● Schwab Financial plans to launch cryptocurrency transactions in the next 12 months
According to Foresight News, Nate Geraci, president of The ETF Store, said on X that Schwab CEO Rick Wurster is expected to launch direct spot cryptocurrency transactions in the next 12 months. Rick Wurster said Schwab is steadily advancing the plan as the regulatory environment changes. But due to cryptocurrency price volatility, investors who cannot afford significant risks may choose to avoid it.
● Powell plans to serve as Fed chairman until 2026
According to the Odaily Planet Daily, Powell said that U.S. law does not allow the president to remove him, and he will not resign even if Trump asks him, and plans to serve as chairman of the Federal Reserve until May 2026. In addition, Powell's term as a member of the Federal Reserve Board of Directors will last until January 2028. He believes that the cases currently being tried in the U.S. Supreme Court are unlikely to apply to the Federal Reserve.
● Mainstream currency funding rates show that the market is no longer generally bearish
According to BlockBeats, on April 19, Coinglass data showed that the current mainstream CEX and DEX funding rates indicate that the market is no longer generally bearish, but it is not bullish. The capital rate is used to maintain the balance between the contract price and the underlying asset price. A benchmark rate of 0.01%, greater than 0.01% means the market is long, and less than 0.005% means the market is bearish.
● Forecast Market: Powell's probability of being dismissed in 2025 rises to 22%
According to BlockBeats, on April 19, data from the official Polymarket website showed that the probability of "Powell being removed from the position of Federal Reserve Chairmanship in 2025" rose to 22%.
● Crypto entrepreneurs warn Trump of firing Fed chairman could bring dangerous precedent
According to Cointelegraph, crypto entrepreneur Anthony Pompliano said U.S. President Trump should not fire the Fed chairman, which would set a dangerous precedent. Pompliano said in the video that firing due to disagreement should not be the norm. Trump accused Fed Chairman Jerome Powell of slow rate cuts on Truth Social and said he should be fired as soon as possible. Pompliano believes that the Fed claims independence, but is actually highly politicized. He criticized the Fed, but emphasized that mistakes should not be responded to incorrectly. U.S. Senator Elizabeth Warren warned that firing Powell could undercut investor confidence and trigger a financial crisis. She stressed the importance of economic independence from politics.
● BIS studies the impact of cryptocurrencies and DeFi on financial stability
According to PANews, the Bank for International Settlements (BIS) has released a paper exploring the risks of cryptocurrencies and decentralized finance (DeFi) to financial stability. Most central bank officials believe that cryptocurrencies are too small and do not pose a risk of financial stability. The report notes that the cryptocurrency market has "at critical scale", but its connection to traditional finance (TradFi) remains minimal. The issuance of Bitcoin ETFs, the expansion of stablecoins and the tokenization of real-world assets (RWAs) are changing this situation. It is recommended to further study the role of DAO in governance and its impact on financial stability. The difference between DeFi protocol and application is emphasized, and dApps are potential regulatory contacts. It is imperative to study the impact of RWA tokenization on financial stability. The core role of stablecoins in DeFi and their potential instability need further analysis.
