Investors are increasingly focused on potential issues within the $2 trillion private-credit industry. Wall Street Journal (Markets) posted on X, highlighting a series of events that have sparked discussions about the industry's vulnerabilities. The private-credit sector, which has grown significantly in recent years, is now under scrutiny as investors assess the potential risks and challenges it faces. These concerns come amid broader market uncertainties and economic pressures that could impact the industry's stability and growth. As the situation develops, stakeholders are closely monitoring the unfolding events to understand their implications for the private-credit market.

Key Takeaways President Trump stated in a Fox News interview that he will fire Fed Chair Jerome Powell if he does not leave office on time, adding he has been "holding back" from firing himTrump indicated the DOJ investigation into Powell's handling of a Fed renovation project will continue, removing a key condition Powell had set for his voluntary departurePowell's chair term expires in May, but his governor term runs until 2028; Powell has said he will not resign until the DOJ investigation is "truly and thoroughly over"Treasury Secretary Bessant acknowledged uncertainty over whether Fed Chair nominee Kevin Warsh will be confirmed before May 16Polymarket prices the probability of Warsh being confirmed as Fed Chair before May 15 at 43% President Trump escalated his confrontation with Federal Reserve Chair Jerome Powell on Tuesday, stating in a Fox News interview that he would fire Powell if he fails to leave office on time and signaling that the Justice Department investigation into Powell will not be dropped. "If he doesn't leave on time, I have to fire him. I've been holding back from firing him. I want to fire him, but I hate controversy. I hope there's no controversy. But he will be fired," Trump said. A Standoff Over Departure Terms The remarks sharpen a standoff that has been building around the Fed leadership transition. Powell's term as chair expires in May, but his term as a Federal Reserve governor runs until 2028. Powell has previously stated he intends to serve as interim chair if a confirmed successor is not in place by the time his chair term ends -- and has refused to resign from his governorship until the DOJ investigation into a Fed building renovation project is "truly and thoroughly over." Trump's comments close off a potential off-ramp. By indicating there are no plans to end the DOJ investigation -- stating flatly "it has to be done" -- Trump removes the condition Powell set for a voluntary exit, making a forced removal or prolonged standoff increasingly likely. Warsh Confirmation Timeline Uncertain Adding to the uncertainty, Treasury Secretary Scott Bessant acknowledged Tuesday that it remains unclear whether Fed Chair nominee Kevin Warsh will be confirmed before May 16, while expressing hope that "everyone will work together to get Warsh into the Federal Reserve in May." Warsh's Senate confirmation hearing is scheduled for April 21. Polymarket currently prices the probability of Warsh being officially confirmed as Fed Chair before May 15 at 43%, reflecting meaningful uncertainty around the timeline even as the hearing approaches.

Key Takeaways US and Iran negotiators made progress Tuesday toward a framework agreement to end the war, with one official describing Trump's team as "close to their goal," per AxiosTrump's negotiating team -- VP Vance, Middle East envoy Witkov, and senior advisor Kushner -- continued exchanging draft agreements with Iran and mediatorsA ceasefire extension will be needed to negotiate final details if a framework is reached, as the full agreement is too complex to complete within two daysPolymarket currently prices a 27% probability of a permanent peace agreement before April 22, 42% before April 30, and 60% before May 31 US and Iranian negotiators moved closer to a framework agreement to end the war on Tuesday, with two US officials telling Axios that talks made meaningful progress and that Trump's team is "close to their goal." According to the officials, Trump's negotiating team -- comprising Vice President JD Vance, Middle East envoy Steve Witkov, and senior advisor Jared Kushner -- has been in ongoing contact with Iranian counterparts and mediators, exchanging draft agreements in an effort to reach a structured settlement. One official struck a cautiously optimistic tone, stating: "We want an agreement, and some people in Iran want one too. The key is getting the entire Iranian government to agree" -- a comment that signals internal divisions within Tehran remain a potential sticking point. Ceasefire Extension Likely Needed Sources told Axios that even if a framework agreement is reached in the near term, a ceasefire extension will be required to allow negotiators to work through the details of a permanent deal, which are described as "complex and difficult to complete within two days." Polymarket Odds Shift Toward May Resolution Prediction market Polymarket reflects growing but measured optimism around a resolution timeline. According to PolyBeats data, the probability of a permanent US-Iran peace agreement is currently priced at 27% before April 22, rising to 42% before April 30, and 60% before May 31 -- suggesting markets view a late-May resolution as the most likely scenario if talks continue to progress. Crypto Market Implications Geopolitical de-escalation between the US and Iran has been a key driver of Bitcoin's recent recovery above $75,000, with easing war risk directly supporting risk appetite across crypto and equity markets. A formal framework agreement or ceasefire extension would likely provide further tailwind for risk assets, while a breakdown in talks -- particularly given the complexity of finalizing details -- remains the primary downside risk to the current macro-driven rally.

Michael Saylor posted on the X platform that Strategy had generated 17,585 Bitcoins in the first two weeks of April 2026, worth approximately $1.3 billion. According to the image he shared, Strategy's Bitcoin return year-to-date is 5.6%, or 37,339 BTC (approximately $2.78 billion); and its return this quarter is 2.3%, or 17,585 BTC (approximately $1.3 billion).

The total market capitalization of PreStocks' tokenized pre-IPO private companies has exceeded $17 million, according to Blockworks Research data. According to Foresight News, this marks a fivefold increase in less than a year. Additionally, the weekly spot trading volume for these pre-IPO tokens has surpassed $95 million.

UK Chancellor Reeves stated that if the ongoing war concludes, the country's economic growth is likely to increase, and inflation could decrease. According to Jin10, Reeves emphasized the potential positive impact on the economy once the conflict is resolved, suggesting that the end of the war could lead to a more favorable economic environment.

Four.meme has announced a collaboration with Predict.fun to expand the Meme coin ecosystem into the prediction market layer of the BNB Chain. According to Odaily, this integration allows Predict.fun to launch a dedicated Meme coin section, incorporating real-time on-chain data from Four.meme. This enables users to transform on-chain activities into tradable real-time prediction markets. Users can engage in trading based on key indicators such as transaction fee milestones, token listings, and market capitalization changes. The partnership aims to provide more participation opportunities and release valuable market signals as the Meme ecosystem continues to evolve.

Iran's Foreign Ministry spokesperson criticized a proposal from the United States, stating it was unrealistic for Iran to accept the package in its entirety. According to Foresight News, the spokesperson emphasized that the proposal does not align with the principles of negotiation and dialogue. Previously, Iran had submitted a list of 10 ceasefire terms to the U.S. through Pakistan, in response to the U.S.'s 15-point ceasefire plan. The spokesperson asserted that Iran, with the cooperation of Persian Gulf countries, is fully capable of ensuring security in the Middle East, provided the U.S. ceases military interventions and provocations. He warned that external interference would only complicate matters further. The spokesperson also noted that many European countries are wisely avoiding falling into the U.S.'s military trap.

Four.meme has announced a partnership with Predict.fun to further expand the Meme Coin ecosystem into the prediction market layer of the BNB Chain. Through this integration, Predict.fun will launch a dedicated Meme Coin section and access real-time on-chain data from Four.meme, enabling users to transform on-chain activity into tradable, real-time prediction markets. Users can make judgments and participate in trading based on key indicators such as transaction fee milestones, token listings, and market capitalization changes. This partnership aims to expand participation methods and release more valuable market signals as the Meme ecosystem continues to evolve.

The UK Financial Conduct Authority (FCA) has announced that it is seeking industry feedback on guidance regarding the future regulatory framework for crypto assets in the UK, in order to facilitate the implementation of a comprehensive regulatory framework that will take effect on October 25, 2027. According to the announcement, this consultation will continue until June 3, 2026, aiming to help businesses understand the impact of the new regulations on their operations and provide compliance guidance for key areas such as stablecoin issuance, crypto trading, custody, and staking. The FCA stated that it hopes to create a "competitive and sustainable" crypto market, enabling compliant institutions to better serve UK users. The FCA also disclosed that the application channel for relevant crypto company authorizations is expected to open in September 2026 and continue until February 2027. All institutions providing crypto asset services will be required to complete authorization under the Financial Services and Markets Act (FSMA) in the future, even if they have previously registered under the anti-money laundering framework. This guidance consultation is seen as an important step in the UK's gradual improvement of its crypto regulatory system, marking an accelerated transition from partial regulation to a comprehensive licensing system. (Cointelegraph)

Stablecoins, RWA, USDS, Morpho: On-chain vault operation mechanism, market structure and risk analysis. Golden Finance: Vaults are rapidly becoming the core allocation and abstraction layer for on-chain asset management.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

Using a HYPE-based digital asset strategy (DAT) company as an example, this paper explores why DAT's asset selection determines the sustainability of its digital asset strategy.

When AI agents need identity, payment, and verification, blockchain is becoming their operating system.

Anthropic, OpenAI, IPO: Before their IPOs, both OpenAI and Anthropic want to keep arguing. In this back-and-forth, attacking rhythm, who is reaping the benefits? (Jinse Finance)

In April 2026, OpenClaw (commonly known as "Lobster"), which had only been popular for two months, met its challenger. Hermes Agent topped the GitHub Trending list for several weeks, garnering a whopping 22,000 stars.

In less than 12 months, an employee laid off by OpenAI turned a $225 million investment into $5.5 billion, and the area he bet on was almost entirely outside the collective understanding of Wall Street.

Hong Kong, stablecoins, HSBC and securities firms enter the market simultaneously; Hong Kong stablecoins have entered the next stage. Golden Finance reports that Hong Kong has released several key signals regarding stablecoins.

For Tether, the signing of the audit contract is just the beginning. The timing of the final report, the details of the reserves it will reveal, and whether the audit opinion is unqualified are still challenges to overcome.

Artificial Intelligence, the "PayPal Mafia" of the AI ​​Era: From Internship Together to Billionaires - Golden Finance: Got it, people still need to learn advanced math.