Ethereum Rollup Deployment Platform Caldera Announces Strategic Acquisition of Hook

Fed Governor David Coogler said tariffs could put upward pressure on prices; the impact and uncertainty of tariffs on the economy could be greater than expected. While economic activity and employment remain steady, keeping interest rates stable is supported as long as upside risks to inflation persist.

According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in May is 91.7%, and the probability of a 25 basis point cut is 8.3%. The probability that the Fed will keep interest rates unchanged in June is 32.8%, the probability of a cumulative 25 basis point cut is 61.8%, and the probability of a cumulative 50 basis point cut is 5.3%.

Steven Englander, strategist at Standard Chartered in New York, said that if US President Donald Trump followed through on his threat to fire Federal Reserve chairperson Jerome Powell, it would cause inflation to rise, weaken the dollar and prompt money to flock to the euro, yen and Swiss franc. "Attempting to remove (or precipitate) Powell could lead to a significant increase in real risk premiums across inflation, the Treasury yield curve and other dollar asset markets," he said on April 2.

Spot gold's short-term decline expanded, falling nearly 2% during the day to a minimum of $3,317.07 per ounce.

Neel Kashkari, president of the Minneapolis Fed, said the Fed had a responsibility to ensure that tariffs did not cause a persistent inflation problem, echoing recent comments by Fed chairperson Jerome Powell. "We're just not sure right now whether this is a one-time effect or a long-term effect on inflation," Mr. Kashkari said at a US Chamber of Commerce event in Washington on Tuesday. "Our job at the Fed is to make sure this is not a longer-term effect."

President Trump said that in the last year of Biden's term, we lost $5 billion a day, and what they did on trade was a disaster. And now, that number is much lower because we got 25% tariffs from the auto industry, 25% tariffs from the steel and aluminum industries, and the base tariff is 10%. We lost almost $2 trillion on trade. But those days are over, and we won't let them happen again. We won't allow that to happen again.

Tesla holds nearly $1 billion in bitcoin. The Financial Accounting Standards Board now requires digital assets to be marked to market every quarter. Tesla Quarter 1 revenue was $19.34 billion, missing analysts' expectations, which had expected revenue of $21.37 billion. As of March 31, Tesla's digital asset holdings were worth $951 million, down from $1.076 billion on December 30 last year, a change due to the falling price of bitcoin. Tesla currently holds 11,509 bitcoins on its balance sheet.

US President Trump: SEC Chairperson Paul Atkins is the best person to ensure regulatory certainty for cryptocurrencies.

Tesla CEO Elon Musk: Tesla has made good progress with the humanoid robot Optimus.

OpenAI executives testified in court that OpenAI was interested in buying Google's Chrome Internet browser.

US President Donald Trump said at the swearing-in ceremony of Securities and Exchange Commission Chairperson Atkins on Tuesday that he had no intention of firing Federal Reserve Chairperson Jerome Powell, despite being disappointed that the central bank did not cut interest rates more quickly. "Never," Mr. Trump told reporters. "The press always messes things up. I'm not going to fire him. I'd like to see him be more positive about the idea of lowering interest rates....

EM, Tesla CEO: Expect a significant reduction in the time invested in the Ministry of Government Efficiency in May. The work of the Ministry of Government Efficiency is "basically completed".