Federal Reserve Chairman Powell: Near-term inflation expectations have risen, unemployment rate has not changed much
Federal Reserve Chair Powell stated that recent inflation expectations have risen, while the unemployment rate has remained largely unchanged.
Long-term inflation expectations are consistent with the 2% target.
[Odaily]
4 Dissents Show Fed Rifts Deepening as Powell’s Term Nears End
The Federal Reserve maintained interest rates as expected. A total of 12 voting members participated in the vote, with 4 dissenting votes, the most since October 1992.
According to the FOMC statement, Federal Reserve Governor Mian voted against holding interest rates steady and supported a 25 basis point rate cut; Cleveland Fed President Mester, Minneapolis Fed President Kashkari, and Dallas Fed President Logan voted to hold interest rates steady but opposed retaining dovish language in the statement.
The FOMC statement retained the word “further” in “when considering the extent and timing of further adjustments to the target range for the federal funds rate.” Investment banks expected the word “further” to be removed to weaken the inclination to imply rate cuts.
This meeting is likely to be Powell’s last as Chairman of the Federal Reserve.
[Odaily]
SWEAT protocol thwarts multi-million dollar attack, user balances restored
April 30th news, Sweat Economy’s SWEAT token contract suffered a vulnerability attack on Wednesday. The attacker emptied multiple foundation accounts within 30 seconds, controlling approximately 13.71B SWEAT (approximately 65% of the total supply, worth approximately $3.50M at the time).
The SWEAT team quickly suspended the token contract and contacted MEXC and Rhea Finance, which the attacker used to liquidate the funds. MEXC froze the attacker’s account, and Rhea suspended SWEAT trading.
Ultimately, all user funds were recovered, and operations returned to normal. SWEAT plans to submit an incident report to law enforcement and conduct a detailed forensic analysis.
[PANews]
Analyst: The Fed Seems to Be Entering a New Phase, Internal Divisions Complicating Matters
Analyst Anstey pointed out that we seem to be in a new field and need more time to understand the current situation.
We need to note that, regarding the interest rate decision itself, the only dissenter was Milan, who wanted to cut interest rates by 0.25 percentage points. The other three members, Hamac, Kashkari, and Logan, felt it was appropriate to keep interest rates unchanged today.
Interestingly, these three committee members who dissented on policy inclinations basically interpreted this statement as leaning towards easing. Because literally, this is clearly neutral: the committee will adjust its monetary policy stance in a timely manner based on the actual situation to prevent risks that may hinder the achievement of the committee’s goals. The “goals” are, of course, to maintain price stability and achieve full employment. But in my opinion, these three seem to think that this statement is mainly aimed at the task of employment.
[Golden Ten]
Market pricing indicates that the Federal Reserve is more likely to raise interest rates this year than to cut them.
After some hawkish signals from Federal Reserve officials, Wall Street traders are betting that the Fed could raise interest rates this year, although the likelihood remains very low.
CME’s interest rate futures data shows that traders now assign an 11% probability to a Fed rate hike this year—up from 5% earlier in the day and 0% on Tuesday—while the probability of a rate cut hovers around 2%.
[Odaily]
Analyst: Unexpected divisions within the Federal Reserve; Worsening challenges expected after Wash’s appointment
Analysts Anna and Stuart noted: Today’s policy of maintaining interest rates unchanged was expected, but what is striking are the dissenting opinions. Ironically, Powell, who is widely seen as being able to foster consensus—in what is likely to be his last meeting as Fed Chairman—presided over the meeting with the most dissenting opinions.
This policy statement also upgraded the description of inflation from “somewhat elevated” to “elevated.” Coupled with the apparent divisions within the committee, this highlights the challenges Kevin Warsh faces in achieving the rate cuts that Trump desires.
Unless there is a significant deterioration in the labor market, it is hard to imagine this divided committee acting quickly to cut interest rates.
[Golden Ten]
Meta supports some creators settling in USDC, connecting to Solana and Polygon wallets.
Meta has begun offering select creators the option to settle payments in USDC, allowing users to withdraw their earnings directly to wallets built on Solana or Polygon.
Creators can link crypto wallets (e.g., MetaMask, Phantom) to receive funds. Payment processing is powered by Stripe and may provide users with crypto-related tax reporting.
Meta also cautions that stablecoin payments carry inherent risks, and users are responsible for securing their accounts and wallets; in the event of technical issues or special circumstances, the company may also complete settlements using alternative payment methods.
Earlier reports indicated that Meta plans to further expand its stablecoin-related business operations this year.
[Odaily]
U.S. President Trump: If Iran does not reach an agreement, I will destroy the remaining missiles and systems.
US President Trump: I will destroy the remaining missiles and systems if Iran does not reach an agreement.
[Golden Ten]
Meta re-enters the stablecoin race, launching USDC payment functionality for select creators
According to Meta’s official website, Meta has opened stablecoin payment functionality to some creators in Colombia and the Philippines, supporting receiving USDC via the Solana and Polygon networks. Creators need to bind a third-party crypto wallet address to the Facebook payment platform. Meta does not provide USDC exchange services for local legal tender. Stripe provides crypto-related support for tax reporting.
A Meta spokesperson said that the company is exploring the possibility of incorporating stablecoins into payment options. This is Meta’s first re-engagement in stablecoin payments since shutting down the Libra (Diem) project in 2022.
[ChainCatcher]
Federal Reserve Chairman Powell: Will not leave until the Department of Justice investigation is completely over, and will continue to serve as a governor after May 15.
Federal Reserve Chair Powell: “I stand by my position—I will not step down until the Department of Justice investigation is fully concluded.”
He will remain on the Board of Governors after May 15.
[GoldTen]
Following the release of the Federal Reserve’s interest rate policy, short-term U.S. interest rate futures continue to reflect a low probability of interest rate cuts this year.
After the Federal Reserve kept its policy interest rate unchanged, short-term U.S. interest rate futures continued to reflect a low probability of rate cuts this year.
[Odaily]
Anthropic’s valuation may rise to over $900 billion, surpassing OpenAI.
PANews, April 30 — According to JINSHI News, insiders revealed that Anthropic has begun planning a new round of financing, which would value the company at over $900 billion, potentially surpassing OpenAI to become the world’s most valuable AI startup.
According to relevant sources, Anthropic’s management is reviewing numerous investment proposals from investors—proposals that could more than double the company’s current valuation. However, these considerations remain in a very early stage, and the company has not yet accepted any investment proposals.
Anthropic previously rejected new investment proposals from investors valuing the company at over $800 billion.
[PANews]
Powell: Welcomes the Justice Department’s decision to stop the investigation and will remain as a governor after stepping down as chairman.
Federal Reserve Chair Powell stated that he welcomes the Department of Justice’s (announcement to drop the investigation into Powell) released last Friday. Over the past weekend, the Department of Justice provided assurances that it will not restart the investigation unless there is a criminal referral.
I will not step down until the Department of Justice’s investigation is fully concluded. I will remain on the Board of Governors after May 15, for an undetermined duration, and will depart the Federal Reserve at an appropriate time. I will serve as a Board member in a low-key manner.
[Golden Ten]
Account with losses exceeding $3.00 million purchased a $260,000 NBA Playoffs Eastern Conference First Round Game 5 bet on the Detroit Pistons covering the spread against the Orlando Magic.
Odaily Seer’s prophet channel monitoring shows that in the Polymarket “NBA Playoffs Eastern Conference First Round G5 Pistons vs. Magic” prediction event, an account (0x492442eab586f242b53bda933fd5de859c8a3782) with losses exceeding $3.00M purchased $260,000.00 worth of Pistons -10.5 to win against the Magic, with an average opening price of 51.5¢ and a current price of 69.5¢, resulting in a floating loss of approximately $88,000.00.
In the NBA Playoffs Eastern Conference First Round, the Pistons vs. the Magic have a score of 3:1, with the Magic temporarily leading. G5 took place at 7:00 AM Beijing time today, and is currently in the second quarter. The Pistons’ starting lineup is Ausar, Harris, Duren, Robinson, and Cunningham; the Magic’s starting lineup is Kane, Banchero, Carter, Bane, and Suggs.
Odaily Seer’s prophet channel continues to focus on the prediction market, seeing changes before pricing.
[Odaily Planet Daily News]
Analyst: Powell’s forward guidance may be limited; greater attention should be paid to his future actions.
As the market widely expects the Federal Reserve to hold interest rates steady at this meeting, analysts say the more critical focus will be on Federal Reserve Chair Jerome Powell’s future path: Will he remain at the Fed or step down when his term as chair ends on May 15?
Analysts stated: “Regardless of his plans, we believe Powell’s forward guidance on policy during his final press conference as chair will be extremely limited—especially given that Kevin Warsh is expected to be confirmed as his successor.”
They added: “We expect Powell to adopt a more reflective tone when reviewing his tenure—he leaves behind an economy in solid shape, yet still some distance away from achieving the 2% inflation target. With peace talks between Iran and the U.S. stalled, prolonged closure of the Strait of Hormuz appears to have become the new normal; thus, we believe the FOMC’s resolve to hold rates steady has further strengthened.”
[Odaily]
Powell: Dissenters on easing stance are not leaning towards rate hikes
Federal Reserve Chairman Powell said at a press conference that although some people voted against keeping the wording of the dovish stance unchanged in the statement at the most recent monetary policy meeting, he believes that officials are not inclined to raise interest rates.
Powell said: “People are not saying that we need to raise interest rates now, but more of a discussion about whether the Fed should remain neutral on the policy outlook.”
[Golden Ten]
Coinbase will stop Dai (DAI) trading on May 4th, and unwithdrawn Dai will be converted to USDS at a 1:1 ratio.
April 30th news, according to the official announcement, Coinbase will stop Dai (DAI) trading on its official website and mobile application on May 4, 2026, and suspend Dai’s sending and receiving functions from May 4th to 6th.
Dai that remains on the platform after May 4th will be automatically converted to USDS at a 1:1 ratio. If users do not want their Dai to be converted, please transfer it to a compatible self-custody wallet before May 4th.
[PANews]
Securitize and Computershare have reached an agreement to support U.S. publicly traded companies in issuing tokenized equity securities.
Securitize has announced an agreement with Computershare to support U.S. listed clients in issuing equity securities in tokenized form. The agreement provides companies with a more flexible way to issue shares and gives shareholders more choice in how they hold their shares.
Issuers can issue issuer-initiated tokens (ISTs) alongside traditional shares (including direct issuance of shares) without changing the existing capital structure. These tokens are actual shares, not derivatives or packaged forms, and are designed to comply with existing regulatory frameworks.
Computershare will support ISTs by handling record keeping and corporate affairs, while maintaining a direct issuer-shareholder relationship.
[Foresight News]
Federal Reserve Chairman Powell: I will never be a shadow chairman
Fed Chair Powell: “I will never become a shadow chair.”
[Odaily]
US Fed Funds Rate Upper Bound to April 29 3.75%, expected 3.75%, previous 3.75%
U.S. Fed interest rate decision (upper limit) as of April 29: 3.75%, expected 3.75%, previous 3.75%.
[Odaily]
Today’s Market Pulse
The Federal Reserve’s decision to maintain rates amid deepening internal divisions and upgraded inflation language signals a more hawkish stance than markets anticipated, while stablecoin adoption shows continued institutional interest in crypto infrastructure.
Key Themes
Fed Policy in Flux
The Federal Reserve maintained interest rates unchanged but revealed significant internal divisions with four dissents—the most since 1992. Inflation language was upgraded to “elevated” from “somewhat elevated,” indicating growing concern about price pressures. Despite these hawkish signals, Powell clarified that dissenters are not advocating for rate hikes but rather debating policy stance language. Market pricing now reflects an 11% probability of rate hikes this year, up from just 5% earlier, as traders adjust to the Fed’s more cautious approach.
Powell’s Uncertain Future
As Powell’s term as Fed Chair ends May 15, his future role remains unclear. He has stated he won’t step down until the DOJ investigation concludes and will remain on the Board of Governors afterward, emphasizing he will “never become a shadow chair.” This transition period creates uncertainty about policy direction, especially with incoming chair Warsh expected to face challenges achieving the rate cuts President Trump desires without significant deterioration in the labor market.
Stablecoin Institutional Adoption
Meta’s rollout of USDC payment functionality for select creators marks a significant step in stablecoin adoption, allowing direct withdrawals to Solana and Polygon wallets. This represents Meta’s re-entry into the stablecoin space since abandoning the Libra project in 2022. Concurrently, Coinbase’s planned phase-out of Dai in favor of USDS reflects the evolving stablecoin landscape, with institutional players increasingly settling on specific protocols.
Crypto Infrastructure Developments
The SWEAT protocol’s successful response to a multi-million dollar attack demonstrated the resilience of modern DeFi security measures, with all user funds recovered. Meanwhile, traditional finance continues to tokenize assets through partnerships like Securitize and Computershare, which will support U.S. listed companies in issuing tokenized equity securities, bridging traditional markets with blockchain technology.
RichSilo Verdict
Smart money should monitor the Federal Reserve’s internal dynamics and Powell’s post-May 15 actions, as these will likely determine the path of monetary policy more than forward guidance. The persistent inflation concerns and divided committee suggest rates may remain higher for longer than current pricing reflects. In crypto, institutional adoption of stablecoin infrastructure continues to build, while successful DeFi security responses bolster confidence in the ecosystem’s resilience.
