Trump: Surprised by Stock Market Rebound, Thought It Would Fall 20%

On April 21st, per LookOnChain monitoring data, a newly created wallet withdrew 35,000 ETH (worth roughly $80.7 million) from Binance over the past two hours and transferred the funds to BitGo.

On April 21, Pakistan’s Minister stated the country is still awaiting Iran’s official response to the recent meeting. An analyst at InvestingLive commented: “This isn’t a good sign—I’m holding almost no financial assets right now. I want to emphasize the importance of official statements here, but you can never be certain.” Following this news, oil prices climbed, gold prices hit a daily low, and the S&P 500 index declined. (Source: Jin10)

April 21 — Pakistani Information Minister Attaullah Tarar stated Wednesday that Pakistan is still awaiting a formal response from Iran on Tehran’s plan to send a delegation to the second round of U.S.-Pakistan peace talks in Islamabad. He emphasized that “Iran’s decision to join the talks before the two-week ceasefire expires is critical. Pakistan has been actively working to persuade the Iranian leadership to participate in the second round of negotiations.” (Source: Jin10)

On April 21, Coinbase’s Quantum Computing and Blockchain Independent Advisory Board released its first position paper, assessing the potential impact of quantum computing on the crypto industry in detail. The report notes that while current quantum computers aren’t powerful enough to threaten mainstream blockchain systems yet, quantum machines capable of breaking encryption are “highly likely” to emerge down the line. The industry expects this to take at least a decade, though an earlier breakthrough can’t be ruled out. The report stresses that “users’ assets remain largely secure today,” but the real risk centers on wallet-level digital signature mechanisms—not Bitcoin’s underlying structure or hash functions. The board notes roughly 6.9 million BTC could be at higher risk of exposure. By contrast, Ethereum and other proof-of-stake (PoS) networks face extra challenges with validator signature mechanisms but already have a clear migration roadmap. The report also notes post-qu

April 21 — Federal Reserve Chair nominee Powell said if appointed to lead the Fed, he would push for comprehensive policy reform. Testifying before a Senate committee, Powell stated: “In my view, the Fed needs fundamental policy reform. Mistakes in addressing inflation during the COVID-19 pandemic demand such changes — which, I believe, requires a shift in policy implementation and a new, distinct inflation framework.” He added: “We need new tools and new communication approaches,” citing forward guidance, economic projections and the Fed’s dot plot. He noted the central bank should hold off on issuing statements until meetings, as pre-meeting forecasts would hinder decision-making.

On April 21st, Federal Reserve Chair nominee Jerome Powell told his Senate confirmation hearing that he would make monetary policy decisions independently, without being swayed by any advice or pressure from former President Trump. He emphasized that maintaining low inflation acts like "body armor," shielding the Fed from criticism. Powell noted the Fed’s independence "depends in large part on the Fed itself"—specifically, on successfully meeting its goals and not exceeding the authority granted by Congress. Powell added: "Even if government officials—the President, senators, or representatives—voice views on interest rates, monetary policy implementation will not face significant threats to independence. Congress has given the Fed a clear mission: ensure price stability, with no excuses, ambiguity, debate, or hesitation. Inflation is a choice, and the Fed must take responsibility for it. Low inflation is the Fed’s shield." He also stated the Fed has "lost its way" at times, t