Fed Chair Powell: Economic Outlook Uncertain, But Economy Strong
In his speech at the Economic Club of Chicago, Fed Chairman Jerome Powell stated that the US economy is strong despite high uncertainties. He noted that there has been a sharp decline in business and household confidence, reflecting uncertainties over trade policy. Powell said it is appropriate for the Fed to maintain a wait-and-see policy in the current environment and that they are in a good position for more clarity.
Bhutan Turns to a ‘Green’ Approach to Crypto Mining
Speaking to Reuters, senior Bhutanese officials revealed that the country has earned millions of dollars from cryptocurrency investments, some of which is used to pay the salaries of civil servants. Bhutan plans to explore environmentally friendly “green” crypto mining in the coming period.
SEC to Discuss Crypto Custody Issues on April 25
The US Securities and Exchange Commission (SEC) will hold its third roundtable focused on crypto custody solutions on April 25. The event will cover topics such as broker-dealer services, investment advisory and wallet custody in two separate panels. Participants will include representatives from Fireblocks, Anchorage Digital, Kraken and Fidelity.
South Korea to Stick to Target Schedule for Stablecoin Regulations
South Korea’s Financial Services Commission (FSC) announced that the regulatory framework for stablecoins will be announced in the second half of this year. The FSC emphasized that regulatory work will proceed as planned and that stablecoins are one of the priority areas within virtual asset regulation.
Bitcoin Miners Sold 40% of Their Production in March
According to TheMinerMag, 15 publicly traded Bitcoin mining companies divested more than 40% of the BTC they produced in March. This was the highest sell-off rate since October 2024. Increasing trade war uncertainties and low hash prices are thought to be putting pressure on companies’ profit margins.
Bitcoin Spot ETFs See $170 Million in Net Outflows, Led by Fidelity FBTC
According to SoSoValue data, Bitcoin spot ETFs saw outflows totaling $170 million yesterday. Fidelity’s FBTC fund suffered the biggest loss of the day, with a net outflow of $114 million, while BlackRock’s IBIT ETF diverged positively with a net inflow of $30.58 million.
Ethereum Spot ETFs Outflows on Day 7: 12 Million Dollar Decline
Ethereum spot ETFs saw net outflows totaling $12.0062 million yesterday, marking the seventh consecutive day of outflows. The highest inflow of the day was Grayscale ETH ETF with $2.24 million. ETH spot ETFs continue to remain under pressure.
by Darkex Research – 1 min read
