According to Jinshi, Fed Chairman Powell gave a speech on the economic outlook. He said that the current situation is different from the 1970s. People are facing the risk of higher unemployment and higher inflation, which is a challenge for the Fed. There may be tension between the two goals (employment and inflation), but not as we see now. The Fed's responsibility is to restore economic stability no matter what happens. Independence is essential for the Fed. (Dealing with) problems brought about by trade policy, energy policy, climate change and immigration are not the responsibility of the Fed. The Fed cannot participate in issues that are not assigned to us. The Fed does not need to rush to act, we have time. It is not clear what the appropriate policy is, and the Fed will wait and see before adjusting its policy.

According to Cailian Press, Federal Reserve Chairman Jerome Powell said in a speech that the uncertainty of the new tariff policy will decline at some point, and the uncertainty should be much lower after a year. Now is a good time to step back and let the situation settle. The Federal Reserve is in a good position to deal with any possible situation.

Fed Chairman Jerome Powell spoke on the economic outlook, saying that by many indicators, the labor market appears to be roughly balanced and is not a significant source of inflationary pressure. Today's employment report showed that the unemployment rate was 4.2% in March, still at a low level since early last year. In the first quarter, employment growth averaged 150,000 jobs per month. The combination of low layoffs, slowing job growth and labor force growth has kept the unemployment rate roughly stable.

According to Jinshi, Federal Reserve Chairman Powell said that the offsetting effects of weak economic growth and rising inflation will allow the Fed to maintain its expectation of two interest rate cuts in 2025.

Fed Chairman Jerome Powell said in a speech that hard data points to a slower but still solid growth outlook. The labor market appears to be roughly balanced. Despite high uncertainty, the U.S. economy is still in good shape.

According to Jinshi, Federal Reserve Chairman Jerome Powell said that President Trump's tariffs exceeded expectations and could lead to higher inflation and slower economic growth. The Federal Reserve has an obligation to keep inflation expectations stable and is ready to consider adjustments.

According to Jinshi, Trump called on Federal Reserve Chairman Powell to cut interest rates as soon as possible, saying that now is the best time to cut interest rates. He believed that Powell "always moves too slowly" and urged Powell to stop "playing politics."

According to market sources, Swedish payment giant KLARNA suspended its IPO after Trump imposed tariffs.

According to Lookonchain monitoring, a whale bought another 4,100 ETH ($7.32 million) at $1,785 today. Since March 26, this whale has bought 33,441 ETH ($65.5 million) at an average price of $1,959.

French Hill, Chairman of the U.S. House Financial Services Committee, and Glenn Thompson, Chairman of the Agriculture Committee, jointly proposed six principles to guide digital asset legislation to address digital asset regulatory issues. The six principles include: promoting innovation, clarifying asset classification, regulating the framework for the issuance of new digital assets, establishing supervision of spot market exchanges and intermediaries, establishing best practices for customer asset protection, and protecting innovative decentralized projects and activities.

Startup Codex has raised $15.8 million in a seed round led by Dragonfly Capital. Codex is building a blockchain designed for stablecoins. Other investors include the venture capital arms of Coinbase and Circle. Crypto market makers such as Cumberland, Wintermute and Selini Capital also contributed. Dragonfly general partner Rob Hadick said the firm invested about $14 million in the round.

According to Cailianshe, the three major U.S. stock indexes opened lower, with the Dow Jones Industrial Average down 2.34%, the Nasdaq down 3%, and the S&P 500 down 2.50%. Apple, Amazon, Meta, and Tesla opened down at least 4%. DuPont fell more than 11%. JPMorgan Chase fell 5%, Bank of America fell 4.3%, and Wells Fargo fell 3.5%.

The Cardano Foundation has launched Veridian, an open-source digital identity platform for individuals and organizations. Launched along with its first product, Veridian Wallet, the platform is designed to protect personal information and allow users to prove their identity online without the hassle of sharing sensitive data.

GameStop Chairman and CEO Ryan Cohen purchased 500,000 shares of GME for $10.78 million. The purchase increased Cohen's total holdings to 37,347,842 shares, or about 8.4% of GameStop's outstanding shares.

The U.S. economy added far more jobs than expected in March, but Trump's tariffs could test the resilience of the labor market in the coming months amid falling business confidence and a stock market sell-off. Nonfarm payrolls added 228,000 jobs in March. The unemployment rate rose to 4.2% from 4.1% in February. Economists expect the impact of reciprocal tariffs could be seen in the April jobs report. Retail payrolls are most likely to fall as consumers hunker down amid rising prices. Financial markets expect the Federal Reserve to resume cutting interest rates by June after pausing its policy easing cycle in January.

According to market news, Grayscale has submitted the S-1 form for the Solana ETF to the US SEC.

According to Jinshi.com, the seasonally adjusted non-farm payrolls in the United States in March were 228,000 (10,000), compared with 151,000 in the previous month and 135,000 as expected. The unemployment rate in the United States in March was 4.2%, compared with 4.10% in the previous month and 4.1% as expected.

Justin Sun officially launched a $50 million bounty program (equivalent to approximately 10% of its liquidity support or stolen TUSD reserves) for FDT’s alleged fraud incident to recover TUSD reserves misappropriated by bad actors including First Digital Trust (FDT).