U.S. Senator Tillis said he will push the Stablecoin Clarity Act into formal deliberation.
On April 29, according to Eleanor Terrett, U.S. Senator Thom Tillis (R-NC) stated that he is prepared to move the stablecoin-related Clarity Act into the markup stage at the Senate Banking Committee and will request that the committee chair schedule time for this after senators return to session.
Tillis noted that concerns raised by most banks regarding stablecoin yield have been heard and addressed, and other stakeholders may continue to engage in “good-faith participation.”
Regarding timing, he aims to publicly release the legislative text concerning stablecoin yield four to five days before the formal markup for stakeholders to preview, and expressed broad support for Senator Cynthia Lummis’s approach to designing provisions addressing impacts on software developers and law enforcement.
[PANews]
Trump: Will not lift the naval blockade against Iran until the nuclear issue is resolved.
April 30th news, US President Trump was interviewed by Israel News Channel 12 today and said, “I will not lift the maritime blockade on Iran until an agreement is reached on the nuclear program.”
“In a sense, a maritime blockade is more effective than bombing,” the US president said of the measure. “The Iranians are suffocating—like a fat pig. Things will only get worse for them. They cannot have nuclear weapons.”
Trump claimed that “the Iranians want to reach a settlement. They don’t want me to continue the blockade.” Trump further elaborated on the effectiveness of the maritime blockade, saying that “Iran’s oil reserves and pipelines will soon burst due to the blockade.”
[PANews]
Ripple Deepens Collaboration with Bullish to Expand Options and Stablecoin Ecosystem
Ripple announced a further deepening of its long-term partnership with Bullish, an institutional-grade digital asset exchange, to enable Ripple Prime users’ access to Bullish’s options market.
Under the agreement, institutional clients of Ripple Prime will gain direct access to Bullish’s regulated Bitcoin options market—the second-largest trading venue for crypto-settled BTC options by open interest—and also to its spot, perpetual, and delivery contracts.
Additionally, both parties stated that the stablecoin Ripple USD (RLUSD) will be used as a settlement and trading instrument in Bullish options trading, further enhancing institutional trading efficiency.
[Crowdfund Insider]
Wash’s nomination for Federal Reserve Chairman passed Senate committee vote
The U.S. Senate Banking Committee voted to advance Wash’s nomination for Federal Reserve Chair to the full Senate floor.
[Foresight News]
MegaETH token MEGA will be listed on April 30th at 18:00.
MegaETH announces that the MEGA token will be launched on April 30th, with on-chain functions opening at 18:00 and off-chain related services starting at 19:00.
[PANews]
Grayscale transferred 3,004 ETH to Coinbase
According to Arkham monitoring, approximately 1 hour ago, Grayscale transferred 3,004 ETH to Coinbase, valued at 6.95 million USD.
[Odaily Planet Daily]
Pump.fun launches the Charity Coins feature, enabling creators’ fees to be directed to charitable organizations.
Pump.fun has announced a collaboration with Donate.gg to launch the Charity Coins feature, allowing projects to direct creator fees to charities. Users can set up to 5 charities as fee recipients in the Pump.fun app or on the web, and Donate.gg will be responsible for processing crypto assets and transferring donations.
According to reports, the feature aims to reduce controversy, tax issues, and security risks in charity-narrative Meme coins, and currently supports compliant donations to over 10,000 charities.
[Odaily]
S&P: Current expectation for 2026 WTI crude oil price is $95.00 per barrel
S&P said that its current expectation for the 2026 WTI crude oil price is $95.00 per barrel, and the expectation for Brent crude oil price is $100.00 per barrel.
Even if the Strait of Hormuz is fully reopened, oil flows may only recover gradually. Any reopening of the Strait of Hormuz is expected to be fragile, and liquidity is vulnerable to intermittent disruptions.
[Golden Ten]
Hyperliquid plans to enter the prediction market, aiming to explore zero opening fees to challenge Polymarket.
Hyperliquid is rapidly entering the prediction market space, planning to compete with platforms like Polymarket and Kalshi through its newly launched “outcome tokens” mechanism.
According to its latest disclosed fee structure, Hyperliquid applies a “zero-fee opening position, fee-on-closing-or-settlement” model for event trading, covering multiple scenarios including minting, trading, burning, and settlement. The platform also offers lower trading costs for “aligned quote tokens,” featuring enhanced market-making rebates and fee discounts. This functionality will be introduced via the HIP-4 upgrade, enabling users to trade binary contracts tied to real-world events within the same account—and integrating them seamlessly with Hyperliquid’s existing spot and perpetual contract ecosystem to create a unified trading environment.
Prediction markets have grown rapidly in recent years, with total trading volume exceeding $6.35 billion in 2025. Hyperliquid’s previously launched HIP-3 has already driven its permissionless perpetual contract market to account for over 35% of the platform’s total trading volume. Currently, event tokens remain on testnet; the mainnet launch date has not yet been announced, but industry observers widely regard them as critical infrastructure for Hyperliquid’s challenge to the existing prediction market landscape.
[CoinDesk]
CME: Energy and interest rate volatility increases global monetary policy uncertainty
April 29th news, according to CME Group, the recent simultaneous and sharp fluctuations in assets such as crude oil, U.S. Treasury bonds, the U.S. dollar, and gold constitute a typical cross-asset “contagion” pattern.
The CME CVOL index shows that the 30-day implied volatility of crude oil and U.S. Treasury bonds has increased significantly, and the “convexity” of U.S. Treasury bonds has continued to rise since the end of 2025, reaching a high in mid-March, reflecting the market’s significant uncertainty about both the resurgence of inflation and the weakening of the economy. Rising energy prices have pushed up the costs of fuel, transportation, and fertilizers, making it more difficult for the Federal Reserve to choose between fighting inflation and economic slowdown.
At the same time, gold prices have fallen by about 14.00% from late February to late March against the backdrop of tensions in the Middle East, but the increase in volatility and demand for put options shows that traditional safe-haven assets are also under pressure.
[PANews]
Manus M&A deal blocked. Experts: This move shows that China remains open to foreign investment, but remains cautious about key and sensitive investments.
On April 29, the Foreign Investment Security Review Office of the National Development and Reform Commission prohibited the acquisition of the Manus project by foreign capital and required the transaction to be revoked. Earlier this year, the world’s first general artificial intelligence agent, Manus, announced that it was about to be acquired by the U.S. tech giant Meta.
This merger was prohibited due to concerns involving the international environment, key technologies, and data security, and is considered to have demonstrative significance. Experts noted that Manus, which initially relied on Chinese engineers and infrastructure, was transferred to Singapore through capital operations before attempting to sell to Meta, a move that triggered regulatory attention.
This action demonstrates that China remains open to foreign investment while maintaining a cautious approach toward key and sensitive investments, emphasizing the importance of compliance and regulation.
[PANews]
Analysts: Traders may reduce risk exposure ahead of Fed decision
Pepperstone analyst Michael Brown stated that traders may reduce their exposure to risk assets ahead of the Federal Reserve’s interest rate decision, scheduled for 2 a.m. Beijing time on Thursday, and earnings reports from major U.S. tech giants including Microsoft, Google’s parent company Alphabet, Amazon, and Meta.
He noted: “Given the imminent event risks, many participants will want to pare back their positions.”
He added that traders are also “becoming aware” that there is still no positive news regarding the Middle East conflict, no signs of a U.S.-Iran peace agreement, and the Strait of Hormuz remains blocked.
[Odaily]
Wash Fed Chair Nominee Passes Senate Committee Vote
The U.S. Senate Banking Committee voted to send Wash’s nomination for Federal Reserve Chairman to the full Senate.
[ChainCatcher]
U.S. EIA crude oil inventories for the week ending April 24 decreased by 6.234 million barrels, compared to an expected decrease of 0.231 million barrels.
U.S. EIA crude oil inventories for the week ending April 24 decreased by 6.234 million barrels, compared to an expected decrease of 0.231 million barrels and a previous increase of 1.925 million barrels.
[Odaily]
Data: Nearly half of Polymarket accounts have profits or losses concentrated within the ±$10 range.
Since the beginning of 2025, over 100,000 wallets on the prediction market platform Polymarket have incurred losses of at least $1,000—nearly double the number of users who achieved equivalent profits.
Overall, aside from a small number of top-tier accounts, the majority of users are in the red, with cumulative net losses totaling approximately $131 million.
Meanwhile, nearly half of all accounts have gains or losses concentrated within the ±$10 range, indicating limited overall returns for retail participants, while substantial profits are concentrated among a select few users.
[PANews]
The Federal Reserve’s interest rate decision and policy statement received the most dissenting votes since October 1992.
The Federal Reserve’s interest rate decision and policy statement received the most dissenting votes since October 1992.
[Odaily]
Bio Protocol launches BioXP upgrade; Ignition sale is now open
Bio Protocol has announced that the latest upgrade to BioXP is now live, and the Ignition sale is now open to users holding USDC. Users can immediately mint BioXP by burning BIO tokens; BioXP will determine allocation shares in the event of oversubscription.
All Ignition sales will conclude as follows: full refunds if the target is not met; allocations based on USDC contributions if the target is met; and priority allocation for contributors who pair USDC with BioXP in the case of oversubscription.
Any remaining USDC will be proportionally allocated or refunded; if only USDC is committed, the system will treat it as a commitment of 1 BioXP.
[Foresight News]
Sources: The U.S. military has prepared a “short-term and powerful” strike plan against Iran.
U.S. President Trump stated that the maritime blockade against Iran will continue until Iran agrees to a deal that alleviates U.S. concerns regarding Iran’s nuclear program.
According to reports, Trump rejected Iran’s proposal to “lift the blockade and restore navigation in the Strait of Hormuz first, then postpone nuclear talks,” emphasizing that the blockade remains the most effective means of pressure at present. He stated that the blockade is “more effective” than direct military strikes and noted that Iran is under immense pressure due to its inability to export oil.
Sources indicated that the U.S. military has prepared a “short-term and forceful” strike plan; should negotiations remain deadlocked, the U.S. may consider striking Iran’s critical infrastructure to compel it back to the negotiating table.
[Odaily]
Today’s Market Pulse
The crypto market is caught between advancing regulatory clarity for stablecoins and rising geopolitical tensions that are complicating monetary policy decisions and creating cross-asset volatility.
Key Themes
Regulatory Developments Shaping Crypto Landscape
The Stablecoin Clarity Act is advancing to formal deliberation in the Senate Banking Committee, addressing key bank concerns about stablecoin yield and signaling potential regulatory progress. Concurrently, the confirmation of Wash as Federal Reserve Chairman, despite receiving the most dissenting votes since 1992, reflects underlying market uncertainty about policy direction. The blocked Manus acquisition by Meta demonstrates China’s cautious approach to foreign investment in sensitive technologies, creating potential regulatory headwinds for cross-border crypto deals.
Geopolitical Pressures Impact Energy and Crypto Markets
President Trump’s maritime blockade against Iran and the U.S. military’s prepared strike plans are creating significant energy market volatility. With S&P forecasting $95 WTI crude for 2026 and the Strait of Hormuz remaining blocked, inflationary pressures persist, complicating the Federal Reserve’s policy decisions. This energy uncertainty is spilling into crypto markets, with traders reducing risk exposure ahead of key Fed decisions and tech earnings reports.
Institutional Crypto Infrastructure Expanding
Ripple‘s expanded partnership with Bullish to integrate RLUSD into options trading represents institutional adoption of stablecoins for complex derivatives. Concurrently, Hyperliquid is entering the prediction market space with a zero-fee model to challenge established players like Polymarket, where retail participants are predominantly facing losses. These developments indicate a maturing institutional ecosystem around crypto-native financial products, with Pump.fun‘s Charity Coins feature attempting to address regulatory and reputational challenges in the meme coin space.
RichSilo Verdict
Smart money should monitor the Fed’s policy trajectory as it grapples with energy-driven inflation, while tracking the progress of stablecoin legislation for regulatory catalysts. The Iran situation presents both risks (disruption to global oil flows) and opportunities (potential safe-haven flows into crypto). Institutional adoption indicators like Ripple-Bullish integration and prediction market expansion deserve attention as leading indicators of maturation, but the concentration of profits among select participants suggests these markets remain inefficient for sophisticated investors.
