JPMorgan cut its forecast for the number of Fed rate cuts this year from three to two

The three major U.S. stock indexes collectively opened lower, the Dow fell 0.78%, the Nasdaq fell 1.43%, the S & P 500 fell 1.01%, large technology stocks generally fell, Nvidia, Amazon fell more than 2%, Tesla fell more than 4%, the company postponed the plan to manufacture a affordable version of Model Y in the United States. Cryptocurrency concept stocks rose, MicroStrategy rose 2.4% and MARA rose 1.4%.

FOX reporter Charles Gasparino said Wall Street sources say Paul Atkins will be sworn in as SEC chairperson as early as Tuesday.

The Omni Network, the Ethereum interoperability protocol, said in an official blog post that Symbiotic is the first application powered by SolverNet. To accelerate the adoption of Symbiotic and future applications built on SolverNet, the Omni Foundation has launched a $10 million reward program for early adopters. Users who transact through SolverNet-enabled applications (starting with Symbiotic) will be eligible for a share of the $10 million reward.

12:00-21:00 Keywords: Circle, Strategy, Ethereum Foundation, Singapore Exchange 1. Spot gold successfully stood at $3,400/ounce 2.Circle to launch new payments and cross-border remittance network 3. The Bank of Korea will actively participate in formulating stablecoin regulations 4. Citi expects the Federal Reserve to implement its next rate cut in June 5. Tether Treasury issues 1 billion additional USDT on TRON Network Strategy acquired 6,556 bitcoins for $555.80 million last week 7. Sources: C...

GSR, a cryptocurrency trading and investment firm, today announced that it has entered into a $100 million Private Equity (PIPE) agreement with Upexi, Inc. (NASDAQ: UPXI), a brand owner focused on the development, manufacturing and distribution of consumer goods. The investment follows Upexi's announcement of a strategic shift to a cryptocurrency-based treasury strategy designed to deliver long-term value addition and returns for shareholders. Upexi has committed to establishing a Solana treasur...

Federal Reserve Goolsby: The independence of the Federal Reserve is crucial. The chairperson of the Federal Reserve is the most important person on the committee and its opinions have a significant influence. Still believe that interest rates will be lower in the next 12-18 months.

Citi expects the Federal Reserve to implement the next rate cut in June, previously forecast for May; while maintaining its forecast of a 125 basis point rate cut in 2025 unchanged.

According to the official announcement, Mantra announced that it has destroyed 150 million OM tokens belonging to the team. The move is aimed at rebuilding trust and demonstrating a strong commitment to building a trusted, accessible and inclusive financial ecosystem through tokenization. In addition, MANTRA is in discussions with ecosystem partners on plans to destroy an additional 150 million OM tokens, bringing the total to 300 million OM tokens.

Bloomberg senior ETF analyst Eric Balchunas wrote on the X platform that the 2x short Ethereum ETF (ETHD, ETQ) has performed well this year, second only to the 3x gold miner ETF.

On April 21, the Balance Foundation announced on the X platform that Balance TGE is now online and EPT tokens are now available for collection.

According to official news, Binance Alpha has added Balance (EPT).

Strategy (MSTR. O): Acquired 6,556 bitcoins for $555.80 million between April 14, 2025 and April 20, 2025.