Headline
▌Trump criticizes Powell for playing politics, says the president has the power to fire the Fed chairman
US President Trump expressed strong dissatisfaction with the Fed's delay in cutting interest rates, and publicly denied the agency's "independence", saying he had the ability to remove Fed Chairman Powell. When asked about his earlier remarks on social media criticizing Powell for his slow rate cuts, Trump told reporters in the Oval Office, "If I ask him to leave, he has to leave. I'm very unhappy with him and I've made it clear to him." In the earlier social media post, Trump said: "The sooner Powell leaves, the better!". A Fed spokesman declined to comment on Trump's remarks. In the Oval Office, Trump did not respond to questions about whether he tried to remove Powell. He said Powell's performance has been "terrible."
▌Google search interest for "Bitcoin" and "Ethereum" improved slightly in March, reaching the highest level of the year
In March 2025, the search interest for "Bitcoin" on Google was 34, the highest level so far in 2025. The search interest in January and February was only 31 and 27, respectively. This marked a relative increase of 26% month-on-month in the number of searches for "Bitcoin", and also marked a change in the trend of the indicator that has been declining since November 2024. Similarly, the search interest for "Ethereum" on Google in March also reached its highest level so far in 2025, recording 19. It was slightly higher than 16 last month. Analysts said that although it is still far from the previous cycle highs, the rise in Google search interest for Bitcoin and Ethereum in March may reflect the resurgence of retail curiosity, at least better than the performance so far in 2025. A broader theory for the rise in Bitcoin interest in March could be the newly announced U.S. tariffs, which may have reignited the “digital gold” and “store of value” narratives long associated with Bitcoin, especially against the backdrop of heightened geopolitical or macroeconomic tensions. This theory is supported by the BTC to SPX ratio, which has risen more than 8% since the “Liberation Day” tariff announcement on April 2.
Market
As of press time, according to Coingecko data:
BTC's latest transaction price is $84,955.26, with a daily increase or decrease of +1.1%;
ETH's latest transaction price is $1,582.61, with a daily increase or decrease of +0.2%;
BNB's latest transaction price is $589.93, with a daily increase or decrease of +1.2%;
SOL's latest transaction price is $134.67, with a daily increase or decrease of +1.2%. style="color: rgb(0, 176, 80);">+2.5%；
DOGE's latest transaction price is 0.1557 US dollars, with a daily increase or decrease of +0.5%；
XPR's latest transaction price is 2.06 US dollars, with a daily increase or decrease of -1.0%.
Policy
▌Slovenia's Ministry of Finance proposes a tax on personal income from cryptocurrencies
Slovenia's Ministry of Finance is seeking opinions on a proposal to impose a 25% tax on profits made by individuals from the disposal of crypto assets.
The proposal, published on Thursday, aims to close a loophole in the country's tax system, which currently taxes business income from crypto asset transactions but exempts natural persons from buying and selling crypto assets as investments.
The proposal is open for comments until May 5. If approved by parliament, it is expected to take effect on January 1, 2026.
Blockchain Applications
▌Kyrgyzstan President Pushes ‘Digital Som’ Toward Reality
Kyrgyzstan’s President Sadyr Japarov on Thursday signed legislation granting legal status to the “digital som,” bringing the country one step closer to issuing its own central bank digital currency (CBDC). Kyrgyzstan is still deciding whether to issue a CBDC, and Thursday’s amendments to the Kyrgyz Republic’s constitution ensure that the “digital som” will be considered legal tender if the central bank goes ahead with the CBDC.
“The purpose of the constitution is to launch a pilot project of a prototype of the national digital currency ‘digital som’ and to establish a legal basis and status,” a statement on the president’s website said.
Under the new regulations, the National Bank of the Kyrgyz Republic will be able to develop and approve rules for payments on the digital som platform.
Cryptocurrency
▌Crypto exchange eXch announced that it will shut down on May 1 due to money laundering allegations
Crypto exchange eXch announced that it will cease operations on May 1. It was previously reported that the platform was used to launder some of the stolen funds from the Bybit exchange. In an announcement on April 17, eXch said that the majority of its management team voted to "cease operations and exit" in response to allegations that the North Korean hacker group Lazarus Group laundered approximately $35 million in funds through the platform - funds derived from the $1.4 billion hack of Bybit. The exchange said it had become the target of a "transatlantic joint law enforcement operation" that aims to shut down its business and possibly bring criminal charges.
“While we have withstood multiple attempts to shut down our infrastructure and remain operational, we have determined that it no longer makes sense to continue operating in a hostile environment where we have become the target of signals intelligence surveillance simply because some have misinterpreted our purpose,” eXch said in a statement. The exchange initially denied allegations by blockchain sleuths that it helped the Lazarus Group launder money, but admitted to handling a “very small portion” of the funds from the February hack.
▌Trump Media & Technology Group Calls on SEC to Investigate Whether Qube Was Involved in Illegal Shorting of DJT Stock
Trut Social parent company Trump Media & Technology Group has accused UK-based Qube of possibly shorting DJT stock without properly disclosing its holdings.
In an open letter to SEC Acting Chairman Mark Uyeda, Trump Media & Technology Group alleges that UK-based Qube may have been involved in “illegal shorting of DJT stock.” TMTG accused Qube of disclosing a short position of 6 million shares in Germany, worth $105 million, on April 10, but not notifying regulators in its jurisdiction of the position. Trump media also cited third-party sources as saying that Qube's position had since nearly doubled to 11 million shares.
TMTG said in the letter: "We urge you to immediately investigate this suspicious transaction and report your findings to TMTG and any relevant civil and criminal authorities." According to TMTG's financial disclosures, the company had revenue of less than $4 million and an operating loss of $400 million last year. TMTG shares closed at $22.04 that day, down 35% from the beginning of the year.
▌DCG CEO: If you hold the Bitcoin invested in early crypto projects in 2012, the return will be higher
Digital Currency Group (DCG) CEO Barry Silbert reflected in a podcast that if you hold the Bitcoin invested in early crypto projects in 2012 (then bought at $7-8), the return will be higher. He also pointed out that most current cryptocurrencies lack actual monetary value. At the same time, Bitcoin minimalists predict that BTC may exceed one million US dollars in the next decade. Zach Shapiro, head of the Bitcoin Policy Institute (BPI), said that if the US government announces the purchase of 1 million BTC, it will cause a huge market shock. Trump's Crypto Committee is also exploring ways to increase BTC holdings through gold reserve revaluation or tariffs to cope with the US debt crisis. Asset management company VanEck analyzed that BTC-linked bonds may help reduce the $14 trillion national debt.
▌Coinbase International Exchange's BTC Perpetual Contract Weekly Volume Reaches $100 Billion
Coinbase International's perpetual contract platform continues to grow in the derivatives market, processing nearly $100 billion in BTC perpetual contract volume in the past week. The surge makes Bitcoin perpetual contracts the exchange's largest market segment, while all other markets have far lower volumes.
Coinbase International is Coinbase's Bermuda-licensed derivatives exchange, which allows the company to offer complex trading products that are not allowed by US regulation.
Important Economic Dynamics
▌People's Daily Zhongsheng: Economic bullying damages the US national credibility
The People's Daily Zhongsheng article pointed out that blowing out other people's lights will not make your own light brighter; blocking other people's roads will not make you go further. The United States is superstitious about strength, indulging in the law of the jungle, engaging in economic bullying, and putting its own interests above the common interests of all countries. It is reversing history and accelerating the consumption of the United States' national credibility. The United States should face up to the opposition of the international community and the rational voices in the United States, abandon its wrong practices, and return to the track of cooperation. This is the right way to revive the US economy.
▌Viewpoint: The independence of the Federal Reserve may become the focus of the market in the next few days
Evercore ISI analyst Krishna Guha believes: "As tariffs penetrate into consumer prices, the independence of the Federal Reserve will become a focus in the next few days. If you like the market chaos caused by tariffs, you will definitely love the "Federal Reserve loses independence" related transactions." "From multiple perspectives of historical, fundamental and technical analysis, the evidence shows that a slightly defensive stance should be taken at present," Keith Lerner, chief market strategist at Truist Advisory Services, wrote in a report to clients and downgraded the rating of U.S. stocks.
▌The Federal Reserve announced a reform plan for stress testing of large U.S. banks, and plans to postpone the effective date of capital buffer requirements
The Federal Reserve is refining its reform plan for stress testing of large banks and has submitted a proposal for public comment that will calculate the average results of two years. The Fed said it intends to postpone the effective date of the annual stress capital buffer requirement from October 1 to January 1 next year to give banks more time to adapt to the new capital requirements. The proposal will also "make targeted changes to simplify data collection related to the board's stress testing." The Fed said that these planned reforms are not intended to have a substantial impact on capital requirements.
▌Ukraine and the United States signed a memorandum on a mineral agreement
Ukrainian First Deputy Prime Minister and Minister of Economy Sviridenko said on social media that Ukraine and the United States signed a memorandum on a mineral agreement, which determined the working framework of the two countries' teams and reiterated their willingness to conclude negotiations on the agreement and sign the agreement. She said the text of the agreement still needs further revision. "Next, the text of the agreement will be finalized and signed. It will then need to be approved by the parliaments of both countries," Svirdenko wrote. In addition, the two sides are currently preparing to set up an investment fund for Ukraine's reconstruction. U.S. President Trump previously said that the mineral agreement with Ukraine would be signed on the 24th.
▌Trump privately discussed firing Powell and letting former Fed Governor Warsh take over
According to the Wall Street Journal, according to people familiar with the matter, President Trump has been privately discussing the dismissal of Federal Reserve Chairman Powell for several months, but he has not made a final decision on whether to oust him before the end of his term next year. People familiar with the matter said that at a meeting at Mar-a-Lago, Trump discussed with former Federal Reserve Governor Kevin Warsh the possibility of firing Powell before the end of his term and possibly choosing Warsh to take over his position, but Warsh advised against firing Fed Chairman Powell and believed that he should be allowed to end his term without intervention. U.S. Treasury Secretary Bessant also opposed Trump's intention to remove Powell.
Golden Encyclopedia
▌What is Compressed NFT?
Compressed NFT is a non-fungible token (NFT) designed to reduce the cost of storing and using NFTs for transactions on the Solana blockchain. Compressed NFTs offer several key advantages that stand out in the blockchain ecosystem. They are affordable, greatly reduce the cost of minting and storage, and enable creators and businesses to use blockchain technology without financial barriers. In addition, cNFT contributes to greener blockchain practices by reducing storage requirements and thus energy usage. These attributes make cNFT a potential game changer for scalable, environmentally friendly, and innovative applications.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for informational reference only and is not intended as actual investment advice. Please establish the correct investment philosophy and be sure to raise your risk awareness.
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