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Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Jim Cramer, host of CNBC's Mad Money, stated on his X account that Robinhood is failing to shed its reputation as a hotbed for speculation. He argued that a pivot to prediction markets would only reinforce the company's Wild West image, adding that the space is rife with scammers.

U.S. Federal Reserve Chairman Jerome Powell clarified at a press conference on April 29 that a dissenting vote at the recent monetary policy meeting against maintaining the statement's easing stance did not signify a preference for a rate hike. Powell explained that the discussion was not about whether rates should be raised, but rather about whether the Fed should adopt a more neutral position on its policy outlook.

U.S. Federal Reserve Chairman Jerome Powell stated that every administration has wanted to use the Fed's policy tools for other purposes, but the central bank has consistently refused. He added that the Fed does not want to use its policy tools to achieve goals outside its mandate. Powell noted that the Fed's independence is at risk and that it had no choice but to appeal to the courts to secure its ability to conduct monetary policy without political considerations.

U.S. Federal Reserve Chairman Jerome Powell said he trusts the word of Kevin Warsh, a candidate for the next Fed chair, who pledged at his confirmation hearing to maintain his convictions even when dealing with President Donald Trump.

Federal Reserve Chairman Jerome Powell said the impact of oil prices on the U.S. economy is lower than in Europe and Asia. He added, however, that the U.S. would feel a greater impact if the situation persists, and acknowledged that people are clearly feeling the burden of current high oil prices.

U.S. Federal Reserve Chairman Jerome Powell said the current interest rate level is at the upper end of the neutral range and is somewhat restrictive. He emphasized that the Fed can monitor the situation to see how events unfold before taking action.

Federal Reserve Chairman Powell stated that the current situation is more urgent than it was in March. He emphasized that the events of the next 30 to 60 days could be a turning point.

U.S. Federal Reserve Chairman Jerome Powell said an increasing number of committee members see the likelihood of a rate hike and a rate cut as being roughly equal. However, he added that no one is currently arguing for a rate increase.

Nigel Farage, leader of the right-wing Reform UK party, is facing scrutiny over a £5 million ($6.75 million) donation from prominent crypto investor Christopher Harborne ahead of the UK general election. According to CoinDesk, the UK's Conservative and Labour parties have accused Farage of violating House of Commons rules by failing to declare the funds. In response, the Reform UK party has argued that the money was a personal gift received before Farage was elected as a Member of Parliament, making it exempt from disclosure requirements. The Conservative Party has referred the matter to the parliamentary ethics committee for investigation.

U.S. Federal Reserve Chairman Powell said the central bank could review changing its current accommodative policy stance at its next meeting.

Federal Reserve Chairman Jerome Powell said he wants to assess the trajectory of energy prices and tariffs before considering interest rate cuts.

U.S. Federal Reserve Chairman Jerome Powell announced he will not step down from his post until a Department of Justice (DOJ) investigation is fully concluded. Powell stated he will remain on the board after May 15, though his term has not yet been determined, adding that he would serve with humility. He explained that while he had been preparing to retire, recent events and attacks over the past few months prompted his decision to stay at the Fed until all matters are resolved.

U.S. Federal Reserve Chairman Powell stated that the impact of tariffs will emerge within the next two quarters. He added that the surge in energy inflation has not yet peaked.

Federal Reserve Chairman Jerome Powell said the central bank has been studying the assumption that tariffs would only have a one-time effect on inflation.

U.S. Federal Reserve Chairman Jerome Powell announced at a press conference that this was his final FOMC meeting. He wished nominee Kevin Warsh the best of luck. Powell also welcomed the U.S. Department of Justice's announcement that it is dropping its investigation into him, adding that the DOJ assured him over the weekend it would not reopen the case without a criminal referral.

Whale Alert reported that 114,325 ETH has been transferred from an unknown wallet to Coinbase. The transaction is valued at about $254 million.

According to CoinNess market monitoring, BTC has fallen below $75,000. BTC is trading at $74,974.38 on the Binance USDT market.

The Federal Reserve stated in its FOMC statement that developments in the Middle East have increased uncertainty surrounding the economic outlook. The Fed upgraded its description of inflation from "slightly elevated" in its previous statement to "elevated," citing the impact of global energy prices. The statement noted that job growth has remained low on average and the unemployment rate has held steady. It added that the committee will closely assess incoming economic data, the evolving outlook, and the balance of risks when considering the extent and timing of any further adjustments to the federal funds rate.

U.S. President Donald Trump stated that the wars in Ukraine and Iran have been ongoing for a similar duration and will likely conclude around the same time.

U.S. President Donald Trump has threatened to destroy Iran's remaining missiles and related systems if the country fails to reach an agreement. He added that Iran's economy is collapsing, its currency has no value, and inflation is severe.

The federal funds rate swap market is now pricing in a 50% probability that the Federal Reserve will raise its benchmark interest rate by 25 basis points (bp) by April 2027.

Major exchanges have seen $182 million worth of futures liquidated in the past hour. In the past 24 hours, $508 million worth of futures have been liquidated.

The four dissenting votes within the Fed could be proof of the chaotic meeting and internal conflict that Fed Chair nominee Kevin Warsh mentioned at his confirmation hearing last week, according to Nick Timiraos, known as the Fed whisperer.

The Federal Reserve's Federal Open Market Committee (FOMC) has passed a resolution to hold interest rates steady following an 8-4 vote. Governor Milan dissented in favor of a 0.25 percentage point rate cut. Governors Hamack, Kashkari, and Logan also dissented, opposing the inclusion of language in the policy statement that indicated a bias toward monetary easing.