit an all-time high of roughly $2.47 on January 2, 2025, with a market capitalization exceeding $26 billion, before crashing due to selling by large holders (whales). On-chain data indicates the most profitabl

April 21: Fed Chair nominee Powell said the cost of living may be an even more pressing issue. (FXStreet)

April 21 — Federal Reserve Chair nominee Powell delivered his prepared opening statement at the Senate confirmation hearing. (FXStreet)

On April 21, per Bitget market data, the Nasdaq extended its gains, hitting a new intraday all-time high of 24,537.58 points.